Rick’s Featured Trade Ideas
It’s Friday – No trade ideas today
SPY: The Bulls managed to put together a bullish harami by the close of yesterday, still closing below the T-Line™ and allowing the sellers to stay in control. The bullish Harami may be a sign that the Bulls are creating a little bottom for a relief rally, but I believe that when I see it! When I see the Bulls close price over $194.50, I will take their attempt at a relief rally a bit more seriously.
IWM: IWM needs to clear $104.75 before a relief rally is possible.
SMH: And SMH needs to prove to me it has power over the T-Line™.
IYT: Over $126.10 bare minimum to dig this bus out of the ditch.
S&P VIX Short-Term Futures VXX: VXX continues to show off its beautiful Bullish chart.
USO Unites States Oil Fund: USO SUCKS!
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!
No trade ideas today
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.
| Members only | Bias Date 1-12-16 |
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| Trending down | No buy signal | ||
| Seller control | Lost the 100 yesterday | ||
| Bullish over T-Line | BOPT | ||
| Over extended | |||
| Bullish over T-Line | Sellers still control | ||
| Bullish over T-Line | Sellers still control | ||
| Bullish over T-Line | Sellers still control | ||
| Bullish over T-Line | Sellers still control | ||
| Bullish over T-Line | Sellers still control | ||
| Bullish over T-Line | Sellers still control | ||
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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