Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
INAP/Long | RBB| Bullish J-Hook | PBO Support

SPY:  T-Line™ Chart: Needs confirmation

Good Morning, Profit Traders,

Let’s take a look at Friday’s close, Friday’s low was within pennies of a tweezer bottom but more importantly the low was higher than the low Thursday.  Friday’s candle closed within Thursday’s candle making it an inside day.  Friday’s candle close the gap of May 24.
Based on the morning futures that the Bulls seem to have had a team meeting this weekend and decided they were going to take on the bears $210.95 which may lead to challenging the June 8 high.
At the close Friday the T-Line™/34 EMA trend was still intact.  If the Bulls are successful with follow-through $214.00 and $217.00 are possible bullish direction

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

IWM:  T-Line™ Daily chart |A close over 116.00 would be positive, 119.50 could be a challenge
SMH:  T-Line™ Daily chart |A close over 57.15 bullish
IYT:  T-Line™ Daily chart |Needs a great deal of work
XME: T-Line™ Daily chart | Cup & Handle setting up needs follow through
USO:  T-Line™ Daily chart |Good support on the lower trend line
UUP:  T-Line™ Daily chart | Under pressure and under support
VIX: T-Line™ Daily chart | Watch for the pullback
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!
Members Only

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.