Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
OCN/LONG |RBB| Bullish Engulf| Inverted H&S | 3day chart doji continuation

 “The Alaskan Trading Cruise” – Deposit special between June 6 and June 12, 2016

SPY:  High resistance $210.93 | High support near $208.50ish
T-Line™ Chart: Trending bullish | Candle price action Doji
The SPY chart continues to suggest bullishness based on the short-term T-Line™ trend and the candlestick price action.  Friday’s Doji remained above the T-Line™, and the T-Line™ is bullish when you compare it to its partner moving averages.  It will be important for price to respect certain levels, such as $208.50 as support.  If $208.50 falls prey to the bears, then the $207.00 area will become a line that the Bulls must defend.

Here at Hit-and-Run Candlesticks, we do not promote picking bottoms or tops, but we do promote following price action with candlesticks and waiting for a bullish or bearish signal to be made.  Then we trade up based on that signal for a swing, whether its bullish or bearish.  The point here is patience, and let’s make sure that the Bulls can break out.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
IWM:  T-Line™ chart |Trending price and T-Line
SMH:  T-Line™ chart |Trending T-Line | Pricing toppy
IYT:  T-Line™ chart |T-line chart weak | Hammer need confirmation
VIX: T-Line™ chart | Chart weak | Sellers control
USO:  T-Line™ chart | Chart trending | Price showing signs of weakness
UUP:  T-Line™ chart | Trend turned down | Price weak
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.