One of Today’s Featured Trade Ideas
AAPL/Short (Technology) AAPL has showed weakness for the last three weeks or so and continues to show weakness. Many members of Hit-And-Run Candlesticks have been short, and it still looks like a short trade that will continue south. I have a target area of about $105 – $100. We had plans that if Apple was to bounce up into the 200-day simple moving average area, we would probably add to our short. Unfortunately, the sellers wouldn’t allow price to get near the 200 SMA fence.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
Something to think about — A snippet taken from a soon-to-be-released
eBook prepared by Rick Saddler
- How much capital do you have for trading, and how much of that capital will you commit to any one trade?
AAPL Trading Plan (Entry, Stop, Target) Click Here
SPY: There is no doubt over the past several weeks that the sellers have had control of the SPY. It has been obvious and very visual on the chart. If you have any doubts, check us out in our trading room. I would be more than happy to explain in detail what just can’t be put in print.
The big question today will most likely be: “Will the SPY find support above the 200-day simple moving average?” And I wish I could give you a definitive answer on that. Here are a few things I see that are pretty basic — price action and the T-Line closed yesterday and likely to close today below the big three and also below the 30-day linear regression line. We have a series of lower highs, but then again, we also have rising lows, and that will be canceled out by the southern sloping 50-day simple moving average.
IWM: IWM has given way to the daily 200-day simple moving average and is very close to giving way to the weekly 50-day simple moving average. With a series of lower highs and the price action and the T-Line running south below the big three, the 20-day simple moving average breaking trail for the 50-SMA just screams of caution if you are bound and determined to be long. I can’t really find anything positive to say about the IWM unless you’re a seller.
SMH: SMH is desperately trying to build a bottom. Unfortunately, it may be a wasted effort. Somewhere in the $49 area looks a little better for support, but right now, I even have my doubts on that.
IYT: If the Transports give way to $146.85, then the suggestion would be that the buyers are giving up and the sellers are waking up.
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!
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.
| Members only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 8.11.15 | Long | BOPT above T-line | ||
| 8.10.15 | Long | Close for now | ||
| 8.6.15 | Long | Set stops | ||
| 7.30.15 | Long | Stops should have protected | ||
| 7.29.15 | Long | Set stops/protect profits | ||
| 7.28.15 | Long | BOPT above T-line | ||
| 7.26.15 | Long | Caution stops? | ||
| 7.21.15 | Long | Caution stops? | ||
| 7.20.15 | Long | Protect profits | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | Caution stops? | ||
| 7.14.15 | Long | BOPT above T-line | ||
| 7.13.15 | Long | Caution stops? | ||
| 6.23.15 | Long | Caution stops? | ||
| 6.17.15 | Long | Caution stops? | ||
| 6.12.15 | Long | Caution stops? | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 4.28.15 | Long | BOPT above T-line | ||
| 7.21.15 | Short | Short working | ||
| 7-8-14 | Long | Short working |
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.
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