Rick’s Featured Trade Ideas

ATI/Long (Metal Fab)   RBB, Higher highs and higher lows, bullish morning star, 38% from pivot low to target area.

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ATI Plan your trade & trade your plan  February 23, 2016
Possible entry plan idea:   Buy box $11.20- $12.83
Possible stop plan idea:   Stop below $11.20
Risk Reward 4:1 depending on entry/exit/stop

SPY Attitude:  (2-T-Line™ up/T-Line™-34 down) Over the past seven trading days, the Bulls have been able to put in a rally, a 2-bar PBO that held above the T-Line™ followed by a positive gap that closed in favor of the Bulls.  Yesterday’s close of $194.78 closed above the February 1 high and close.  The Bulls have done just what we’ve asked, which is to close over the bullish “W” Pattern center point.  There are two slight bearish points I would like to point out:  We closed underneath the 50-day simple moving average which sets us up for the possibility of a blue ice failure. And price over the past seven days has

moved up much too fast, which is not necessarily bearish but it does suggest some consolidation is needed.  Unless we see a candlestick that hints of bearish evidence, I will use $190.80 as bullish support.

IWM:  Bullish T-Line™ run facing resistance
SMH:  $48.80 support
IYT:  IYT closed yesterday in our bullish target box which is also in the middle of resistance.  The RBB chart pattern continues to show bullishness.
S&P VIX Short-Term Futures VXX:  Seller control
USO Unites States Oil Fund:   I will become bullish over $9.30
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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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.