Rick’s Featured Trade Ideas
No featured trade idea today; however, we will be discussing a few trades in the trading room before the market opens as we do every day.
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We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.
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SPY: Friday Morning Wrap
On Monday, the Bulls were able to find support at $202.18 and the top of the bullish “W” formation and then rallied with a Doji continuation pattern to close over 200-SMA, 20- SMA and the T-Line, which is a great indicator for who’s in charge of
the swing trade trend. Today will be important to see if the Bulls can close above $207.75. Anything below $207.30 would warrant caution and a close below $206 would suggest the sellers may be forcing a test of the recent low area. Continued strength off of yesterday’s Doji would be an indication that the Bulls intend to retest the November high of 211.66.
Good trading and have a great weekend!
IWM: Needs to clear 116.85 see bullish.
SMH: Needs to close above $54 to stay bullish.
IYT: Above one 4725 keeps it bullish.
S&P VIX Short-Term Futures VXX: Above 20.35 could set it off to test the recent high.
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.
| Members only | Date | Bias | Try our Membership, Check out the Trading Room | |
| 11.17.15 | Caution | Stop set? | ||
| 11.16.15 | Bullish | BOPT | ||
| 11.10.15 | Bullish | BOPT | ||
| 10.6.15 | Close | Close | ||
| 11.3.15 | Bullish | Needs to hold 25.60 | ||
| 10.8.15 | Bullish | BOPT | ||
| 10.23.15 | Bullish | BOPT | ||
| 10.5.15 | Bullish | BOPT | ||
| 10.6.15 | Bullish | BOPT | ||
| No trade | No trade | |||
| AAPL | Bullish | Watch for consolidation | ||
| FB | Caution | Needs over 108.25 or a short Candidate | ||
| NFLX | Profit taking | BOPT don’t get caught at the top | ||
| BIDU | Bullish | BOPT | ||
| TSLA | Caution | Needs to hold 220.00 or a short Candidate | ||
| AMZN | Caution | Needs to be over 672.86 or a short Candidate |
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.
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