Rick’s Featured Trade Ideas

CDE/Long (Basic Materials Silver)  The CDE chart is building a Flag PBO, while still in the construction area CDE looks poised to start a bullish move. Nearing a RBB pattern. With a 9:1 risk reward CDE has terrific potential.
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.

CDE/ Profits through education  Oct. 12
Possible entry plan idea:   Buy box $
Possible stop plan idea:   Stop below $
Risk Reward 9:1 depending on entry/exit/Stop

This is the place you ought to be!

GPN/ members trade idea July 27, up 27% (Watch for profit taking)
UA/ members trade idea Aug. 19, up 41% (Raise stop)
WG/ members trade idea Oct. 5 up 95% (Time to take your profits)
SWC/ members trade idea Aug. 20, up 22% (May want to consolidate near the 200sma

Hit & Run Candlesticks / Right Way Options
Membership Options – Click Here

SPY:  The SPY has pushed it’s self over 50sma and has held ground, I must admit I didn’t think the SPY would get there. Now that it has, new support ground has been found. From here a little consolidation then a run to 205 would be nice.

IWM:  Up big this week, needs to work with the 50sma (bullish)
SMH:  Nice T-Line run, profit taking above T-Line is bullish (bullish)
IYT:  Wants the 200sma (Bullish)
Ipath S&P VIX Short-Term Futures
VXX:  Bears in charge.

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.