Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
ALJ | RBB| Bullish Engulf | PBO bullish J-Hook

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator
On the daily chart the SPY formed a Bullish Harami above yesterday’s low unfortunately it did not close back above the T-Line™   as always candlestick signals must confirm but then again that’s true with price in general not just Candlesticks.  If you look at yesterday’s Harami on an intraday chart (I am looking at a 1-hour and 2-hour chart) you can see a bear flag forming, this is why you need confirmation on the daily chart.
Be aware of  QE from the Bank of England today and job numbers tomorrow, we should be prepared for anything in the market.  Keep the watch lists for both long and short updated and handy.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.

SPY:  T-Line™ & 1-hour chart | support off the high deuce
IWM:  T-Line™ & 1-hour chart | support off the high deuce
SMH:  T-Line™  & 31-hour chart |63.30 resistance
IYT:  T-Line™ & 1-hour chart | deuce resistance
DIA:  T-Line™ & 1-hour chart | high deuce support
VT: T-Line™ & 1-hour chart | 60.25 resistance
USO:  T-Line™ & 1-hour chart |  RBB setup
UUP:  T-Line™ & 1-hour chart |island reversal
VIX: T-Line™ & 1-hour chart | low deuce resistance
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!

Symbols from TC2000
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.