Rick’s Featured Trade Ideas

LITE/Long (Communication equipment)  LITE has consolidated for about 11 days and formed a bullish morning star signal Friday.  Leading up to the consolidation, it was a very organized and strong T-Line™ run.

LITE/ Profits through education  Dec 14
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $
Risk Reward 8:1 depending on entry/exit/stop

100 short shares of SUPN would have netted you $556.00
Member’s trade idea September 10,  (SUPN) Short working $556.00
Member’s trade idea November 3, CASY Long working $1603.00
Member’s trade idea November 20, (NTES) long working $1331.00
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In Hit & Run Candlesticks profit-taking fashion, we closed out and profited on our SBUX, FB short Friday and our TZA long.  We were in great company with many in the trading room doing the same.  Long live the profits.

SPY:  The bearish “M” pattern was confirmed Friday by closing below the November 16 low.  Price continues to fade below the T-Line™ for the past four days and closed within pennies of our horizontal support line Friday.  Rumor has it that Wednesday will be the day the Fed will announce the rate hike.  In my personal opinion, the best thing for the retail trader to do is sit out of the market until the market gives a clear indication of the direction and most importantly with decision and without chop.  This is not likely to happen until after Wednesday.

IWM:  Other than being oversold, there are no signs of bullishness. Possibly a relief rally is in order.
SMH:  And SMH landed on the 200- and the 50-period moving averages.  As suspected being slightly oversold, the likelihood of a relief rally is fairly good, but a close over the T-Line™ is needed for any kind of a bullish run.
IYT:  Owned and controlled by the bears, price is quite oversold to the T-Line™ and a relief bounce is likely.
S&P VIX Short-Term Futures VXX:  The VXX has successfully broken out at a bullish “W” pattern.  Watch for consolidation here.

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.  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.