Rick’s Featured Trade Ideas

TDC/Long (Technology data storage)  TDC has consolidated along the bottom for the past four months, dropping to an extreme oversold low and then picked up with a big bullish engulf with a bullish T-Line run the past eight days, and yesterday it closed the gap between price and the T-Line™ with a two-day low and a bullish close to start forming a flag.

TDC/ Profits through education  Dec 1
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $
Risk Reward 10:1 depending on entry/exit/stop

If you bought 100 shares of AXON you would have $355.00 so far
Member’s trade idea November 4,  (AXON) Long working 23%
Member’s trade idea November 25, (FLDM) Long working 10%
Member’s trade idea October 6, (WABI) long working 13%

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SPY:  Yesterday’s bearish engulf is suggesting that the Bulls need a rest and may not have the energy to reach for the November high of $211.66 over the next couple of days.  Yesterday’s bearish engulf is also trying to form a bearish cradle pattern (inverse cradle) as we all know price action requires confirmation.  One of the keys to candlestick trading is to trade the pattern, and the past 10 candlesticks are suggesting the possibility of both bullish continuation and the startup of a bearish pattern. The savvy candlestick trader can see this and is ready to trade based on directional follow-through.

IWM:  IWM has painted a very nice bullish chart pattern over the past several weeks, and yesterday may be a sign that the bears may want some of it back.  The daily chart printed a bearish engulf just slightly under the 200-day simple moving average.  On the four-hour chart, price found absolute resistance at the 50-period moving average.
SMH: Buyers in control:   Bullish flag, piercing candle, Doji continuation pattern over the T-Line™.
IYT:  Nasty bearish engulf on IYT closing back down below the T-Line™ puts the swing trade sellers back in control.
S&P VIX Short-Term Futures VXX:  No fear, sellers’ control, six-day bearish T-Line™ run.

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. As you know some work and some don’t…Welcome to trading. 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.