Rick’s Featured Trade Ideas
There will be no trade ideas until after the election, I feel it is too risky to be knee deep in the market right now. We believe in trading smart and smart money has backed out of this market. One of the hardest lessons for a trader to learn is you don’t have to be buying new positions every day.
Good Morning, Profit Traders,
SPY headed for the 200-sma on the daily chart – I would expect some consolidation around the 200-sma. The short trade and the inverse ETF’s have done very well, so it might be time to cash in a little.
So this market has acted and done just what we expected; using Candlesticks, Trends, Support and Resistance to navigate through a chart is a beautiful thing. Continue to stay mostly with the short trades (take a few profits). If you have long trades they are ok if they are working, staying with a long trade because of hope is never a good idea.
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Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
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No trade ideas, I am protesting until the market looks better.
Continue Reading
Rick’s Featured Trade Ideas
There will be no trade ideas until after the election, I feel it is too risky to be knee deep in the market right now. We believe in trading smart and smart money has backed out of this market. One of the hardest lessons for a trader to learn is you don’t have to be buying new positions every day.
Good Morning, Profit Traders,
SPY headed for the 200-sma on the daily chart – I would expect some consolidation around the 200-sma. The short trade and the inverse ETF’s have done very well, so it might be time to cash in a little.
So this market has acted and done just what we expected; using Candlesticks, Trends, Support and Resistance to navigate through a chart is a beautiful thing. Continue to stay mostly with the short trades (take a few profits). If you have long trades they are ok if they are working, staying with a long trade because of hope is never a good idea.
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.
As the major indexes draw nearer the 200-day moving average greater is the probability price will be drawn right down to it. However, there is always the possibility of a very short-term oversold bounce that could occur prior to the 200 test. The futures are slightly bullish this morning but I sure wouldn’t believe the selling is over just yet.
We are now 5-day to the election and the jittery market is trying to deal with changing polls and the reality that it may be too close to call. We have several economic reports this morning and although they do have the potential to move the market it’s likely the election will trump everything else. No pun intended. Keep in mind we have the big employment situation number Friday morning so expect light volumes after the morning rush.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
Rick’s Featured Trade Ideas
There will be no trade ideas until after the election, I feel it is too risky to be knee deep in the market right now. We believe in trading smart and smart money has backed out of this market. One of the hardest lessons for a trader to learn is you don’t have to be buying new positions every day.
Only a few more days!
Good Morning, Profit Traders,
SPY headed for the 200-sma on the daily chart – Not too much to say, the SPY is still under pressure and the 200-sma area looks promising before the election. The small caps (IWM) is under the same pressure and the same target area.
Our Inverse ETF trades are working very nice, let’s think about closing some of the position (s) out, you know the success rule sell into strength.
If you have not registered for the 2106 Holiday event I urge you to do so. 5 professional traders will teach what they do best. The 10% discount is still infected for the next 3 days. I GARRANTEE you WILL NOT BE SORRY! 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
There will be no trade ideas until after the election, I feel it is too risky to be knee deep in the market right now. We believe in trading smart and smart money has backed out of this market. One of the hardest lessons for a trader to learn is you don’t have to be buying new positions every day.
Only a few more days!
Good Morning, Profit Traders,
SPY headed for the 200-sma on the daily chart – Not too much to say, the SPY is still under pressure and the 200-sma area looks promising before the election. The small caps (IWM) is under the same pressure and the same target area.
Our Inverse ETF trades are working very nice, let’s think about closing some of the position (s) out, you know the success rule sell into strength.
If you have not registered for the 2106 Holiday event I urge you to do so. 5 professional traders will teach what they do best. The 10% discount is still infected for the next 3 days. I GARRANTEE you WILL NOT BE SORRY! 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.
Yesterday we finally saw the bears step and give the market a push on election fears. As a matter a fact it seems everywhere we look there seem to be uncertainty and there is little that the market dislikes more.
Today at 10 eastern we get some Oil numbers that lately can move the market around but the big news of the day will be the FOMC at 2 PM eastern time. I think a .25 basis point increase in December has already been baked into the cake but if the FOMC surprises the market we will likely see a very big reaction. Until the release, however, there will likely be very light volume accompanied by choppy price action. As if we haven’t already had our fill of chop!!
I think we need to continue to stay small and remain cautious. Yesterday was a big move but I don’t think we have seen the full measure of it’s potential just yet. The good new is we seem to be getting closer to shaking loose of this 2-month long range. No matter which direction it decides it will be a welcome change. So hang in there, better trading is on the way.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
Rick’s Featured Trade Ideas
There will be no trade ideas until after the election, I feel it is too risky to be knee deep in the market right now. We believe in trading smart and smart money has backed out of this market. One of the hardest lessons for a trader to learn is you don’t have to be buying new positions every day.
Good Morning, Profit Traders,
SPY headed for the 200-sma on the daily chart – The election has the market selling off because of the unknown outcome or maybe the market knows? Either way just follow the charts. It seems very likely the SPY is headed for the 200-sma on the daily chart and 206ish is possible. Also looks like IWM is head for the 200-sma, while the QQQ’s are eyeballing the $113 area.
May of the members are in inverse ETF’s and doing very well right now, the market looks lower so I think I myself will stay with the inverse ETF’s
The VIX is showing signs of moving higher -over $21.60 the VIX could $32.20…Yikes, that’s getting up there.
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
There will be no trade ideas until after the election, I feel it is too risky to be knee deep in the market right now. We believe in trading smart and smart money has backed out of this market. One of the hardest lessons for a trader to learn is you don’t have to be buying new positions every day.
Good Morning, Profit Traders,
SPY headed for the 200-sma on the daily chart – The election has the market selling off because of the unknown outcome or maybe the market knows? Either way just follow the charts. It seems very likely the SPY is headed for the 200-sma on the daily chart and 206ish is possible. Also looks like IWM is head for the 200-sma, while the QQQ’s are eyeballing the $113 area.
May of the members are in inverse ETF’s and doing very well right now, the market looks lower so I think I myself will stay with the inverse ETF’s
The VIX is showing signs of moving higher -over $21.60 the VIX could $32.20…Yikes, that’s getting up there.
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.
During the evening we had some good number out of Asian markets that popped the Dow futures up about 60 points but as we get closer to the open the futures are sliding back toward a flat open.
Today we have several economic numbers before the open with the biggest being the ISM number that won’t be released until 10 AM eastern. Although we have a lot of earnings today it’s unlikely we will see much movement from the reports. The FOMC meeting begins today and as we all know the market tends to trade lightly in a tight range as it waits for the announcement. The Employment Situation number on Friday is another report that normally keeps the market subdued until it’s release.
Last but not least is the election just 7 days away making the market very apprehensive particularly due to the Clinton email scandal bubbling to the surface once again.
Once again I will most likely sit on hands while all this uncertainty unfolds. I understand how hard it is to simply continue to wait but when we have no edge it’s the best thing we can do to protect our capital.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
Rick’s Featured Trade Ideas
No trade ideas today, take a look at yesterday featured trade ideas.
Good Morning, Profit Traders,
Please, Lord, get this election over with!! This market is making us all go stir crazy! All of the big money is on the sidelines waiting for the shoe to drop so they know what and when to do it. The overall market is in a state of limbo wondering around lost. The bulls are trying to keep what they have, and the sellers are trying to take it. The secret, for the time being, is to be patient and keep your powder good and dry. Chasing stocks around right now is not the smart thing to do. The sellers are still controlling the buyers and the buyers are fighting back just enough to keep trading slowly. The VIX is trying to put a game together, and it nearly has enough players.
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
