Rick’s Featured Trade Ideas

TUES/Long (Discount stores defensive)  TUES Has presented us with a bullish Harami double bottom that gapped and ran with a close above the big three after the long downtrend price action has started to turn and set the TUES chart up for one of our Rounded Bottom Breakout Strategies.

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.

TUES/ Profits through education  Nov 23
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $
Risk Reward 5:1 to 11:1  depending on entry/exit/stop

Hit& Run Candlesticks teaches you success
Did you know we have a 14-day trial for only 27.00? Click Here
Don’t miss out on profits and education.
14-day trial Click Here
Receive your password and login instructions within minutes, and join us in the trading room starting today. Read More

SPY:  Last week’s bullishness ended Friday with the Doji closing above the big three and the T-Line.  The Bulls continue to show strength. Last Monday’s Bullish Engulf had a classic bullish chart pattern rally with a Doji continuation pattern. Thursday and Friday ended up with Doji’s meaning two days of indecision or rest.  Depending on today’s candlestick, a close today above $207.30 would indicate that the Bulls are still in charge with just a minor profit taking pull back.

IWM:  The Bulls walked into the gap and met resistance at the 100-day simple moving average, closed with a high wick suggesting a little profit taking.
SMH:  Closed above the big three and the 200-day simple moving average as well as the downtrend line.  The close above the T-Line suggests the short-term buyers are in charge.
IYT:   The transports have done a great job the last few days by closing Friday with a Doji just underneath the 200-day simple moving average and a bit far from the T-Line would suggest a little consolidation today.
S&P VIX Short-Term Futures VXX:  The VIX chart sure looks like it’s trying to put together a fight.
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.