Rick’s Featured Trade Ideas

MENT/Long (Technology)   With a double bottom, bullish “w” pattern, RBB and a breakout of the Recent T-Line™ swing high, MENT may be setting itself up for a run to $20.80ish and then 23.40ish.

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MENT Plan your trade & trade your plan  February 22, 2016
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $Members Only
Risk Reward 5:1 depending on entry/exit/stop

SPY Attitude:  (2-T-Line™ up/T-Line™-34 down) It looks as if the Bulls will take price above $194.58, and that will be a major victory. Of course, by the end of the day, price still needs to close above the victory line.  The current chart pattern, is a double bottom and the high probability of a bullish “W” breakout today.  The Doji star gap up of six days ago has led to a T-Line™ run and a little 2-bar flag on the daily chart.  Price has closed over our two major deuces on

the 1-hr chart and over the first major deuce of the 2-hr chart.  The 4-hour chart is giving us our first deuce target $196.35.

IWM: PBO pullback above the T-Line™
SMH:  PBO doji poised to take on the 50-sma
IYT:  PBO flag RBB pattern
S&P VIX Short-Term Futures VXX:  Headed lower
USO Unites States Oil Fund:  PBO doji needs to be over $8.80 to be bullish
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!
Symbols from TC2000

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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.