Rick’s Featured Trade Ideas

We have 13 members trade ideas but no featured trade idea today.

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

Hit& Run Candlesticks teaches you success
Member’s trade idea September 2,  (AMBA) short working 41%%
Member’s trade idea September 11, (ADPT) Short working 41%
Member’s trade idea September 15, (INSM) short working 34%

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SPY:  The spy continues to follow our downward channel that we drew and posted in the trading room several days ago.  We also posted in the trading room a horizontal resistance line at $204.70, and yesterday’s low was $204.82.  Yesterday’s bearish price action breached the 23.6 fib level and is now looking at the 38.2 at approximately $202.20.

The current swing traders’ trend is controlled by the sellers when you pair together the obvious points, current price candle suggesting bearishness and in another lower low, current price action is below the T-Line, the 20-day simple moving average, and the 200-simple, and the lower lows and lower highs that’s been printed.

IWM: Yesterday I posted that with the bearish engulf, IWM is likely to see the $116 area.  We blew right through that and landed on the 50-day simple moving average at $114.90.  I believe we’re likely to see a print below the 50-day simple moving average.  After yesterday’s bearish engulf, IWM is likely to see $116.00.
SMH:  If SMH closes below $52.90, I believe $51.44 is likely
IYT:  IYT continues to act like an old broken down car; it doesn’t work.
S&P VIX Short-Term Futures VXX:  For a couple of weeks now, I posted that VXX is constructing a short-term bottom.  I believe that’s very evident after yesterday and that the nonbelievers now believe.

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!
Symbols from TC2000

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.