One of Today’s Swing Trade Ideas
TSRO/short (Biotechnology industry) The weekly chart on TSRO has formed a bearish evening star followed by a bear flag with a failed high on another evening star signal. The daily chart is producing a blue ice failure.
TSRO Trading Plan (Entry, Stop, Target) Click Here
Possible entry plan idea:
Possible stop plan idea:
Possible target area:
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DSKY up 27,05% * NPTN up 38.65% * ATEN up 29.48%
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Good Morning,
SPY: For the past four weeks, the sellers have controlled the market, and you can see this by looking at a weekly chart of the SPY. Four weeks ago, the SPY printed a bearish Shooting Star followed by selling confirmation each of the following three weeks. We did see a relief rally last week that ended up with a failed ShootingStar at the 20 SMA that pushed price back below the supporting trend line and the 50 SMA. We can find — and we do it every day — bullish charts to trade in the trading room, but right now going into the fifth week, the sellers are in control.
IWM: The IWM index has held up quite well; it just simply has not been able to create enough energy to break through $126.50. If you take a look at a weekly chart, you can see a bear flag that needs to break above $126.50 to cancel the bear flag.
SMH: SMH is under pressure bullishly supported by the 50 SMA and bearish rejection of the 20 SMA. Currently, SMH is forming a dreaded “h” formation.
IYT: IYT has been trending down the past 13 weeks and gave a clue 30 weeks ago. As of Friday, the sellers still outnumber the buyers.
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!
Members 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 | |
| 6.12.15 | Long | BOPT above T-line | ||
| 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 | Watch for PBO | ||
| 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 /caution | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | Close for now | ||
| 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 above the T-Line ™ implies the above short-term bullish 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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