Rick’s Featured Trade Ideas

CMRX/ Long (Healthcare biotechnology ) I will be Trading CRMX with the Pinball strategy tool with the close over the T-Line™ yesterday followed by a double bottom.

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.

Sold ZHGN yesterday 65.5% gain and covered WTW 21.13% gain a very nice day for Hit & Run Candlesticks. Read about our Trading Room

CMRX/ Plan your trade & trade your plan  January 21, 2016
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $Members Only
Risk Reward 8:1 depending on entry/exit/stop

SPY: If the spy went looking for the August 2015 low yesterday, it found it.  And then proceeded to put together an impressive bounce closing at 185.65.  Price and this recent trend is still controlled by the sellers, evidence of this is the inability to breakout over the T-Line™ or breakout over any one of its recent highs.

Any trading below 189.60 and above 181.00 will be the Bulls trying to construct a bottom. (We talked about a stool with three or four legs yesterday) Trading above 189.60 and the T-Line would indicate that the Bulls may have put together a relief rally, possibly about five points.

IWM:  Him above 101.30 and the T-Line would give the green light for a bullish relief rally.
SMH:  SMH needs to be above 48.10
IYT:  Above 121.70 the trend may start to change
S&P VIX Short-Term Futures VXX:  Getting a little toppy up there, long tall wick in the wrong place.
USO Unites States Oil Fund:  Gap down hammer, could be a sign we see a few buyers over the next week or two.  Above 8.95 would pull some buyers in..
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!

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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.