Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
FEYE | PBO| Bullish Engulf

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator

The SPY has moved below the T-Line™ along with DIA, IWM, IYT and SMH.  This is signaling the sellers are wanting there piece of the pie.  Over all, the market is still bullish as long as we hold above support. The
profit taking pullback in the SPY, IWM, DIA is either testing the 23.6 Fib retracement (a bullish PBO so far). Friday’s job numbers may give the market a nudge one way or the other.

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

SPY:  T-Line™ & 30-min chart | Cracking/weakening
IWM:  T-Line™ & 30-min chart | Cracking/weakening
SMH:  T-Line™  &30-min chart | Cracking/weakening
IYT:  T-Line™ & 30-min chart | Cracked
DIA:  T-Line™ & 30-min chart | Cracked
VT: T-Line™ & 30-min chart | Cracking/weakening
USO:  T-Line™ & 30-min chart |  Cracking/weakening
UUP:  T-Line™ & 30-min chart |Cracking/weakening
VIX: T-Line™ & 30-min chart | Signs of buyers
Here is what one of our members had to say yesterday:  “Rick, just wanted to say thanks.  This month I have had 3 wins and 3 losses, but the losses were very small and only 1/4 of the wins.  First profits in months.  I listen and note what you say and trade the plan.  Yes, still making some mistakes, but really learning!”
-Mary V.

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!

Symbols from TC2000
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.