AFMD/Long (Healthcare biotechnology)  AFMD has successfully constructed a rounded bottom breakout with a PBO.  Two-1/2 months of constructing a bottom price has rallied up through the big three and has set itself up for a rally toward the 200-day simple moving average.  Price action and the T-Line™ will tip you off to possible profits as well as when the chart is not working.  The T-Line™ is a product of Rick Saddler and Hit&Run Candlesticks.

AFMD/ Profits through education  Dec 7
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $
Risk Reward 6:1 depending on entry/exit/stop

Buying 100 shares of RLYP would have netted you $881.00
Member’s trade idea November 19,  (RLYP) Long working 43%
Member’s trade idea August 11, (ULTA) Long working 10%
Member’s trade idea October 23, (FPRX) long working 34%
Receive your password and login instructions within minutes, and join us in the trading room starting today. Read More

SPY:  Price is king, the trend is your friend, support and resistance are moneymaking tools.  These are very four important aspects to consider when looking at a chart.  And when I look at the SPY chart and the close Friday, I can see that price has reached two very important levels that needs to be breached if the Bulls want to continue.  First being $211.00 followed by $211.66.  With $211.00 and $211.66 each being a resistance level and $204.75 being a support level, I see a sideways channel that price is currently trapped in. Price may have rallied a little too much on the Jobs Report, that was not stellar at all, makes a guy wonder. But no matter what stay with the chart, price did close back over the T-Line™ which puts the swing trader Bulls back in charge.
If there was a standout chart pattern that you can see, it would have to be the bearish “M” pattern that the SPY continues to shape.  This can be changed with a successful breakout of the $211.66 level.

IWM:  IWM closed Friday with a bullish Harami but also closed below the T-Line™. A move and a close above the T-Line™ would suggest bullish follow-through.
SMH:  SMH continues to show strength with the close of a bullish Harami Friday and a continuation of a bullish T-Line™ run.
IYT:  Currently controlled by the sellers. If IYT can’t find support at the $43.00 level and weakness sets in, the overall market will eventually take notice.
S&P VIX Short-Term Futures VXX:  The fear was drained out of the VXX Friday on the markets bullish rally.  The VIX closed Friday with no fear and below the T-Line™.  The chart continues to demonstrate that there is a bit of fear because of the current double bottom on the daily chart.  The weekly is showing some bullish construction as long as $17.72 holds.
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!
Symbols from TC2000

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.