Rick’s Featured Trade Ideas

MCO/Short (Business services)  MCO is suggesting more downside with price failing the 50- and 200-day simple moving average.

MCO/ Trade Planning = Profits  Jan 5
Possible entry plan idea:   Sell box $Members Only
Possible stop plan idea:   Cover Above $Members Only
Risk Reward 5:1 depending on entry/exit/stop

100 Long shares of SWHC would have netted you $429.00
Member’s trade idea January 4,  (HA) Short 7%
Member’s trade idea December 7, (SWHC Long  22%
Member’s trade idea December 21, (SKYW) short 8%
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SBUX Short has been a profitable trade with still more profits to come. Yesterday in the trading room several traders went long on Smith & Wesson (SWHC), Avid Technology (AVID) and SunEdison (SUNE).  To the short side, several members stepped into Hawaiian Holdings (HA), Comfort Systems USA (FIX) and Fossil Ink (FOSL)

SPY:  Yesterday, the first day of trading for the new year was not very encouraging if you focus on the market and you are bullish.  The bearish gap yesterday dropped the SPY right back to its lower downtrending trend line.  However, the Bulls came back and printed a book-perfect hammer by the end of the day.  Unfortunately, the hammer and the lower trend line might be good for a relief rally but not much more than that unless the Bulls truly take control.  While the market is controlled by the bears and many charts as well, there are plenty of long charts to be traded.  With proper management, “plan for your trade, and, of course, trade your plan.”  We can all make money with long and short trades.
 
IWM:  Sellers still control price and the T-Line needs to catch up.
SMH:  A successful landing on the 100 SMA, still a very weak chart.
IYT:  Take a look at the three-day chart, not pretty.
S&P VIX Short-Term Futures VXX:  Over the 200 SMA, we go in a bullish chart pattern forming.
USO Unites States Oil Fund:  Draw your support and resistance lines, trade from that, not where it is now.

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

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.