Tuesday, August 18, 2015

Possible Trade "Ideas" for Tuesday 8/18/2015

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RXN- LONG IDEA
FSLR- LONG IDEA
CX- SHORT IDEA

Possible Trade "Ideas" for  week of 8/17/2015
HW- LONG IDEA
The "general" trading plan is to take them over the high of the prior bar with a stop under the low of that bar, but, of course, you should have your OWN trading plan.

LULU- LONG IDEA

KND- LONG IDEA

PAYX- LONG IDEA

STOCK TRADING IS EXTREMELY DANGEROUS TO YOUR FINANCIAL HEALTH AND IF YOU TAKE ANY OF THESE TRADE IDEAS AND HAVE NO COMPREHENSIVE TRADING PLAN OR NO STOPS IN PLACE YOU WILL UNDOUBTEDLY LOSE ALL OF YOUR MONEY, PLEASE READ THE DISCLAIMER AND PRIVACY POLICY AT THE BOTTOM OF THE WEB SITE. I MAY ALSO HAVE A POSITION IN THE SECURITIES MENTIONED AND I MAY BE PUMPING THEM HOPING TO FIND A SUCKER TO TAKE IT OFF MY HANDS AT HIGHER (OR LOWER) PRICES (JUST LIKE GOLDMAN SACHS, HAH!).
TAKE ONLY THE OPPORTUNITIES THAT YOU REALLY LIKE AND UNDERSTAND. ALWAYS ENTER A TRADE WITH A TRADING PLAN. THE PRIMARY FOCUS IS TO FIND SWING TRADES BY USING INTRADAY SETUPS THAT HAVE A POTENTIAL TO BECOME SWING TRADES. OUR MAIN FOCUS AS TRADERS IS TO TAKE HIGH PROBABILITY AND R/R TRADES AND CONTROL OUR RISK.
Further, any opinions, analyses, prices, or other information contained on this blog page is provided for educational purposes only, and does not constitute investment advice or solicitations to trade. Please consult your investment adviser before committing any actual funds to the markets. 

On Tuesday the $SPX traded DOWN 1.5% and then finished HIGHER on the day, the last time it did that was October 4, 2011, and "some body" on Twitter was nice enough to point out that the SPX gained 11.5% over the next MONTH, now, I would NEVER say NEVER to such a gain, BUTT......................


I would be EXTREMELY hard pressed to say the two BLUE boxes are the same set up, the RED arrow is where it last made a move like that in 2011, we were just coming off of a 21.6% pull back from the prior five months, AND, we were 31.8% off of the ALL TIME HIGHS.........
I find it a little hard to compare to NOW when we are coming off a 2%...........aaaaahhhhhhh......."PULL BACK"..... AND.......... we are 2% off the ATH's.............
SIGH, it would certainly not surprise me in the least to see an 11% move to new ATH's, the FED is capable of any thing, but I'm tell'in Ya, I'm sure getting tired of Jesse Felder's (@jessefelder) pull back beard, so I'm hoping the "move" is to the down side, good luck to you................

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