Rick’s Featured Trade Ideas

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ONTY/Long (Biotechnology) | RBB patter| Channel breakout | Weekly doji breakout |

ONTY| Plan your trade & trade your plan | April 26, 2016
Possible entry plan idea:   Buy box $1.25- $1.38
Possible stop plan idea:   Protective stop below $1.25
Swing trade playground:  $1.25 – $1.70 = 36.8%
Playground risk reward:  7:1 + depending on | entry | exit | stop

SPY:  Trending Bullishly
7:00 am:  In a surprise end of the day push, the SPY closed back above the T-Line™ with a three-day low and all five days respecting the Bullish Engulf that was printed on April 18.  The low of yesterday’s hammer came within pennies of support and may be the clue that the bulls are ready to take another bite out of the bears and possibly form a bullish J-Hook continuation pattern.  For the bullish J-Hook continuation pattern to be formed, the bulls need to swing price above the recent high of $210.92.  If the bullish J-Hook continuation pattern is formed over the next few days, it would be the fifth time the Bulls have constructed this pattern since March 1.  Providing Janet Yellin and the feds choose their words carefully — or even better yet get out of the way — then I suspect the SPY is on a mission to test the $213.78 high of May 5, 2015.  I’ll be watching for pullbacks and consolidation clues around  $211.00  |  $211.50   |  $212.85.

I wrote about $207.00 needing to hold a few days ago, and as of today, it still remains the number the bulls must defend while reaching for new highs.
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Rick’s Featured Trade Ideas

INAP/Long Software) Hammer on support | RBB patter| RBB Pattern | Rising T-Line™ | Flag

INAP| Plan your trade & trade your plan | April 25, 2016
Possible entry plan idea:   Buy box $2.70- $2.86
Possible stop plan idea:   Protective stop below $2.70
Swing trade #1 playground:  $2.70 – $4.00
Playground risk reward:  17:1 + depending on | entry | exit | stop

SPY:  Price > T-Line™
7:00 am:  In Friday’s note we wrote that we would likely see a lower low because of the bearish evening star, and we saw approximately .74 lower low.  The Bulls did close back up over the T-Line™ but two cents below our Warning #1 line.  On a bullish note, the pullback last week was minor because it has stayed above the 38.2% retracement, and the $207 support line is still intact.  As of Friday’s close and what we can see of today’s open,  the bullish trend is still intact, and as long as the Bulls can keep the trend, they will continue to march forward slowly.
One of my major market indicators (URI) is painting a bullish cup and handle breaking out above the 200 SMA on Thursday’s and Friday’s price action. Another is FDX and it is also holding a bullish line and continues to fly right.  The same is true for COPX, the copper minors’ ETF,  which broke out of the 200-SMA a couple of weeks ago and is now working to clear another downward trend line.  These Bulls do seem determined. Even IYT closed Friday with a Bullish Engulf above the T-Line™.

IWM:  Daily chart |T-Line™ | Bullish Engulf
SMH:  Daily chart |Below the T-Line™
IYT:  Daily chart | Bullish Engulf above the T-Line™
S&P VIX Short-Term Futures VXX:  Daily chart | No fear
USO Unites States Oil Fund:  Daily chart | Bullish trend still in play | Doji yesterday

Each day 10 -15 stocks are 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!
Keep your eye on the inverse ETF’s They trade well!
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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.
To see all of today’s trade ideas Click Here
To see all of today’s trade ideas Click Here

2-sma > T-Line™ = Minor trend up
T-Line™ > 34-ema = Intermediate trend up
2-sma < T-Line™  = Minor trend down
T-Line™ < 34-ema = Intermediate trend down

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.

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