One of Today’s Featured Trade Ideas
ANTH/Long (Healthcare, Biotechnology) ANTH has been a featured trade idea in June and July. I am featuring it today because of how it’s coming out of a rounded bottom in a Doji continuation pattern or Doji sandwich, as it sometimes is called. ANTH is still about a dollar away from our first target.
I will be covering more on trade ideas in the trading room at 9:10 AM EDT today.
Click here to learn more
ANTH Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #23 Trading is probabilities.
SPY: The SPY met more weakness yesterday closing below the previous day’s close but also closing above the T-Line and the 50 SMA. The evening star of a few days ago is still in effect and still controlling the chart. It’s pretty clear that the buyers are struggling to close north of the recent resistant highs from December of last year. We plan to keep on plugging away trading chart patterns, candlesticks and selling into strength creating profits or covering into weakness if you’re short.
IWM: Sellers, buyers, sellers, buyers. The buyers need to clear $127.25 just to get traction to take on the recent high. Maybe yesterday’s bullish piercing candle can pull something out of its pocket and find the strength for follow-through today. If not, and we post another close below the big three, this could create more selling going into the weekend.
SMH: Was yesterday’s selling capitulation or was it the recipe for more selling to come?
IYT: Yesterday was a good but unsuccessful test of the bearish downtrend line. Can the Bulls do it?
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!
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 | |
| 7.22.15 | Long | BOPT above T-line | ||
| 7.21.15 | Long | BOPT above T-line | ||
| 7.20.15 | Long | BOPT above T-line | ||
| 7.17.15 | Long | BOPT above T-line | ||
| 7.16.15 | Long | BOPT above T-line | ||
| 7.15.15 | Long | BOPT above T-line/caution | ||
| 7.14.15 | Long | Stops protect/caution | ||
| 7.13.15 | Long | BOPT above T-line/caution | ||
| 7.9.15 | Long | BOPT above T-line | ||
| 6.23.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | Caution/BOPT above T-line | ||
| 6.12.15 | Long | flagging | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 5.21.15 | Long | Close doing nothing | ||
| 4.28.15 | Long | BOPT above T-line | ||
| 7.21.15 | Short | Flip this to a short | ||
| 7-8-14 | Long | LOL and that was some test |
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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