Rick’s Featured Trade Ideas

BBBY/Long (Retail)  BBBY  – October produced a Bullish constructed bottom with a filled rally the last few days, and it took us over the big three and the 50-day simple moving average that included a Doji continuation pattern.  Yesterday’s weakness and lower close may offer a PBO entry.  Let’s watch for a buy signal over the next couple of days.
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We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.

BBBY/ Profits through education  Nov 5
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $
Risk Reward 4:1 depending on entry/exit/stop

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Member’s trade idea September 30,  (MXL) currently up 37%
Member’s trade idea October 28, (CALA) currently up 29%
Member’s trade idea October 28, (FOLD) currently up 40%

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SPY:  The SPY held its bullish line yesterday closing above the T-Line, even though the close was less than the open down by 30% or $.64.   The volume of late on the SPY is suggesting that this 20-plus day rally may be losing some of its stem, meaning a little pullback might be healthy to attract new buyers.  Typically, smart buyers don’t like to buy in extreme overbought conditions.

IWM:  The Bulls managed to hold their ground yesterday closing with a Doji possibly setting up for a bullish Doji continuation pattern up to the 200-day simple moving average.  IWM will need reevaluating at that level.
SMH:  The candle pattern is suggesting a possible J-Hook breakout, but I wonder if there’s enough juice to push price over the top and hold it there.
IYT:  IYT continues to act like it has two flat tires, bad spark plugs and water in its gas.
S&P VIX Short-Term Futures VXX:  The short term futures brought in some buyers yesterday and managed to print a type of bullish morning star signal that closed over the T-Line.  Keeping my eye on this chart.

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.