Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
URI short Long | Bearish “h” |  Trending T-Line™

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Good Morning, Profit Traders,

T-Line™ below the 34-ema (SPY) — Swing traders, the T-Line is trending below the 34-ema and price action is starting to look like a Bearish “h” pattern.  So far, the $215.55 resistance line has proven to be stronger than the bull.  A test of $212.31 (September low) seems likely.  If the bear wins the $215.31 battle, $209.35 would be the likely target.  We are still finding a few long trades, but the profits are smaller and quicker.  Adding a few short trades may prove to be wise, and, of course, the inverse ETFs are always good when the bear leads.
 

Rick & Hit and Run Candlestick Team

Members Daily Trade Ideas. Be aware of sudden market changes!
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ENDP
ETSY
CEMP
TZA
UVXY
FRGI
GLBL
PRGO
——–Short
ZEN
RSPP
DVN
AG
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!

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