Rick’s Featured Trade Ideas
XOMA/Long (Health Care) XOMA Was a members trade idea on October 23 and is now up 28%. XOMA is one of our Rounded Bottom Breakout patterns with price reaching the doorway to the gap yesterday.
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.
XOMA/ Profits through education Oct. 28
Possible entry plan idea: Buy box $ Members Only
Possible stop plan idea: Stop below $
Risk Reward 4.6:1 depending on entry/exit/stop
Hit& Run Candlesticks teaches you success
Member’s trade idea October 23, (XOMA) currently up28%
Member’s trade idea October 23, (AMKR) currently up 12%
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SPY: It’s all about the Fed, it’s all about the Fed. Yep today will be all about what the Fed has to say on when rates will be raised in their opinion on the economy.
In the meantime, the SPY continues to be bullish as it stays above the T-Line mixed with a little bit of consolidation around the 200 simple moving average area (pretty normal). I would suspect the market will be a bit slow with light intraday chop until the Miss Janet show.
IWM: Worked hard yesterday to show that it could drag the market down with a close below the T-Line and the big 31 needs to be a bit cautious also be being below the September high shows that the Bulls have no pull.
SMH: Being in a long T-Line run and then printing a bearish evening star with follow-through suggest that the run may be a little tired.
IYT: Has the transports run on a gas? The hangman plus the Doji with a gap down follow-through is not a good sound coming out of this engine. I believe finding support above the 50 day simple moving average is needed.
S&P VIX Short-Term Futures
VXX: Still controlled by the sellers and flirting with the T-Line
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!
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.
| Members only | Date | Long/Short | Try our Membership, Check out the Trading Room | |
| 10.8.15 | Bullish | Breakout setting up | ||
| 10.23.15 | Bullish | Needs to hold the trend line | ||
| 10.22.15 | Bullish | Needs to hold the trend line | ||
| 10.22.15 | Bullish | Watch for PBO | ||
| 10.20.15 | Bullish | Trying to bounce | ||
| 10.5.15 | Bullish | Continuation pattern | ||
| 10.5.15 | Bullish | Close below 33.32 | ||
| 10.6.15 | Bullish | Watch for PBO | ||
| 10.3.15 | Bullish | Trying to breakout | ||
| 8.28.15 | Bullish | Watch for PBO | ||
| Maybe | Starting to gather buyers | |||
| Bullish | Watch for PBO | |||
| Bullish | Raise stop | |||
| Bearish | Bears control |
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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