Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
PRO| Bullish T-Line J-Hook
SPY:  T-Line™ T-Line is in a Bullish position with the 34-ema (profit taking setting up)
Good Morning, Profit Traders,
Once again the Bulls demonstrated their strength in the SPY by closing at $213.40, higher than the previous close after a four-day run bouncing off the 50-day simple moving average with a Doji continuation pattern. Yesterday, the SPY ended up with a candlestick Shooting Star signal.  The Shooting Star signal I have found to be, at the very minimum, a warning sign.  Combine that with yesterday’s narrow range in light volume, and it might be prudent not to blow off the warning.  Price is also extremely overbought compared to the T-Line™, another warning sign that profit taking may be near, not to mention the four-week new high-low ratio is pegged in the overbought area.

Okay, enough of that talk.  Candlestick signals require confirmation, and as of yesterday’s close, there is no confirmation that the bears are taking any kind of control on the daily chart; although the 2-hour chart is showing a confirmed Shooting Star signal.  The trend is currently bullish with a strong possibility of a profit-taking pullback soon.

This week’s events – For more information Click Here

HRC Public webinar Tuesday July 12, 8pm EST
Trader Vision users group webinar Thursday July 14, 8pm CST
RWO Members Webinar Saturday July 16, 11am EST

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

IWM:  T-Line™ Daily chart |Bulls in charge
SMH:  T-Line™ Daily chart |Bulls in charge
IYT:  T-Line™ Daily chart |Remains on the dark side
XME: T-Line™ Daily chart | Bulls in charge
USO:  T-Line™ Daily chart |Remains on the dark side
UUP:  T-Line™ Daily chart |Bulls in charge
VIX: T-Line™ Daily chart |Remains on the dark side
VT: T-Line™ Daily chart |Bulls in charge
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!

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.

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.