Rick’s Featured Trade Ideas

GLUU/Long (Gaming and Multimedia)  GLUU has produced a bull kicker gap, closing up over the 50-SMA creating a rounded bottom breakout.  With a couple of bars of consolidation followed by solid bullishness yesterday and the beginning of a T-Line run™, GLUU has great profit potential for the swing trader.

$$$ If the trading room you’re in did not help you with the $DUST trade, you may be in the wrong room $$$.

GLUU Plan your trade & trade your plan  February 10, 2016
Possible entry plan idea:   Buy Box $Members
Possible stop plan idea:   Stop Below $Members
Risk Reward 17:1 depending on entry/exit/stop

SPY Attitude:  (Price will Attempt a Relief Rally) And it looks as if price will attempt a relief today, or, in another way to put it, price will try to sneak through a bearish feeding ground.  Everybody knows that the SPY is in a downtrend.  Where it gets fuzzy is how many ways can we paint an uptrend.  For each trader, the answer may be different.  For me, it’s simple; first, what is

price doing in relationship to the T-Line™?  Second, is there a faster moving average such as the 2-EMA or 3-SMA or 3-SMA above the T-Line?  If not, nine out of ten times, the immediate trend is still in bearish hands.

If the Bulls are going to put something together, they will need to attack this climb as if they were climbing a tree, one branch at a time.  The first branch the Bulls need to climb over is $189.50; the second branch is $194.65.  Be patient, be calm, have a few short setups ready to go.

IWM:  Hammer, inverted hammer, I see a possible relief rally.  Talk to me when price closes over the T-Line™.
SMH:  Sellers still in control while price is still below the T-Line™.
IYT:  Bullish morning star closing over the T-Line™, one for the Bulls.
S&P VIX Short-Term Futures VXX:  Overall still a Bullish chart currently under consolidation. 
USO Unites States Oil Fund:  Over $9.15 and we’ll put some trades together.
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!

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.