Rick’s Featured Trade Ideas

TLRD/Long (Apparel Stores) TLRD | RBB| Bull Flag |  Morning Star | 120% gap fill opportunity

Hit & Run Members and Trading room: 
LXU 19%
SWKS 6%
OAS 18%
The place serious traders hang out.

TRLD| Plan your trade & trade your plan | March 18, 2016
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $Members Only
Risk Reward 8:1 depending on entry/exit/stop

SPY Attitude:  (Price > T-Line™ > 34-ema Bullish Trend) 
7:00 am:  The bulls continue to beat out the bears by keeping price above the T-Line™ and the T-Line™ is trending upward. Had a trader ask me last week if the SPY is bit  a overbought, and I replied, “Yes. it is, but remember, a chart can be overbought for a long time and price can still climb higher.”  Until investors decide that price needs to pull back, the trend will continue.  There is no doubt that we are overbought and stretched, but we need toalways follow the trend and let price (Candlesticks) be our signal to more short than long. (In this case)
USO hit the 100-sma and formed a Dark Cloud cover.  Over the next few days, we could see a test of the T-Line™.  This pullback could also affect the SPY in terms of a pullback, possibly the $201 area.

IWM:   4-hr chart | If $108.65 holds 112.40 is target
SMH:   4-hr chart | $55.65 is a good target with a bullish move
IYT:  4-hr chart| Pullback likely
S&P VIX Short-Term Futures VXX:  4-hr chart | Bears have control
USO Unites States Oil Fund:  4-hr chart | A retest of about $10.00 may be in the cards

Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (or more) within the next few days.  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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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.
To see all of today’s trade ideas Click Here

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

plies 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.