Rick’s Featured Trade Ideas

SPXC/Long (Industrials) SPXC | Has formed a fry pan bottom | RBB Rounded Bottom Breakout | Bullish Kicker | By following our profiting swing trade rules.  We all have the opportunity to make 15-40% at least over the next few weeks.

Hit & Run Members and Trading room: 
jerry g: DDD up 37%, bot weekly puts to protect with earnings on Monday instead of stop.
J-rod .: Hey, thanks for the heads up on Macy’s a couple days ago. Calls doing well.
Ed E.: up $600 on MBLY, on 300 shares.
The place serious traders hang out.

SPXC | Plan your trade & trade your plan | February 29, 2016
Possible entry plan idea:   Buy box $10.00- $11.16
Possible stop plan idea:   Stop below $10.00
Risk Reward 6:1 depending on entry/exit/stop

SPY Attitude:  (T-Line™ > 34-ema Bullish Trend) 
Friday’s almost dark cloud cover candle suggested that we would see a lower low today below $194.90 with a possible test of the T-Line™.  Today I will be using the T-Line™ as my lower trend line, and a close below the T-Line™ would suggest that the sellers are starting to take control, which would mean $191.00 could be targeted.  If the Bulls fail to

hold ground and protect $191.00, then the February 24 low will surely be tested.  As I mentioned last week, the February 24 low of $189.32 is a very important pivot level, and a failure could set the bears up for the next leg down.

IWM:   Consolidation likely
SMH:   Watch price and the T-Line™
IYT:  IYT has tagged our target, now may need a rest.
S&P VIX Short-Term Futures VXX:  Bullish piercing candle suggest a T-Lin5 test or higher.
USO Unites States Oil Fund:  Still playing with the bottom.

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!
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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.

2-sma > T-Line™ = Minor trend up
T-Line™ > 34-ema = Intermediate trend up
2-sma < T-Line™  = Minor trend down
T-Line™ < 34-ema = Intermediate trend down

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.