Rick’s Featured Trade Ideas
MCD/Short (Restaurants) MCD is forming a H&S pattern | BIF pattern | “h” Pattern | Kicked off by an Evening Star pattern | Could Ronald McDonald be cooking up a short menu?
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MCD Plan your trade & trade your plan February 24, 2016
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $Members Only
Risk Reward 12:1 depending on entry/exit/stop
SPY Attitude: (T-Line™< 34 down Bearish) Yesterday’s Candlestick Morning Star Signal (not perfect) may be suggesting that the Bulls have run out of steam, at least for the time being. Yesterday’s price action suggests strongly that we see a lower low today and a possible target over the next day or two near
the $189.25 area. This would be about 38.2% Fibonacci retracement from the February 11 low. It is very clear, even with the recent relief rally, that the bears still control the overall market. Going all the way back to December 12, 2015, you can see that the T-Line™ has led the 34-EMA down without ever a bullish cross up.
IWM: Price is likely to test the T-Line and then some.
SMH: More negative, $47.60 is in the cards.
IYT: IYT may want to recheck the 34-EMA.
S&P VIX Short-Term Futures VXX: Buyers are finding support on the 50-sma.
USO Unites States Oil Fund: Saudis keep pumping, oil keeps dropping.
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
| Click Here | for members login | Trade Ideas & | House trade list |
| T-Line™ vs 34-ema Bearish | No long trade here | |
| T-Line™ vs 34-ema Bearish | Watch price and the T-Line | |
| T-Line™ vs 34-ema Bearish | Could be getting short on weakness | |
| T-Line™ vs 34-ema Bullish | Rally to the 20sma? | |
| T-Line™ vs 34-ema Bearish | Not ready | |
| T-Line™ vs 34-ema Bearish | Short in play | |
| T-Line™ vs 34-ema Bullish | Price looks weak | |
| T-Line™ vs 34-ema Bearish | Short in play | |
| T-Line™ vs 34-ema Bearish | Short on weakness | |
| T-Line™ vs 34-ema Bearish | Short on weakness | |
| T-Line™ vs 34-ema Bearish | Short on weakness | |
| T-Line™ vs 34-ema Bullish | Take profits, pull back coming | |
| T-Line™ vs 34-ema Bearish | Short |
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.
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