Rick’s Featured Trade Ideas

ATHM/Long (Internet content)  The ATHM chart, a September bottom followed by a bullish gap that ran price over the 50-day simple moving average creating a (RBB) Rounded Bottom Breakout.
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.

ATHM/ Profits through education  Oct. 13
Possible entry plan idea:   Buy box $ See membership options
Possible stop plan idea:   Stop below $
Risk Reward 9:1 depending on entry/exit/stop

This is the place you ought to be!

JOE/ members trade idea Oct 25, up 22% (Profit trader yesterday?)
GPN/ members trade idea July 27, up 28% (Raise stop or Close for Profits)
UA/ members trade idea Aug. 19, up 41% (Raise stop or Close for Profits)
WG/ members trade idea Oct. 5 up 95% (Time to take your profits)
SWC/ members trade idea Aug. 20, up 22% (Protect profits)

New Membership Options – Click Here

SPY:  Two Doji’s after the SPY has had nearly an 8% run indicates a little rest is needed.  This is also the area of major resistance and what could be support depending on how price and the attitude of the market shapes up.  Currently, the Bulls have control and there’s no real sign of sellers and a healthy consolidation would be bullish.  Stay sharp; if price starts to drop below the $200 area, the bears may start to get a little feisty.

IWM:  A little consolidation might be in order, above the T-Line remains bullish (bullish)
SMH:  51.45 offers support (bullish)
IYT:  Possible flag building in the process (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.