One of Today’s Swing Trade Ideas
MX/Long (Semiconductors) MX has been on a bullish T-Line run for 24 days. The past five days, price has gently pulled back to the T-Line all holding inside the June 4 candle. The chart pattern is forming a flag PBO pullback ready to curve up and create a bullish J-Hook pattern.
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Possible entry plan idea:
Possible stop plan idea:
Possible target area:
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Good Morning,
SPY: Yesterday the SPY closed with a Doji above our trend lines. I wouldn’t be at all surprised to see a little consolidation during today’s trading. A close over yesterday’s Doji would create a Doji sandwich continuation pattern which would be a very bullish sign. Of course, a close back below ourtrend lines would tell us that the sellers are still close by.
IWM: IWM had a Doji day still closing below our $126.49 resistance line. I will consider any consolidation between the T-Line and $126 49 as bullish consolidation primed to break out. Any close below the T-Line puts the sellers back in control.
SMH: Just a consolidation for SMH yesterday trying to form a reversal chart pattern. SMH needs to climb over $58 to show its bullish strength.
IYT: Under $151.90, IYT is trying to construct a reversible bottom. Over $151.90, the Bulls would have a chance at capturing the 200 SMA.
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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!
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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 | |
| 6.11.15 | Long | BOPT above T-line | ||
| 6.10.15 | Long | BOPT above T-line | ||
| 6.9.15 | Long | Adjust stop/protect profits | ||
| 6.8.15 | Short | Short on weakness | ||
| 6.4.15 | Short | Close for now | ||
| 6.3.15 | Long | Target hit BOPT above T-line | ||
| 6.2.15 | Long | BOPT above T-line | ||
| 6.1.15 | Long | BOPT above T-line | ||
| 5.30.15 | Long | BOPT above T-line | ||
| 5.29.15 | Long | Target hit!/take your profits | ||
| 5-28.15 | Long | BOPT above T-line | ||
| 5.21.15 | Long | BOPT above T-line | ||
| 5.20.15 | Long | Pulling back caution | ||
| 5.19.15 | Long | BOPT above T-line / Caution | ||
| 5.13.15 | Long | BOPT above T-line | ||
| 5.6.15 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Keep on watch list | ||
| 4.22.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | AAPL starting to look weak |
VXX S&P 500 VIX Short Term Futures: A close below the T-Line ™ implies the bearish 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 below the T-Line ™ implies the bearish 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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