Rick’s Featured Trade Ideas
CYBR/ Long (Technology) Cyber gapped up last week from a double bottom with a pair of Doji’s, currently a rounded bottom breakout pattern. Watch for the PBO and the breakout.
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.
CYBR/ Plan your trade & trade your plan January 14, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 5:1 depending on entry/exit/stop
SPY: Listen to and watch the charts for clues, and be careful not to jump in the water without testing for alligators. According to the morning futures, the SPY will be opening up sharper. Because we don’t think picking bottoms or catching falling knives is a good trading idea, we will allow a bottom to form before we become 100% bullish. Going into today, over $192.85 would show signs that the Bulls are
getting serious. and a close over $194.80 would put me in the bullish camp to about $200.00.
We will be looking at a few bullish trades today with the intention of taking profits into strength and being very cautious of intraday sell signals and resistance.
Today might be a great day to catch some day trading profits on charts that are pushed up by chasers.
IWM: Over the T-Line™ might suggest the Bulls have constructed a bottom.
SMH: SMH needs to prove to me it has power over the T-Line™.
IYT: Price closing under the T-Line keeps the bears in control.
S&P VIX Short-Term Futures VXX: Watch for the pullback today.
USO Unites States Oil Fund: A gap down Doji on Friday, I will be watching for a constructed bottom and maybe a little bullish rally over $9.50.
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
Members Only
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.
| Members only | Bias
Date 1-12-16 |
Try our Membership, Check out the Trading Room | |
| Below T-Line™ | Wait for buy signal | ||
| Seller control | Trading below T-Line™ | ||
| Bullish over T-Line | BOPT | ||
| Over extended | |||
| Bullish over T-Line | Sellers still control | ||
| Bullish over T-Line | Sellers still control | ||
| Bullish over T-Line | Sellers still control | ||
| Bullish over T-Line | Sellers still control | ||
| Bullish over T-Line | Sellers still control | ||
| Bullish over T-Line | Sellers still control | ||
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.
Comments are closed.