One of Today’s Featured Trade Ideas
TZA/Long (Small Cap 3xBear) TZA is lifting off the bottom currently trying to form a bullish J-Hook pattern. A close over the 50-day simple moving average would make it a Rounded Bottom Breakout pattern.
TZA Trading Plan (Entry, Stop, Target) Click Here
Good Morning,
SPY: The SPY remains under pressure as it continues to trade below the big three moving averages, 20 SMA, 34 EMA and 50 SMA. The sellers have been able to keep control of the price and forcing it down below the T-Line. Last week, price did see a bounce off the 200 SMA, but as we mentioned, the bounce would be merely a relief bounce. The SPY has been painting a sellers’ top from late February, and is now back below last year’s close. Defending the recent low will be very important for the buyers.
IWM: The bear flag on IWM has broken down which continues to show weakness as it’s below the big three and the T-Line, and it now takes the shape of a bearish “h” pattern.
SMH: SMH has had a rough month struggling to hold the 200-day simple moving average and forming a bearish flag.
IYT: IYT continues to show weakness. The past eight bars have formed a bearish flag.
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!
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 | |
| 6.30.15 | Short | Short on weakness | ||
| 6.29.15 | Short | Short on weakness | ||
| 6.25.15 | Long | BOPT above T-line | ||
| 6.24.15 | Long | Wait for buy signal | ||
| 6.23.15 | Long | Wait for buy signal | ||
| 6.22.15 | Long | Wait for buy signal | ||
| 6.17.15 | Long | BOPT above T-line | ||
| 6.16.15 | Long | Close | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11/7.1 | Long | BOPT above T-line | ||
| 6.10.15 | Long | Close or manage | ||
| 6.9.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | wait for PBO | ||
| 5.30.15 | Long | Wait for PBO | ||
| 5.29.15 | Long | BOPT above T-line | ||
| 5.21.15 | Long | caution | ||
| 5.20.15 | Long | Close on weakness | ||
| 5.19.15 | Long | Caution | ||
| 4.28.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | Hit Target! | ||
| 7-8-14 | Long | Looking short |
VXX S&P 500 VIX Short Term Futures: A close above the T-Line ™ implies the bullish 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 below the T-Line ™ implies the above short-term bearish 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.
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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