Rick’s Featured Trade Ideas
BRS/Long (Energy) The BRS chart shows a Bullish Engulf on October 2 with bullish follow-through to the 50-day simple moving average followed by profit taking and a PBO with a J-Hook breakout. BRS is also a Hit-And-Run Candlestick Rounded Bottom Breakout.
Education builds confidence for success!
We go over all Featured Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.
BRS/ Profits through education Oct. 21
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $
Risk Reward 8:1 depending on entry/exit/stop
Members Trade Ideas
Member’s trade idea October 12, SA (Seabridge Gold) currently up 11% poised to move higher.
Member’s trade idea October 5, RYAM (Rayonier Advanced Materials) currently up 19% with a Bullish Engulf printed yesterday.
Member’s trade idea October 7, YOKU (Youku Inc) the gap produced 26%
Hit & Run Candlesticks/Right Way Options Membership Starts Here – Click Here
SPY: The lows between March and July ($204-ish) has proved to be the Bulls kryptonite. A total breakdown on August 21 forced a Shooting Star on September 15, and now the last three days has kept price at bay. If you were to take a look at a 2-day chart of the SPY, you can see declining volume but yet price continues to climb. Now that we are approaching the $ 204 resistance area, this should make a trader a little cautious as to how long you hold your long trades.
IWM: Unless IWM can get through $117.50, it has nothing. And if it does, it has nothing but more trouble.
SMH: SMH maybe having a little trouble here; keep an eye on those Doji’s
IYT: The transports need to show strength above $147.90; a drift lower would suggest a lower market.
S&P VIX Short-Term Futures
VXX: The VIX started to show a little fear yesterday closing with a bullish Harami. I also see a bit more volume starting to build. This is not what I would call a reversal bottom just yet, but let’s not discard the chart.
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.
| Members only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 10.20.15 | Bullish | T-Line run | ||
| 10.20.15 | Bullish | Will the 50 hold? Close if not | ||
| 10.12.15 | Bullish | PBO area | ||
| 10.5.15 | Bullish | T-Line working/PBO area | ||
| 10.7.15 | Bullish | Love those profits! | ||
| 10.5.15 | Bullish | Watch for a breakout | ||
| 10.6.15 | Bullish | Watch for breakout | ||
| 10.3.15 | Bullish | Watch for PBO | ||
| 9.16.15 | Bullish | Gota love profits! | ||
| 8.28.15 | Bullish | T-Line working | ||
| No Trade | ||||
| Bullish | Went long yesterday | |||
| Careful | Bearish Engulf | |||
| Bearish |
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.
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