Rick’s Featured Trade Ideas

ETE/Long (Energy) RBB | Dbl Bottom|  Morning Star  | Continuation pattern
Learn more in the members area

ETE| Plan your trade & trade your plan | April 11, 2016
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $Members Only
Risk Reward 8:1 depending on entry/exit/stop

SPY vs T-Line™  2-ema > T-Line™ Choppy market
7:00 am:  Last week the SPY pretty much crawled along the $204.00 support line, and according to the morning futures today, we are opening above the $204.00 support line.   Above $204.65, the Bulls may be trying to put a run together; below $203.95 and the bears may be starting to wake up.   The earningstraps are out there, so stay cautious. I personally have never found that trading a stock through earnings was worth it.

IWM:  Daily chart | Above $110.52 would give the bulls a chance
SMH:  Daily chart |Above $54.82 would be positive
IYT:  Daily chart | Anything below $140.10 keeps IYT in the ditch
S&P VIX Short-Term Futures VXX:  Daily chart | Below $18.70 the market stays bullish
USO Unites States Oil Fund:  Daily chart | Bullish above $8.95
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Each day 10 -15 stocks are 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!
Keep your eye on the inverse ETF’s They trade well!
Members 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.
To see all of today’s trade ideas Click Here

2-sma > T-Line™ = Minor trend up
T-Line™ > 34-ema = Intermediate trend up
2-sma < T-Line™  = Minor trend down
T-Line™ < 34-ema = Intermediate trend down

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.