Rick’s Featured Trade Ideas

TWTR/Long (Technology) Inverse H&S  | Dbl Bottom | PBO  | Morning Star | Doji Continuation

TWTR| Plan your trade & trade your plan | April 15, 2016
Possible entry plan idea:   Buy box $16.92- $17.73
Possible stop plan idea:   Protective stop below $16.92
Looking for:  $19.20 – $21.90
Risk Reward 4:1 depending on entry/exit/stop

SPY:  2-ema vs T-Line™ Short term bulls in control
7:00 am:  After the SPY found its way higher yesterday, price pulled back just enough to form a Doji at the end of the day.  The morning futures seem a little weak which may end up producing a little bit of profit taking on this Friday.  A couple of support areas I see are $206.97 and $206.00.  Of course, if the bears lose interest and the Bulls take charge, it is possible we end up today with a Doji continuation pattern that could test the $209.90 area next week.   Our T2122 indicator (Four-week new/high low ratio) suggests that we are extremely overbought, which does not guarantee a pullback; however, it does warn us to pay attention.  Also my 2- and 4-hour charts for the SPY are looking a bit overbought.

IWM:  Daily chart |Doji at the 200-sma | Resistance
SMH:  Daily chart |Range bound
IYT:  Daily chart | $140.15 support
S&P VIX Short-Term Futures VXX:  Daily chart | Dbl bottom | Doji
USO Unites States Oil Fund:  Daily chart | Resistance more than the bull can stand | watch for pull back

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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Ivntesting 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.