Rick’s Featured Trade Ideas
DO/Long (Energy sector) DO Is showing signs of reversing with a strong Bullish Engulf off the bottom in early October followed by a swing to the 50-day simple moving average then pulling back to find a higher low, finally gapping yesterday on strong volume closing above the big three making DO a rounded bottom breakout pattern.
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We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.
DO/ Profits through education Nov 3
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $
Risk Reward 6:1 depending on entry/exit/stop
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Member’s trade idea October 23, (DYAX) currently up 32%
Member’s trade idea October 23, (XOMA) currently up 46%
Member’s trade idea October 28, (FOLD) currently up 28%
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SPY: It was another fine day for the Bulls in the SPY up 1.18% and $3.06 above the T-Line. While yesterday’s price action was definitely bullish, you can see this in the candlestick closing higher than it opened by $2.46. The bulls are definitely in charge and any kind of minor pullbacks we will look as opportunity unless the pullback starts to break down through bullish trend lines. A couple of little side notes: yesterday closed right at one of our downtrend lines coming from the June, July, August highs and the overall volume could be starting to flatten out.
IWM: Finally broke out of our $117.50 trend line that has been holding price back. Unless there’s a big downturn in the market, IWM looks to be headed toward $119.75.
SMH: SMH is back above the T-Line and the 200-day simple moving average.
IYT: The transports were a little disappointing yesterday and still have me a little concerned.
S&P VIX Short-Term Futures VXX: Still controlled by the sellers and obviously no fear as 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!
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 | |
| 11.3.15 | Bullish | BOPT | ||
| 11.2.15 | Bullish | BOPT | ||
| 10.30.15 | Bullish | BOPT | ||
| 10.29.15 | Bullish | Raise stop | ||
| 10.8.15 | Bullish | BOPT | ||
| 10.23.15 | Bullish | BOPT | ||
| 10.22.15 | Bullish | BOPT | ||
| 10.22.15 | Bullish | BOPT | ||
| 10.20.15 | Bullish | Close on weakness | ||
| 10.5.15 | Bullish | Gaps are gifts, manage trade | ||
| 10.6.15 | Bullish | Close on weakness | ||
| 8.28.15 | Bullish | BOPT | ||
| Bearish | No trade YET | |||
| Bullish | Needs to clear 200sma | |||
| Bullish | Could run a little over 216.00 | |||
| Bearish | Bears control |
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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