Rick’s Featured Trade Ideas

ADRO/Long (Healthcare) Hammer | Dbl Bottom|  RBB  | Morning Star category
Learn more in the members area

ADRO| Plan your trade & trade your plan | April 7, 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

The chart to keep your eye on:  Dow Jones transportation average index ETF (IYT).  IYT has fallen below $139.73 and is very vulnerable under that level.

SPY vs T-Line™  Price > T-Line™ Choppy market
7:00 am:  Yesterday was another day of bullish magic when the buyers were able to open the SPY at $204.47  and close at the $206.42, a 1.9% gain from the previous day.
It looks as if we’re going to open with an inside day just above the support that we’ve seen for the past four days at the $204.00. I think thenumber one goal for the Bulls is to defend the $204.00 area while the number one goal for the bears is to crack $204.00.  If $204.00 is cracked by the bears, $201.75 will likely be tested, and, in my personal opinion, that’s putting this way too close to the edge.

IWM:  Daily chart | $108.53 key support
SMH:  Daily chart |Stays above water at 54.65
IYT:  Daily chart | Below 139.73 IYT is vulnerable
S&P VIX Short-Term Futures VXX:  Daily chart | Above 18.65 we might be seeing a bottom form.
USO Unites States Oil Fund:  Daily chart | 9.90 a key area for the buyers and sellers.

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.