Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
DSX | RBB  | Bullish J-Hook Breakout

SPY:  T-Line™ 34ema bullish trend  | Market is getting very overbought

Good Morning, Profit Traders,

Based on the open it would appear that the near dark cloud cover on IWM might not see weakness as follow through, of course the day is not completely over.
The morning futures seem to be suggesting that the Bulls are not willing to give up the race to the top. If the Bulls were to allow profits to be taken and it looks as if $212.00 down to $211.00 would be all the Bulls might give up.
You might want to draw from the June 24 high to yesterday’s high and then from the June 26 low to yesterday’s low you will see that there is a definite narrowing and tightening of range, this could be a warning sign of minor profit taking/consolidation.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.

IWM:  T-Line™ Daily chart |Bulls in charge | Very overbought
SMH:  T-Line™ Daily chart |Bulls in charge  | Very overbought
IYT:  T-Line™ Daily chart |Bulls in charge  | Very overbought
VT: T-Line™ Daily chart |Bulls in charge
XME: T-Line™ Daily chart | Bulls in charge | Very overbought
USO:  T-Line™ Daily chart |Remains on the dark side
UUP:  T-Line™ Daily chart |Bulls in charge
VIX: T-Line™ Daily chart |Remains on the dark side | signs of support
TNX-x: T-Line™ Daily chart |Remains on the dark side | L.H / H’r.L forming

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.