Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
LABU | RBB  |Bull Cradle
SPY:  T-Line™ & 34ema bullish trend 

Good Morning, Profit Traders,

It would appear that we’re in for more of this slow grind with very minor dips and very minor pops.  If the Bulls can manage to keep the SPY above $215.35, the Bulls bullish chart and run pattern will stay intact, but below $215.35, we could now see price below the T-Line™.  Price below the T-Line™ could be setting us up for a bullish pullback as long as the pullback stays above  $212.50.

I am starting to see a few intraday signs of laziness in the market.  Let’s not forget, the bearish engulf on July 15 is still intact, and although the close yesterday was higher, it is higher without a great deal of confidence.  If we do start to see weakness, there is an excellent chance we see a retest of the T-Line™.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.

IWM:  T-Line™ 30-min chart |Cracked the T-Line™
SMH:  T-Line™  30-min chart |Bulls in charge
IYT:  T-Line™ 30-min chart |Sellers in charge
VT: T-Line™ 30-min chart |Sellers in charge
XME: T-Line™ 30-min chart | Sellers in charge
USO:  T-Line™ 30-min chart | Sellers in charge
UUP:  T-Line™ 30-min chart | Sellers in charge
VIX: T-Line™ 30-min chart |Watch the T-Line™
TNX-x: T-Line™ 30-min 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!

Symbols from TC2000
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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.
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