Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
SPXS Long | (RBB) Rounded Bottom Breakout
Double click the trade plan to enlarge. This not a recommendation to buy. I am simply sharing a trade I am considering.

Good Morning, Profit Traders,

T-Line™ below the 34-ema (SPY) —  The SPY closed down 1.10% and IWM closed down 0.61%.  The SPY was overrun by the bears yesterday adding more selling pressure to an already pressured chart.  One of the best tools I use is the T-Line™ (8-ema) and the 34-ema to determine the trend direction in a chart or index I am trading.  Keep it simple.  If the T-Line™ is below the 34-ema, sellers have control, and if the T-Line™ is above the 34-ema, buyers have control.  When you add price action (candlesticks), support and resistance, you have a powerful set of trading tools.

Yesterday HRC members enjoyed more profits in members’ trade Ideas!
NEM (short) moved another 10% for a total of +14.22%
DXCM (short) dropped another 3.59% for a total of +6.69%
CRMD (long) popped another 11.7% for a total of 63.73%
WAC (long) climbed another 10.31% for a total of 13.23%

An RWO trade adjustments video was just sent.  Taking about a 100% on BAX

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Rick & Hit and Run Candlestick Team

Members Daily Trade Ideas. Be aware of sudden market changes!
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These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains.  You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!

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