Rick’s Featured Trade Ideas

BCEI/Long (Energy sector)   From the October lows, we have a series of higher lows and higher highs and a Rounded Bottom Breakout pattern.  In the past eight days, the chart shows a double bottom and a breakout yesterday over the T-Line™ and a short-term downtrend line.
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We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.

BCEI/ Profits through education  Nov 25
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $
Risk Reward 4:1 / 14:1 depending on entry/exit/stop

Shorting 100 shares of INSM would have profited you $840.00 so far
Member’s trade idea September 1,  (INSM) Short working 34%
Member’s trade idea November 24, (TRUE) Long working 14%
Member’s trade idea November 4, (BCEI) long working 13%

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SPY:  The Bulls were able to recover yesterday’s early morning gap after opening below the T-Line™ (swing traders directional alert) and then closed back above the T-Line and the 20-day simple moving average for a .13% gain.  If yesterday’s low acts as support, then we have a seven-bar low to a high to a higher low, and now we will be looking for a higher high above $210.12.  If the Bulls can’t succeed in making a higher high, the sellers may take advantage and try to push price below today’s low.  Measuring from the October lows, the Bulls maintain control as long as price can control the T-Line™ and the 20-day simple moving average, the bias will be bullish.

IWM:  After yesterday’s .73% move, the next area of resistance will be $119.17.
SMH:  A bullish piercing candle opening below the previous day’s and then closing above the 50% line of yesterday’s candle, also closing back above the T-Line™.
IYT:  Not a good day for the transports — gapping down yesterday, and they did not recover as well as the rest of the market.  We need to have a little caution here.
S&P VIX Short-Term Futures VXX:  Yesterday’s close back below the T-Line™ suggests there’s not very much fear in the market.
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.

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.