Rick’s Featured Trade Ideas

EA/SHORT (Gaming and media)   EA Has formed a three-month double top and at the end of October, a candle body island reversal was formed followed by weakness, lower highs and lower lows.  Yesterday’s candle nearly engulfed two bullish candles and did engulf the big three.  Weakness below the 23.6% would set EA up for a nice short

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

EA/ Profits through education  Nov 24
Possible entry plan idea:   Sell box $Members Only
Possible stop plan idea:   Close above $
Risk Reward 10:1 depending on entry/exit/stop

Hit& Run Candlesticks teaches you success
Member’s trade idea October 20,  (ANGI) Long working 69%
Member’s trade idea October 5, (LOCK) Long working 64%
Member’s trade idea October 5, (RYAM) long working 54%

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SPY:  The early morning futures are suggesting the sellers are a bit more active than the buyers, and if this turns out to be true at the open, we could see the sellers take control and start to trade price underneath the T-Line.  A pair of Doji’s Friday and Monday with a gap down today is not what the Bulls want to see on this Thanksgiving week.  Starting last week, I was talking about the $207.30 area and how important it is for the Bulls to control this area.  If the bears take control, price will start flirting with the 200-day simple moving average, and if the bears can close price below $206, then a test of the recent November low is possible.
Be a profit trader and sell into strength.

IWM:  I see a slight problem with IWM even though it closed up $.58 yesterday and above the T-Line.  It also closed with a possible bearish head and shoulders set up.
SMH:  Nasty looking evening star closing below the T-Line, 200-day simple moving average, 20-day simple.  Yikes!
IYT:   I give the transports one more day, but the reality is we have a bearish evening star and a double top at the 200-period moving average.
S&P VIX Short-Term Futures VXX:  Over $19.65 we could see a bullish rally.

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.