Rick’s Featured Trade Ideas

TRUE/Long (Technology)  In the TRUE chart, there is a little scoop pattern that has become a rounded bottom breakout.  In the past month, we’ve seen a definite low, a high, and the higher low as the scoop pattern formed.  Yesterday’s volume suggested the buyers were trying to crowd in.
Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.

TRUE/ Profits through education  Oct. 6
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $
1st Risk Reward 4.75:1 depending on entry/exit/Stop

This is the place you ought to be!
**From the members trade ideas list: RYAM +6.78 yesterday
To see more Click Here

COPX copper miners ETF, XIV inverse to the VIX, UWTI long crude oil ETN were all up over 5% yesterday

SPY:  Way to go Bulls closing above  $196.35, our first line of resistance, and there is no doubt that the vote was 100% bullish yesterday.  You can see this on the strength of the candle.  The past five trading days has shown that the bears lacked a plan while the Bulls put one together.  The close yesterday of $198.47  is right in the middle of the resistant area guarded by the bear.  The wise trader will tread softly through this area and respect the $200 mark and the 50-day simple moving average.

IWM: Ran and closed strong but closed into resistance.
SMH:  Great move yesterday gapping and closing respectably above the 50-day simple moving average.
IYT:  The transports started their engine and closed right at the 50-day simple moving average.  It is important that the transports IYT closes over the 50 SMA rather than continue its downward slope.
VXX:  Yesterday I had said to watch for a drift to the mid-21 area, continue to watch.

This Week’s Economic Calendar—> Click Here

Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts. As you know some work and some don’t…Welcome to trading. Please follow your trading rules for entry stops and profits. Remember to check for earnings!
Members Trade Ideas below

Keep your eye on the inverse ETF’s They trade well!

To see all of today’s trade ideas Click Here

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

VXX S&P 500 VIX Short Term Futures:  A close above the T-Line ™ implies the bullish short-term swing traders are in control.  A close below the T-Line ™ implies the bearish short-term swing traders are in control.

Energy Sector: XLE, SX90, ERX, USO  A close above the T-Line ™  implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

SMH: A close above the  T-Line ™ implies the above short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

IYT: A close above the  T-Line ™ implies the above short-term bullish swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

US Dollar Index: UUP, DXYO A close above the  T-Line ™  implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.  Learn more about the T-Line – Click Here

The information in this email and Blog Post are notes to myself and should NOT be construed as financial or trading advice.

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.

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

http://hitandruncandlesticks.com Trading for Profit is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not tell or suggest which securities or currencies customers or subscriber should buy or sell. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here.