Rick’s Featured Trade Ideas

ELNK/Short (Communication)  In the ELNK chart, the daily price has closed below the big three and the T-Line caused by the bearish evening star with a bearish continuation pattern.  On the weekly, there is a bearish dark cloud cover followed by a bear flag and a Bearish engulf.  Price action on the two-hour chart has already failed the T-Line Trend test and the deuces, and the four-hour chart has also failed the T-Line Trend test and is getting ready to test the deuces.

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.

ELNK Profits through education  Sept. 21
Possible entry plan idea:   The sell box $8.55 – $8
Possible stop plan idea:   Above $8.55
Risk Reward 5.5:1 depending on entry/exit/Stop

This is the place you ought to be!
**EGY member’s trade idea on Aug. 18, up 27%
**ZU member’s trade idea on July 16, up 35%
**NAVB member’s trade idea on July 20, up 35%
LXRX member’s trade idea on Aug 13, up 42%
AERI member’s trade idea on Sept 11, up 71%
AU member’s trade idea on Aug 19, up 22%
CBLI member’s trade idea on July 17, up 27%
AMBA member’s trade idea on Sept. 2, up 44 %
ACI member’s trade idea on August 28, up 265 %
VXX member’s trade idea on August 28, up 66 %
UVXY member’s trade idea on August 19, up 203%
TZA member’s trade idea on August 6, up 37%
BTU member’s trade idea on August 20, up 54%
FTK  member’s trade idea on July 10, up 51%
ANAC member’s trade idea on July 10, up 75%
EXEL member’s trade idea on July 17, up 60%
**Newly added or moved higher yesterday
**For only $2.74 a day, learn and earn at the same time!
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H&R members and the trading room knew about CHK on September 15.

SPY:  Last week Price failed at the 34 EMA gapping down Friday and closing at $195.45 and below the T-Line.  The T-Line is also running below the 34 EMA and the 34 EMA is running below the 50 SMA.  The picture is very clear that the sellers are in charge.  The candlestick price action of Thursday and Friday also suggest that the Bulls have very little strength.

IWM:  Outside of minor relief rallies, the bears are still steering the course for IWM.
SMH:  SMH is in the process of a classic blue ice failure.
IYT:   IYT’s having trouble with the sellers downtrend line, also finding itself in a blue ice failure pattern.
VXX:   Finds itself in an overall bullish pattern as we have stated for the last couple weeks.  The recent correction to the 50-day simple moving average found support which gaps and closes over the 200 SMA and the T-Line.  This gap was a bit overzealous, and we’re likely to see a little consolidation today, but remember, the S&P 500 short term futures VXX is a bullish chart.

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.