Rick’s Featured Trade Ideas

TZA/Long (Small-cap bear inverse ETF)   TZA – After a bullish T-Line run, TZA broke out of a bullish “W” pattern, and after seeing a little profit taking this week, price pulled back below the T-Line into the 50-day simple moving average.  Yesterday the buyers came in with a Bullish Engulf bouncing off the 50-day simple moving average and closing above the T-Line.  Side note: I bought TZA yesterday at $45.20 and announced to all the members In the Trading Room.
TZA/ Profits through education  Dec 18
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $
Risk Reward 7:1 depending on entry/exit/stop

100 Short shares of LGIH would have netted you $592.00
Member’s trade idea December 4,  (LGIH) Short working $592.00
Member’s trade idea December 9, (PNR) Short working $304.00
Member’s trade idea November 18, (LVS) Short working $453.00
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SPY:  The SPY ran into trouble yesterday at $204.48 closing down 1.52% creating a bearish engulf that completely negated Wednesday’s bullish Fed candle, closing below the T-Line™.  Also closing back below the 50% mark of the high and low on the bearish “M” pattern suggests that the bears were not finished, and has the sellers pushing price back below the 34 EMA and the 200 SMA.  Unless there’s a bullish change today, the sellers will push the T-Line back below the 34 EMA.  This will cause me to be extremely bearish.

IWM:  IWM continues a bear run after a short lived relief rally.  Yesterday’s bearish engulf has closed below the T-Line™
SMH:  The sellers took control of the SMH yesterday by creating a bearish engulf and closing back below the T-Line™, and bearish follow-through could put us back below the 200-day simple moving average.
IYT:  The Transports have become a huge drag on the market.  The recent relief rally was crushed with yesterday’s bearish engulf closing below the T-Line™.
S&P VIX Short-Term Futures VXX:  Yesterday’s Bullish Engulf at the 50-day simple moving average created a higher low that could lead to close over the 200-day simple moving average.
USO Unites States Oil Fund:  Sellers in control.  Wait for a bottom reversal signal and be ready for a short-term relief rally.

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!
Symbols from TC2000

Keep your eye on the inverse ETF’s They trade well!
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.