August 20, 2017
Last week was a feeding frenzy for the bears. The Trump White House did a fine job of providing the bears with ideal feeding conditions with new and more outrageous controversies daily. The result was another week in which key indexes were pushed into further declines right into the end of the week, and right to the edge of key support. In the end, allRead More.....
Triple Play Trading gives you 3 unique indicators that enable you to:
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What is this service: A daily updated list of stocks that are primed to make the huge parabolic moves... NOW!
What factors are considered?
Why the list is so powerful: The results are derived from our world class research and contain the all key elements of proven trading systems.
How To Use The List
This list of stocks has been preselected for exceptional position, swing or day trading opportunities.
What Are The Benefits?
We've identified 10 trading setups that we use to systematically identify low risk high reward trades. We call them "Slingshots" because they lead to quick bursts in price action, and they include more than just patterns - that's why we call them "Setups".
Slingshot Setups is an online streaming video training course designed to give you trading rules that you need to swing or day trade these powerful setups. We show you 'Exact' entry points, stops, targets and trailing profit-taking exits... everything you need to score BIG in the markets is included.
Because these setups begin with daily charts, you can identify which stocks you are going to trade BEFORE the trading day begins. This allows you to create a short list of great trading opportunities and then you can turn your focus on trading the specific entry and exit rules rather than feeling trading anxiety or over-analyzing the market action.
Why We Love Slingshot Setups
Every day this Picks and Pans report gives you concise insight into key price levels in important ETFS. These price levels are areas we anticipate the market will react to, and which you may use to identify potential trades.
S&P 500 (SPY) Better if can clear over 217 and hold 215
Russell 2000 (IWM) Through 124.75 area better still
Dow (DIA) 184 is the overhead 50 DMA to clear
Nasdaq (QQQ) 119 next hurdle to close above
KRE (Regional Banks) Given Yellen’s statements, this has potential.
SMH (Semiconductors) 67 support
IYT (Transportation) 144-146 the resistance to clear.
IBB (Biotechnology) Needs to clear 298 to see 300 and beyond.
XRT (Retail) Last frontier right here-needs to hold today’s lows and make a move
IYR (Real Estate) Held support
ITB (US Home Construction) Needs to clear 28.00
GLD (Gold Trust) I suggest the bears look at a monthly chart
SLV (Silver) A weekly bull flag forming taking its time to break out of
GDX (Gold Miners) 26.50 pivotal support
USO (US Oil Fund) Still waiting on the weekly chart to bust out
OIH (Oil Services) I’d call today’s action a reversal
XLE (Energy) Ditto here
XOP (Oil and Gas Exploration) And here
TAN (Guggenheim Solar Energy) I like the rounding double bottom potential. Needs confirmation
TLT (iShares 20+ Year Treasuries) 138.30 the 50 DMA pivotal
UUP (Dollar Bull) Until it closes over 25 or under 24.60 I’m neutral