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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
AAOI Long
Conditions: T-Line® crossed 34ema| Breakout | Flag | 3-day Doji continuation pattern
From a bull’s eye:
SPY – No change, sideways with minor cracks. IWM – Lower highs, below T-Line®, attracting sellers. DIA – Chart looking toppy, below T-Line®, starting to attract flies. QQQ – Price leading the T-Line®, bulls still in control. GLD – Tagging resistance, PBO setting up. UUP – Relief rally is likely, nearing minor support.
Member’s Recent Trade Picks:
- NUGT popped another 7.94% with 19.52% at close – one of our signature chart patterns
- DYN took another 5.68% step with 12.77% at close – one of our signature chart patterns
- IMGN popped 5.35% with 23.08% at close- one of our signature chart patterns
- We teach how to find, plan, trade, and profit
Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
AAOI Long
Conditions: T-Line® crossed 34ema| Breakout | Flag | 3-day Doji continuation pattern
From a bull’s eye:
SPY – No change, sideways with minor cracks. IWM – Lower highs, below T-Line®, attracting sellers. DIA – Chart looking toppy, below T-Line®, starting to attract flies. QQQ – Price leading the T-Line®, bulls still in control. GLD – Tagging resistance, PBO setting up. UUP – Relief rally is likely, nearing minor support.
Member’s Recent Trade Picks:
- NUGT popped another 7.94% with 19.52% at close – one of our signature chart patterns
- DYN took another 5.68% step with 12.77% at close – one of our signature chart patterns
- IMGN popped 5.35% with 23.08% at close- one of our signature chart patterns
- We teach how to find, plan, trade, and profit
Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
Today’s stock picks are reserved for subscribed members
Continue Reading
Good Morning everyone and Hump Day!.
Yesterday the market seem to be in limbo with light volumes and very small price moves. Perhaps the market is waiting to see more earnings results before making a decision of direction or maybe the market is simply waiting for the new president to get started. Whatever the reason may be w continue to be locked into a small range of sideways chop and forcing us to have a heightened level of confidence.
Today we have several big earnings such as C and GS prior to market open and NFLX after the close today. Big pre-market earnings reports have the potential of moving the futures around so the open today I think is still up in the air and anything is possible. We also have a very busy economic calendar today with CPI, Industrial Production and Janet Yellen speaking this afternoon as the most likely of to move the market.
I believe we must continue with our heightened caution. This means we need to choose carefully the stocks we trade, perhaps trade them smaller and have a willingness to take profits sooner if the market does suddenly pick a direction.
I wish you all a productive day!
Trade Wisely,
Doug
Click Here to Watch the Morning Video
HRC Member’s – Go to the members’ area for today’s stock picks Members Link
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
DPLO Long
HRC Signature Pattern: RBB | Above T-Line™
Conditions: Supporting Bottom | Bullish Harami | Doji Continuation | Breakout
From a bull’s eye:
Last week I mentioned that the market had developed a few cracks, cracks that can be fixed, but the bulls needed to get to work. Overall price is still holding in a sideways pattern, you can see it on our charts in the trading room.
A few important support numbers for 3 indices are: SPY $222.70, IWM $133.60, DIA $196.90. Friday price managed to close near or above our T-Line™, today and this week
Member’s Recent Trade Picks:
- DXCM popped 25.91% and closed at 26.98% – one of our signature chart patterns
- CYH took another 5.32% step, now at 11.24%- one of our signature chart patterns
- QHC popped 4.84%% – one of our signature chart patterns
- We teach how to find, plan, trade, and profit
Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
DPLO Long
HRC Signature Pattern: RBB | Above T-Line™
Conditions: Supporting Bottom | Bullish Harami | Doji Continuation | Breakout
From a bull’s eye:
Last week I mentioned that the market had developed a few cracks, cracks that can be fixed, but the bulls needed to get to work. Overall price is still holding in a sideways pattern, you can see it on our charts in the trading room.
A few important support numbers for 3 indices are: SPY $222.70, IWM $133.60, DIA $196.90. Friday price managed to close near or above our T-Line™, today and this week
Member’s Recent Trade Picks:
- DXCM popped 25.91% and closed at 26.98% – one of our signature chart patterns
- CYH took another 5.32% step, now at 11.24%- one of our signature chart patterns
- QHC popped 4.84%% – one of our signature chart patterns
- We teach how to find, plan, trade, and profit
Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
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Good Morning RWO.
I hope everyone had a fantastic weekend. I’m not 100% just yet but doing much better so everything should be back to normal if there is such a thing.
The Futures are pointing to a lower open this morning an because the gap down is a slightly larger than we have been seeing lately it’s common to have an emotional reaction and thinking the sky is ready to fall. However, if you look at the index charts you will see that there is a reason to raise your caution level but at least now there is no need to panic.
MS reported great earnings this morning and that help to lift the futures off the lows. Don’t forget the power of earnings session and the influence it has over the trader emotion. On the economic calendar, we have the empire state number this morning but I doubt it will have much effect unless the number is a major surprise. We have several Fed speakers today and it looks as if they will keep the hot air circulating the rest of the week.
For today raise your caution level just a little and watch the charts.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
Good Morning and Happy Friday!
Yesterday turned out to be a nasty whipsaw and justifying my words of caution. Today it’s all going to be about the big economic reports and earnings. Both PPI and Retail Sales will be out prior to the market open and we will likely have seen reactions to bank earnings before the open as well. Anything is possible. If everything were to come out bullish then today could be the push through 20K with the increased volatility. If the market is disappointed in data it’s that same volatility that could quickly break through supports.
All we can do is wait, stick to our rules and avoid emotional decisions. I think today it would be wise to give the market 15 to 30 minutes to calm down before making any decisions on new risk.
RWO will be open today as long as my voice will hold out. I look forward to getting back to my normal schedule..
Trade Wisely,
Doug
Click Here to Watch the Morning Video
HRC Member’s – Go to the members’ area for today’s stock picks Members Link
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
SNMX Long
Conditions: RBB | Cup & Handle | Double Bottom | Flag | 3-day Doji Continuation
From a bull’s eye:
The SPY closed down slightly still managing to close above the T-Line™. The SPY at this point could go either way based on the chart patterns we see.
With a 3 day weekend, today would be a great day to scoop off the profits and head to the bank.
Member’s Recent Trade Picks:
- CLVS popped another 8.43% for 20.42% – one of our signature chart patterns
- SSW ran to our first target PROFITS – one of our signature chart patterns
- OSG climbed higher for 16.75% – one of our signature chart patterns
- We teach how to find, plan, trade, and profit
Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
Today’s stock picks are reserved for subscribed members
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
SNMX Long
Conditions: RBB | Cup & Handle | Double Bottom | Flag | 3-day Doji Continuation
From a bull’s eye:
The SPY closed down slightly still managing to close above the T-Line™. The SPY at this point could go either way based on the chart patterns we see.
With a 3 day weekend, today would be a great day to scoop off the profits and head to the bank.
Member’s Recent Trade Picks:
- CLVS popped another 8.43% for 20.42% – one of our signature chart patterns
- SSW ran to our first target PROFITS – one of our signature chart patterns
- OSG climbed higher for 16.75% – one of our signature chart patterns
- We teach how to find, plan, trade, and profit
Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
Today’s stock picks are reserved for subscribed members
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HRC Member’s – Go to the members’ area for today’s stock picks Members Link
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
SPWR Long
Conditions | RBB |3-day Bullish Engulf | Double Bottom | 3-day Doji Continuation
From a bull’s eye:
The SPY closed up .28% and the 6th day with a T-Line™ run, still drawing a Inverted Head and Shoulder pattern on the daily chart.
IWM, DIA’a and the QQQ’s are also holding the T-Line™ with buyers becoming a bit more interested yesterday.
IWM and SMH showing have been trending well with signs of buyers.
Member’s Recent Trade Picks:
- CYH jumped another 7.24 % in one of our signature chart patterns
- SSW jumped another 7.09% in one of our signature chart patterns
- CC jumped another 5.31%
- We teach how to find, plan, trade, and profit
Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
Today’s stock picks are reserved for subscribed members
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