Public Swing Trade Ideas 11-28-2016

Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan

SQ Long | 3-day Cup & Handle  | Ascending Triangle |  PBO-Bullish Engulf
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.

sq-11-28-16Good Morning, Profit Traders,

From a bull’s eye:  (SPY) Price continues to trade and close above the High T-Line™ Band. Until the High band is violated we will keep riding the bull.
No trader is denying the bulls are in total control and no trader is denying the market is very overbought. Being overbought is not a reason to close longs and run to shorts but it is a condition that we should be aware of.

I see support on the SPY daily chart near $218.85 and that is very near the 23.6 Fib retracement. On the 1 hour chart, I see support near $220.50

Members Daily Trade Ideas. Be aware of sudden market changes!
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Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Symbols from TC2000

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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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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