One of Today’s Featured Trade Ideas

HRTX/Long (Healthcare) This chart is showing positive overall strength in the face of recent market weakness.  HRTX is also showing a mini cup with a flag handle. The weekly chart is suggesting a doji continuation pattern.

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

HRTX Profits through education (Entry, Stop, Target)
Possible entry plan idea:   The buy zone
Possible stop plan idea:
Risk Reward about 4:1 depending on your entry

Trading for Profit is the place you ought to be!
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%
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%

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SPY:   It looks like we are headed for another relief rally with the SPY and the market gapping up this morning. I say “relief” because the sellers control the trend based on the relationship between price and the direction of the moving averages.  The SPY needs to close over $199.30 to show positive trading above a constructed base.  For the trader, there are plenty of charts that look bullish for 10-20-30% moves in the near future.

IWM:   The Bulls need to challenge and close above 115.65
SMH:  The Bulls need to challenge and close above 49.80
IYT:   The Bulls need to challenge and close above 142.20
VXX:  The close Friday suggest fear is still in the market, clearly the VXX will be down today, but over all VXX is still 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.