One of Today’s Featured Trade Ideas

DO/Long (Energy)   DO was a members’ only featured trade idea last week.  Now I’m making it a featured trade idea for you.  The recent double bottom has had bullish follow-through that pushed price and the close last week above the 50-day simple moving average.  DO is currently painting one of the most popular and profitable chart patterns that Hit-And-Run Candlesticks has to offer.

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

DO Trading Plan  (Entry, Stop, Target)  Members Only
Possible entry plan idea:   The buy box zone
Possible stop plan idea:   Stop below
Possible  targets:  Risk Reward

Why should I be in the H&R Trading Room?
ACI member’s trade idea on August 28, up 221% %
UVXY member’s trade idea on August 19, up 144%
BTU member’s trade idea on August 20, up 54%
FTK  member’s trade idea on July 10, up 40%
Not to mention the education you receive!

For only $21.22 a week.  Learn and Earn at the same time!
Learn & Earn starts today – Click Here

SPY:   It is no surprise that the SPY had a nice rally last week, largely because of how fast it went to an oversold condition.  This scenario usually gives us money-making relief rallies or what some traders call a “dead cat bounce.”  Another reason that the relief rally was successful is because it was not contested or challenged by sellers; in other words, the sellers didn’t care about the relief rally.  Now that the rally has made its way up into resistance and where the sellers are hanging out, it might not be so easy for the Bulls.  Keep your eye on price action using candlesticks, listen to what they tell you and trade what you see and you hear.

The T-Line is a registered Trade Mark of Rick Saddler/Hit & Run Candlesticks/Trading for Profit.

IWM:   IWM successfully closed above the T-Line Friday. The true test on the chart pattern will be how the buyers interact with the sellers now that the buyers are approaching the sellers or the resistance area.

SMH:   SMH has had a pretty nice run the last few days, and it’s easy to be bullish when you’ve got no one standing in your way.  Right now the bears are all hanging out around $50.85.

IYT:  Now that IYT is approaching resistance, we will soon see if the transports have their engines tuned 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!
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.