Rick’s Featured Trade Ideas
YELP/Long (Internet Content) In the past three months, YELP has created a double bottom, a Bullish Engulf and a bullish cradle pattern. Yesterday’s candle rose 8% on high volume producing a big three squeeze.
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We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.
YELP earnings Tomorrow!
YELP/ Profits through education Oct. 27
Possible entry plan idea: Buy box $H&R Members Only
Possible stop plan idea: Stop below $
Risk Reward 12:1 depending on entry/exit/stop
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Member’s trade idea October 23, (GIG) currently up16%
Member’s trade idea September 15, (MUSA) currently up 26%
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SPY: A slow day yesterday but price did hold above the T-Line and the 200-day simple moving average. It’s likely to be slow today as we approach Wednesday’s Fed report. If you’ll notice, price ran up pretty high and fast putting quite the gap between the 20-day simple moving average and the 34-exponential moving average. This will also cause price to slow down and wait for the moving averages to catch up. As I mentioned in the room a couple of times, price may simply be consolidating around the 200-period moving average. At the moment, the Bulls continue to control the trend while they’re swimming in heavy resistance. Let’s hope they don’t drown.
IWM: A little weak yesterday up against the bearish engulf four days ago; let’s watch the tree shake today.
SMH: The last three days, SMH has painted an evening star. Price support is in the low $53 area. This will be a fun battle watch.
IYT: IYT has tried to breakout, just can’t seem to. Maybe it’s waiting for the bus to fill up.
S&P VIX Short-Term Futures
VXX: Buyers are starting to gather around as if they’re trying to build a bottom to push up through the T-Line. We will see.
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.
| Members only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 10.8.15 | Bullish | Breakout setting up | ||
| 10.23.15 | Bullish | Continuation pattern | ||
| 10.22.15 | Bullish | Follow lower trend line | ||
| 10.22.15 | Bullish | Continuation pattern/flagging | ||
| 10.20.15 | Bullish | Close on weakness | ||
| 10.20.15 | Bullish | Most stops should have been hit | ||
| 10.12.15 | Bullish | Close on weakness | ||
| 10.5.15 | Bullish | Continuation pattern | ||
| 10.5.15 | Bullish | Close below 33.32 | ||
| 10.6.15 | Bullish | Needs buyers | ||
| 10.3.15 | Bullish | Trying to breakout | ||
| 8.28.15 | Bullish | Support 2.67 | ||
| Maybe | Starting to gather buyers | |||
| Bullish | Wait for a bullish sign | |||
| Bullish | Raise stop | |||
| Bears control |
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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