Rick’s Featured Trade Ideas

FB/Long (Technology Information)  In the FB chart, Prices rallied back over the big three and the downtrend line.  The recent pullback to the 50 day simple moving average appears to be offering a run to about $100 then 113.50.  Facebook has been talked about in the trading room for the last couple of days as a trade.  A few of us took it yesterday with a Bullish Engulf.

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.

FB Profits through education  Sept. 25
Possible entry plan idea:   The buy box $Members Only
Possible stop plan idea:   below $
Risk Reward 8:1 depending on entry/exit/Stop

Yesterday’s featured trade idea TZA was bought and sold with a small profit.
Congratulations to Doug and Right Way Options for killing the CAT trade!

This is the place you ought to be!
NYMX member’s trade idea on Sept 15, up 28%
AMBA member’s trade idea on Sept 2,, short + 30%
EXEL member’s trade idea on July 17, up 62%
For only $2.74 a day, learn and earn at the same time!
To see more Click Here

SPY:  Here we are at the end of another profitable week, yes there were losses but with proper stops and removing your emotions the losses are controllable and when put up against the larger gains success is clear.

In the trading room yesterday we could see that the market was attempting to bounce and beginning to form a hammer and that a relief rally may be in the cards especially after being down for the past six trading days and considerably oversold compared to the T-Line.  Without a bullish chart pattern formed I would expect nothing more than a relief rally.  The current daily spy chart still suggest that the sellers have control over all.

IWM:  Yesterdays hammer in the daily chart in the 2 hour chart suggest 115 – 115.60 which would put price above the T-Line.
SMH:  We could see another attempt at the 34 EMA and 50 day simple moving average.
IYT:   Nearing a little support and formed a little Doji yesterday, not very convincing and a little sluggish.
VXX:  Pushed back down by the 20 day simple moving average and resistance.

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!
Members Trade Ideas below

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.