Rick’s Featured Trade Ideas

EBIX/Long (Software) | Hammer/ Confirmation | Flag | Rising T-Line™
EBIX| Plan your trade & trade your plan | May 3, 2016
Possible entry plan idea:   Buy box $48.15- $52.28
Possible stop plan idea:   Protective stop below $49.15
Swing trade playground:  $48.15 – $63.13 = 30%
Playground risk reward: 13:1 + depending on | entry | exit | stop

SPY:  T-Line ™ chart is cracking
7:00 am:  When you are a member of Hit-and-Run Candlesticks or Right Way Options, you learn trading techniques that are so very valuable, and you can take them anywhere; such as the meaning behind candlestick signals and patterns, the meaning by Western chart patterns, support and resistance and, of course, price action. When you put this knowledge together, you understand the importance of the $207.00 level on the SPY, and you understand the future chart patterns that could be built based on current chart patterns, candlestick signals and price action. For a couple of weeks now, we have spoken about the bullish and bearish logic behind the $207.00 area in both the morning blog post and in the trading room.

Price closed up .79% or $1.64 yesterday above the 20-day simple moving average, above the $207.00 level and even above the T-Line™.  Something we have all learned about candlestick signals is that they require confirmation.  Something we learn about resistance is that price action must break through it.  Look at your SPY chart and draw a line from the most recent two highs.

Trading knowledge ignites successful stock trading.
All the best to your trading success!

Rick

IWM:  Daily chart |Above $114.23 bullish | Below $127.57 weak

SMH:  Daily chart |Below $52.40 weak

IYT:  Daily chart |Below $141.45 weak

VIX:  T-Line™ chart | Above $15.80 bullish

USO :  Daily chart | Below $11.09 weak

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.