One of Today’s Featured Trade Ideas
OSK/Long (Truck Manufacturing) OSK is what we call a Pinball setup/strategy. After an extended downtrend, OSK printed a hammer on July 7 followed by the next three days consolidating within the hammer. Then yesterday, the Bulls showed their presence closing above the T-Line. We bought OSK yesterday near the close at $41.70, and our plan is about a 10% profit.
OSK Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #14 – Trade the chart, not the news commentators.
SPY: The Bulls performed well yesterday gapping over $208.27 and closing at $209.77, which is also above the 20-day and 100-day simple moving averages. Unfortunately, the big daddy 50-day simple moving average still lies overhead along with a mountain of resistance. Yesterday was a great day in the trading room for profits, such as VLTC. Our current position on VLTC is up 8.4%. Stay cautious on the market; although the Bulls are doing a great job at the moment, there is still a tremendous amount of resistance to go through, and unless there is some fantastic news, we are in an area of probable consolidation.
IWM: Go IWM! Closing back over the 50-day simple moving average was a real feather in the cap for IWM. Let’s watch for consolidation, minor profit taking, and then act on a reversal bullish candle. This could be a sweet set up; just remember a weak candle pattern or a failure of positive follow-through will add fuel to the recent downtrend.
SMH: Unfortunately, SMH seems to be holding us back, and without positive trading above the T-Line, SMH will be a drag.
IYT: IYT acted and closed very well yesterday, up to resistance and stopped. It’s a start, but we still need to see bullish activity and follow-through. The overall trend for IYT is still down.
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 | |
| 7.13.15 | Long | BOPT above T-line | ||
| 7.9.15 | Long | BOPT above T-line | ||
| 6.30.15 | Short | Short still working | ||
| 6.25.15 | Long | BOPT above T-line | ||
| 6.23.15 | Long | BOPT above T-line | ||
| 6.22.15 | Long | Close | ||
| 6.17.15 | Long | BOPT above T-line | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 6.9.15 | Long | BOPT above T-line | ||
| 5.30.15 | Long | Caution | ||
| 5.21.15 | Long | BOPT above T-line | ||
| 4.28.15 | Long | Close for now | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | Caution no trade |
VXX S&P 500 VIX Short Term Futures: A close below the T-Line ™ implies the bearish short-term swing traders are in control.
Energy Sector: XLE, SX90, ERX, USO A close below the T-Line ™ implies the bearish short-term swing traders are in control.
SMH: 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.
US Dollar Index: UUP, DXYO A close below the T-Line ™ implies the bearish short-term swing traders are in control.
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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