Rick’s Featured Trade Ideas

LITE/Long (Communication equipment)  Also featured on December 14, recently had profit taking and a pull back to near the 20-day simple moving average with a Doji bottom and a Bullish Engulf.  Price is now trying to break out into a J-Hook continuation pattern.
LITE/ Profits through education  Dec 30
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $Members Only
Risk Reward 13:1 depending on entry/exit/stop

100 Long shares of ROVI would have netted you $555.00
Member’s trade idea September 30,  (NVDA) Long working 41%
Member’s trade idea November 24, (ROVI) Long working 50%
Member’s trade idea December 15, (ENPH) Long working 110%

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

SPY:  After a slight pullback, the T-Line™ and a hammer triggered a gap closing above the big three, the 200 SMA and, more importantly, the lower high downtrend line of $205.75, which is the 50% line between the high and the low of the bearish “M” pattern.  Over $205.75,  we consider bullish.

IWM:  The buyers control the T-Line™ now.  They need to control the 50-day simple moving average. Bullish over $116.15.
SMH:  Bullish over $54.85.
IYT:  Oversold relief rallies are all we can trade for now.
S&P VIX Short-Term Futures VXX:  Not much fear in the market.
USO Unites States Oil Fund:  USO is trying to put together a rally, and we could see some terrific trading for the next few days.  $11.55 will be an important decision level.

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!
Symbols from TC2000

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.