Trade Ideas July 8, 2014

Today's Trade Idea

AAPL Long: (Technology Sector Consumer Electronics) Yesterday AAPL broke out of the recent high forming a bullish J-Hook pattern or a continuation pattern. On June 25 a Doji was formed followed by a classic bullish rally, three days last week walking or consolidating to the right, and then yesterday gapping and closing bullishly forming the J-Hook pattern or the continuation pattern. Remember that targets are just merely a direction. Be a profit trader and monitor APPL on the way to $100.00 then $104.00 and possibly higher reevaluating along the way.

My entry plan idea: Buy between 96.30 and the T-Line
My stop plan: Currently a close below the T-Line

Good Morning,
One would think that the buyers were still at the lake based on yesterday's trading, and judging by the futures this morning, they might still be at the lake.

One of our members in the chat room remarked that the market is allowed to correct and pullback and so true that is. Here we are in the second half of 2014 with the SPY up about 8% from the beginning of the year, so a rest might be in order.

There is no doubt that the sellers had some control yesterday and beat up on the buyers a little. It even looks like the sellers will outdo the buyers this morning as well. On the bullish side, the overall trend is still healthy at the moment. Price still controls the bullish side of the T-Line, and the big three are still laying bullish tracks. However, we should have a bit of caution just in case we start to see selling follow-through and deterioration of the trend.

Members of Hit-And-Run Candlesticks, I hope to see you tonight at 8 PM EST in the live trading room for our member e-learning chat.

Bear Markets
What are bear markets?
When learning about the stock market, it is important to understand the different types of markets that can occur. Bear markets occur when the prices for securities are falling and are expected to continue to fall. 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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This Week's Economic Calendar---> Click Here

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Symbols for members only Date Long/Short
7-7-2014 Long Bullish T-Line
7-3-2014 Long Watch for PBO
7-2-2014 Long Close on weakness
Close on weakness
6-26 Long Watch for PBO buysignal
6-24-2014 Long Be a profit trader
6-18-2014 Long Close on weakness
6-16-2014 Long Buy on positive trading
6-13-2014 Long Close on weakness
6-10-2014 Long Close on weakness
6-9-2014 Long Close on weakness
6-5-2014 Long Close on weakness
6-4-2014 Long Watch for buysignal
6-3-2014 Long Did you take your profits
5-30-2014 Long Close on weakness
5-29-2014 Long Close on weakness
5-27-2014 Long Close on weakness
 

 

5-22-2015

6-23-2014

Long Close on weakness
5-13-2014 Long Buy on positive trading, Consolidation likely
5-6-2014

5-28-2014

Long Close on weakness
4-16-20146-17-2014 Long Close on weakness
4-14-2014 Watch for a PBO
+8% 4-9-2014 Long Close on weakness
+38% 2-25-14 200sma Close on weakness

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VXX S&P 500 VIX Short Term Futures: The T-Line ™ Yesterday's close indicates sellers are in control, The candlestick pattern, a bullish morning star suggest that the Bulls are taking control, a close over the T-Line will change the T-Line control.

USO United States Oil Fund: The T-Line ™ Yesterday's 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 ™ Yesterday's close indicates the buyers are in control, the candlestick pattern indicates that we may be consolidation.

TLT: The T-Line ™ Yesterday's close indicates sellers are in control , candlesticks indicates that the buyers 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


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Symbols from TC2000

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