Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
OZM | RBB | PBO  |On Support

Double click the trade plan to enlarge

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator!
The SPY had bearish follow through yesterday on a failed high from the day before. Previous support has been $217.07ish only time will tell if it remains support. The SPY currently has 2 bearish shooting starts about a week apart, a trader just has to be concerned, (I know I am).
Many of the members have gone to cash or working themselves closer to cash. We all know that Jennet Yellen and Jackson Hole will play a big part in the future market direction and the SMART traders knows not to front run the news.
My friends there are times to be trading like a mad man and there are times to sit back and watch. What time is for you?
The 2 weakest sectors were Healthcare and Basic Materials and no sectors that lead the previous day.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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Members Daily Trade Ideas,
Reserved for Members Only
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains.  You must follow your trading rules for entry stops, profits or loses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!

Based on the close yesterday | Watch for the change
SPY:  T-Line™ & 2-hour chart | Weakening
IWM:  T-Line™ & 2-hour chart | Weakening
SMH:  T-Line™ & 2-hour chart | Weakening
IYT:  T-Line™ & 2-hour chart | Bullish trend for now
DIA:  T-Line™ & 2-hour chart |Broken
USO:  T-Line™ & 2-hour chart | Weakening
UUP:  T-Line™ & 2-hour chart | Broken
VIX: T-Line™ & 2-hour chart |Bullish trend for now

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.