Rick’s Featured Trade Ideas

FB/Short (Internet Content) | RBB Top| Dark Cloud Cover |Lower Highs |

FB| Plan your trade & trade your plan | April 27, 2016
Possible entry plan idea:   Short box $109.95- $107.55
Possible stop plan idea:   Protective stop above $109.95
Swing trade playground:  $109.95 – $101.35 = 7.5%
Playground risk reward:  5:1 + depending on | entry | exit | stop

SPY:  Trending Bullishly – Cation today could be crazy
7:00 am:  I suspect that all the talk today will be about AAPL even more so than the FED, and I suspect if the Fed disappoints like Apple did, this market may be on a crazy roller coaster ride.  Until the ride starts, let’s keep focused on the chart and what it’s up to.  Yesterday, the SPY closed up $.31 with a Doji on the bullish side of the T-Line™.  I’ve talked about the $207.00 area quite a bit over the last few days and how important it is for the Bulls to defend.  The $207.00 area remains very important because it represents a major support area.  If price runs below $207.00, then $203.50 then $201.50 become targets. A bullish rally from there could set us up for a bearish head and shoulders pattern. I can already see that volume in the market has been weakening just by putting a 50-day moving average on the volume bars.  Yesterday I was talking with one of the Hit-And-Run Candlestick members, and they pointed out to me that the money flow index on the SPY has weakened as well as TSV; these are all hints and clues of how the market may react in the future.  On the other hand, On Balance Volume remains bullish.

Always keep your eyes on price and chart patterns, because in my opinion, they are the best predictors of what the market is thinking.  Always be aware of support and resistance, and ask yourself what happens if price falls through one support area.  It’s not complicated; it simply means that the next area of support is the target.

IWM:  Daily chart |T-Line™ Run| Warning AAPL and FED
SMH:  Daily chart |Fighting the T-Line™ | Needs to get bullish | Warning
IYT:  Daily chart | Needs to get bullish |Stagnant | Warning
S&P VIX Short-Term Futures VXX:  Daily chart | No fear reported yesterday
USO Unites States Oil Fund:  Daily chart | Bullish trend still in play | Nice 4-bar flag

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.