Rick’s Featured Trade Ideas

RAS/LONG |RBB| Bottom support / Bullish Engulf | Consol. Breakout

RAS| Plan your trade & trade your plan | May 25, 2016
Possible entry plan idea:  Buy box $3.11- $3.35
Possible stop plan idea:   Protective below $3.11
Swing trade playground:  $3.11- $3.75=20%
Playground risk reward: 5:1 + depending on | entry | exit | stop

SPY:  208.50 new important level
7:00 am:  Simply put, yesterday was a great day in the market
At the end of the day, the SPY closed up 1.3% after gapping from an inside day creating a bull kicker-type candle pattern.  With a close over $207.00, the Bulls are in a good position to challenge the May 11th highs.  Yesterday’s volume was greater than the previous day, and yesterday’s volume closed over my 25-day simple moving average.  IWM also closed over a very important bear level.
Remember that price action is king, and it’s always best to follow what it’s doing.  Following candlesticks is a great way to always have a feel of the market attitude.

Trading knowledge ignites successful stock trading.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
IWM:  T-Line™ chart |Price bullish | Lines about to turn bullish
SMH:  T-Line™ chart |Consolidation is needed
IYT:  T-Line™ chart |Not running on all 8 cylinders
VIX: T-Line™ chart | No fear
USO:  T-Line™ chart | Trending up | Needs to clear 12.05
UUP:  T-Line™ chart | Trending up | Getting into resistance
Each day 10 -15 stocks are 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.
To see all of today’s trade ideas Click Here

2-sma > T-Line™ = Minor trend up
T-Line™ > 34-ema = Intermediate trend up
2-sma < T-Line™  = Minor trend down
T-Line™ < 34-ema = Intermediate trend down

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.