One of Today’s Swing Trade Ideas
SSE/Long (Energy sector) SSE is still working with the Rounded Bottom Breakout strategy trying to form a bullish flag breakout. Note that the oil futures are looking pretty good this morning. USO and UWTI are looking like Doji Sandwich patterns (bullish continuation).
SSE Trading Plan (Entry, Stop, Target) Click Here
A Trading Room Team Working Together:
GPRO up 19.19% * RTTX up 18.53% * AVEO up 8.57%
In the trading room we teach you how to find’em and trade’em.
Start right here CLICK HERE
Join us in the Trading Room for the morning commentary on all of the members’ trade ideas at 9:10 AM EDT. Click Here
Good Morning,
SPY: The one hour and four hour charts has broken down to very concerning levels and has formed a bearish head and shoulders pattern. The two and for our chart is showing a clear bearish “h” pattern. Internally the SPY is starting to break down, and on the daily chart, the most leading indicator there is “PRICE” has once again closed under the T-Line. SMH (Semiconductor’s) is one of the few market areas that has been bullish andcarrying the overall market. Yesterday’s bearish engulf is a sign that we’re likely to see a little consolidation and possibly more. IYT (transports) continues to show weakness. Even though yesterday’s candle was controlled by the buyers, we still need to see those buyers put a plan together.
IWM: All in all, IWM fared pretty well yesterday, just not enough to show that the buyers were in charge. Even with the long tail yesterday, the buyers could not close IWM over the downtrend line. As traders, we bend rules quite often, but this is one rule that cannot be bent: If the buyers cannot clear the bearish downtrend line, it means there are still too many bears running around.
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 | |
| 5.30.15 | Long | BOPT above T-line | ||
| 5.29.15 | Long | BOPT above T-line | ||
| 5-28.15 | Long | BOPT above T-line | ||
| 5.21.15 | Long | BOPT above T-line | ||
| 5.20.15 | Long | BOPT above T-line | ||
| 5.19.15 | Long | BOPT above T-line | ||
| 5.13.15 | Long | BOPT above T-line | ||
| 5.6.15 | Long | BOPT above T-line | ||
| 5.4.15 | Long | Caution | ||
| 4.28.15 | Long | BOPT above T-line | ||
| 4.23.15 | Long | BOPT above T-line | ||
| 4.22.15 | Long | BOPT above T-line | ||
| 4.14.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | BOPT above T-line/Doji sand | ||
| 4.10.15 | Long | Watch the 50sma for buy signal | ||
| 3.30.15 | Long | Think profits | ||
| 3.24.15 | Long | Profit taking | ||
| 3.6.15 | Long | Profit taking | ||
| 1.22.15 | Long | close | ||
| 7-8-14 | Long | No real trade right now |
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.
TBT: A close above 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.
Comments are closed.