Category: Trade Ideas

Dow Transports Retesting Weekly Breakout

The Dow Jones Transportation Average represented by the $IYT ETF has been a strong performer throughout May and June. It broke out to new all time highs on July 3rd, resolving a multi-month range sideways.

However, over the past week of trading, we’re seeing some near-term selling pressure come through, and a break of this accelerated bullish trend line.

Here’s the IYT on the daily:

Dow Transports Retesting Weekly Breakout - IYT Daily Breakdown


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Bullish Swing Trade Setups For Monday July 17th

Markets kicked off the week of Monday, July 17th choppy and mixed finishing relatively unchanged on the day.  We’re heading into prime time earnings season which means potential sector/stock catalysts (positive or negative) could be right around the corner.

Here’s a short list of some of the swing trade setups that are on my watchlist over the next few days.

Given its earnings season, double check all of the report dates that follow.

The Russell 2000 $IWM is first up as it consolidates high and tight at this 142 area that has acted as resistance since early June. Today’s close was pennies away from all time closing highs.

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Individual Stock Analysis 7-11-17

Individual stock analysis for July 11th, 2017 on tickers submitted by you on Stocktwits and Twitter.


Enjoy a $25 discount on the charting software used in this video, TC2000 when you signup with The Trade Risk’s referral link.

Beware of the Weekly Bearish Engulfing Nasdaq 100

A quiet start to the Tuesday morning session progressively turned bearish as large cap technology and healthcare/biotech stocks saw selling pressure increase throughout the day.

The Nasdaq 100 is composed almost entirely of these two sectors so naturally it was hit the hardest.

As of the close today, here is what the incomplete weekly candle looks like:

Beware of the bearish engulfing Nasdaq 100 image of QQQ

There are 3 bearish characteristics to point out:

  1. A bearish engulfing weekly bar will be printed if we close below 139.28.

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Long Setups For Thursday June 22nd

It’s been a sleepy past two days in the market unless you’ve been concentrated in biotech and healthcare which has been working nicely to the upside while the rest of the sectors have been pulling back into nearby support zones.

Our current portfolio positioning is light in order to avoid some of this quiet chop, but here a few setups we’re looking at into the close of the day for potential new long entries.

Canadian Pacific $CP is breaking out from this trend-line extending from the June highs. If you were to zoom out and look at a weekly/monthly chart, notice the even bigger breakout in motion over this 155 area.

Image of CP Long Setups For Thursday June 22nd

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