FRPT Riding the Back of The T-Line

FRPT has been riding the back of the T-Line for the last 3-months. About a week ago FRPT met with a little trouble and is now creating a J-Hook continuation pattern. 5-days down, 1 Hammer and a follow through. We are looking to risk about 3.5% for almost 14% reward. An entry over $29.65 would turn the V-Stop from Red to Green.

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Past performance is not indicative of future returns

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SPY • Bullish But…

If it weren’t for the banks yesterday, we could have called off the day completely, so boring. The SPY is trying to works it’s way up through the $280.15 resistance, but this $280.15 area has proven to be a little stubborn. On the positive side, the price is still riding above the T-Line. As long as the price can hold the T-Line, we will remain cautiously bullish. A close below the T-Line will likely lead to $275.40

VXX – As long as the price stays below the T-Line we have no worries, above the T-Line we worry.

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Past performance is not indicative of future returns

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020 or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

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