Rick’s Featured Trade Ideas

ASPS/Short (Business services)   ASPS – The weekly chart it’s putting together an impressive bearish h pattern, working off of two lower highs and a Bearish engulf yesterday having trouble at the big three.  The daily chart is looking like a head and shoulders Bearish chart pattern with a bearish big three squeeze.

ASPS/ Profits through education  Dec 3
Possible entry plan idea:   Sell box $Members Only
Possible stop plan idea:   Cover above $
Risk Reward 8:1 depending on entry/exit/stop

100 shares of NVDA you would have $863.00 so far
Member’s trade idea September 30,  (NVDA) Long working 36%
Member’s trade idea July 29, (MEI) Long working 35%
Member’s trade idea October 29, (LSCC) long working 34%

Receive your password and login instructions within minutes, and join us in the trading room starting today. Read More

SPY:  The spy was doing so good yesterday and then BAM…the bears stepped in and painted a 1.02% drop closing below the T-Line™.  In light of yesterday’s candle and price action we could see a little bouncing around and even a lower low, if price action was to close below 207.41 we should be concerned that the bears are taking too big of a bite.  A few more shorts added to our portfolio might be prudent.
“Candlestick signal require confirmation”

IWM:  IWM managed to close above the T-Line™ even with a 1.08% drop.  The savvy trader will watch what price does with the T-Line™ continued to close above it or below it.  Below it would suggest the sellers are taking control of the swing trade.
SMH:  A little toppy up there and a little too far from the T-Line™
IYT:  Bottom line is the transports has had nothing but trouble starting on November 28, 2014.  On that date the bears started in on the transport and just have not let up.
S&P VIX Short-Term Futures VXX:  Double bottom and a bullish candle, our two hour and four hour charts price over the T-Line™

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!
Symbols from TC2000
Members Only
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.