One of Today’s Featured Trade Ideas
VMC/Short (Building materials) VMC has been in a downtrend for about a month now with a failed top last week. I see a bearish “h” pattern forming with a bearish Doji continuation pattern trying to present itself.
VMC Trading Plan (Entry, Stop, Target) Click Here
From the “Members Featured Trade Ideas”
SHLD short down .57%% Friday and down 30.98% overall
AOI up 3.11% yesterday and up 45% overall
NES up 5.99% yesterday and 31.42% overall
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Good Morning,
SPY: The SPY has formed a bearish “M” pattern and a Bearish “h” pattern closing below the big three, and the 20-day simple moving average is below the 50-day simple moving average. Futures are looking a little bleak this morning as it appears that we’re going to see a gap down today. The next logical target is going to be around the 200-simple moving average. Last week in the trading room, I mentioned to all of the Hit-And-Run Candlestick members that I was starting to close positions and put myself in a protective mode. As you can see, that was a good decision based on what I see in the morning futures and the news on Greece.
IWM: IWM has been acting bullish, in fact, I believe it’s IWM that has kept the Bulls going. Friday we tested a support area and passed, while it looks like this morning, we’re going to dip below the support area.
IWM has managed to hold its bullish breakout status in the consolidation of the last two days and has managed to hold above the T-Line. Keep up the good work, IWM. A close below the daily T-Line and we are very likely to see $126.00 tested.
SMH: SMH got clobbered Friday, and it looks like it’s running toward the 200-day simple moving average. This is where we will reevaluate this bearish chart.
If SMH closes below $57.55, then I believe the 100 SMA or about $56.55 is likely to be tested.
IYT: The Transports continue to travel down. The track is headed toward $144, and it may also have a few stops after that, but we’ll take that one day at a time. I’ve been pretty hard on IYT the last few weeks, and I’ve had traders disagree with me on certain days. Here is what I continue to say: “One bullish candle does not make a change. Candlestick patterns, whether it be one signal or multiple candle formations, requires confirmation.”
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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!
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 | |
| 6.25.15 | Long | BOPT above T-line | ||
| 6.24.15 | Long | Wait for PBO | ||
| 6.23.15 | Long | BOPT above T-line | ||
| 6.22.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | BOPT above T-line | ||
| 6.16.15 | Long | Watch for PBO | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11.15 | Long | Caution needs support | ||
| 6.10.15 | Long | Close or manage | ||
| 6.9.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | Watch for PBO | ||
| 6.1.15 | Long | Caution close on weakness | ||
| 5.30.15 | Long | BOPT above T-line, needs buyers | ||
| 5.29.15 | Long | BOPT | ||
| 5.21.15 | Long | BOPT above T-line | ||
| 5.20.15 | Long | BOPT above T-line | ||
| 5.19.15 | Long | Caution | ||
| 5.6.15 | Long | Caution | ||
| 4.28.15 | Long | BOPT above T-line | ||
| 4.22.15 | Long | Take Profits! | ||
| 4.13.15 | Long | Profit taking here | ||
| 6.3.15 | Long | Hit Target! | ||
| 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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