Rick’s Featured Trade Ideas

ICON/Long (Apparel)  ICON above $7.50, this RBB setup has a high probability to pay off; however, it will need the help of the market.
The Hit & Run Candlesticks trading room offers education and great trade ideas.

$$$ Trading Room Profits Monday were great with SBUX, MXL, and NFLX $$$

ICON Plan your trade & trade your plan  February 9, 2016
Possible entry plan idea:   Buy Box $Members Only
Possible stop plan idea:   Stop Below $Members Only
Risk Reward 5:1 depending on entry/exit/stop

SPY Attitude:  (The bear is in Charge! – Timing is everything.) 
The Bulls were able to defend $184.75 printing a dragonfly/hammer candle, and it is possible that this candle and the bull action yesterday could cause a very small relief rally, maybe to $189.05, but I doubt seriously the bear is ready to give in.  With nothing

pointing to the bear giving up, our next major downside target is about $175.50.  Of course, there will be minor relief rallies along the way.

IWM:  The sellers are still in control, and a double bottom is not a buy signal.
SMH:  Sellers still in control while price is still below the T-Line™.
IYT:  Still holding up pretty well, higher lows.
S&P VIX Short-Term Futures VXX:  Yesterday’s gap caused a Shooting Star, a little consolidation likely.
USO Unites States Oil Fund:  This oil well is still under play, pressure from the sellers.
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!
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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.