One of Today’s Featured Trade Ideas
CERS/Long ( Biotechnology ) CERS posted a Doji followed by a small gap closing above the downtrend line. About three weeks ago, CERS presented a double bottom accompanied with a bullish piercing candle followed by a bullish T-Line run until consolidation.
CERS Trading Plan (Entry, Stop, Target) Click Here
Possible entry plan idea: The buy box
Possible stop plan idea: A close below
Possible target area:
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SRNE up 18.45% * SSNI up 7.03% * ADHD up 32.04%
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SPY: The $213.50 resistance area is proving difficult for the SPY while overall the buyers continue to outnumber the sellers. Price continues to lead with yesterday’s close over the T-Line and the big three while forming a Doji. The big three have run together with the 20 SMA still above the 50 SMA. Combining the Doji and the moving average placement would suggest the chart knows something. The buyers need to keep price above $210.90 and above $212.65 would be an attempt to take on the $213.50 resistance area.
IWM: We applaud IWM for the bullish encouragement. IWM has had a nine-day bullish T-Line run that has led them to new highs closing yesterday at $128.74. A clearing of $129.10 could lead to $130.00, and looking at the daily chart, you can see that price has pulled away from the T-Line, maybe a little too far, and we could see consolidation coming soon.
SMH: SMH is painting a nice little bullish trend. The candlestick signals of the last three days are suggesting another Doji sandwich continuation pattern trying to take on the $58.80 area.
IYT: IYT is chugging along trying to scrap its way through resistance and to reach the $154.15 area.
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 | |
| 6.23.15 | Long | BOPT above T-line | ||
| 6.22.15 | Long | BOPT above T-line | ||
| 6.17.15 | Long | BOPT above T-line | ||
| 6.16.15 | Long | BOPT above T-line | ||
| 6.12.15 | Long | BOPT above T-line | ||
| 6.11.15 | Long | BOPT above T-line | ||
| 6.10.15 | Long | Close or manage | ||
| 6.9.15 | Long | BOPT above T-line | ||
| 6.3.15 | Long | Watch for PBO | ||
| 6.2.15 | Long | BOPT above T-line | ||
| 6.1.15 | Long | BOPT above T-line | ||
| 5.30.15 | Long | BOPT above T-line | ||
| 5.29.15 | Long | Watch for PBO | ||
| 5.21.15 | Long | BOPT above T-line | ||
| 5.20.15 | Long | BOPT above T-line | ||
| 5.19.15 | Long | BOPT above T-line /Caution | ||
| 5.13.15 | Long | Wait for pattern/caution | ||
| 5.6.15 | Long | BOPT above T-line | ||
| 4.28.15 | Long | No trade | ||
| 4.22.15 | Long | BOPT above T-line | ||
| 4.13.15 | Long | Profit taking here | ||
| 6.3.15 | Long | BOPT above T-line | ||
| 7-8-14 | Long | AAPL still 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 above the T-Line ™ implies the bullish 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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