Rick’s Featured Trade Ideas

GNW/Long (Insurance)  GNW is a classic Hit & Run Candlesticks Pinball Setup, I can also see a bullish cradle pattern and a bullish scoop pattern.

Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.
***FB was a great trade yesterday, I will be watching for a trade next week.

GNW/ Plan your trade & trade your plan  January 29, 2016
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Stop below $Members Only
Risk Reward 6:1 depending on entry/exit/stop

SPY Attitude: The daily chart is still under a great deal of bearish influence and has not triggered bullish.  The 60-minute chart has triggered bullish.

Another trading day has passed and the Bulls have defended the $187.50 area, and the chart has formed a bullish flag.  It looks as if yesterday’s hammer is generating a slight bullish open today, but will it be enough to close over $191.00, which is what these Bulls need to do.  If the Bulls are able to break out of the flag pattern and close over $191.00, they may be able to run to about $196.60 (raised from my $195.00 target)

IWM:   60-minute and daily chart are still signaling weak.
SMH:  60-minute and daily chart attitude still bearish.
IYT:  60-minute and daily chart attitude still bearish.
S&P VIX Short-Term Futures VXX:  Price closed back above the T-Line, bullish over $26.40.
USO Unites States Oil Fund:  Both 60 minute and daily charts are bullish.
This Week’s Economic Calendar—> Click Here

Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts.  Please follow your trading rules for entry stops and profits. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
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To see all of today’s trade ideas Click Here
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.