Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
DPM/Short | RBB Top |  H&S Top

SPY:  T-Line™ T-Line is in a Bearish position with the 34-ema

Good Morning, Profit Traders,

The market has been perfect for the short-term swing trader (5 to 7 days) but not so much for the trader that is greedy or pushes the envelope or the longer-term trader.  Yesterday, the buyers were able to establish a low with a comeback Bullish Engulf.  The chart pattern for the last seven days has been a Bull Flag.  The question now, is there enough buyers to push us above the $209.88 resistance line?  After all, trends are all about follow-through and continuation.  In the trading world, we call this higher lows and higher highs if you’re looking for a bullish trend.  $207.50 is a number that I believe the buyers should defend.  If the sellers were to find themselves below $207.50, the bear may eat well.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.

IWM:  T-Line™ Daily chart |Remains on the dark side
SMH:  T-Line™ 4-Hour chart |Has turned to the dark side
IYT:  T-Line™ Daily chart |Remains on the dark side
XME: T-Line™ Daily chart | Bullish
USO:  T-Line™ Daily chart |Remains on the dark side
UUP:  T-Line™ Daily chart |Bullish
VIX: T-Line™4-hour chart |Remains on the dark side
VT: T-Line™ Daily chart |Remains on the dark side
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!

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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.