Rick’s Featured Trade Ideas

TNET/Long (Industrials)  TNET was on the members’ watchlist last week.  Still in the early rounded bottom breakout Friday and presented us with the Doji continuation pattern that could lead to a breakout that would put us in a gap nearing $24.50.

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

TNET/ Profits through education  Nov 9
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $
Risk Reward 8:1 depending on entry/exit/stop

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Member’s trade idea August 30,  (WTW) currently up 265%
Member’s trade idea October 6, (TRUE) currently up 42%
Member’s trade idea September 30, (MXL) currently up 41%

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SPY:  On Friday, the SPY closed down $.11with a lower low and the lower high. The SPY also closed below a trend line that needs to be noted (drawn from October 2 up to November 4); however, price did close above the T-Line.  With the SPY being so overbought, one has to wonder if the Bulls can protect the $207.50 area.

IWM:  Great job, Bulls!  A nice finish Friday suggesting the 200-day moving average and $121.60 could be the next target.
SMH:  SMH needs to be $55.65
IYT:  The Transports need to attack the 200-day simple moving average and win. If they cannot do this, there could be more downside and that could put price back below the downtrend line.
S&P VIX Short-Term Futures VXX:  The sellers are still in control while there are a few buyers trying to construct a mini bottom.

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.