Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
UGAZ Long | Support, Breaking a downtrend line, Bullish T-Line™, C & H

Double click the trade plan to enlarge

Good Morning, Profit Traders,

$212.30 remains support and $215.55 remains resistance on the SPY chart. The T-Line™ should be considered now that it has caught up to price. This week the big bad FOMC meets and will let us know of a rate hike or not, which I suspect will move the market.

Last week we were able to find great trades in both long charts as well as inverse ETFs in lieu of short trades.  I expect nothing different this week.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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DEPO
CFMS
JDST
OCN
CARA
CVI
PTCT
UGAZ
FAZ
TZA
PMTS
FIT
PRGO
UVXY

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 here.