Rick’s Featured Trade Ideas

NOW/Long (Information Technology) RBB | Double Bottom, Morning star
Learn more in the members area

NOW| Plan your trade & trade your plan | April 5, 2016
Possible entry plan idea:   Buy box $Members only
Possible stop plan idea:   Close below $Members only
Risk Reward 4:1 depending on entry/exit/stop

SPY and T-Line™ Swing Trade Attitude: Price < T-Line™ CAUTION TODAY
7:00 am:   Yesterday printed an inside day bearish Harami after a flag Bullish Engulf.  This morning it looks like the futures have weakness.  This suggests the Bullish Engulf was not strong enough to carry the buyers higher at this time. If the bears continue their strength today, we will see a close below the T-Line™, and that would put$201.50 area on the chopping block.   The $201.50 area is an important support level because of the multiple battles the Bulls and Bears had before the Bulls can take us to above $206.00.

A very important aspect of candlestick trading is to realize that a candlestick signal or candlestick pattern is a clue to what may come.  Can you spot the bearish island reversal and bear kicker on USO?

IWM:  30-min chart | printing a bearish “M” pattern
SMH:  4-hr chart |Gap up shooting star close with follow through
IYT:  2-hr chart| Blue ice fail
S&P VIX Short-Term Futures VXX:  2-hr chart | Doji continuation setting up
USO Unites States Oil Fund:  4-hr chart | Sellers control the T-Line™

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.