Rick’s Featured Trade Ideas

NHTC/Long (Defensive sector)   NHTC was a featured trade idea on October 26 as it approaches the July highs with a bullish flag.  After a little consolidation, the Bulls came back in yesterday closing back over the T-Line and testing those July highs.

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

NHTC/ Profits through education  Oct. 29
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $
Risk Reward 9:1 depending on entry/exit/stop

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LOCK Members Trade Ideas on October 5
Member’s trade idea October 8,  (VTL) currently up96%
Member’s trade idea September 24, (NHTC) currently up 34%

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SPY:  Based on the bullish activity and the positive close on the SPY yesterday, it would appear the SPY is happy with what the Feds say.  The SPY continues to push in a bullish direction in the three major charts that I follow: 2 hour, 4 hour and the daily chart.  We have had a 19-day bullish T-Line run.  We are a little overbought and right in the middle of overhead resistance.  Following the price action will be so important, keeping an eye out for clues of continued bullishness or selling pressure.

IWM:   What a beautiful candle yesterday on IWM.  Unfortunately, it did not close over our resistance line.  The two-day and longer-term charts continue to struggle.
SMH:  A little overbought just as the SPY is, but holding fairly well.  I was a little disappointed in yesterday’s price action.  The 2-hour chart is showing signs of this run slowing down.
IYT:  And for our charts as well as the longer-term charts are showing that the transports are not as strong as they might appear.  The daily chart seems to be slipping into weakness and the 50-day period moving average will be important.
S&P VIX Short-Term Futures VXX:  Still suggests no fear in the market; although it’s trying hard to build a 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.