One of Today’s Featured Trade Ideas
BDSI/Long (Healthcare) BDSI has formed a double bottom with the last six trading days forming a bullish flag pattern and a bullish J-Hook breakout. BDSI is also A Rounded Bottom Breakout Pattern. BDSI has about 50% to the 200 SMA H&R Members can find the trading plan entry, stops, profit targets in the members area.
BDSI Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #9
Candlestick signals don’t have to confirm the very next day.
SPY: The weakness continued yesterday which was no surprise To the Members of Hit-And-Run Candlesticks which was based on the Chinese market and the fact that the SPY was still trying to form a bottom. Based on the morning futures today it looks as if the bulls are going to try to keep us in the construction near the 200sma area for possible bottom. If the buyers can manage to keep us closing above 204.11 there is a possibility of a bottom being built and then a run at some point to about 208.75 where I think we will need to reevaluate.
IWM: A bullish plan might be to see a successful close over 124.50 consolidate then take on 126.15
SMH: I wouldn’t take any bullish run serious unless we close over 55.50
IYT: A close over $148.50 would get my attention.
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!
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 | |
| 6.30.15 | Short | Short on weakness | ||
| 6.29.15 | Short | Short on weakness | ||
| 6.25.15 | Long | Possible double bottom | ||
| 6.23.15 | Long | BOPT | ||
| 6.22.15 | Long | Wait for buy signal | ||
| 6.17.15 | Long | BOPT above T-line | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 6.9.15 | Long | BOPT above T-line | ||
| 5.30.15 | Long | Wait for PBO/caution | ||
| 5.21.15 | Long | Caution | ||
| 4.28.15 | Long | Profit taking | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | Looking short |
VXX S&P 500 VIX Short Term Futures: A close above the T-Line ™ implies the bullish short-term swing traders are in control.
Energy Sector: XLE, SX90, ERX, USO A close below the T-Line ™ implies the bearish short-term swing traders are in control.
SMH: A close below the T-Line ™ implies the bearish short-term swing traders are in control.
IYT: A close below the T-Line ™ implies the above short-term bearish 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.
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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