Rick’s Featured Trade Ideas

VSTM/Long (Healthcare biotechnology)  VSTM – Consolidating for over a month now price has worked itself above the 20-day simple moving average and the T-Line with 30% to the 34 EMA, and the open of September 28 makes VSTM a pinball setup.  The recent string of inside days, a bullish morning star with follow-through has gotten my attention.
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.

VSTM/ Profits through education  Nov 6
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $
Risk Reward 5:1 depending on entry/exit/stop

Hit& Run Candlesticks teaches you success
Member’s trade idea August 30,  (WTW) currently up 170%
Member’s trade idea October 23, (ITG) currently up 29%
Member’s trade idea October 28, (FOLD) currently up 49%

Hit & Run Candlesticks/Right Way Options Membership
Starts Here – Click Here

SPY:  Yesterday the SPY pulled back to the T-Line, bounced a bit closing with a Doji off the previous day’s close by 10% or $.21, a typical slow, narrow-range day waiting patiently for the jobs report today.  Over the past 28 days, the SPY has seen about 11.7% with the past 27 days being supported by the T-Line.  As I mentioned yesterday in the trading room, the SPY is getting a bit tired and overbought, so the likelihood of consolidation, I believe, is very high, whether it started yesterday or starts a few days from now.   But a good bullish catalyst like a good jobs number and the Feds behaving well could pump enough energy in this market to even take us higher.  This is Friday and a great day to start counting your money; think profits and have a great weekend.

IWM:  Not a bad chart pattern overall on the daily chart other than it appears to be scared to death of the 200-day simple moving average.
SMH:  SMH might be in trouble.  I’m staring at two evening star signals: one above the downtrend line and one below the downtrend line.
IYT:  I’ve been very concerned about IYT for some time now.  A breakdown from here could put real pressure on this market.
S&P VIX Short-Term Futures VXX:  The VIX is still showing signs of constructing a bottom, not yet confirmed.

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.