Rick’s Featured Trade Ideas

TOO/Long (Shipping) Rising T-Line™ | Bullish Engulf | PBO | Flag breakout | J-Hook continuation pattern

TOO| Plan your trade & trade your plan | April 20, 2016
Possible entry plan idea:   Buy box $6.30- $7.05
Possible stop plan idea:   Protective stop below $6.30
Swing trade playground:  $5.73 – $11.00
Playground risk reward:  11:1 + depending on | entry | exit | stop

SPY:  Price vs T-Line™ Bulls in charge
7:00 am:  The bullish trend continued yesterday with the SPY closing up .32% with a doji candlestick.  The T-Line™ continues to rise as well as all three of the main moving averages we use, that we call the big three.  There’s no question the market has had a big run and is probably in need of a little profit taking.  There’s also no question that we are high and tight up against resistance.  Remember that it’s price that decides whether we go up or down, and right now price is feeling like it wants to go higher.  We will continue to trade the bullish trend as long as the T-Line™ and price suggest bullishness.  When the T-Line™ and price suggest bearishness, we will look at shorts.

IWM:  Daily chart |Bullish trend
SMH:  Daily chart |Weakness |  Toppy
IYT:  Daily chart | Bullish | Testing a top
S&P VIX Short-Term Futures VXX:  Daily chart | No fear
USO Unites States Oil Fund:  Daily chart | Bullish trend still in play

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.