Rick’s Featured Trade Ideas

ADPT/Short(Healthcare)  ADPT – Continues to show weakness, now setting up for a bearish “h” pattern for a possible test of the recent low and a push lower.  A failed attempt of the 34 EMA resulted in a shooting star-type candle with a long upper wick. The recent close below the T-Line™ is a clue for the short-term swing trader to climb aboard.
ADPT/ Profits through education  Dec 10
Possible entry plan idea:   Sell box $Members Only
Possible stop plan idea:   Cover above $58.90
Risk Reward 7:1 depending on entry/exit/stop

SPY:  The weakness continues in the SPY with yesterday producing a lower low strengthening the bearish “M” pattern.  The current price action is still suggesting that we test the November 16 low or about $202.00.  More likely than not, we will see a relief rally or two, but with a failure of the $202.00 area, $195.30 could be where we find price a few weeks from now.  The T-Line™ continues to act as a downward trend line for the short-term swing traders, the T-Line™ is also very near pushing through the 34 EMA, that Would suggest more weakness for the Bulls.

IWM:  Continued weakness yesterday put IWM on track to visit the $113.10 area, which is also about the 38.2% Fibonacci retracement line.  Continued weakness and selling could take us down to the $107.00 area, which is the 50% retracement.
SMH:  SMH continues to show weakness with a near target of $54.45.  Weakness from $54.45 could run us down to the $51.00 area.  Of course, there will be relief rallies along the way.
IYT:  The transports continue to put pressure on the overall market, and it looks as if it plans on more, and the next target to the downside should be around $134.25 then to about $126.50 if the overall selling continues.
S&P VIX Short-Term Futures VXX:  VXX seems poised to test the 200-day simple moving average and the November high, and a breakout of the November high would create a bullish “W” pattern.
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.