Trade Ideas July 14, 2014

Today's Trade Idea

EXTR Long: (Technology Sector Communication Equipment) EXTR closed Friday with a Bullish Candlestick Morning Star pattern. Also, Friday's candle engulfed the big three and closed over the T-Line, not to mention it's also one of our rounded bottom breakout strategy plays with about 29% to the 200-day simple moving average.

My entry plan idea: To start a position below $4.38 and above $4.20
My stop plan: $4.14

Good Morning,
SPY: Friday ended the week very well for the Bulls complimenting Thursday’s candlestick. Friday closed back over the T-Line putting the short-term swing traders back in charge, and once again the Bulls maintained their overall bullish strength. Let's not get too complacent. The buyers still need to buy themselves a close above $197.15. A close over $197.15 should command a retest of the recent high of $198.29. For continued bullishness, we are looking for the next target of about $200.

Intraday Trading
Intraday trading is the opening and closing of a position in a security within the same trading day. There are, however, different schools of thought that you will come across that are contrary to this. Some sites state that intraday traders will hold positions open for more than one day. It is our belief and our practice that intraday trades open and close within minutes to hours in the same trading day.

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

Current Swing Trade Featured Trade Ideas- Gold & Silver Members Only: Become a Member---> Click Here

Symbols for members only Date Long/Short
DANG 7-11-2014 Long Buy on positive trading
CODE 7-9-2014 Long Needs a buy signal
AAPL 7-8-2014 Long Buy on positive trading
TSEM 7-7-2014 Long Buy on positive trading
SINA 6-26 Long Buy on positive trading
BWP 6-16-2014 Long Buy on positive trading, set stops
ZBB 6-4-2014 Long Close on weakness
IDIX 6-3-2014 Long Did you take your profits
KNDI 5-13-2014 Long Buy on positive trading, have stops
WPRT 5-6-2014

5-28-2014

Long Buy on positive trading
CONN 4-16-20146-17-2014 Long Watch for buysignal, set stops
ISR 4-14-2014 Watch for Doji signal
AT +8% 4-9-2014 Long Needs to be over T-Line
HK +38% 2-25-14 200sma Take profits

***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 over the T-Line ™ yesterday implies the bullish short-term swing traders are in control. But the candlestick was not impressive and the candlestick implies the sellers may take back control

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 buyers are in control

TLT: Theclose above the T-Line ™ Yesterday implies the bullish short-term swing traders are in control. Yesterday's candlestick implies the buyers are in control

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
Symbols from TC2000
AB
CTRX
DRE
ELY
EXTR
FLDM
GPK
IFON
JAKK
NCS
NIHD
RKUS
TNK
WLT

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