Rick’s Featured Trade Ideas

M/ (Department store)   (M) Macy’s Has formed a double bottom, Bullish Engulf closing over the T-Line then follow-through.  A near bullish kicker yesterday closed Macy’s up 8.16%.  I believe we can all make some money on this trade by proper management.

Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.

M/ Plan your trade & trade your plan  January 12, 2016
Possible entry plan idea:   Buy box $Member Only
Possible stop plan idea:   Close Below $Members Only
Risk Reward 7:1 depending on entry/exit/stop

100 Long shares of SIEN would have netted you $286.00
Member’s trade idea December 17,  (SIEN) Long 56%
Member’s trade idea November 24, (ROVI) Long 50%
Member’s trade idea December 17, (GFI) Long 12%
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SPY:  Think Relief Rally.  Yesterday we saw the SPY find a low $189.82 and lift about 1.11% creating a hammer just slightly above the 50% fib line. The market is very oversold, and it may be time we use our relief rally game plan.  In fact, all the trade ideas today will be longs, but remember we are in our relief rally game plan.
Relief rally points of interest are $194.10, $197.40, and $198.80 and would put you back to the 50% retracement of the recent bear run.

IWM:  Down eight days looking for a relief rally resistance $107.10.
SMH:  Landed on the 50% Fib line, resistance about $51.20.
IYT:  Need to be over $126.50, then maybe resistance about $129.25.
S&P VIX Short-Term Futures VXX:  The fear should calm down for a day or two.
USO Unites States Oil Fund:  Wait for it.
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!
Keep your eye on the inverse ETF’s They trade well!
Symbols from TC2000
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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.