Rick’s Featured Trade Ideas

YOKU/Long (Technology)  In the YOKU chart, price has constructed a base for the past four weeks and broke out of the base highs on a bullish Doji continuation pattern and the big three on the 2nd.  Having two days of consolidation, it might be time to start negotiating an entry.

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.

YOKU/ Profits through education  Oct. 7
Possible entry plan idea:   Buy box $ H&R Members Only
Possible stop plan idea:   Stop below $
Risk Reward 4:1 depending on entry/exit/Stop

This is the place you ought to be!
WG/ member’s trade idea on OCT 5, up 64 %
TROX/ member’s trade idea on OCT 6, up 28 %
RCAP/ member’s trade idea on OCT 6, up 12 %
TRUE/ member’s trade idea on OCT 6, up 9 % Friday

Hit & Run Membership / Right Way Options
Membership Options – Click Here

SPY:  For the past six days, the Bulls have ripped through bear territory and now they’re able to see the bear camp.  The question is:  Can the Bulls tiptoe through this area without being eaten alive?  The Bulls still need to sneak through the $200 area and the 50-day simple moving average.  While the SPY has risen over 6% from its low, please keep in mind that the moving average trend is still a bearish picture with the big three stacked down and the T-Line still below all big three moving averages.

UWTI ETF, USO ETF and OIH ETF were three big winners yesterday.  USO is the only one where the T-Line is above the 34 EMA at the close of yesterday.

IWM:  For two days now, the $113.40 area has proven to be resistance as well as the 20-day simple moving average.
SMH:  Great move yesterday gapping and closing respectably above the 50-day simple moving average.
IYT:  Keep a close eye on the transports; the transports are having a little trouble negotiating a deal with the 50-day simple moving average and the 100-day simple moving average.
VXX:  Not much to say other than price is trying to consolidate after its recent bull run.

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.