Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ABX/Long| T-Line ™ Bullish Trend | Recent break out | Bullish Engulf
SPY: T-Line™ Chart: Price breaking down on daily chart
Good Morning, Profit Traders,
The Shooting Star on the weekly chart of the SPY continues to suggest the sellers have control, and that if the bears take control today of the close, it looks like the $205.00 is on their minds.
On my three line T-Line™ chart price closed yesterday below the 34 EMA with the T-Line™ following close behind. The T-Line™ trend looks as if it’s ready to roll over and hang with the bears for a while.
Just something to think about, like 200-period moving average groupings are in the $202.00 area.
The top leading indexes for yesterday was Silver, Copper, Oil and Gas Drilling, and Gold.
As I’m looking through charts to trade for the next several days, silver, copper and gold stocks are really standing out. I’m seeing a lot of flags and flag breakouts, Morning Star signals and Bullish Engulfs all in bullish formation on my T-Line™ chart.
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™ Daily chart |breakdown | Sellers control
XME: T-Line™ Daily chart | Buyers control
USO: T-Line™ 4-hour chart |breakdown | Sellers control
UUP: T-Line™ Daily chart | breakdown | Sellers control
VIX: T-Line™ Daily 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.
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