Rick’s Featured Trade Ideas

QLGC/Long (Technology data storage)  In the QLGC chart, currently a bullish scoop pattern is being formed with yesterday’s close over the big three.  Leading up to the scoop pattern, I see higher highs and higher lows and a couple of strong bullish buy candles.

NLNK Was a member’s short trade idea just a couple of days ago with a buy box entry.  Your pockets could’ve been filled with a little over 25%.

Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.

QLGC/ Profits through education  Oct. 1
Possible entry plan idea:   Buy box $ Members Only
Possible stop plan idea:   Stop below $
1st Risk Reward 4.6:1 depending on entry/exit/Stop

This is the place you ought to be!
*NLNK/short member’s trade idea on Sept. 28, up 25 %
*ADXS/short member’s trade idea on Sept. 29, up 25 %
HRTX/short member’s trade idea on Sept. 28, up 30 %

To see more Click Here

For only $2.74 a day, learn and earn at the same time!

SPY:  In yesterday’s morning note, I mentioned that the bears may take a rest and allow the Bulls to graze a bit.  It looks as if the Bulls took advantage and did a little grazing.  Closing yesterday with a bullish morning star off of the double bottom is likely to see a higher high today.  Over the next few days, it looks as if the Bulls could work themselves up to about $196.00, but that is also the area that I would become very concerned because the bears just might wake up.  The next area that I would be concerned about is $199.70.  Both of those areas show resistance and a possible ambush could be planned.

IWM:  A very short-term bullish play may be in the process.  The first reevaluation would be at the T-Line.
SMH:  I would be interested in SMH over the 50-day simple moving average.
IYT:  Until the transports successfully close over the 50-day simple moving average, they are just blowing their horn.
VXX:  Watch for profit taking back to about the 34 exponential.

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!
Members Trade Ideas below

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.