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.

Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
PBYI | Morning Star |

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator
Last week the SPY ended with 5 days of bullish consolidation after a gap allowing the T-Line™ to catch up.  We will use $217.15 as support because of the July highs and the August lows.  With a bullish close over $218.90, we should see $219.40.  The VIX still has no fear as it moves around in the oversold area, currently below the T-Line™.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
SPY:  T-Line™ & 2-hour chart | Bullish
IWM:  T-Line™ & 2-hour chart | Bullish
SMH:  T-Line™ & 2-hour chart | Bullish
IYT:  T-Line™ & 2-hour chart | bear
DIA:  T-Line™ & 2-hour chart |Bullish
USO:  T-Line™ & 2-hour chart |bullish
UUP:  T-Line™ & 2-hour chart | bear
VIX: T-Line™ & 2-hour chart |bear
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Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
NMBL | RBB | Morning Star |

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator
Retail rallies; oil moves higher. Members are killing it with profits; Hit and Run Candlesticks closed ONC for 60% and EXK for 19%.  The market is in a bullish frame of mind with price leading the T-Line™.  It’s Friday and we will be surrounded by friends in the trading room today!  It just doesn’t get any better than that!
Interestingly, the VIX did not move lower yesterday.  Never take your eye off the ball.  Always be suspiousis and cautious as it may mean nothing, but the oversold VIX trying to build support while the market moves higher warrants caution while trading long with profits.

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