Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
CRC | RBB | PBO| 2-day Morning Star

Double click on chart to enlarge

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator
Trading Room Talk – Once again, the Feds believe the US growth numbers are not healthy enough to raise rates, so let’s pump, pump, pump that money into the market and falsely keep it going up.  OK, I now have that out of my system.  On the daily chart, price closed above the T-Line™ with a nice comeback lower wick.

After looking at my intraday charts (30-min, 60-min, 2-hour and 4-hour), I can see a bearish Island Reversal that may keep pressure on the buyers.  Unless the buyers can push us back over $218.90, there is a good chance we see a test of yesterday’s low or lower.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.

Yesterday’s Close
SPY:  T-Line™ & 30-min chart | Profit takers control
IWM:  T-Line™ & 30-min chart | Profit takers control
SMH:  T-Line™ & 30-min chart | Profit takers control
IYT:  T-Line™ & 30-min chart | Buyers in control
DIA:  T-Line™ & 30-min chart | Buyers in control
USO:  T-Line™ & 30-min chart | Trending
UUP:  T-Line™ & 30-min chart | Profit takers control
VIX: T-Line™ & 30-min chart | Buyers control

Each day a trade idea list is posted in the members area that I believe are poised to move 10-20% (or more) within the next few days.  Please follow your trading rules for entry stops and profits. Remember to check for earnings!

Symbols from TC2000
HTBX
RXDX
PBF
ENTA
SSTK
NSM
LC
CFMS
CLMT
BW
CRC
Keep your eye on the inverse ETF’s They trade well!

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.