Rick’s Featured Trade Ideas

SKX/Short (Footwear and Accessories)  On all charts, SKX is tripping over its shoelaces.  The three-day chart caught my eye with a very clear bearish “h” pattern in the process and about a 25% profit target — my kind of trade.
I will be discussing this trade and many others in the trading room today at 9:10 AM Eastern.

SKX/ Trade Planning = Profits  Jan 6
Possible entry plan idea:   Sell box $Members Only
Possible stop plan idea:   Cover Above $Members Only
Risk Reward 8:1 depending on entry/exit/stop

100 Long shares of FSLR would have netted you $1920.00
Member’s trade idea November 16,  (FSLR) Long $1920.00
Member’s trade idea December 7, (SWHC) Long  36%
Member’s trade idea November 18, (INFN) short 17%
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More

SBUX Short has been a profitable trade with still more profits to come. Yesterday in the trading room,  Smith & Wesson (SWHC) was a big winner!, SkyWest Inc. (SKYW) has had a first-class ticket for the H&R Members that took advantage of the short flight.  Avid Technology (AVID) paid off well yesterday with a gap, and as we always say in the trading room, “gaps are gifts.” To the short side, several members are happy with Hawaiian Holdings (HA) and Fossil Ink (FOSL).

SPY:  The news of China has created pressure on the market causing the buyers to be a bit concerned and the sellers are taking advantage.  The downtrend continues with price testing the lower downtrend line and on the south side of the T-Line™.  On January 4 I wrote,  “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.”
 
IWM:  Not much to report, no bulls in the house.
SMH:  SMH looks like it’s headed toward $50.50.
IYT:  IYT is trying to visit its old friends around $125.50.
S&P VIX Short-Term Futures VXX:  Price is trying its darndest to pull the 20 SMA and 50 SMA above the 200 SMA; if this happens, the Bulls have reason to be frightened.
USO Unites States Oil Fund:  USO is going to test the lower support line today.  Oh, what will it give us?
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.