Rick’s Featured Trade Ideas

GPN/Short (Business services)  After the Doji Bearish engulf on volume, price has slid below the T-Line™ and the 20-day simple moving average on the daily chart currently forming a bear flag.
GPN/ Profits through education  Dec 9
Possible entry plan idea:   Sell box $Members Only
Possible stop plan idea:   Cover above $
Risk Reward 6:1 depending on entry/exit/stop

Buying 100 shares of VTL would have netted you $583.00
Member’s trade idea October 8,  (VTL) Long working 126%
Member’s trade idea November 11, (CENTA) Long working 16%
Member’s trade idea October 2o, (FCS) long working 23%
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More

SPY:  With price closing below the T-Line™ and the 34-exponential moving average yesterday, the right leg of the bearish “M” pattern continues to suggest that the November 16 lows may be tested.  If the November lows are tested and breached, that would paint a full bearish “M” picture.

I would suspect that the world will be looking at economic news coming out of the US the rest of this week and all of next week, and this news can be a game changer.  We will continue to trade both long and short.  Currently, our bias is more on the short side, but with the trading room and all the great traders, we are able to find excellent long trades to play.

IWM:  Yesterday’s gap down on IWM took us below the supporting trendline, and the closure below the T-Line™ suggests another day or two of bearish pressure.
SMH:  Gapping below the T-Line yesterday and follow-through off the bearish engulf weakens SMH.  For the most part, SMH is still holding strong.  Today could be an important day.
IYT:  While IYT continues to feel the pain of a bear, I think it will likely see a bit more before we see reversing Candlesticks.
S&P VIX Short-Term Futures VXX:  VXX seems poised to test the 200-day simple moving average and the November high, and a breakout of the November high would create a bullish “W” pattern.
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!
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.