Tom Malone (Tom The Trader) is issuing a TTT Buy signal today which is a short term 1-5 day signal with a history of 93.8% accuracy for a 4.12% bounce off the lows. We should be seeing 1075+ on the ESU contract (SP500 Futures) around 1077 SPX within the next 5 days. If...
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![Zweig update.. still not oversold $STUDY [Chart]](http://redliontrader.com/wp-content/uploads/Zweigupdate.stillnotoversoldSTUDYChart_715A/image_thumb.png)
Here is the Zweig for the NYSE as of Tuesday’s close. Still not oversold @RedlionTrader
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One more short play for the bears. $LEAP has had a bounce on a continuous selloff. It should be good for 4% to the downside. I want to try this trade this time with options. We are only going to hold the options for 3 days. The Theta on the Sept 11 puts...
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Getting some request for shorts too. Must be some bears out there? Here is a setup short using the RSI difference setup we are using for $WRCX. Opposite this time. This trade is a sharp selloff with an overbought bounce. The target is 6% to the downside. You can take both trades as...
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This is a different play than the 10 day plays and will be tracked as a sector play. The idea here is to find a fallen angel in a turning sector hoping to ride it up as it catches is mates. Pilgrim’s Pride corp. has triggered a potential bottom turn based on recent pricing...
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This trade is an RSI difference trade. It looks for stocks that are in a good trend and have a sudden pullback looking to catch a bounce back to the trend if the stock becomes short term extremely oversold. This is the case with $WCRX. The rules for this trade are as...
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![Nice reverse Head and Shoulders setting up on the $DX, UUP.. Target $DX 87ish [Chart]](http://redliontrader.com/wp-content/uploads/NicereverseHeadandSho.TargetDX87ishChart_7AC5/image_thumb.png)
Although I have to admit I don’t get it macro wise, the US appears to be the weak leader, the dollar is gaining back in strength. There is a nice reverse head and shoulder developing with an upside target of 87. A break of 83.50 should confirm.
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Our guest speaker this week will be Dr. Phil.. No not that Dr. Phil from the Oprah spinoff.. better than that. Phil is a great guy and trader as well as a doctor of psychology. He will talk about the psychology of trading and give us some practical ways of breaking some of...
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There have been a number of request of short term swing trades so we have added a category of ten day trades. These are trades that meet some type of setup, which are described so that you can learn them, and trade within a ten day window for a swing trade. The trade may...
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For one of our ten day trades this week we are going to look at a unilateral pairs trade. Here is how this works, we compare two instruments, in this case the SPX and RUT, that are highly correlated but trade at different volatilities. The RUT is very volatile compared to the SPX. What...
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