Trade Ideas July 11, 2014

Today's Trade Idea

DANG Long: (Consumer Cyclical Sector Specialty Retail) DANG has formed a double bottom on the 50 SMA and 200 SMA, closing yesterday with a Bullish Engulf after a multiple-bar pullback. With bullish follow-through and fairly decent market conditions, I'm looking for a 15% to 25% target.

My entry plan idea: Will buy a partial on an inside day
My stop plan: A close below the 200 SMA

Good Morning,
It's Friday!!
SPY: Yesterday’s finished candlestick implies that the buyers are still in the building. Remember Rule #9, "candlesticks do not have to confirm the very next day"; however, they do need to confirm an implied bullish reversal. I think I'll be adding that to our trading rulebook.

Closing under the T-Line Implies, or at least it does from my personal trading, that the sellers are still in control of the short-term swing trade. If the buyers can push price above the T-Line, the buyers would be in control at that point. A close above the T-Line would imply that the buyers are now in control of the short-term swing trade.

For the week, the sellers have certainly won the battle, but overall from the first of the year the Bulls have won the war. Both the Bulls and the Bears will be scrambling to reach their goals. I suspect the Bulls would like to see $200 on the SPY chart while the bears would like to see about $192.65. Follow the chart and it will help you trade in the correct direction. $197.15 on the spy will give us a clue.

This Week's Economic Calendar---> Click Here

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Symbols for members only Date Long/Short
7-9-2014 Long Watch the T-Line
7-8-2014 Long Buy on positive trading
7-7-2014 Long Buy on positive trading
6-26 Long Buy on positive trading
6-16-2014 Long Buy on positive trading, have stops
6-4-2014 Long Close on weakness
6-3-2014 Long Did you take your profits
5-13-2014 Long Buy on positive trading, have stops
5-6-2014

5-28-2014

Long Buy on positive trading
4-16-20146-17-2014 Long Watch for buysignal, have stops
4-14-2014 Watch for Doji signal
+8% 4-9-2014 Long Needs to be over T-Line
+38% 2-25-14 200sma Trade over T-Line

***Members see the ticker symbols ---> Become a Member Click Here


VXX S&P 500 VIX Short Term Futures: The close over the T-Line ™ yesterday implies the bullish short-term swing traders are in control.

USO United States Oil Fund: The close under the T-Line ™ Yesterday implies the bearish short-term swing traders are in control. Yesterday's candlestick implies the buyers may be looking for a reversal

GDX Gold Miners ETF: The close above the T-Line ™ Yesterday implies the bullish short-term swing traders are in control. Yesterday's candlestick implies the sellers may be looking for a reversal

TLT: The close above the T-Line ™ Yesterday implies the bullish short-term swing traders are in control. Yesterday's candlestick implies the sellers may be looking for a reversal

The above are just my thoughts to myself just thought I would share with everyone.

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.

— Rick


Members Trade Ideas - Members Only
July 11, 2014
Symbols from TC2000

  • AAPL
  • ATHN
  • BSAC
  • CBD
  • CTRL
  • DANG
  • DARA
  • EVRY
  • HALO
  • NTLS
  • OLED
  • TSM

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