Rick’s Featured Trade Ideas

MU/Long (Semiconductor memory)  The MU chart is Currently in a Rounded Bottom Breakout, printed a Bullish Engulf yesterday after about eight days of consolidation and a T-Line run.  MU Has also come from a bullish “W” pattern that started forming in August.

Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 10:1 AM EDT today.

MU/ Profits through education  Oct. 20
Possible entry plan idea:   Buy box $Members Only!
Possible stop plan idea:   Stop below $
Risk Reward 12:1 depending on entry/exit/stop

Members Trade Ideas
WTW  a members’ Trade Idea September 16, 2015
up 122% yesterday!

NHTC a members’ Trade Idea September 24, 2015
up 20% now and looks ready to push higher!

New Membership Options – Click Here

SPY:  Yesterday, the SPY managed to hold the bullish team together closing $.10 above Friday’s close; also above the T-Line and it looks poised to take on the 200-day simple moving average.  Major resistance lies overhead starting at $204.00 and will last for quite a while.  Over the past 15 trading days, the Bulls have controlled the chart and the relief rally has lined our pockets with money.  As this market approaches the $204.00 resistance level, it will be important for positive earnings and guidance and/or positive news for the market to keep this bullish move alive.

IWM:  Is having trouble getting through one of our 200-period moving averages on the four-hour chart.
SMH:  SMH may be reaching for the 56 area
IYT:  The transports may be ready to slide back into a bearish drift.
S&P VIX Short-Term Futures
VXX:  Look for a high off of yesterday’s close.

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
Symbols from TC2000
SKX

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.