Trade Ideas July 22, 2-14

Today's Trade Idea

Long: BLDP (Industrial sector diversified Industrials) BLDP has formed a double bottom Bullish Engulf with follow-through off of the 50 SMA closing yesterday above the T-Line and the 20 SMA. If you look at the daily chart, you should be able to see the stair-step to profits starting in mid-May, and I see the possibility of a 30% to 40% move in BLDP.

My entry plan idea: (Currently already own) A buy or an add-to under $4.50 and over $4.05 would get you in the coil of BLDP.

My stop plan: Currently $3.70 but will raise it on a bullish pop.

Good Morning,
SPY: A close yesterday with an inside day above the T-Line and the big three, the Bulls continue to hold the SPY together as it moves sideways. The buyers are still trying to get above $198.29, and the sellers are trying to drop us below $195.06 (two important numbers). One of the things to remember is candlestick signals in candlestick patterns are not required to have follow-through the next day or so; because of this, I'm staying cautious of the Evening Star pattern that was formed last week.

IWM: Lately I've been asked a lot of questions about my thoughts on IWM. IWM is still trending below the T-Line which means the short-term swing sellers are still in charge. The last two trading days has showed that the buyers are showing up to the party and a few sellers might be leaving. If the buyers could finally get the energy to push the price above $115.09, then I believe IWM has a chance to re-enter the bullish game.

Shorting Stock for Beginners
Shorting stock occurs when the investor borrows stock to sell with the expectation that the price of that stock will drop. The investor then buys the stock back to replace it at a cheaper price. Clear as mud? Let’s explain further. When an investor goes long on an investment, it means that the investor bought the stock with the expectation that the stock price will rise in the future. On the other hand, when an investor shorts a stock, he or she borrows from their.

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Symbols formembers only Date Long/Short
7-17-2014 Long Close
7-16-2014 Long Buy on positive trading
7-15-2014 LONG Buy on positive trading
7-14-2014 Long Buy on positive trading
7-11-2014 Long Buy on positive trading
7-9-2014 Long Buy on positive trading
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
6-4-2014 Long Buy on positive trading
6-3-2014 Long Did you take your profits
5-13-2014 Long be a profit trader
5-6-20145-28-2014 Long Wait for buysignal
4-14-2014 Buy on positive trading
+8% 4-9-2014 Long Buy on positive trading
+38% 2-25-14 200sma Buy on positive trading

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VXX S&P 500 VIX Short Term Futures: Yesterday'sclose above the T-Line ™ implies the bullish short-term swing traders are in control, Yesterday's candlestick implies consolidation.

USO United States Oil Fund: Yesterday'sclose above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday's candlestick implies bullishness

GDX Gold Miners ETF: Yesterday'sclose above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday's candlestick implies the sellers are holding the buyers back

TLT : Yesterday'sclose above the T-Line ™ implies the bullish short-term swing traders are in control. Yesterday's candlestick implies the sellers are ready to battle

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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