Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
BDSI | RBB | PBO  | J-Hook

Double click the trade plan to enlarge

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator!

Friday I wrote, “The real test for the buyers is if they can close up above $218.60.“  This was for the very near term.  The buyers failed to close over $218.60.  Last week I warned about the Bearish Shooting Star on the daily chart and the Bearish Island Reversal on the intraday charts.  These are warning signs that the bull may be getting tired and in need of a rest.  A test of the $217.02 low is still possible, followed by the 34 ema area.  A breakout over $218.90 would put new life in the bull run.  The outcome of Jackson Hole will likely play a part in how the market finishes up this week.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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Members Daily Trade Ideas, we might also want to keep or eye on a few shorts or inverse ETF’s
Members Only, Members trade ideas can be found in the members area
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains.  You must follow your trading rules for entry stops, profits or loses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
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Rick’s Featured Trade Ideas

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

Double Click on the Chart to Enlarge

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!

Members Only Click Here
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Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
CRC | RBB | PBO| 2-day Morning Star

Double click on chart to enlarge

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator
Trading Room Talk – Once again, the Feds believe the US growth numbers are not healthy enough to raise rates, so let’s pump, pump, pump that money into the market and falsely keep it going up.  OK, I now have that out of my system.  On the daily chart, price closed above the T-Line™ with a nice comeback lower wick.

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.

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

Today’s featured trade idea and my personal trade plan
QURE | RBB |  PBO|

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator
Trading Room Talk – The SPY closed below the T-Line™ confirming a Evening Star Signal formation.  We did put on a TZA and UVXY trade to hedge some of our longs.  Overall, the SPY and the other indices remain bullish.  This pullback, until confirmed bearish, remains a bullish pullback.  A close below $216.50 on the SPY could cause a little panic and start a retracement test of the August lows.  The VIX posted gains yesterday that did, in fact, close above $12.50.  A positive close above $12.50 today will be a sign that a little fear is starting to turn up.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
PTCT | Flat Flag Breakout |

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator
Trading Room Talk – The SPY closed up .29% but closed off the highs with a candle wick. At the close yesterday, we talked about how this could be suggesting a little profit taking today.  I see the SPY is opening lower.  If you take a look at the SPY hourly chart, you can see a clear bearish Cradle pattern, which, of course, needs confirmation.  We might want to watch the market with a tiny bit of concern below $218.90.

In yesterday’s note, I mentioned that the VIX is playing around with the oversold area.  It is also trying to put together a relief rally bottom (no confirmation yet).  Above $12.50, you should start to hear chatter about the VIX.

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

Yesterday’s Close
SPY:  T-Line™ & 30-min chart | Profit takers control
IWM:  T-Line™ & 30-min chart | Danger zone
SMH:  T-Line™ & 30-min chart | Danger zone
IYT:  T-Line™ & 30-min chart | Profit takers control
DIA:  T-Line™ & 30-min chart | Profit takers control
USO:  T-Line™ & 30-min chart | Bullish
UUP:  T-Line™ & 30-min chart | Profit takers control
VIX: T-Line™ & 30-min chart | Buyers control

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.