Rick’s Featured Trade Ideas

MON/Long (Basic materials)  MON, after becoming a rounded bottom breakout on October 28, rallied for about 6% and has now pulled back forming a flag with a Doji Bullish Engulf, possibly setting up to run to approximately $100 and then consolidate then higher.

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We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.

MON/ Profits through education  Nov 10
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $
Risk Reward 5:1 depending on entry/exit/stop

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Member’s trade idea October 20,  (ANGI) currently up 29%
Member’s trade idea September 30, (NVDA) currently up 31%
Member’s trade idea November 6, (DWA) currently up 14%

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SPY:  The SPY was down yesterday .93% closing below the T-Line and putting the sellers in control of our short-term trend.  While the SPY was down yesterday, it is still above the big three and the 200-day simple moving average.

I couldn’t help but notice that the hourly chart was presenting a bearish blue-ice failure with a downside target of $206.00 and possibly $203.80.  With weakness below $206.95, the two-hour chart will have created a bearish “h” pattern.

IWM:  IWM’s weakness yesterday and chart patterns on the intraday charts are suggesting the 20-day simple moving average may soon be tested.
SMH:  SMH needs to hold $53.97.
IYT:  IYT needs to hold 144.72.
S&P VIX Short-Term Futures VXX:  Poised for short-term bullishness.

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. As you know some work and some don’t…Welcome to trading. 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.