Rick’s Featured Trade Ideas

FIT/Long (Technology) Rising trend | RBB Pattern | Flag breakout

FIT| Plan your trade & trade your plan | April 18, 2016
Possible entry plan idea:   Buy box $16.09- $17.62
Possible stop plan idea:   Protective stop below $16.09
Looking for:  $19.80 – $24.30
Risk Reward 8:1 depending on | entry | exit | stop

SPY:  2-ema vs T-Line™ Short term bulls in control but weakening
7:00 am:  The children playing with oil didn’t get along and couldn’t agree on the rules this weekend, so back to their own little playgrounds they went.  The price of oil continues to drop which is simply putting some pressure on the market this Monday morning.  We might start to see support in USO around the $9.60 down to $9.25.
The SPY will test the T-Line™ today and likely drop underneath it.  If price can’t find support at $205.00, then $203.50 is likely to be tested once again. The SPY is back in its previous sideways choppy channel, so we will wait patiently for another clue to the swing direction.

IWM:  Daily chart |Doji at the 200-sma | Support $110.00
SMH:  Daily chart |Range bound  |  $ 53.65 support
IYT:  Daily chart | $139.90 support
S&P VIX Short-Term Futures VXX:  Daily chart | T-Line™ may get tested
USO Unites States Oil Fund:  Daily chart | Support $9.60 – $9.25

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.