Rick’s Featured Trade Ideas

No Featured trade idea today
SPY:  T-Line™ 2-hr Chart sellers in control at the close yesterday

Good Morning, Profit Traders,

Alaska Trading Cruise….Check it out

Yesterday’s low in the SPY, $206.92, came within eight cents of our $207.00 number that we have talked about.  Yesterday’s gap down Doji close found support on our $207.00 support line with a Doji close back above the 50-day simple moving average.  Other than the T-Line™ crossing below the 14-SMA, the T-Line™ trend chart is still in favor of the Bulls while the recent price action has been in favor of the bears.  With the recent bear pullback on the daily chart, the weekly chart has been painting a bearish Shooting Star pattern.  In the Hit-and-Run Candlesticks trading room, we have been very conservative and warning of caution.  Right now we are in dangerous waters with uncertain wind changes, and let’s not forget about the sharks.  The wind and the surf should quiet after Janet and the Brexit vote.  Keep in mind that most of today’s price action will most likely be positioning and guessing on what Janet has to say and the Brexit vote.  The technical trader doesn’t guess; the technical trader follows the charts for direction and insight.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.

IWM:  T-Line™ 2-hour chart |breakdown | Sellers control
SMH:  T-Line™ 2-hour chart |breakdown | Sellers control
IYT:  T-Line™ 2-hour chart |breakdown | Sellers control
VIX: T-Line™ chart | Buyers control
USO:  T-Line™ 2-hour chart |breakdown | Sellers control
UUP:  T-Line™ 1-hour chart | Buyers control
Each day a trade idea list is 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.

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.