Rick’s Featured Trade Ideas

SB/Long (Shipping Ports) | RBB | J-Hook Breakout |T-Line™ Run |

SB| Plan your trade & trade your plan | April 28, 2016
Possible entry plan idea:   Buy box $1.25- $1.41
Possible stop plan idea:   Protective stop below $1.25
Swing trade playground:  $1.25 – $1.90 = 50%
Playground risk reward:  8:1 + depending on | entry | exit | stop

SPY:  Trending Bullishly
7:00 am:  The SPY chart is suggesting a slow grind to the top, after a boring day yesterday waiting for the feds the SPY finally opened up closing above the T-Line™ and above the previous day’s Doji creating a little Bullish Engulf.

Premarket I see the futures are down which is pushing  the SPY back below the T-Line™ remember the $207.00 area is extremely important for the Bulls to defend, simply put if the Bulls aren’t defending the $207.00 line the bears are attacking the $207.00 line.

Apple dropping yesterday is not helping the market at all today and the dysfunctional market in Asia seem to be holding the US back as well.
A big day for earnings-  (F) Ford beat and now breaking above the 200-sma, I heard on CNBC that 3/4 of the stocks that have reported so far beat on earnings. Over time this should act a positive for the market assuming the trend continues and of course if non-US markets can pull it together. The China Spider ETF (GTC) is having trouble with the 200-sma

IWM:  Daily chart |T-Line™ Run|
SMH:  Daily chart |Bullish Engulf | positioning for a breakout |
IYT:  Daily chart | Held up well yesterday |
S&P VIX Short-Term Futures VXX:  Daily chart | T-Line trending down
USO Unites States Oil Fund:  Daily chart | Bullish trend still in play | Nice 4-bar flag breakout

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!
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.
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.