Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
CLDX/Long |RBB| Doji Continuation

SPY:  T-Line™ T-Line is in a Bearish position with the 34-ema

Good Morning, Profit Traders,

Most everyone was headed out for vacation on Friday, so the overall commitment to trade was lackluster.  The bulls were stopped at the sellers’ upper downtrend line drawn from June 8 to June 23 and extended downward to the July 1 high.  There are now three touches on this downtrend line when you include July 1.  (T-Line™ is also below the 34-ema. Last week was still a relief rally.)  The futures are suggesting a bit of profit taking this morning after the Bulls’ impressive relief rally last week, so a little pullback would be healthy.  $207.85 looks to be in a good pullback area followed by $206 40.  If the bears can manage to push the Bulls back down to $206 40 and the Bulls lose confidence at that level, the 200-period moving average may be the fallback.  Remember that price is king.  Let’s always follow price.  The relief rally last week was magnificent, and a pullback is likely but allow price to prove it —  a bare minimum, a positive.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.

IWM:  T-Line™ Daily chart |T-Line™ trend still Bearish
SMH:  T-Line™ Daily chart |T-Line™ trend Bullish
IYT:  T-Line™ Daily chart |T-Line™ trend still Bearish
XME: T-Line™ Daily chart | T-Line™ trend Bullish
USO:  T-Line™ Daily chart |T-Line™ Today might give a clue
UUP:  T-Line™ Daily chart |T-Line™ trend Bullish
VIX: T-Line™4-hour chart |T-Line™ trend Bearish
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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