Rick’s Featured Trade Ideas

No Featured trade idea today
SPY:  T-Line™ Chart: 2 and 4-hour chart breakdown | 15-min 200-FWsma has now broken below the other 2 deuces.

Good Morning, Profit Traders,

In yesterday’s morning note, I mentioned the numbers of $210.27, $209.15,  $208.50 and $207.00, and that the bears have clobbered the first three lines and now they’re going after the $207.00 line.  If the bears can manage to close price below $207.00, that would be below our T-Line™ grouping and will put a tremendous amount of pressure on the bulls.  $205.00 is the next line for the bears to take over after $207.00.

On the bullish side, if the Bulls can circle the wagons and defend $207.00 with a follow-up bullish run, the overall bullish trend would remain intact.  Once again, the $207.00 is in the spotlight.

In the trading room yesterday, I talked a lot about caution and about a brand-new ticker symbol, CIAP.  You won’t find this ticker symbol on any chart; it’s a special ticker symbol that we use at Hit-And-Run Candlesticks to help members realize you don’t have to trade every day.

C-ash
I-s
A
P-osition

Because the market is so close to possibly jumping out of the window and so close to finding support and becoming a bullish monster, it is my feeling that we should wait patiently for a clue to the next leg.  Therefore, there will be no featured trade idea or stock picks today; however, in the trading room, we will probably find something live that we can trade.

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 |breakdown
SMH:  T-Line™ 2-hour chart |breakdown
IYT:  T-Line™ 2-hour chart |breakdown
VIX: T-Line™ chart |Continuation pattern in progress
USO:  T-Line™ 2-hour chart |breakdown
UUP:  T-Line™ 1-hour chart |Price above T-Line group
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!

No members trade ideas today, manage what you already have. Remember $CIAP

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.