One of Today’s Featured Trade Ideas

PBYI/Long (Healthcare)  In the PBYI chart, I see a bullish “W” pattern with a double bottom, a bullish hammer that rose to the occasion, followed by a flag and then a breakout of the 50 day simple moving average.  The big three are lined up very nicely.  PBYI is presenting a Hit-And-Run Candlestick favorite chart pattern.

I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.

PBYI Profits through education (Entry, Stop, Target)
Possible entry plan idea:   The buy zone $Members
Possible stop plan idea:   Below $Members
Risk Reward about ?:1 depending on entry/exit

Trading for Profit is the place you ought to be!
AMBA member’s trade idea on Sept. 2, up 24 %
ACI member’s trade idea on August 28, up 265 %
VXX member’s trade idea on August 28, up 66 %
UVXY member’s trade idea on August 19, up 203%
TZA member’s trade idea on August 6, up 37%
BTU member’s trade idea on August 20, up 54%
FTK  member’s trade idea on July 10, up 46%
ANAC member’s trade idea on July 10, up 56%
EXEL member’s trade idea on July 17, up 44%

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In the last 14 trading days, there are sectors and industries that have led the SPY. The top five industries are copper +18.73%, solar +17.59%, semiconductor +15.14%, aluminum +11.51% and computer distribution +10.48%.

SPY:   Here we are at the week everybody has been waiting for.  Are the feds going to speak out?  And the $64,000 question is:  “Are we going to get the quarter-point increase or not?  Then, of course, the $100,000  question is: “How will the market react?”  And that, ladies and gentlemen, is what we should be watching in the charts. I must admit the Bulls are doing a great job in the short-term pattern continuing to make higher lows.  We will know this week whether or not those bulls are still around.

Friday’s close was undoubtedly controlled by the Bulls, and it looks as if the morning futures are suggesting the Bulls may still be in charge.  Last week was just a lot of noise because we did not clear our $199.30 important target number. Perhaps we are going to see a retest in the next day or two.

IWM:   IWM’s high today will be over the 20-day simple moving average.  Can it hold?  Can the Bulls closes over $116.22?
SMH:  Recently, price could not handle the 50-day simple moving average.  We now have a Doji Bullish Engulf trying to launch off the T-Line.  This may become another attempt to crack the T-Line.
IYT:   50-day simple moving average test coming.
VXX:  The VIX has lost the T-Line and the 20-day simple moving average.  The pullback now is looking to fill the gap and perhaps test the 50-day simple moving average.

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!
Keep your eye on the inverse ETF’s They trade well!
Symbols from TC2000

To see all of today’s 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.

VXX S&P 500 VIX Short Term Futures:  A close above the T-Line ™ implies the bullish short-term swing traders are in control.  A close below the T-Line ™ implies the bearish short-term swing traders are in control.

Energy Sector: XLE, SX90, ERX, USO  A close above the T-Line ™  implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

SMH: A close above the  T-Line ™ implies the above short-term swing traders are in control. 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. A close below the T-Line ™ implies the bearish short-term 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. A close below the T-Line ™ implies the bearish short-term swing traders are in control.  Learn more about the T-Line – Click Here

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.