Rick’s Featured Trade Ideas

JOY/Long (Farm Equipment)   JOY has broken out of its down trend forming a cup & handle, a flag or J-Hook breakout and a line of support at $10.40.

$$$—Hit & Run Members were alerted to BAP on February 10, now a T-Line™ and  gap to boot.  BAP has produced 12% —$$$. We will teach you how.

JOY Plan your trade & trade your plan  February 17, 2016
Possible entry plan idea:   Buy Box $Member Only
Possible stop plan idea:   Stop Below $Member Only
Risk Reward 10:1 depending on entry/exit/stop

SPY Attitude:  (MA trend down/price relief rally underway) Price did close over $187.95.  As mentioned yesterday, price should push between $191.20 and $194.60.  A close over $191.20 will help the bulls pull the T=Line™ over the 34-ema on the 4-hr chart. The 2-hr chart has now gone bullish on the T-Line™ chart.

IWM: A close over $100.75 would go a long way for the bulls to reach $104.50.
SMH:  Minor relief rally trend,  trouble near $48.10 (found it).
IYT:  Minor and intermediate bullish trend intact $132.60 – $136.25 is the next target area.
S&P VIX Short-Term Futures VXX:  Now under selling pressure.
USO Unites States Oil Fund:  Under $8.95 the sellers are in control.
This Week’s Economic Calendar—> Click Here

Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts.  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!
Member Only
To see all of today’s trade ideas Click Here
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.
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.