Rick’s Featured Trade Ideas

It’s Friday, let’s close a few positions and head to the Bank
No trade idea today

Good Morning, Profit Traders,

The T-Line™ is a powerful timing indicator!
The SPY bear is stirring and the 4-day chart is sporting a bearish engulf. Looking at the 4-day chart, you can clearly see a bearish engulf followed by weak Doji candles. The $207.07 support line could be tested for strength or weakness today. The 30-minute chart has already cracked; with weakness, the 60-minute, 2-hour and 4-hour will follow. If the $217.25 cracks, the short-term bear will want to eat a little.

Members of HRC and RWO have enjoyed sweet success the past few weeks, and we plan to do the same in the days ahead.  Our plan will be to (if needed) have a few shorts ready and inverse ETFs.

A comment from a member yesterday:
(09:55 am) Neenie .:I am excited today as I am finally beginning to develop my own rules. Never thought I would see the day. In reality, it was all a blur when I started. Still not where I need to be, but working on it. What a difference this place has made for me. Thanks to all that help!
(09:56 am) John Velez:Only been here for a week and already agree with you Neenie

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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Members Daily Trade Ideas. Be aware of sudden market changes!
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These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains.  You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!

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Based on the close yesterday | Watch for the change
SPY:  T-Line™ & 2-hour chart | Signs of weakness
IWM:  T-Line™ & 2-hour chart | Signs of weakness
SMH:  T-Line™ & 2-hour chart | Signs of weakness
IYT:  T-Line™ & 2-hour chart | T-Line above 34-ema
DIA:  T-Line™ & 2-hour chart |Signs of weakness
USO:  T-Line™ & 2-hour chart | T-Line above 34-ema
UUP:  T-Line™ & 2-hour chart | Signs of weakness
VIX: T-Line™ & 2-hour chart |T-Line below 34-ema

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.