One of Today’s Featured Trade Ideas
No trade Idea today: However, I do have 14 trade ideas for members that are from the members’ trade ideas posted from the last few days.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
Something to think about:
Rule #32 Don’t fight the trend
Members of both Hit & Run Candlesticks and Right Way Options, the trading room passwords will change this weekend.
SPY: The SPY close about a quarter percent from reaching into the top 25% of the recent trading range (the trading range is 205.53 – 213.78). The SPY did hold up and close quite well yesterday, showing the Bulls are maintaining the strength of the recent bounce off the 200-day simple moving average. If you were to look at the weekly chart and the last four bars, you would see a low/high/higher/low, and it looks like a bullish piercing candle will be printed this week. FYI… There’s also a bearish engulf within those last four bars. Bottom line, we are still stuck in a trading range and the Bulls currently have a little control. It’s Friday, a day to pull profits out of the market so you can safely protect them in your pocket. This will also make for a good weekend, and we can all put our money back to work for us next week.
IWM: IWM is still in a downtrend and controlled by the sellers as long as price is below the T-Line and the big three.
SMH: It would appear so far that the bullish morning star signal has created follow-through, and now I can see a Doji continuation pattern. A close over $54 is still what I’m looking for. This would help confirm that the bottoming construction may be completed.
IYT: Another good day for the transports, maybe $154.00 is in the cards next week.
This Week’s Economic Calendar—> Click Here
Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts. As you know some work and some don’t…Welcome to trading. Please follow your trading rules for entry stops and profits. Remember to check for earnings!
To see all of today’s trade ideas Click Here
Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.
| Members only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 7.30.15 | Long | BOPT above T-line | ||
| 7.29.15 | Long | Set stops | ||
| 7.28.15 | Long | BOPT above T-line | ||
| 7.27.15 | Long | BOPT above T-line/caution | ||
| 7.26.15 | Long | BOPT above T-line | ||
| 7.22.15 | Long | BOPT above T-line | ||
| 7.21.15 | Long | BOPT above T-line | ||
| 7.20.15 | Long | BOPT above T-line | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | BOPT above T-line/flagging | ||
| 7.15.15 | Long | BOPT above T-line | ||
| 7.14.15 | Long | Bottom trying | ||
| 7.13.15 | Long | BOPT above T-line | ||
| 6.23.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | BOPT above T-line | ||
| 6.12.15 | Long | Hit target | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 4.28.15 | Long | out | ||
| 7.21.15 | Short | BOPT above T-line | ||
| 7-8-14 | Long | No trade |
VXX S&P 500 VIX Short Term Futures: A close above the T-Line ™ implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.
Energy Sector: XLE, SX90, ERX, USO A close above the T-Line ™ implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.
SMH: A close above the T-Line ™ implies the above short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.
IYT: A close above the T-Line ™ implies the above short-term bullish swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.
US Dollar Index: UUP, DXYO A close above the T-Line ™ implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control. Learn more about the T-Line – Click Here
The information in this email and Blog Post are notes to myself and should NOT be construed as financial or trading advice.
Investing and Trading involves significant financial risk. No communication should be construed as financial or trading advice. All information provided is for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.
http://hitandruncandlesticks.com Trading for Profit is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not tell or suggest which securities or currencies customers or subscriber should buy or sell. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here.
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