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
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 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.
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|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|
|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|
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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.
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Symbols from TC2000