Rick’s Featured Trade Ideas

SCLN/Long (Healthcare) Belt Hold | Bullish Engulf | LH-HL |

SCLN| Plan your trade & trade your plan | March 30, 2016
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $Members Only
Risk Reward 7:1 depending on entry/exit/stop

SPY and T-Line Swing Trade Attitude: Daily Chart Price & T-Line Bullish
7:00 am:  Over the past few days, the SPY has pulled back below its trendline printing a mini belthold and finding support just above the 38.2 fib line. Follow through with a Doji and then unleashing of a Bullish Engulf monster yesterday when Janet Yellin had a definite dove sitting on her shoulder.  The key today, or atleast over the next few days, is to close over the March highs and stay over the March highs.  The attitude of the current market is acting like it wants to challenge the November/December highs in spite of the resistance that lingers.

IWM:   Daily chart | The dove pushed us  to the bull side
SMH:   Daily chart | J-Hook continuation in the making
IYT:  Daily chart| PBO Bullish Engulf
S&P VIX Short-Term Futures VXX:  Daily chart | Sellers have control
USO Unites States Oil Fund:  Daily chart | Price below T-Line™ | Buy on a higher low

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!
Members 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.
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.