Trade Ideas July 16, 2014

Today's Trade Idea

IMOS Long: (Technology Sector Semiconductor Equipment and Materials) IMOS recently went through a trend reboot and has now pulled back, and price has bounced off the 50-day moving average. You can see the hammer and Bullish Engulf from last week with follow-through and yesterday closing over the T-Line and the 20-day period moving average. I'm looking for 7% to 15% and possibly on to the $30 range. With a target price of about $4.75 or about 50%, this makes IMOS a chart worth looking at. IMOS has been forming a bottom from mid-May and has made a double bottom with a small Bullish Engulf followed by a gap and strong bullish candle yesterday that engulfs the big three with a rounded bottom breakout.

My entry plan idea: I am looking to start a position below $25.12.
My stop plan: A close below $24.25.

Good Morning,
SPY: Once again the Bulls kept us on the bullish side of the T-Line. The Bulls definitely lost their way in the early trading of yesterday following all the way to the 200-period moving average on the 30-minute chart, bouncing to the penny off of the 200-period moving average with a bullish Harami and then rallied back up to close above the T-Line on the daily chart.

Now the daily chart is starting to look like a possible J-Hook breakout as it approaches the recent high. Please take note of the small candlestick belthold pattern that has thus far shown follow-through.

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Symbols for members only Date Long/Short
CSUN 7-15-2014 LONG Buy on positive trading
EXTR 7-14-2014 Long Buy on positive trading
DANG 7-11-2014 Long Buy on positive trading
CODE 7-9-2014 Long Buy on positive trading
AAPL 7-8-2014 Long Buy on positive trading
TSEM 7-7-2014 Long Needs buy signal
SINA 6-26 Long Buy on positive trading
BWP 6-16-2014 Long Needs buy signal
ZBB 6-4-2014 Long Buy on positive trading
IDIX 6-3-2014 Long Did you take your profits
KNDI 5-13-2014 Long Buy on positive trading, be a profit trader
WPRT 5-6-2014
5-28-2014
Long Consolidation in progress
ISR 4-14-2014 Needs a buysignal
AT +8% 4-9-2014 Long Profit taking under way
HK +38% 2-25-14 200sma Take profits

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VXX S&P 500 VIX Short Term Futures: Yesterdaysclose below the T-Line ™ implies the bearish short-term swing traders are in control, yesterday's candlestick implies the bull may take a run at it

USO United States Oil Fund: Yesterdaysclose below the T-Line ™ implies the bearish short-term swing traders are in control. The doji hammer implies the sellers may be drying up.

GDX Gold Miners ETF: Yesterdaysclose below the T-Line ™ implies the bearish short-term swing traders are in control. Yesterday's candlestick agrees

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

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


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Symbols from TC2000
AAPL
AVNW
CRR
DANG
EJ
EXTR
FITB
FLTX
HAL
IMOS
MNGA
NTLS
TSEM
ZBB

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