Rick’s Featured Trade Ideas

PTLA/LONG |RBB| H’er H / H’er L | T-Line™ Run | 3-D Piercing Candle

PTLA| Plan your trade & trade your plan | May 24, 2016
Possible entry plan idea:  Buy box $25.23- $26.88
Possible stop plan idea:   Protective below $25.23
Swing trade playground:  $25.23- $33.30=31%
Playground risk reward: 9:1 + depending on | entry | exit | stop

SPY:  Can the Bulls keep their pre-market move going?
7:00 am:  Morning futures taking on the upper trend line.
The SPY traded in such a tight trading range yesterday that one has to ask, “Is everybody on vacation?” No, everyone’s not on vacation.  The market has just not made its mind up whether the Bulls or the Bears are going to take charge and lead.  Most chart technicians can make a Bullish or a Bearish argument on the SPY chart, such as most technicians can see the bearish head and shoulders formation, but there is yet to be a breakdown below the neck line.  Most bullish technicians know this recent pullback has found support near the 23.6 Fibonacci retracement line and that the Bulls are simply building an army.  What all chart technicians agree upon is that price needs to break above the upper downtrend line and clear the $207.00 area that Hit and Run Candlesticks has been talking about for about the past two weeks.

Trading knowledge ignites successful stock trading.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
IWM:  T-Line™ chart |Price needs 12.50
SMH:  T-Line™ chart |53.60 important number
IYT:  T-Line™ chart |Price needs 140.77
VIX: T-Line™ chart | Consolidation
USO:  T-Line™ chart | Trending up | 11.40 support
UUP:  T-Line™ chart | Trending up | 24.55 support
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!
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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.