One of Today’s Featured Trade Ideas

WTW/Long (Personal services)  In the WTW chart,  I see a bullish kicker that gapped over the 20-day SMA and the T-Line after printing a bullish “W” pattern back in July and August (daily chart).  On the weekly chart, I see a bullish cradle pattern followed by a bullish T-Line run and a bull flag.
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.

WTW Profits through education Sept. 16
Possible entry plan idea:   The buy zone $ Members
Possible stop plan idea:   Below $Members
Risk Reward 5.7:1 depending on entry/exit/Stop

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 70%
EXEL member’s trade idea on July 17, up 44%

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***One of the member’s trade ideas yesterday WTW + 13.94%.

SPY:  The SPY has yet to see the bullish side of the $199.30 resistance area and until that resistance area becomes support, the Bulls are trapped and can’t go to the next resistance area.  The Bulls have managed to post higher lows but has yet to move the sellers out of their way.  The current chart pattern is suggesting a run to the 50-day simple moving average providing the market is happy with Thursday’s Fed announcement.

IWM:   IWM needs to close over $116.22, and with a positive outcome on Thursdays Fed announcement, IWM will likely see the 50-day simple moving average.
SMH:  SMH closing over the 50-day simple moving average yesterday was a positive sign that the buyers are winding up.  The inverse head and shoulders chart pattern that is forming is also a good sign for the chart.  Unfortunately, the Fed announcement could be bigger, and if it’s negative, the SMH bullish chart pattern could turn and fail.
IYT:   The transports ETF closed above the 50-day simple moving average yesterday and is currently testing the bearish downtrend line.
VXX:   Not quite as much fear in the chart pattern as there has been with the 9.79% drop yesterday.  Keep in mind that this drop could be headed to support, and until it breaks down through support, this could yet be a Bullish chart.

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.