Rick’s Featured Trade Ideas

SBUX/Short (Restaurants)  From early November, Starbucks has continued to print lower highs and lower lows, and last week Starbucks successfully created a blue-ice failure.

SBUX/ Trade Planning = Profits  Jan 4
Possible entry plan idea:   Sell box $Members Only
Possible stop plan idea:   Cover Above $Members Only
Risk Reward 4:1 depending on entry/exit/stop

100 Long shares of CSIQ would have netted you $432.00
Member’s trade idea December 17,  (SIEN) Long  16%
Member’s trade idea December 15, (CSIQ Long  17%
Member’s trade idea December 4, (CENTA) short 12%
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SPY:  The daily weekly and monthly charts are all presenting a bearish attitude.  From the November high, the SPY has continued to post lower highs and lower closes, all signs that the sellers are in control.  The weekly 23.6 Fibonacci projection puts price at the $198 area with a $195 gap fill target if the buyers can’t put together a complete reversal rally.  We held our TZA long and our SBUX short over from last week, a great start to the 2016 year.
 
IWM:  IWM had a bad week last week closing below the higher-low support line. December low will likely test.
SMH:  The bearish chart pattern suggests price is headed to the 100 sma.
IYT:  IYT is setting up for another bearish “h” pattern?
S&P VIX Short-Term Futures VXX:  Closing over the 200 sma would create a great deal of fear.
USO Unites States Oil Fund:   Flirting with trying to build a bottom, no confirmation.

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!

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.