Rick’s Featured Trade Ideas
AMZN/Short (Specialty Retail) AMZN has had a terrific run and now looks like it needs a little pullback of possibly 10% or more. The candlestick pattern on the daily chart is a bearish island reversal with a small wick crossover. The candlestick pattern on the 2 day chart is a bearish Shooting Star.
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AMZN/ Profits through education Nov 16
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Close above $
Risk Reward 5:1 depending on entry/exit/stop
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Member’s trade idea September 29, (FTNT) short working 22.5%%
Member’s trade idea October 21, (TASR) Short working 21%
Member’s trade idea October 20, (INSM) long working 58%
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SPY: Friday’s sell off of 1.12% came within about $.20 of one of our target areas which I would suspect over the next day or so the $202.20 will be reached. A small relief rally is possible, and then I suspect the 50-day simple moving average will be tested. It is yet to be determined who will take control at this area, the buyers or the sellers. One thing is for sure, if we monitor the price action through a candlestick or candlestick pattern, we will know exactly what to do.
IWM: Blinded by weakness still managed to find a supporting trendline to rest on.
SMH: SMH may try to put together short-term rally after Friday’s weakness and the 50-day simple moving average. Being down this low, it will take a pattern and not just a candlestick signal to make a bullish run.
IYT: IYT closed back below the 50-day simple moving average Friday putting the sellers back in complete control.
S&P VIX Short-Term Futures VXX: VXX rallied all the way to the 50-day simple moving average and 200-day simple moving average, likely at consolidation at least for the early part of today is 100%.
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 | Bias | Try our Membership, Check out the Trading Room | |
| 11.16.15 | Bullish | BOPT | ||
| 11.12.15 | Bullish | Close on weakness | ||
| 11.10.15 | Bullish | Flagging pulling back | ||
| 11.10.15 | Bullish | Watch for PBO | ||
| 10.6.15 | Bullish | Watch for PBO | ||
| 11.3.15 | Bullish | Flagging, needs to hold trend | ||
| 11.2.15 | Bullish | Close on weakness | ||
| 10.29.15 | Bullish | Profit taking coming | ||
| 10.8.15 | Bullish | Flagging/caution | ||
| 10.23.15 | Bullish | BOPT | ||
| 10.22.15 | Bullish | Close on weakness | ||
| 10.5.15 | Bullish | BOPT | ||
| 10.6.15 | Bullish | Wait for PBO | ||
| 8.28.15 | Bullish | Close on weakness | ||
| Bullish | Profit taking? | |||
| Bearish | Target hit sellers control | |||
| Week | Profit taking | |||
| Week | No trade | |||
| Bullish | BOPT | |||
| Bearish | Trade on weakness | |||
| Week | Below T-Line |
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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