Rick’s Featured Trade Ideas

OVTI/Long (Technology)  In the OVTI chart,  there is a bullish J-Hook breakout forming after a nice run and a PBO flag pullback followed by a Bullish Engulf.

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.

OVTI/ Profits through education  Oct. 2
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below
1st Risk Reward 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 wrote that the Bulls could work themselves up to about $196.00.  I’d like to adjust that up to about $196.35.  The bulls have taken us off of a double bottom and yesterday closed us over the T-Line.  In my opinion, we are only in a short-term rally, and the higher price goes and the closer we get to $196.35, the more protective I would be on my invested money.  The second target would be about the 50-day simple moving average, and once again I would be very protective about my money.  As of yesterday’s close, I still have no ETF’s that I watch where the T-Line has crossed back up or closed above the 34- exponential moving average.

IWM:  Closed yesterday below the T-Line; bears still control the T-Line trend.
SMH:  Will price close over the 50-day simple moving average today?  That would help the Bulls a great deal.
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
XOMA

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.