Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
NMM | RBB  |PBO Engulf | T-Line™ Trend Bullish

SPY:  T-Line™ 34ema bullish trend  | Market is very overbought

Good Morning, Profit Traders,

The Bulls still control the SPY but there are signs that the bull is tired:

• The range has narrowed over the last couple weeks.
• The Doji bearish engulf is a warning sign not to take lightly.
• Yesterday’s close was outside of the narrowing trend.

We are predominantly long and still looking for long trade positions while the market may be entering a bullish pullback phase.  The $212.50-ish (23.6% Fib retracement) pull back would be positive for the SPY chart.  The $209-ish area would be something we will have to watch as it would be getting close to failing major support.

We are predominantly long and still looking for long trade positions while the market may be entering a bullish pullback phase.

The $212.50-ish (23.6% Fib retracement) pull back would be a positive bullish pull back for the SPY chart.  The $209-ish area would be something we would have to watch as it would getting close to failing major support.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.

IWM:  T-Line™ 2-hour chart |Bulls in charge | Very overbought
SMH:  T-Line™ 2-hour chart |Bulls in charge  | Very overbought
IYT:  T-Line™ 2-hour chart |Bulls in charge  | Very overbought
VT: T-Line™ 2-hour chart |Bulls in charge | Very overbought
XME: T-Line™ 2-hour chart | Bulls in charge | Very overbought
USO:  T-Line™ 2-hour chart |Remains on the dark side
UUP:  T-Line™ 2-hour chart |Bulls in charge |Trending
VIX: T-Line™ 2-hour chart |Remains on the dark side | Over Sold
TNX-x: T-Line™ Daily chart |Remains on the dark side | L.H / H’r.L forming

Each day a trade idea list is posted in the members area that I believe are poised to move 10-20% (or more) within the next few days.  Please follow your trading rules for entry stops and profits. Remember to check for earnings!

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Keep your eye on the inverse ETF’s They trade well!

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.