Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
FRAN | RBB  |T-Line™ Consolidation |  Hammer

Good Morning, Profit Traders,

Watch the T-Line™ The T-Line™ is a powerful timing indicator
This week is loaded with news and information that could give the market a boost to the upside or shove it off the ledge, so trade wisely and remember why we’re trading.  Although the major indices are still closing above the T-Line™, I am starting to see a possible crack appear.  The crack may be nothing more than good old-fashioned profit taking followed by the resumption of the bullish trend.

The DIA has painted a chart that looks extremely suspicious, an evening star last week that appears to be holding water.  A week ago, the SPY printed a bearish engulf that continues to have a say in what price is doing for the past few days.  There are few indicators that I peek at some evenings and every weekend, and last night I took a peek at the following indicators for the overall market:  T2122, MACD, TSV, OBV, price action and what’s oil up to.  My conclusion is simple.  Unless there is positive news that comes from the FOMC meeting and/or really good earnings reports, I believe that we are positioned for a profit-taking pull back.

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

SPY:  T-Line™ & 30-min chart | Signs of a pullback
IWM:  T-Line™ & 30-min chart | Buyer controlled
SMH:  T-Line™  & 30-min chart | Buyer controlled
IYT:  T-Line™ & 30-min chart | Signs of a pullback
DIA:  T-Line™ & 30-min chart | Signs of a pullback
VT: T-Line™ & 30-min chart | Signs of a pullback
XME: T-Line™ & 30-min chart | Classic seller control
USO:  T-Line™ & 30-min chart | Classic seller control
UUP:  T-Line™ & 30-min chart | Signs of a pullback
VIX: T-Line™ & 30-min chart | Signs of buyers
TNX-x: T-Line™ & Daily chart | Seller control
Here is what one of our members had to say yesterday:  “Rick, just wanted to say thanks.  This month I have had 3 wins and 3 losses, but the losses were very small and only 1/4 of the wins.  First profits in months.  I listen and note what you say and trade the plan.  Yes, still making some mistakes, but really learning!”
-Mary V.

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.