Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
LC | RBB

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator
The Bullish Trading Trend continues with price closing over the T-Line™, even while we are below $218.76.  Of course, a breakout is needed to keep the bull alive.  If price were to close below $216.75, I would have a little concern about the Bullish Trading Trend.  Both the 2-hour and the 4-hour charts still show the bull is in charge. Two concerning factors are the weakening market participation and volume.  (Welcome to August)

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.

SPY:  T-Line™ & 2-hour chart | Bull control over 217.85
IWM:  T-Line™ & 2-hour chart | Bull control over 122.00
SMH:  T-Line™ & 2-hour chart | Bull control over 64.35
IYT:  T-Line™ & 2-hour chart | Seller control under 140.80
DIA:  T-Line™ & 2-hour chart |Bull control over 185.00
USO:  T-Line™ & 2-hour chart | Bull control over 10.00
UUP:  T-Line™ & 2-hour chart | Seller control under 24.85
VIX: T-Line™ & 2-hour chart |Bull control over 11.65

Each day a trade idea list is 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!

Members Only
Keep your eye on the inverse ETF’s They trade well!

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.

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.