Rick’s Featured Trade Ideas

INTU/Short (Software)  Price action has demonstrated a clear blue ice failure on the daily chart.  Price is also close back below the 34–EMA and the T-Line™

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$$$Wednesday, Thursday, Friday last week NUGT was one of the big winners in the Trading Room $$$

INTU/ Plan your trade & trade your plan  February 8, 2016
Possible entry plan idea:   Short Box $Get you 2 week trial
Possible stop plan idea:   Cover area $Get you 2 week trial
Risk Reward 5:1 depending on entry/exit/stop

SPY Attitude:  (The bear is running free)
$184.75 is a number the bulls need to defend and it looks like that area may be a battleground today.  Friday the sellers were able to wake the bear up with a negative close in the morning, and futures are suggesting the bear may be hungry for the $184.75 support area.  Taking price out of the picture all of our decision-making lines are in agreement with the bear.

IWM:  The sellers are drawing a bearish “h” pattern.
SMH:  Another bearish “h” pattern with a strong close below the T-Line™.
IYT:  Held up pretty good all last week; let’s see what happens today before we make a decision.
S&P VIX Short-Term Futures VXX:  Bullish chart pattern.
USO Unites States Oil Fund:  Remains weak and under the sellers’ spell.
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.

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.