Today's Trade Idea
CERS Long: (Healthcare sector – biotechnology) CERS Has been forming a base from early may and has attempted to breakout over the big 3 two other times. Recently CERS has painted a double bottom with a piercing candle and follow through that closed over the big three yesterday, and with 32% to the 200 day simple moving average, and what could be the completion of a cup I think CERS is worth considering.
My entry plan idea: Entry position below $4.35 on the open or intraday pullback
My stop plan: I will use $4.15 as my stop for the next day or two unless we see a big rally
With tomorrow only being half day for trading and Friday the market is closed, today is the day that we need to make sure we pull some profits off the market and set good stops on the positions that we leave in play.
Yesterday the Bulls proved that they have what it takes to get closer to $200 on the SPY. Obviously the Bulls remain in control with price closing at 197.03 above the T-Line. I would really suspect that volume starts to dry up today and tomorrow while the spy begins to rest and consolidate.
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|Symbols for members only||Date||Long/Short|
|Buy on positive trading|
|6-26||Long||Watch for PBO buysignal|
|6-24-2014||Long||Buy on positive trading, Be a profit trader|
|6-18-2014||Long||Watch for buysignal|
|6-16-2014||Long||Consolidating watch for PBO|
|6-13-2014||Long||Buy on positive trading|
|6-10-2014||Long||Buy on positive trading|
|6-9-2014||Long||Be a profit trader, Watch for a breakout|
|6-5-2014||Long||Buy on positive trading, J-Hook breakout|
|6-4-2014||Long||Watch for buysignal|
|6-3-2014||Long||Did you take your profits|
|5-30-2014||Long||Could be setting for next run|
|5-29-2014||Long||T-Line run, Buyers still control|
|5-27-2014||Long||T-Line run, Buyers still control|
|Long||Buy on positive trading, Watch for PBO|
|5-13-2014||Long||Buy on positive trading, Consolidation likely|
|Long||T-Line run buyers are still in control watch the 200 for profit taking|
|4-16-20146-17-2014||Long||T-Line run buyers are still in control watch the 200 for profit taking|
|4-14-2014||Buy on positive trading, T-Line run|
|+8%||4-9-2014||Long||Buy on positive trading, T-Line run|
|+38%||2-25-14||200sma||Buy on positive trading|
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VXX S&P 500 VIX Short Term Futures: The T-Line ™ Yesterdays close indicates sellers are in control, The candlestick pattern Is also suggesting the sellers are still in control.
USO United States Oil Fund: The T-Line ™ Yesterdays close indicates the sellers are in control, candlesticks indicate that we may see consolidation chop.
GDX Gold Miners ETF: T-Line ™ Yesterdays close indicates the buyers are in control, candlesticks indicate that we may see consolidation chop.
TLT: The< T-Line ™ Yesterdays close indicates sellers are in control , candlesticks indicates that the sellers are in control,
The above are just my thoughts to myself just thought I would share with everyone.
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Members Trade Ideas - Gold and Silver Members Only
Trade Ideas 7-2-2014
Don't forget the ETF's, a great trading tool for fast changes in the market and hedging
Symbols from TC2000