Rick’s Featured Trade Ideas

INFN/Short (Technology sector)  Back in August, the bears were able to form the shooting star formation with strong follow-through.  From the October lows to yesterday’s closing Shooting Star, the Bulls were able to put together a 25% relief rally. INFN needs to see weakness before shorting.  The 50-day simple moving average needs to be breached.

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

INFN/ Profits through education  Nov 18
Possible entry plan idea:   Sell box $Members Only
Possible stop plan idea:   Close above $
Risk Reward 6:1 depending on entry/exit/stop

Hit& Run Candlesticks teaches you success
Member’s trade idea September 11,  (ADPT) Short working 54%
Member’s trade idea September 1, (INSM) Short working 34%
Member’s trade idea October 19, (LSCC) long working 19%
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SPY:  The buyers are having a little trouble getting through the line that the sellers have drawn which is $206.50 or the 200-day simple moving average.  Our downtrend channel continues to be the trend channel to follow for overall market direction.  In the trading room yesterday and last night e-learning, I pointed out that I still believe we may see a little more downside if only to retest the November low.  There are pockets of bullishness that can be found in the market. Because of Home Depot, home improvement was up 3.38% yesterday.  UNG, the natural gas ETF, may be setting itself up for short-term relief rally.  Basic materials, lumber and wood production has broken out of a bullish “W” pattern, just to mention a few.

IWM:  The T-Line continues to keep the Bulls trapped in a bearish posture.
SMH:  The last two days have shown that the Bulls are exercising their right, but they’ve yet to break out of the downtrend line.
IYT:  The transports continue to plague this market with weakness.  At this point there nothing but dead weight and a drag.
S&P VIX Short-Term Futures VXX:  From the late October early November rounded Bottom, to the 50-day simple moving average rally, and then profit taking with a bullish piercing candle yesterday.  The VXX chart is doing exactly what you would think bullish construction should be doing.
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.