Rick’s Featured Trade Ideas

HA/ short (Hawaiian Holdings ) HA  is still showing signs of bearishness with a bear flag and a dark cloud cover failing the T-Line™.  Kudos to those still in the HA short, and it still looks as if we have 8 to 10% to go.

Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.

It’s looking like ZFGN will pay us well today!

HA/ Plan your trade & trade your plan  January 20, 2016
Possible entry plan idea:   Sell box $Members Only
Possible stop plan idea:   Cover above $Members Only
Risk Reward 2:1 depending on entry/exit/stop
In last night’s member e-learning, we talked about intraday charts and how you might use the 60-minute chart to help decide whether the daily chart was ready to be bought long.  I pointed out that the 60-min chart was not set up properly, and the SPY was not ready to reverse bullishly.

SPY:  Lower oil prices and continued concern about China cuts yesterday’s relief rally shorter than expected.  It looks as if we’re going to have another day on the dark side of the T- Line™ with price making yet another low.  The Bearish “M” pattern on the SPY weekly chart is still very much intact and thriving, and price is once again testing the 50% retracement, and without a bullish reversal, the 61.8 or the $178.90 area is in jeopardy followed by the 76.4% retracement and $170.15 area.

IWM:  No signs of bullishness, continue to stay short while price is below the T-Line™.
SMH:  The weekly bearish “M” pattern is still driving price toward the 200-weekly moving average.
IYT:  This chart is still traveling on the wrong side of the road to be bullish.
S&P VIX Short-Term Futures VXX:  The S&P 500 VIX is still showing a very bullish chart, slightly overextended, but bullish.
USO Unites States Oil Fund:  Oil continues to show no signs of a bullishness, and the black gold is more like a black widow spider, a killer.
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!
Symbols from TC2000
Members Only
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.