Rick’s Featured Trade Ideas

GNC/Long (Pharmaceutical retail)  GNC has formed a Rounded Bottom Breakout from a Bullish Engulf with three days of follow-through.

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.

GNC/ Plan your trade & trade your plan  January 8, 2016
Possible entry plan idea:   Buy box $Reserved for Members
Possible stop plan idea:   Close Below $Reserved for Members
Risk Reward 5:1 depending on entry/exit/stop

100 Long shares of ABX would have netted you $100.00
Member’s trade idea December 14,  (ABX) Long 12%
Member’s trade idea December 4, (LEIH) Short  28%
Member’s trade idea August 12, (SA) Long 36%
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SPY:  We made it to another profit-taking Friday, China’s back to trading, employment numbers are today and the SPY is down 4.75% this week, short trades and inverse ETF’s rocked. We even made some money on long trades!

The SPY continues to show weakness cutting through the $195 area like it wasn’t even there.  I still believe the $192 – $188 area may be tested with a likely relief rally beforehand. The overall market has undergone tremendous technical damage, and for the indices to see new all-time highs, the indices will need to build quality reversal chart patterns.  Continue to make a plan for each trade and trade that plan!  Your first technical analysis of a chart is usually the correct one.

IWM: Sellers still control, very oversold, very soon we should see a relief rally.
SMH:  Sellers still control, very oversold, down too much too fast, relief rally soon.
IYT:  The weekly chart shows that IWM has close below the 200-period moving average and the 61.8% retracement,
S&P VIX Short-Term Futures VXX:  Once again, the weekly chart has formed a Rounded Bottom Breakout Pattern.
USO Unites States Oil Fund:  Looks like a bounce is in the cards.
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
Reserved for Members
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.