One of Today’s Featured Trade Ideas
FSC/Long (Credit services) After forming a double bottom, there was a gap (a form of a bull kicker) followed by flag consolidation. The chart is poised to become a Hit-And-Run Candlestick Rounded Bottom Breakout.
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
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FSC Trading Plan (Entry, Stop, Target) Member Login
SPY: Every now and then I take a look at charts with indicators on it such as TSV, OBV, balance of power, and I like to use linear regression lines such as the 100, 63, 42, 20 and less for different projects. When studying the charts, you can clearly see there is a bearish bias with a slight slant to the dark side. This doesn’t mean we can’t find or trade bullish charts; it simply means we have to trade them a little different. Such as a smaller position, taking profits a little faster, and when in doubt, grab your profits and run or take the small loss and run.
We have seen some great profits in a few of our members’ trade ideas. Such as TZA up 12%, ANAC up 66%, or EXEL up 52%, or how about ABMD up 46%, and then there’s W and FTK up 37% and we’ll stop at MX and WWE, both up 18%.
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IWM: Continue to stay on the short side of IWM. Did you know that 540 stocks out of the Russell 1000, the 20-simple moving average is below the 50-simple moving average? Who’s your friend?
SMH: Still controlled by the sellers, but the past three weeks, the buyers are trying to paint a bottom.
IYT: Hanging in there just above support; one wrong slip and IYT will be looking for new support.
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
Keep your eye on the inverse ETF’s They trade well!
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 | |
| 8.13.15 | Long | Buy on T-Lin Run | ||
| 8.11.15 | Long | BOPT above T-line | ||
| 8.6.15 | Long | BOPT above T-line | ||
| 7.29.15 | Long | Buy on T-Lin Run | ||
| 7.28.15 | Long | BOPT above T-line | ||
| 7.26.15 | Long | Caution stops? | ||
| 7.21.15 | Long | BOPT above T-line | ||
| 7.20.15 | Long | Buy on T-Lin Run | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | Caution stops? | ||
| 7.14.15 | Long | Buy on T-Lin Run | ||
| 7.13.15 | Long | Caution stops? Close on weakness | ||
| 6.23.15 | Long | Caution stops? Close on weakness | ||
| 6.17.15 | Long | Caution stops? | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Setting up | ||
| 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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