Rick’s Featured Trade Ideas

SCTY/Long (Utilities) RBB | Bullish Engulf w/follow through |  4-hr Doji continuation

SCTY| Plan your trade & trade your plan | April 6, 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™  Price < T-Line™ CAUTION TODAY
7:00 am:  The SPY has had a nice run currently, up over 12% from the February lows, and the SPY has successfully run through the 50 and 200-SMAs, nearly knocking on the door of the all-time high.  Unfortunately, it is my belief that the Bulls are running a little low on energy and are in  need of a rest in the coming days.  During this rest, the bears will likely push back.  Already yesterday, the bears pushed price below the T-Line™ and closed price below the $205.50 support line.  I believe the 200-period moving average will likely be tested in the near future and will play a key role in the direction of future price movement. 

IWM:  60-min chart | $108.10 likely to see action
SMH:  Daily chart |Slipped below the T-Line™ on a shooting star
IYT:  Daily chart | To lower highs have formed an upper resistive line
S&P VIX Short-Term Futures VXX:  Daily chart | Gapped above the T-Line™
USO Unites States Oil Fund:  Daily chart | Under pressure below the T-Line™

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.