One of Today’s Featured Trade Ideas

AMBA/Short (Semiconductor) AMBA Has failed the T-Line and the 100 SMA trying to form a bearish “h” pattern with a evening star at the failure point.  This chart started having real trouble mid-June and started to collapse late July. As you can see AMBA is gapping down this morning, the purpose of this featured trade idea is for you to manage the trade based on your entry which may not be today. All trades require a solid education and a knowledge of how to enter exit protect and manage.

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

September 3 and fourth there will not be a morning email or daily stock picks.  We will pick everything back up on Tuesday September 9.

AMBA Profits through education (Entry, Stop, Target)
Possible entry plan idea:   The Short zone on a relief rally
Possible stop plan idea:   Stop just above resistance and you entry
Risk Reward about 5:1 depending on your entry

The list keeps on growing!  Are you?
Why should I be in the H&R Trading Room?
ACI member’s trade idea on August 28, up 265 %
UVXY member’s trade idea on August 19, up 161%
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%
VXX  member’s trade idea on August 21, up 52%
ANAC member’s trade idea on July 10, up 56%
EXEL member’s trade idea on July 17, up 44%

Not to mention the education you receive!

For only $21.22 a week.  Learn and Earn at the same time!
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SPY:   There are positive trades to be made bullish and bearish, we do it every day Here at Hit-And-Run Candlesticks And Right Way Options.  By simply following a few basic rules you to could see profits or even more profits than you already have.

The charts I follow the most are the daily, 2 hour, 4 hour, weekly, and those charts are not suggesting anything bullish at the moment on the spy other than little bullish relief rally’s.  The charts do suggest that the sellers currently have control.  One of the most basic rules in trading is to look at the recent lows and highs to determine the trend, as I look at the charts I mentioned above the predominate pattern is lower highs and lower lows.  What does that tell you?  I know what it tells me.
If there are any Bulls on the spy their job right now is to close over 199.84 if they can’t do that the bears are still winning.

Be careful trying to pick charts that you think are in a bottom, At Hit-And-Run Candlesticks we believe the best trading is when a stock is in a trend.

IWM:   The Bulls need to challenge and close above 115.98 before the sellers can close below 108.26
SMH:  Over 150.52 would give the Bulls one flag, many many more to go
IYT:   142.73 is currently resistance
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

———-Short

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.