Rick’s Featured Trade Ideas

We do have a member’s trade idea list for today and for the working days of this week; however, we will not be offering a featured trade idea until Monday, December 28.

Members e-learning Tuesday night 8:00 PM Eastern

100 Short shares of LGIH would have netted you $708.00
Member’s trade idea November 20,  (PACB) Long working $220.00
Member’s trade idea November 9, (PRTA) Long working $200.00
Member’s trade idea December 4, (LGIH) Short working $708.00
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SPY:  I see that the morning futures are up a little, but I do not think that it’s going to help the monster bearish engulf on the 2-day chart of the SPY or the bearish evening star that the monthly chart is trying to create.  Last week, the Bears won the game bringing price back down to the December low, and there is now a bearish “h” pattern trying to pull the bearish “M” pattern down further.

Over the weekend, I put together a chart with the few indicators just to see what they were showing:  TSV is bearish, MACD looks bearish, Balance of Power is very weak, the Chalkin Money Flow is weak and a long-term Stochastics is still pointing down.

There are still long charts that are showing up, and we will continue to point them out and even trade them. But right now, the short charts are where the easy money is, as well as the inverse ETF’s.  Until the game changes, any bullish rallies will be considered nothing more than a relief rally, and we will take advantage of shorting into relief.

IWM:  A bearish “h” pattern is being constructed, and sellers control the T-Line™.
SMH:  Sellers have brought price back below the 200-day simple moving average as expected, and they are in control of the T-Line™.
IYT:  When have you seen a more ugly chart?  Bears in total control.
S&P VIX Short-Term Futures VXX: Over 22.10 the bullish “W” pattern will be working
USO Unites States Oil Fund:  The sellers are still in control of oil, and when we see the right chart pattern and Bullish setup we will let you know.  I expect at some point, great wealth and riches will be made.

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.  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.

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.