Rick’s Featured Trade Ideas

WWW/Long (Footware)  WWW kicks the trade off with a bullish piercing candle back in mid-January followed by a bullish T-Line™ run.  Profit-taking took place below the T-Line™, and the Bulls were able to put together a morning star pattern followed by a Doji continuation pattern along with a Bullish J-Hook continuation.

Hit & Run Members and Trading room:  We took a stroll to the bank on ICON, FCX, ATI, GMRN, FOSL, TMST, USO and NHTC —$$$. If you are frustrated we can help!

WWW Plan your trade & trade your plan  February 18, 2016
Possible entry plan idea:   Buy Box $Members Only
Possible stop plan idea:   Stop Below $Members Only
Risk Reward 8:1 depending on entry/exit/stop

SPY Attitude:  (2-T-Line™ up/T-Line™ 34 down) Another great day for the Bulls closing up 1.63% at $192.88, well within our expected target area.  On the daily chart, the SPY is on the verge of breaking out of a bullish ‘W’ pattern.  If the Bulls can manage to control the $194.63 resistance line, then the next bullish target would be between $200.00 and $202.00. Let’s keep in mind that the SPY could have a relapse  and the old mama bear could come back out.  If

this is the case, we could see price back down to $187.90

IWM: Over $101.60 should get us a peek at $104.50.
SMH:  Stabilization over $48.05 could bounce to over $49.95.
IYT:  To the penny our lower resistance line was tagged yesterday.
S&P VIX Short-Term Futures VXX:  Still under bearish pressure.
USO Unites States Oil Fund:  Over $8.80 and we should all make a little money.
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!
Members 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.