Rick’s Featured Trade Ideas

No featured trade idea today  |  BUT there are 11 members trade ideas

SPY vs T-Line™  Price > T-Line™ Choppy market
7:00 am:  Yesterday we mentioned that (IYT) Transportation ETF was vulnerable below $139.73; yesterday IYT dropped another 1.29% closing at $137.14, so the vulnerability continues.  $135.91 is the next area that the Bulls have a chance to defend; if the bears stay in control, $133.55 may be tested.

The sellers were able to win yesterday’s game closing below our $204.00 line on the SPY.  I see that the futures are up this morning a tad, butwill it be enough to put together a bullish run to close back over the support line of $204.00, so stay tuned for Friday’s trading.
As a reminder, if the buyers can’t hold $204.00, then I believe $201.75 will likely be tested.  On a bullish side note, we are still above the minor pullback zone on the Fib lines of 23.6%.

IWM:  Daily chart | Closed below the T-Line™
SMH:  Daily chart |Closed below the T-Line™
IYT:  Daily chart | Closed below the T-Line™
S&P VIX Short-Term Futures VXX:  Daily chart | Closed above the T-Line™
USO Unites States Oil Fund:  Daily chart | Watch for a close over the T-Line™ today
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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!
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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.

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