Rick’s Featured Trade Ideas

SXC/Long (COAL)   SXC has put together a Candlestick rounded bottom and also has broken into a rounded bottom breakout strategy pattern.  With resistance around the $3.80 and support near the $3.00 area, I am wanting SXC to be on my buy candidate watch list, whether it’s today or a few days from now.
The Hit & Run Candlesticks trading room offers education and great trade ideas.
***Another great day in the Trading Room for FB, STRP, SXC, COG***

SXC/ Plan your trade & trade your plan  February 1, 2016
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $Members Only
Risk Reward 8:1 depending on entry/exit/stop

SPY Attitude:  Last week the 60-minute chart triggered bullish while the daily chart was still triggering bearish, and Friday was very powerful and now has a bullish attitude thanks to Japan.  Overall, the bears are still  in control of the trend from January 1 this year, while price nearly tagged the 50 percent retracement Friday.  I still see resistance at $195.15, while support has moved up now to 190.55.

IWM:   60-minute and daily chart went bullish for a snap-back relief rally.
SMH:  60-minute and daily chart went bullish for a snap-back relief rally.
IYT:  60-minute and daily chart went bullish for a snap-back relief rally.
S&P VIX Short-Term Futures VXX:  60-minute and daily charts both went to the dark side Friday looking for support.
USO Unites States Oil Fund:  Bullish attitude trying to stay above the bearish trend line.
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.