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One of Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
TROX Long
Conditions: PBO Bullish Engulf | Breakout | Rising lows
From a bull’s eye:
The SPY’s trend is still bullish with the close yesterday over $226.60. $226.60 is our support line, if the bulls lose this area the bears may be wanting to do a little grazing.
The last few weeks I have talked about a few cracks in the market and the bulls really need to plug them before the cracks get to large.
Leading Industries the past 10 days
Semiconductor Memory, Coper, Aluminum, Data Storage, Rental & Leasing Services
The ETF – GLD RBB chart setup working out for those in it. WTG!
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Double Digit Gainers
We have 5-15 double-digit trade ideas every month. A $4000 investment in INFI would have put $1,142 in your pocket Yesterday. Want to Swing Trade and learn from the best? CLICK HERE
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GKOS Long
Conditions: Breakout |Cup & Handle | J-Hook C-Pattern | Morning Star Pattern
From a bull’s eye:
The Bulls managed to hold on to $226.60 on the SPY chart. The 2-day chart of the SPY has printed a Hammer but as we all know to follow-through is required. At this point, I still think the Bulls have the upper hand in the overall market.
The ETF – GLD RBB chart setup working out for those in it. WTG!
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Good Morning, it’s hump day and we have a busy market day ahead so I hope everyone is well rested and ready to rumble.
As we had hoped AAPL turned in a very good earnings report giving the bulls something more to think about than politics. Futures are suggesting a nice pop up at the open so far and all the major indexes are showing positive signs of holding price support at least for now.
We have a bunch of economic reports on the table today and some of them do have the potential of moving the market. The biggest and most important will be a 2 PM EDT when we hear from the FOMC. No one is expecting a change in the statement but if during her press conference Yellen begins to sound hawkish then the bears will have something to chew on so be careful.
After the morning rush don’t be surprised if the market goes very quiet as it waits for the FOMC. Also keep in mind we have over 130 companies reporting today we much remain on our toes when it comes to picking new trades.
I wish you all great day of trading.
Trade Wisely,
Doug
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Last Updated: January 31, 2017
Star light, star bright, first star I see tonight . . . . Unfortunately, this hopeful nursery rhyme doesn’t apply in the world of swing trading, where an Evening Star candlestick pattern indicates that very bad things are on the horizon. When traders spot this pattern, which is a top reversal signal, they know that lower stock prices may soon be on the way. However, the Evening Star candlestick pattern is a tricky pattern to identify, so investors must proceed with caution when they think they’ve sighted it. Scroll down to learn a little more about this hard-to-spot signal.
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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
GTN Long
Conditions: Inverted H&S |J-Hook | PBO Bullish Engulf
From a bull’s eye:
The SPY was able to close off its lows yesterday after the sellers had taken what they wanted. The overall chart pattern still suggests the buyers outnumber the sellers, but as I mentioned last week, I am seeing a few cracks in the ice so let’s walk carefully. Keep looking for the good chart setups and profit into strength. $226.60 is a line the bulls need to defend.
Leading Industries the past 10 days
Aluminum, Semiconductor Memory, Data Storage, Rental & Leasing Services, Copper
The ETF – GLD watching for a close over the T-Line, On our buy list.
Double Digit Gainers
We have 5-15 double-digit trade ideas every month. A $4000 investment in CSX would have put $1,080 in your pocket.
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
GTN Long
Conditions: Inverted H&S |J-Hook | PBO Bullish Engulf
From a bull’s eye:
The SPY was able to close off its lows yesterday after the sellers had taken what they wanted. The overall chart pattern still suggests the buyers outnumber the sellers, but as I mentioned last week, I am seeing a few cracks in the ice so let’s walk carefully. Keep looking for the good chart setups and profit into strength. $226.60 is a line the bulls need to defend.
Leading Industries the past 10 days
Aluminum, Semiconductor Memory, Data Storage, Rental & Leasing Services, Copper
The ETF – GLD watching for a close over the T-Line, On our buy list.
Double Digit Gainers
We have 5-15 double-digit trade ideas every month. A $4000 investment in CSX would have put $1,080 in your pocket.
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
