Rick’s Featured Trade Ideas
AET/ (Healthcare) AET continues to fail the upper downtrend line. The descending triangle and the weekly bear flag may find itself giving way in the next few days.
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AET/ Plan your trade & trade your plan January 11, 2016
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 14:1 depending on entry/exit/stop
100 Long shares of ABX would have netted you $1428.00
Member’s trade idea September 29, (FTNT) Short 33%%
Member’s trade idea November 18, (INFN) Short 23%
Member’s trade idea October 29, (UA) Short 22%%
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SPY: Friday was more proof that the sellers are controlling this market. The SPY was down 1.10% for the day and 5.86% for the week. Last week, price cut through our 23.6% retracement, and as it stands now, the 38.2 fib retracement is in jeopardy. I still believe the $188 area on the SPY is what this recent bearish move is looking for. With this in mind and the current trend confirming short positions, inverse ETF’s are still the moneymakers. We will also be able to find profits in long charts with specific setups and trade very short-term.
IWM: Is currently testing the weekly 200-period moving average and the October 2014 low. I see no bullishness as of Friday’s close.
SMH: It looks like SMH is on its way to test the September 2015 lows.
IYT: IYT has closed below the weekly 200-day simple moving average.
S&P VIX Short-Term Futures VXX: The VIX is putting together a strong weekly rounded bottom breakout.
USO Unites States Oil Fund: Oil just cannot put any bullishness together. USO continues to close lower.
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!
Symbols from TC2000
—————Short
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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.
Members only | Date 1-5-2016 |
Bias | Try our Membership, Check out the Trading Room | |
Trending down | No buy signal | |||
Seller control | Below 15.00 short | |||
Weak | Below 56.50 short/short on bounce | |||
Bullish | Pull back likely | |||
Bearish | Short on bounce | |||
Weak | 90.00 target | |||
Bullish | Needs to hold recent low | |||
Trending down | Short on weakness | |||
Bearish | Short on bounce | |||
Bearish | Short on bounce | |||
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.
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