Rick’s Featured Trade Ideas

CUDA/Long (Communication) Trend line support | RBB| PBO support |  Morning Star

CUDA| Plan your trade & trade your plan | March 29, 2016
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $Members Only
Risk Reward 6:1 depending on entry/exit/stop

SPY and T-Line Swing Trade Attitude: 60-min T-Line < 34-ema
7:00 am:  Price will slide below the T-Line™ today; whether or not it stays there is something we’ll have to wait for.  The SPY has enjoyed a very nice rally from mid-February until March 17.  On March 22, the SPY showed signs of weakening and not enough energy to push higher.  On March 24, the SPY gapped down below the bullish trend line, and this is a sign of weakness compared to its recent trend.  March 17 to the 22nd also ran into a great deal of horizontal resistance inthe $205.00 area.  The Bulls will need to put together a great deal of energy to successfully control $205.00.  Perhaps this can be done with the help  of Janet Yellin or maybe Janet makes it worse.  Stay tuned because we will know later today.
USO – Remains under the T-Line following a bear kicker and the near island top; continued weakness would likely pull the market down as well.

IWM:   30-min chart | I am seeing a red-ice failure with weakness at the trendline.
SMH:   30-min chart | Price is failing the 34-EMA and the T-Line has slid to weakness.
IYT:  30-min chart| The T-Line and price have been pointing to weakness since March 23
S&P VIX Short-Term Futures VXX:  30-min chart | Over $19.45 and the Bulls may wake up
USO Unites States Oil Fund:  30-min chart | The T-Line and price has lost its mojo.

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

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.