Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
BDSI | RBB | PBO  | J-Hook

Double click the trade plan to enlarge

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator!

Friday I wrote, “The real test for the buyers is if they can close up above $218.60.“  This was for the very near term.  The buyers failed to close over $218.60.  Last week I warned about the Bearish Shooting Star on the daily chart and the Bearish Island Reversal on the intraday charts.  These are warning signs that the bull may be getting tired and in need of a rest.  A test of the $217.02 low is still possible, followed by the 34 ema area.  A breakout over $218.90 would put new life in the bull run.  The outcome of Jackson Hole will likely play a part in how the market finishes up 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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Members Daily Trade Ideas, we might also want to keep or eye on a few shorts or inverse ETF’s
Symbols from TC2000
VNCE
CRMD
MEMP
STKL
FIVN
BDSI
EGRX
CLMT
OCUL
CLVS
GPRO
LC
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 loses. 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 | T-Line above the 34ema
IWM:  T-Line™ & 2-hour chart | T-Line above the 34ema
SMH:  T-Line™ & 2-hour chart | T-Line above the 34ema
IYT:  T-Line™ & 2-hour chart | T-Line above the 34ema
DIA:  T-Line™ & 2-hour chart |T-Line below the 34ema
USO:  T-Line™ & 2-hour chart | T-Line above the 34ema
UUP:  T-Line™ & 2-hour chart | T-Line below the 34ema
VIX: T-Line™ & 2-hour chart |T-Line below the 34ema

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.