Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
MU | Break out | Flag| 3-day continuation pattern

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Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator

Trading Room Talk – In our premarket rundown yesterday, I shared how $218.90 would be resistance and the bulls needed to recapture it.  The high yesterday was $218.90, and we are seeing push back this morning.  Here is yesterday’s note on this: “After looking at my intraday charts (30-min, 60-min, 2-hour and 4-hour), I can see a bearish Island Reversal that may keep pressure on the buyers.  Unless the buyers can push us back over $218.90, there is a good chance we see a test of yesterday’s low or lower.”

Wednesday we sought out $217.07 as support, and the supporting low ended up being $217.02.  A push below the T-Line™ could push price into testing Wednesday’s low.  Just throwing this out there.  If $201.07 is breached, $216.45 is possible.   Just saying…

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

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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Yesterday’s Close
SPY:  T-Line™ & 30-min chart | Profit takers control
IWM:  T-Line™ & 30-min chart | Profit takers control
SMH:  T-Line™ & 30-min chart | Buyers in control
IYT:  T-Line™ & 30-min chart | Buyers in control
DIA:  T-Line™ & 30-min chart | Profit takers control
USO:  T-Line™ & 30-min chart | Trending
UUP:  T-Line™ & 30-min chart | Profit takers control
VIX: T-Line™ & 30-min chart | No fear

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.