Rick’s Featured Trade Ideas

PRO/Long (Shipping Ports) | RBB | J-Hook Breakout |T-Line™ Run |
SB| Plan your trade & trade your plan | April 29, 2016
Possible entry plan idea:   Buy box $11.97- $11.33
Possible stop plan idea:   Protective stop below $11.97
Swing trade playground:  $11.97 – $13.41 = 50%
Playground risk reward:  5:1 + depending on | entry | exit | stop

SPY:  2ema Leading T-Line™ Down
7:00 am:  We’ve been talking about $207.00 being support for some time now. Yesterday, price hit a low of $206.96 bouncing back up closing at $207.45.  Timing is a very important element in swing trading with the SPY under the T-Line™ and flirting with the $207.00 area.  Long trades, which I think are plenty, just need to be watched a little carefully.  Maybe a little quicker on taking profits and the targets a little closer.  If the SPY slips below are $207.00, the next support area is $203.65.  Overall, it looks like the SPY is headed to the 23.6% retracement line, which is the $203.65 area.  Not being able to regain $207.00+ is what I would be concerned about. The transports don’t look like they’re going to be much help as they are looking like they might want to see $140.00.  SMH may also be a drag on the market; their path is looking like $52.60. The QQQ’s have been damaged by Apple, and their bags are packed, and it looks like they’re headed to $103.85.
IWM:  Daily chart |Pulling back| Watch the T-Line™
SMH:  Daily chart |Weak |Below T-Line™|
IYT:  Daily chart | Weak on volume |
VIX:  Daily chart | Getting Bullish
USO :  Daily chart | Bullish trend still in play | T-Line™ Run

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.