Rick’s Featured Trade Ideas
AMCC/Long (Semiconductors) AMCC Has broken out of a bullish W pattern with a rally on the T-Line. Yesterday AMCC broke out of a bullish flag as well as the August high close.
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We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.
AMCC/ Profits through education Oct. 22
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $
Risk Reward 6:1 depending on entry/exit/stop
Members Trade Ideas
Member’s trade idea October 20, (ANGI) currently up 12% poised to move higher.
Member’s trade idea October 8, (VTL) currently up 26% PBO setting up.
Hit & Run Candlesticks/Right Way Options Membership Starts Here – Click Here
SPY: Yesterday the bears managed to paint a bearish engulf on the SPY which happens to be a resistance failure as well. My intraday charts are looking a little weak with price trying to pullback to the 34 EMA. On my four hour chart it looks as if price has been rejected from one of my 200 period Moving averages and wanting to test the other.
IWM: The bearish engulf print yesterday on IWM also engulfed the 50 and 34 moving averages as well is the T-Line, there is a possibility of the gap being filled at 110.63.
SMH: Still holding above the T-Line
IYT: Keep your eyes on the transports, weakness here can cause a slowdown in traffic
S&P VIX Short-Term Futures
VXX: Bullish morning star pattern yesterday closing above the T-Line, it would appear there’s a little fear starting to brew.
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.
| Members only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 10.22.15 | Bullish | Still a buy | ||
| 10.22.15 | Bullish | Still a buy | ||
| 10.20.15 | Bullish | Wait for PBO | ||
| 10.20.15 | Bullish | Will the 50 hold? Close if not | ||
| 10.12.15 | Bullish | Wait for PBO | ||
| 10.5.15 | Bullish | T-Line working/PBO area | ||
| 10.7.15 | Bullish | Love those profits! | ||
| 10.5.15 | Bullish | Watch for a breakout | ||
| 10.6.15 | Bullish | Watch for breakout | ||
| 10.3.15 | Bullish | Watch for PBO | ||
| 9.16.15 | Bullish | Close for now | ||
| 8.28.15 | Bullish | T-Line working | ||
| Above T-Line | Above 47.80 | |||
| Bullish | Took profits yest | |||
| Careful | ||||
| Bearish |
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.
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