Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
LC Long | RBB, Bull “W”, Bull Engulf, Weekly Rising Method

Double click the trade plan to enlarge

Good Morning, Profit Traders,

It looks as if the futures are suggesting an open above $212.31 (current support line) and below $215.55 (current resistance line).  From the recent top and the June 27 low, the SPY is between the 23.6% and the 38.2% fib lines.  From the February low, we are not even to the 23.6% Fib line.  The T-Line™ has crossed below the 34-ema (bearish) and the visible candle patterns are all bearish.
How does all this fit in your trading plan?

Something to Think About – Support and Resistance are useless unless price approves it.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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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 losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!

Based on the close yesterday | Watch for the change
SPY:  T-Line™ & 2-hour chart | Sellers in control
IWM:  T-Line™ & 2-hour chart | Sellers in control
SMH:  T-Line™ & 2-hour chart | Sellers in control
IYT:  T-Line™ & 2-hour chart | Sellers in control
DIA:  T-Line™ & 2-hour chart |Sellers in control
USO:  T-Line™ & 2-hour chart | Sellers in control
UUP:  T-Line™ & 2-hour chart | Buyers in control
VIX: T-Line™ & 2-hour chart |Buyers in control
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