Rick’s Featured Trade Ideas

EROS/Long (Media)  EROS is producing a Hit-And-Run Candlestick Pinball setup, a left-sided scoop that’s beginning to look like a right-sided scoop as well.  Prices closed over the T-Line™ and the 20-day simple moving average.

EROS/ Profits through education  Dec 16
Possible entry plan idea:   Buy box $Member Only
Possible stop plan idea:   Close below $
Risk Reward 4:1 depending on entry/exit/stop

100 long shares of NTES would have netted you $2145.00
Member’s trade idea November 20,  (NTES) Long working $2145
Member’s trade idea December 15, RTK Long working 14.52%
Member’s trade idea November 3, (CASY) Long working $1758
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SPY:  Today’s the big Fed day!
The SPY gapped yesterday and managed to crawl to the 50-day simple moving average only to slip backwards closing underneath the T-Line™.  Overall, yesterday was a go nowhere day.  Visually, you can still see the bearish “M” pattern, but we all know that today could be a game changer and the market could run up or down.

1. My plan for the last couple of weeks has been to slowly move into cash, and I’m nearly there.
2. Today I will not buy the first two knee-jerk reactions.
3. I will stay focused on trends, support/resistance, candle and chart patterns.

IWM:  IWM produced an oversold bullish bounce still below the T-Line™.  The sellers still have control.
SMH:  And SMH closed higher 1.58% but still closed below the T-Line™
IYT:  The Transports continue to weigh on the market as the downtrend continues.
S&P VIX Short-Term Futures VXX:  The pullback to the T-Line and the Doji shows indecision.
Good trading to all!

IWM:  IWM produced an oversold bullish bounce still below the T-Line™.  The sellers still have control
SMH:  And SMH close higher 1.58% but still close below the T-Line™
IYT:  The transports continue to weigh on the market as the downtrend continues.
S&P VIX Short-Term Futures VXX:  The pullback to the T-Line and the Doji shows indecision.

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!
Symbols from TC2000

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.