Rick’s Featured Trade Ideas

AMZN/short (Specialty Retail)   We shorted AMZN yesterday.  AMZN printed a Bearish Engulf yesterday at the 200-sma suggesting a Red Ice Failure. Notice the recent Blue Ice Failure and lower lows and lower highs.

Hit & Run Members and Trading room: 
Mike sold GLUU for $26.8%, Mura out UCO +21.42%
Bonnie rocking out of BEAT +.71
Gene out OI 11%
Great trading!

AMZN Plan your trade & trade your plan  February 19, 2016
Possible entry plan idea:   Sell Box $Members Only
Possible stop plan idea:   Cover above $Members Only
Risk Reward 6:1 depending on entry/exit/stop

SPY Attitude:  (2-T-Line™ up/T-Line™ 34 down) 
It doesn’t look like the bulls are able to control $194.63 just yet.  When you think about the run we’ve had this past week, a little pullback or profit taking should not be a surprise.  Let’s keep our eyes on how price acts at the T-Line™ in the next day or two. If the Bulls can defend the $189.50 area, it would suggest

the Bulls are trying to construct a bottom.  Unfortunately, if they cannot defend $189.50, I believe the bears will be good.

IWM: pullback under way, watch the T-Line™
SMH:  pullback under way, watch the T-Line™
IYT:  Needs to hold $125.80
S&P VIX Short-Term Futures VXX:  Little rally
USO Unites States Oil Fund:  Just not ready to rally
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!
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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.