Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
OSUR/LONG | C&H | Flag | Bullish Flag

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SPY:  T-Line™ Chart: Buyers Trend | Candle price action, weak | Toppy Overbought

Good Morning, Profit Traders,

I see the morning futures have dropped 12 points or down to $210.77 as a write this note.  You may have noticed in yesterday’s note I offered a Traders Tip:  “In my 27 years of studying Candlesticks, one of the Trader Tips that I would like to share is that a candlestick signal or candlestick pattern is not required to produce results immediately.”  This is something I learned to recognize years ago, and it has also taught me patience because of the importance of allowing the pattern to be decisive.  This is one of the key points I bring up in the trading room and during private coaching.

Unless the buyers participate, I would suspect a bit more downside.  A few possible targets that I’m looking at are  $210.25 then possibly $209.15 and $208.50.

This could be one of the most important times of trading to have a plan for each and every trade.  The reality is most traders continue to focus and buy long trades while the market is showing weakness.  By having a plan, you’re able to look at the numbers and truly evaluate whether the trade is right at this time.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
IWM:  T-Line™ chart |Trending T-Line| Price weak
SMH:  T-Line™ chart |Trending T-Line | Evening star | Caution
IYT:  T-Line™ chart |Trending T-Line | Price may be in trouble
VIX: T-Line™ chart |T-Line flat | Bullish price pattern setting up
USO:  T-Line™ chart | Trending T-Line| Price found resistance
UUP:  T-Line™ chart |Trending T-Line down | Price noisy
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!
Member Trade Ideas
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.