Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
IPI/LONG |RBB| Buyers support line

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

SPY:  High resistance $213.78 | High support near $208.85ish
T-Line™ Chart: Trending bullish | Candle price action Bullish
No rate hike, the market loves it! Yesterday the SPY closed over the April 20 high and looks as if it has the juice to take on the May 2015 highs.  Of course, we will continue to watch the candlesticks and price action for signs of change.  Until then, trade with the trend and the trend is bullish.  The top three leading sectors yesterday were utilities followed by energy and basic materials.

This is the kind of market where everyone should be making money, and it’ll help make up for a few of those trades that no one wants to talk about.  Have you ever noticed how much easier it is to make money when you trade with the trend?  Let’s not get complacent or lazy, so continue to plan your trades and trade your plan, follow the chart patterns and price action.

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 struggling
VIX: T-Line™ chart | Chart weak | Sellers control
USO:  T-Line™ chart | Chart trending
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!
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.