One of Today’s Swing Trade Ideas
FENG/Long (Internet content) FENG is in an overall Rounded Bottom Breakout pattern, currently presenting a bullish flag breakout or J-Hook pattern with a slight bullish cradle-look to it as well. Not to mention the double bottom. With the right energy and follow-through, FENG has about a 12% target.
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RENN up 39.7% * GEVO up 8.89% * OPK up 25.73%
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Good Morning,
SPY: There is still no real direction in the SPY or the overall market. Yesterday’s Doji close, which also presented a double bottom, closed between the 20 SMA and the 50 SMA, something we call the trap. The $64,000 question is which direction the trap will price finally breakout? Yesterday’s Doji does suggest indecision after the recent weeklong consolidation. Was yesterday’s Doji just a rest day before breaking down, or was it a trueindecision day before turning bullish? Price did close below the T-Line, which suggests the sellers are in control of the short-term swing trade.
IWM: All I ask of IWM is to close above $125.12, and that would show that the Bulls are ready to take on the April highs with an army of winners. Unless IWM can trump $125.12, the bears are still in control with the downtrend line.
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 | |
| 6.3.15 | Long | 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 | Careful getting near target | ||
| 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 / Caution | ||
| 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 | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | BOPT above T-line/Doji sand | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 3.30.15 | Long | Think profits | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 3.6.15 | Long | Profit taking | ||
| 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.
SMH: A close below the T-Line ™ implies the above short-term bearish 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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