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!
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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.
Good Morning, Profit Traders,
