Rick’s Featured Trade Ideas

DATA/Long (Software) | RBB | Rising T-Line™ |PBO breakout |

DATA| Plan your trade & trade your plan | May 2, 2016
Possible entry plan idea:   Buy box $49.72- $51.83
Possible stop plan idea:   Protective stop below $49.72
Swing trade playground:  $49.72 – $61.55 = 24%
Playground risk reward:  11:1 + depending on | entry | exit | stop

SPY:  T-Line ™ chart is cracking
7:00 am:  Friday, the SPY closed below the $207.00 support line. After drawing a few lines and utilizing my Fibonacci tool, it looks like the $203.65 area is trying to lure price into the trap. If the SPY falls prey to the sellers and $203.65, and if the buyers can’t find a reason to be bullish, I suspect $200.00 to $199.75 will see some action.
The transport have slipped below the 34-ema.  Will the 50-sma be support?  The Semiconductor ETF (SMH) has lost its mojo (we have warned of this the last few weeks) and is now looking like $50.80 down to about $49.55 could see some action. The Q’s will likely test the March breakout of February 1, 2016.

All in all, the market is not acting like bullish traders would want it to. Caution not to force the long trades, as there will be many long trades to trade. Just use caution and check your playbook on how to trade in this type of market.  Hit and Run Candlesticks will be adding a few short trades to our game.
IWM:  T-Line™ chart |Below T-Line™|T-Line™ chart cracking
SMH:  T-Line™ chart |Below T-Line™|T-Line™ charted
IYT:  T-Line™ chart |Below T-Line™|T-Line™ charted
VIX:  T-Line™ chart | Deuce target setting up
USO :  Daily chart | Bullish trend still in play | T-Line™ Run | Watch upper deuce

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!
Members only
Keep your eye on the inverse ETF’s They trade well!
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.