Rick’s Featured Trade Ideas

TNGO/Long (Technology sector)  TNGO  – About 13 days of consolidation and a little flag PBO followed by a Doji Bullish Engulf the last two trading days.  Also, the November 2 Doji found support.  TNGO is also a Hit-And-Run Candlestick Signature rounded bottom breakout.
Education builds confidence for success!
We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.

TNGO/ Profits through education  Nov 4
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $
Risk Reward 7:1 depending on entry/exit/stop

Hit& Run Candlesticks teaches you success
Member’s trade idea September 24,  (NHTC) currently up 58%
Member’s trade idea October 23, (XOMA) currently up 81%
Member’s trade idea October 5, (RYAM) currently up 46%

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SPY:  Yesterday, the buyers outweighed the sellers closing the SPY up $.61 or 29% and approximately $2.21 or 1.05% from our next swing target of $212.60.
The SPY has produced a T-Line run for the past 24 days.  In 2014, there was a bullish T-Line run for 29 days.  As of the close yesterday, it appears that the SPY is tuned up and running well, no visual sell signals other than it is getting extremely stretched out and overbought.  Right now I’m expecting the SPY to hold its ground or even squeak out yet a higher number into the jobs report this week.

IWM:  The Bulls are in control, and we are still looking for a target just under or possibly the 200-day simple moving average.
SMH:  On weaker volume, SMH is trying to retest the recent highs.
IYT:  Bullish Engulf and Doji continuation pattern the past five days has pushed price above the T-Line and the big three.  The larger chart pattern still has challenges.
S&P VIX Short-Term Futures VXX:  Still controlled by the sellers and obviously no fear as of yesterday’s close.

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!
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.