Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
ABX/Long |J-Hook PBO| Higher Highs and Higher Lows

SPY:  T-Line™ Chart: Below 202.85 will hurt

Good Morning, Profit Traders,

The volatility should be with us for a while, but once the market has had time to absorb the recent Brexit information, it should be easier to trade.  I believe there is more downside to come with relief rallies along the way.  Timing the market and your charts are more important now than we have seen in a long time.  It’s a good thing that we have been talking about support and resistance so much lately.  The SPY looks like $199.00 could see a little support while $206.00 may offer a little resistance.  At the close on Friday, Gold, Silver, Utilities and Real Estate seem to be in the best shape.  Utilities are overbought.

Overall, this is a very heavy market right now with a great deal of fear because of the unknown.

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 |Trouble below 113.75
SMH:  T-Line™ 2-hour chart |Trouble below 55.45
IYT:  T-Line™ 2-hour chart |Been in trouble
XME: T-Line™ 2-hour chart | Trouble below 22.95
USO:  T-Line™ 2-hour chart |Trouble below 11.60
UUP:  T-Line™ 4-hour chart |Support above 24.65
VIX: T-Line™ 2-hour chart |Support above 21.15
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.

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