Rick’s Featured Trade Ideas

AMZN/ Plan your trade & trade your plan  January 7, 2016
Possible entry plan idea:   Sell box $Members Only
Possible stop plan idea:   Cover Above $Members Only
Risk Reward 5:1 depending on entry/exit/stop

100 Long shares of FSLR would have netted you $1920.00
Member’s trade idea October 27,  (MEET) Long 60%
Member’s trade idea January 4, (TSLA) Short  $2097.00
Member’s trade idea December 21, (MANH) short $750.00
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Hit&Run Candlestick members learn to manage their charts, and by managing their charts profits are more profitable.  With our Starbucks (SBUX) short, we’re enjoying a great cup of coffee.  (SKX) Sketchers USA is trying to draw an “h” pattern which equals short profits. SKX was yesterdays featured trade idea. (F) Ford Is another one we spoke of in early December that would likely be a short winner.
I hear from hundreds of people and how they’re looking for long setups with the market becoming a bit oversold.  Please be careful and let the chart guide your way.  We have seen time and time again that buying off the bottom or trying to pick the bottoms is not the answer.
SPY:  Yesterday I wrote that China has created pressure on the market causing the buyers to be concerned and the sellers to take advantage, and that continues to hold true today. The morning futures are once again under pressure, and today we should see the $195 area tagged on the SPY that I have spoken of several times the

past week and a half.  From the $195 area, if the sellers continue with their rampage, don’t be surprised if you see the $192.00-$188.00 area as the next target direction.

IWM:  IWM is headed for the $104.50 area.
SMH:  SMH found the $50.50 target, and if it can’t hold here the semiconductor ETF SMH could have a world of hurt coming.
IYT:  $126.40 will be an important testing ground for IYT, a failure then $117.10 could be seen within a few weeks if not days.
S&P VIX Short-Term Futures VXX:  Over $21.90  keeps the S&P 500 VIX very bullish.
USO Unites States Oil Fund:  Black gold is turning into black sludge, Jethro Clampett is not a happy camper.
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!
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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.