Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
WB Short | Bearish Engulf | Blue Ice Failure
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bear’s eye: The morning futures after a Trump win has us opening around the 200-sma on the SPY near the lower downtrend line. Continued weakness would take us to about $207.00ish. Breaking down below the lower trend line could also set us up for a test of near the JUNE lows.
From bull’s eye: The morning futures have us around the 200-sma possibly forming a double bottom. A close above $209.70 would suggest a run to about $215.25. Keeping in mind the trend is negative, so a bull trade on the SPY would be a relief rally trade only.
A quote from Ed Carter, one of the speakers:
– I’ll be explaining the six different types of support/resistance and how to find them.
– I’ll explain how to tell a strong S/R level from a weaker one.
– We’ll cover the 3 key rules for using support and resistance in your trading.
Learn More: CLICK this LINK to LEARN MORE
Lear to be your own BOSS and earn an income from your own home
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Set Goals – Then MEET THEM
Become a Master – And never stop learning
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Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
WB Short | Bearish Engulf | Blue Ice Failure
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bear’s eye: The morning futures after a Trump win has us opening around the 200-sma on the SPY near the lower downtrend line. Continued weakness would take us to about $207.00ish. Breaking down below the lower trend line could also set us up for a test of near the JUNE lows.
From bull’s eye: The morning futures have us around the 200-sma possibly forming a double bottom. A close above $209.70 would suggest a run to about $215.25. Keeping in mind the trend is negative, so a bull trade on the SPY would be a relief rally trade only.
A quote from Ed Carter, one of the speakers:
– I’ll be explaining the six different types of support/resistance and how to find them.
– I’ll explain how to tell a strong S/R level from a weaker one.
– We’ll cover the 3 key rules for using support and resistance in your trading.
Learn More: CLICK this LINK to LEARN MORE
Lear to be your own BOSS and earn an income from your own home
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
Good morning everyone.
Election Day 2016 has finally arrived, the robot calls will end, all that hot air will dissipate and perhaps we can get back to some normal market activity. I hope that I’m wrong on this but I fear is that although the campaigns are behind us the lingering effects of this election will haunt us for weeks, months and maybe even years to come. I’m expecting to see considerable volatility as we sort out the damage that has been created. No matter who wins we should all be prepared for a substantial gap Wednesday morning in either direction.
It is my intention to continue to sit on my hands today to protect my capital against the unknown outcome and the emotional reaction that will likely occur. Just imagine we had been trading with the market direction and had been holding a portfolio of short trades yesterday. That would have been painful!
There is little in the economic news that will affect trading today so don’t be surprised if we see choppy price action as America votes.
No matter the outcome I believe better days are ahead for the market and a trade-able direction will emerge. Get out and Vote!
Trade Wisely,
Doug
Click Here to Watch the Morning Video
Rick’s Featured Trade Ideas
Trading today is a horrible idea, sit on your hands.
Public webinar tonight 8:00 PM EST
Login Link: http://hitandruncandlesticks.omnovia.com/room2
Good Morning, Profit Traders,
A Trump Trade vs. a Hillary Trade – I get all these emails, and I’m sure you do as well, telling you about a Trump or Hillary trade based on who wins or who loses. Talking about running around hoping to catch a chicken. Folks, just be patient and trade the charts. It’s times like these where far more traders lose their money than make money. There is way too much risk in trying to catch that chicken that has claws and big teeth. But the lure of false promises and hope is sometimes too much, and MOST have never touched much less caught that dang chicken.
Yesterday was a good day for the bulls and they ran till they found resistance. To remain bullish in the short term, I would like to see $212.25 hold and $214.60 would be the next big challenge. If the sellers have their way, we will see a test near the October low.
A quote from Ed Carter, one of the speakers:
– I’ll be explaining the six different types of support/resistance and how to find them.
– I’ll explain how to tell a strong S/R level from a weaker one.
– We’ll cover the 3 key rules for using support and resistance in your trading.
If you have not registered for the 2106 Holiday event, I urge you to do so. Five professional traders will teach what they do best with 6 webinars.
The 10% discount ends today. CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
No trade ideas, I am protesting until the market looks better.
Continue Reading
Rick’s Featured Trade Ideas
Trading today is a horrible idea, sit on your hands.
Public webinar tonight 8:00 PM EST
Login Link: http://hitandruncandlesticks.omnovia.com/room2
Good Morning, Profit Traders,
A Trump Trade vs. a Hillary Trade – I get all these emails, and I’m sure you do as well, telling you about a Trump or Hillary trade based on who wins or who loses. Talking about running around hoping to catch a chicken. Folks, just be patient and trade the charts. It’s times like these where far more traders lose their money than make money. There is way too much risk in trying to catch that chicken that has claws and big teeth. But the lure of false promises and hope is sometimes too much, and MOST have never touched much less caught that dang chicken.
Yesterday was a good day for the bulls and they ran till they found resistance. To remain bullish in the short term, I would like to see $212.25 hold and $214.60 would be the next big challenge. If the sellers have their way, we will see a test near the October low.
A quote from Ed Carter, one of the speakers:
– I’ll be explaining the six different types of support/resistance and how to find them.
– I’ll explain how to tell a strong S/R level from a weaker one.
– We’ll cover the 3 key rules for using support and resistance in your trading.
If you have not registered for the 2106 Holiday event, I urge you to do so. Five professional traders will teach what they do best with 6 webinars.
The 10% discount ends today. CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
No trade ideas, I am protesting until the market looks better.
Continue Reading
Good morning everyone.
A wild Monday morning in store for the market as it reacts to the news that the FBI finished its review and the director informed congress that his July decision stands. The Dow futures are suggesting a big gap up at the open of more than 200 points, however, when you looks at the charts you will see nothing has changed and the downtrend continues to be in effect.
The morning gap will do us no good unless there is follow-through buying after the open. It is possible we could see the market simply chop around near that opening range because we still have the election to deal with tomorrow and the polls have it so close that anything could happen. It is also not out of the realm of possibilities there is selling into the morning gap move slowly and plan carefully if you do decide to trade.
As for me, I’m very content to continue sitting on the sideline and waiting to see how the market reacts after the election. I’m also happy to be sitting mostly in cash while I wait.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CWEI Long | Bull Kicker | Rectangle Breakout
No Trader Vision chart today.
CWEI Long above 92.55
Stop < 84.00
Target area 141.25
Good Morning, Profit Traders,
SPY headed higher –– It would appear the market has decided or knows the election outcome with the way the futures are up.
There are a few resistant areas that the SPY will need to get through. $212.25 represents a double bottom made in September and October, then about $214.60. I would almost bet this is a relief rally and a proper reversal pattern needs to be created.
Please keep in mind, if today’s move remains bullish as the futures are indicating, it does not mean the larger bear pattern has been corrected.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
No trade ideas, I am protesting until the market looks better.
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CWEI Long | Bull Kicker | Rectangle Breakout
No Trader Vision chart today.
CWEI Long above 92.55
Stop < 84.00
Target area 141.25
Good Morning, Profit Traders,
SPY headed higher –– It would appear the market has decided or knows the election outcome with the way the futures are up.
There are a few resistant areas that the SPY will need to get through. $212.25 represents a double bottom made in September and October, then about $214.60. I would almost bet this is a relief rally and a proper reversal pattern needs to be created.
Please keep in mind, if today’s move remains bullish as the futures are indicating, it does not mean the larger bear pattern has been corrected.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
No trade ideas, I am protesting until the market looks better.
Continue Reading
Good morning everyone.
It’s Friday, and I for one am so glad the last weekend before the election is here. Let’s cross our fingers and hope we can return to some normal market price action once the election is behind us.
Today we have the Employment Situation number and International Trade report at 8:30 eastern. Both numbers have the ability to move the market under normal circumstances but with the election pending, normal seems nearly impossible to achieve. Currently, the Futures are pointing to a slightly bearish open but after the economic reports, anything is possible. With the SPY, IWM, and DIA so very close to the 200-day average we should not be surprised to see price move that direction and even pass through before a relief bounce occurs. I do however think the charts are telling us a relief bounce is near and possibly even today it could occur.
With it being Friday and just before the election I doubt very much there will be any new trades today but never say never. If you have been looking for a great day to take off this may be your opportunity. I’m confident better trading on the way soon. Have a fantastic weekend everyone.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
