Rick’s Featured Trade Ideas

PN/ Long (Insurance) PN Is a pinball strategy play with a bullish W pattern, a bullish piercing pattern with about 15% to the first target, 25% to the second.

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.

One of our trades in the trading room yesterday was TROV, and we had a 26.07% gain.
Read about our Trading Room It’s real and it’s Real Time!

PN/ Plan your trade & trade your plan  January 22, 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:  Another good day in the markets as far as trading went, and we certainly had good a good time with profits in the trading room.  Based on the trend, the bears still control the SPY as well as the rest of the indices.  On the daily chart price is still being held back by the

T-Line™, and on the hourly chart, price has yet to move above our bullish trigger line.  It’s Friday, so a great day to start looking at profits, adjusting your stops and all around  management of your trades.

IWM:  Still closing below the T-Line™ so advantage is with the sellers
SMH: Trying to form a bottom, but it really needs to close above the T-Line™.
IYT:  Maybe above $121.80, the transports might get interesting.
S&P VIX Short-Term Futures VXX:  Still trending above the T-Line, but it sure is starting to look toppy.  I’ve been long XIV for a couple of days now.
USO Unites States Oil Fund:  Hammer, Bullish Engulf, above $8.75 would get my attention.
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!
Today’s trade ideas 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.