Rick’s Featured Trade Ideas
GPRO/Long (Technology) RBB  | Wedge breakout | Support  | Morning Star
GPRO| Plan your trade & trade your plan | April 14, 2016
Possible entry plan idea:   Buy box $12.78- $14.05
Possible stop plan idea:   Protective stop below $12.78
Looking for 16.80 – 20.35 after 14.65
Risk Reward 6:1 depending on entry/exit/stop

SPY:  2-ema vs T-Line™ Short term bulls in control
7:00 am:  Over a 1% move yesterday in the SPY closing above the sideways channel that has been created over the last couple weeks.  It looks like the next little hill the Bulls need to climb over is about $208.90 and support looks to be $205.65  –  $206.90.  Something I’ve experienced over the years is when the market gaps and remains bullish as it did yesterday, the following day or days, we may see slight profit taking that can also result in fantastic trading opportunities.  Of course, if we see       candlestick sell signals or support lines break, then we may have something more than profit taking.

IWM:  Daily chart | J-Hook continuation pattern | Warning, in resistance
SMH:  Daily chart |Nice flag breakout | J-Hook continuation pattern setting up
IYT:  Daily chart | Great move yesterday | Over $141.30 is bullish
S&P VIX Short-Term Futures VXX:  Daily chart | A test of the low coming
USO Unites States Oil Fund:  Daily chart | Bullish consolidation within a T-Line™ run

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!
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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.