Rick’s Featured Trade Ideas

SGMO/Long (Healthcare Biotechnology)    SGMO is a Rounded Bottom Breakout chart pattern that has pulled back and found support above the 50-day simple moving average, turned and closed back above the T-Line™ and the 20 SMA and is in the process of forming a bullish J-Hook continuation pattern.

SGMO/ Profits through education  Nov 30
Possible entry plan idea:   Buy box $7.58 – $8.05
Possible stop plan idea:   Close below $7.58
Risk Reward 5:1 depending on entry/exit/stop

If you bought 100 shares of RLYP you would have $523.00 so far
Member’s trade idea November 19,  (RLYP) Long working 18%
Member’s trade idea October 26, (SGMO) Long working 11%
Member’s trade idea November 12, (STKL) long working 13%

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SPY:  Last week’s holiday trading proved to be flat at best on lower overall volume.  November’s high ($211.66) is directly above and will be the number for the Bulls to challenge.  In the meantime, the Bulls have formed a bullish chart pattern with a Bullish Engulf on November 16 followed by bullish follow-through and the T-Line run™.  Price has successfully flagged above the big three while using the T-Line™ and 20-day simple moving average as a support area.

IWM:  IWM gave a stellar performance last week, enclosed Friday about 1% from the 200-day simple moving average.  Caution, the 200 SMA often proves to need price consolidation.
SMH: Buyers in control – Bullish Flag, Piercing candle, Doji continuation pattern over the T-Line™
IYT:  Poised to challenge the 200 simple moving average
S&P VIX Short-Term Futures VXX:  No fear, sellers’ control, five-day bearish T-Line™ run.

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.