One of Today’s Swing Trade Ideas
MBLY/Long (Software) Yesterday in the trading room many of us picked up MBLY as it was forming a Bullish Engulf. MBLY is now above what once was resistance (the 48.30 area) now on its way to take on , See MBLY trading plan
MBLY Trading Plan (Entry, Stop, Target) Click Here
Possible entry plan idea:
Possible stop plan idea:
Possible target area:
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Good Morning,
SPY: It’s all about the Fed today! Yesterday the SPY closed over the T-Line which now suggest a short-term bullish swing traders are in charge, the SPY could still find itself in trouble with all the overhead resistance in the chart. As of the close yesterday even though it’s above the T-Line it still close below the big three and the SPY has yet to overcome its lower high problem. A close over 210.52 would be a good start to take on the 63 day linear regression line.
IWM: IWM had a great day yesterday closing at 126.42 just slightly below are horizontal resistance line. IWM has quite successfully produced higher lows, a close over 126.70 would put IWM in a very good position.
SMH: Still has not closed over the T-Line but also seems that it’s found support, a close over 57.60 would put SMH over the T-Line and show that the Bulls are starting to mean business.
IYT: The transports act like they’re running down the road on for flat tires, the sellers continue to control that dog. IYT needs to close over 152.50 and then this dog may hunt.
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 | |
| 6.17.15 | Long | BOPT above T-line | ||
| 6.16.15 | Long | BOPT above T-line | ||
| 6.15.15 | Short | Short on weakness | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11.15 | Long | BOPT above T-line/ took profits | ||
| 6.10.15 | Long | BOPT above T-line | ||
| 6.9.15 | Long | BOPT above T-line | ||
| 6.8.15 | Short | Short on weakness | ||
| 6.3.15 | Long | Wait for pbo | ||
| 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/caution | ||
| 5.20.15 | Long | BOPT above T-line | ||
| 5.19.15 | Long | BOPT above T-line / Caution | ||
| 5.13.15 | Long | Close | ||
| 5.6.15 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Keep on watch list | ||
| 4.22.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | AAPL still 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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