Rick’s Featured Trade Ideas

BTG/Long (Basic Materials) T-Line™ Run | Dbl Bottom|  Breakout  | J-Hook Continuation pattern
Learn more in the members area

BTG| Plan your trade & trade your plan | April 12, 2016
Possible entry plan idea:   Buy box $Members only
Possible stop plan idea:   Close below $Members only
Risk Reward 9:1 depending on entry/exit/stop

SPY vs T-Line™  Price < T-Line™ Choppy market
7:00 am:  S-i-d-e  W-a-y-s  M-a-r-k-et… After the April 1 high, the market has slipped into a short-term sideways trance. Last week I spoke of the $204 level being important for the bull to defend and the bears to capture, and it still remains an important hill for both sides. If the bears capture the $204.00 hill, the next battle should take place around $201.75.
Hanging Man, take a look at your 3-day chart and you should see 2 Hanging Men dangling the legs right in front of us. Read more about the Hanging Man.
The transports (IYT) have been on our radar, and I see on the 4-day chart a Shooting Star has developed.  I do think a great deal of caution is needed for both the buyers and sellers not to get too, extended in the wrong direction. If you are a diehard bull, we need to see price break out, and if you are a bear, price needs to break down from this sideways channel.

IWM:  60-min chart | A bearish “h” pattern forming
SMH:  30-min chart |Price has broken through my deuces
IYT:  4-day chart | Shooting Star
S&P VIX Short-Term Futures VXX:  30-min chart | Lower trend line rising and above both deuces
USO Unites States Oil Fund:  Daily chart | Getting into meaningful resistance

IWM:  60-min chart | A bearish “h” pattern forming
SMH:  30-min chart |Price has broken through my duce’s
IYT:  4-day chart | Shooting Star
S&P VIX Short-Term Futures VXX:  30-min chart | Lower trend line rising and above both duce’s
USO Unites States Oil Fund:  Daily chart | Getting into meaningful resistance

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.