Rick’s Featured Trade Ideas

Folks there are some days it’s best to just go fishing.
I feel that trading today or maybe the next few days would a tug a war between equal powers and nothing really happens, the fruit will be ripe for the picking very soon.

Good Morning, Profit Traders,

For now, the SPY is happy with $212.31 acting as support, but we have yet to see bullish follow-through to suggest the bulls are taking the game back.  The T-Line™ is below the 34-ema, and price remains under the T-Line™.  This is a smack in the face that the sellers still overwhelm the buyers.  $215.55 is still the first upper resistance line the bulls need to attack and win.  A close below $212.55, the battleground becomes the $210.25 area.  Price is below all of our intraday deuce trios except for the 4-hour chart which is right in the trio middle.

Something to Think About – A cluster of narrow range candles often leads to big profits.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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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 losses. 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 | Sellers in control
IWM:  T-Line™ & 2-hour chart | Sellers in control
SMH:  T-Line™ & 2-hour chart | Sellers in control
IYT:  T-Line™ & 2-hour chart | Sellers in control
DIA:  T-Line™ & 2-hour chart |Sellers in control
USO:  T-Line™ & 2-hour chart | Sellers in control
UUP:  T-Line™ & 2-hour chart | Buyers in control
VIX: T-Line™ & 2-hour chart |Buyers in control
Investing and Trading involve 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 involve significant financial risk. No communication should be construed as financial or trading advice. All information provided is for Educational Purposes Only.
Investing and Trading involve 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.