Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
SGYP/LONG |RBB| Bullish “W” pattern | Morning star | Continuation pattern

 “The Alaskan Trading Cruise” – Deposit special between June 6 and June 12, 2016

SPY:  High resistance $212.34 | High support near $208.85ish
T-Line™ Chart: Buyers Trend | Candle price action Weak, Toppy
Yesterday, June 6, was another great day in the market for Hit-And-Run Candlestick members.  There were many of us who closed positions protecting profits.  Yesterday the SPY closed with a Shooting Star candle.  The Shooting Star candle is a clue that the market may be starting to tire and in need of a rest.
Taking a look at the sector indexes, I see basic materials, financial services and healthcare showing signs of stress, nothing serious as of yet.
Sector leaders yesterday were energy, communication services and real estate.
The volatility index VIX close yesterday with a belthold candle signal that closed engulfing, along with a double bottom.  These are the little clues that we as traders need to pay attention to.

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

IWM:  T-Line™ chart |Trending price and T-Line
SMH:  T-Line™ chart |Trending price and T-Line
IYT:  T-Line™ chart |Trending price and T-Line
VIX: T-Line™ chart | Sellers trend | Waring, bullish belthold, engulf
USO:  T-Line™ chart | Trending price and T-Line
UUP:  T-Line™ chart |Sellers trend | Price weak
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!
Members Only
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.