Rick’s Featured Trade Ideas

ALKS/Long (Biotechnology) RBB | Double Bottom | Hammer| Flag | Continuation Pattern |
Learn more in the members area

ALKS| Plan your trade & trade your plan | April 1, 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: Price > T-Line™ CAUTION TODAY
7:00 am:  Wednesday the SPY closed with a gap-up Doji while the S&P 500 closed with a Bearish Shooting Star.  Thursday, we experienced mild weakness still closing above the T-Line.  Last night Japan had a very hard day dropping nearly 600 points, and there’s no doubt this is going to bleed over to the US market today.  In Wednesday’s note sent to your inbox I wrote:  “The key today, or at least over the next few days, is to close over the March highs and stay over the March highs.”  In Thursday’s note sent to your inbox I wrote:  “The SPY closed higheryesterday, just as we expected, based on the previous price action which can be seen through the candlesticks and candlestick pattern.”  Investors did leave us yesterday with a gap-up Doji deep into resistance territory.  This is a sign of caution as we may see a slight pullback/profit taking.  As long as price continues to close above the T-Line™, the Bulls will maintain the power, and a close below the T-Line™ would be a sign that the Bulls are passing the power on to the bears, and if we were to see a close below $201.50, I would take this as a sign that the bears have taken control of price.

IWM:   4-hr chart | A close below $109.25 would give the sellers a little control that could get worse.
SMH:   4-hr chart | $54.45 will be important for the bulls to defend.
IYT:  4-hr chart| IYT broke down yesterday in a warning; a close below $140.90 would point to more weakness.
S&P VIX Short-Term Futures VXX:  4-hr chart | Above $18.60, the bulls might try to take more
USO Unites States Oil Fund:  Daily chart | 10.10 is needed for bullishness

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.