Rick’s Featured Trade Ideas
ICON/Long (Apparel manufacturing) ICON Has constructed a bullish morning star signal on the 50 day simple moving average and a rising trend line.
Education builds confidence for success!
We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.
ICON/ Profits through education Oct. 30
Possible entry plan idea: Buy box $ Members Only
Possible stop plan idea: Stop below $
Risk Reward 6:1 depending on entry/exit/stop
Hit& Run Candlesticks teaches you success
Member’s trade idea October 5, (LOCK) currently up 55%
Member’s trade idea October 5, (RYAM) currently up 44%
Member’s trade idea September 24, (NHTC) currently up 47%
Hit & Run Candlesticks/Right Way Options Membership
Starts Here – Click Here
SPY: The SPY continues to show strength as it leads the T-Line. The T-Line is one of my major indicators to follow price action and short-term trend. You can see from your SPY chart that the Bulls have controlled the recent rally from early October. A good trader will always keep in mind where support and resistance are located compared to price.
IWM: IWM continues to show a struggle.
SMH: SMH is showing bearish follow-through from the evening star a few days ago; no price is below the T-Line now.
IYT: The Bulls have lifted us above the 50-day simple moving average, but it looks as if they are having trouble lifting us higher. In my opinion, IYT is still showing a struggle as of yesterday’s close.
S&P VIX Short-Term Futures VXX: Trying to build a bottom but still closing below the T-Line how tight can we get before there’s a pop one way or another?
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 | |
| 10.30.15 | Bullish | BOPT | ||
| 10.29.15 | Bullish | BOPT | ||
| 10.8.15 | Bullish | Set stop | ||
| 10.23.15 | Bullish | BOPT | ||
| 10.22.15 | Bullish | Close on weakness | ||
| 10.22.15 | Bullish | BOPT | ||
| 10.20.15 | Bullish | Close on weakness | ||
| 10.5.15 | Bullish | Gaps are gifts, manage trade | ||
| 10.6.15 | Bullish | Watch for PBO | ||
| 10.3.15 | Bullish | Boring, close | ||
| 8.28.15 | Bullish | BOPT | ||
| Bearish | No trade | |||
| Bullish | BOPT, raise stop | |||
| Bullish | Raise stop | |||
| Bearish | 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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