Rick’s Featured Trade Ideas
Member E-Learning tonight Tuesday January 26, 7PM Central / 8PM Eastern
Topic: using the 200 period moving averages in the faster time frames.
CRAY/ Long (Computer Systems)  CRAY has broken out above the recent December highs on the daily chart with a $41.70 target on the weekly chart.

Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.

CRAY/ Plan your trade & trade your plan  January 26, 2016
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $Members Only
Risk Reward 10:1 depending on entry/exit/stop

SPY: The sellers were able to close price back below the T-Line™ which is now an area of construction as long as the January 20 low holds.  On one hand, we should be extremely cautious that price is back below the T-Line™, but on the other hand I think we should be putting together a list of stocks that are starting to look like our favorite trade setups.

I wouldn’t be too surprised if we see price a little lower today but stabilize around the $186.00 area.  This is all based on the January 20 low, a rally to over the T-Line™ and pull back to the 50% fib level.  If none of that holds, then below $178.50 is extremely possible,
On a side note, yesterday’s price lost the 50 SMA on the hourly chart.

IWM:  A bearish “h” pattern setting up or pattern construction?
SMH:  $47.50 support line still intact.

IYT:  T-Line™ failure with a bearish Shooting Star, not good.
S&P VIX Short-Term Futures VXX:  Bullish Harami back above the T-Line™ a close below the T-Line today could put price back to the 20-day SMA.
USO Unites States Oil Fund:  Oil was a little weak yesterday closing back below the T-Line.  The question is:  will oil begin construction above the January 20 low?
This Week’s Economic Calendar—> Click Here

Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts.  Please follow your trading rules for entry stops and profits. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
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To see all of today’s trade ideas Click Here
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.