Trade Ideas July 7, 2014

Today's Trade Idea

TSEM Long: (Technology Sector Semiconductors) TSEM over the past couple of weeks has painted a double bottom followed by the bulls being in charge with a morning star-type candle pattern followed by a doji and then a gap up, closing above the T-Line and the 20-day simple moving average last week. The weekly 200-day simple moving average is approximately 20% away, and that's about what I see as the next target

My entry plan idea: On a PBO below 9.86
My stop plan: A close below 9.22

Good Morning,
Despite a short week and lowered volume, the bulls continue to party on.

The SPY closed with a new high as well as the Dow and the NASDAQ. I can see from the morning futures that we may see a weak open compared to last week's close. I think the important thing here is to follow the trend. And our T-Line trend continues to lead in a northern direction.

It's pretty obvious that the buyers are still in charge of this market, and it looks as if they are trying to reach that even number of 200 on the SPY and 2000 on the S&P 500. That's what I see projected out as the next big bullish target. At this point in the trend, we will look to take advantage of small dips and play rallies in the bullish charts that help the market rise.

Bull Markets

What are bull markets?
When learning about the stock market, it is important to understand the different types of markets that can occur. Bull markets occur when the prices for securities are on the rise or are expected to rise. While this market is most often used in reference to the stock market, it can also be applied to any type of financial security that is traded including currencies, commodities, or bonds.

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Symbols for members only Date Long/Short
7-3-2014 Long Buy on positive trading
7-2-2014 Long PBO setting up
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 Buy on positive trading
6-13-2014 Long Buy on positive trading
6-10-2014 Long Buy on positive trading, Use stops
6-9-2014 Long Be a profit trader, Still trying to conquer the 200 SMA
6-5-2014 Long Buy on positive trading
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
5-22-2015

6-23-2014

Long Buy on positive trading, Watch for PBO
5-13-2014 Long Buy on positive trading, Consolidation likely
5-6-2014

5-28-2014

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 Watch for a PBO
+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 ™ Last weeks 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 ™ Last weeks close indicates the sellers are in control, candlesticks indicate that we may see consolidation chop and more down side.

GDX Gold Miners ETF: The T-Line ™ Last weeks close indicates the buyers are in control, candlesticks indicate that we may be ready for a breakout.

TLT: The T-Line ™ Last eeks 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.

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 - Gold and Silver Members Only
Symbols from TC2000

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