Rick’s Featured Trade Ideas

No featured trade idea today….. It’s Friday!!!!!  Take some profits, reevaluate your positions.

Remember why we have the freedom to trade the way we do.  Take a minute this weekend, stop and say thank you, leave a flower or raise a glass to someone you know, a friend, anyone that has a connection to those that have fought for our freedom.

SPY:  High resistance $210.92 | High support $207.87
7:00 am:  T-Line™ Chart Bullish even with a minor pullback
Pretty quiet day yesterday.  The SPY closed up .03% in a very narrow range painting a Doji at the end of the day.  The T-Line chart has confirmed our short-term bullish trend and price continues to support this trend as well.  Yesterday was the second day that the SPY could not push above the $209.76 resistance line, which will no doubt start to make swing traders a little concerned.  A pullback to $207 would be a perfect swing trader’s trade, and we would accept $206.25 reluctantly.  The candle pattern currently painted is what we call a “Doji continuation pattern.”  This pattern is when you have a sharp rise in price and then the next day print a Doji at the high end of the previous day.  Trading tip:  candlestick signals require confirmation.  A bullish push above $209.76 would no doubt cast the April 20 highs.

Top sector leaders yesterday were Utilities, Consumer Defensive, both Les the 1%.  The two sector losers also both by 1% Energy printing a bearish dark cloud cover candle and Financial Services also printing a dark cloud cover candle.

Luxury Goods fell by 4.20% – ouch | technology computer Systems rose by 2.44%

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 | Bullish trend
SMH:  T-Line™ chart |Price bullish | Bullish trend | very toppy
IYT:  T-Line™ chart |Price bullish | Trend mixed
VIX: T-Line™ chart | Price bearish | Trend turning down
USO:  T-Line™ chart | Price PBO | Bullish trend
UUP:  T-Line™ chart | Price PBO| Bullish trend
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.