Rick’s Featured Trade Ideas

FB/Long (Internet content)   After consolidating for about a month, Facebook printed a Bullish Engulf on the 50-day simple moving average followed by a Doji continuation pattern that showed follow-through yesterday closing over the 20- day simple moving average and our downtrend line.  Watch for a close over the T-Line™.

FB/ Profits through education  Dec 17
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $
Risk Reward 15:1 depending on entry/exit/stop

100 long shares of FSLR would have netted you $1279.00
Member’s trade idea December 3,  (ENPH) Long working 110%
Member’s trade idea November 16, (FSLR) Long working $1279
Member’s trade idea October 23, (FPRX) Long working $1379
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SPY:  The SPY broke bullishly out of the downtrend line closing up 1.46% from the previous day.  The SPY also closed above the 50% mark of the bearish “M” pattern and closed above the big three.  As of yesterday’s close, the Bulls have gained control of the chart. The challenge now will be the resistance overhead at $209.97 and $211.00. Watch for any profit taking pullbacks; this is where the bears might try to ambush and pull the chart back down.

IWM:  About the only positive thing I can say about IWM is that it closed over the T-Line™; unfortunately, it has a lot of ground to cover.
SMH:  Putting the Bulls back in control.
IYT:  The Transports did close above the T-Line™ and now a bottom reversal pattern needs to be constructed.
S&P VIX Short-Term Futures VXX:  The fear was sucked right out of the market.
USO Unites States Oil Fund: Sellers in control, wait for a bottom.

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.