Rick’s Featured Trade Ideas

TZA/Long (Small Cap Inverse)  In the TZA chart, it has tested support and two major moving averages.  The T-Line remained above the 34 EMA on the profit taking pull back, and now price has taken over the 20-day simple moving average.  The weekly chart has drawn a Doji followed by a Bullish Engulf.

Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.

TZA Profits through education  Sept. 24
Possible entry plan idea:   The buy box Members only
Possible stop plan idea:   below $
Risk Reward 5.5:1 depending on entry/exit/Stop
&nsp;
This is the place you ought to be!
**AMBA member’s trade idea on Sept 2,, short + 30%
EGY member’s trade idea on Aug. 18, up 27%
ZU member’s trade idea on July 16, up 35%
NAVB member’s trade idea on July 20, up 35%
LXRX member’s trade idea on Aug 13, up 42%
AERI member’s trade idea on Sept 11, up 71%
AU member’s trade idea on Aug 19, up 22%
CBLI member’s trade idea on July 17, up 27%
AMBA member’s trade idea on Sept. 2, up 44 %
ACI member’s trade idea on August 28, up 265 %
VXX member’s trade idea on August 28, up 66 %
UVXY member’s trade idea on August 19, up 203%
TZA member’s trade idea on August 6, up 37%
BTU member’s trade idea on August 20, up 54%
FTK  member’s trade idea on July 10, up 51%
ANAC member’s trade idea on July 10, up 75%
**EXEL member’s trade idea on July 17, up 62%
**Newly added or updated
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SPY:  A traders best friend is the trend, of course we need to know how to spot a trend and does the trend fit our trading time horizon?  There are a few tools that I think are top-notch to find a trend.  One is the use of higher highs and higher lows for a bullish trend or lower lows and lower highs for a bearish trend.  Another tool I use is comparing price with the T-Line and also comparing the T-Line to the 34 exponential moving average.  When we put those tools together and analyze the SPY, today they would tell you that the bears have control with lower lows and lower highs and price below the T-Line and the T-Line below the 34 exponential moving average.  Any relief rally can only be looked at as temporary until the proper reversal pattern is created and the tools are lined up.

IWM:  The IWM chart continues to suggest weakness as price leads the T-Line lower.
SMH:  Gap down Doji, followed by confirmation with the T-Line following.
IYT:   The bearish blue ice failure is still working this chart over.
VXX:  The recent consolidation may be preparing for a 27.50 retest.
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!
Members Trade Ideas below

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.