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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.
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No trade ideas, I am protesting until the market looks better.
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Good morning everyone
Friday the market was dealt a surprise when the head of the FBI reopened the Clinton E-mail scandal case due to new evidence. Who knows what will come of it but the market hates this kind of uncertainty and may further complicate this very challenging market. With the election now only 8 days way and the market locked into a very tight range truly anything is possible. As a result, I highly doubt I will be doing much trading until the election is over and the market picks a direction.
I understand this has been very frustrating but why risk our money when chop rules the market. I believe big moves are coming soon so will spend my time preparing rather than fighting news driven emotionally charged chop where I have no edge. There are times when the best position is a cash position and personally I think that time is now. If you disagree that’s okay with me and I wish you success.
Trade Wisely,
Doug
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GRUB Short |Evening Star| Bear Flag |
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Still signs of weakness in the market – Friday was another ho-hum day in the market, and the bulls are just not in the party mood. Going into this week I see no sign of price action that the SPY is ready to change its current direction, which has been down. The overall chart pattern from August still has a Bearish read. Last week ended up with a lower high keeping the downtrend resistance line intact. The trading range in the SPY is $214.60 down to $210.60 and with a possible negative surprise to $209.10. Above $214.60 would turn the market around.
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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
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GRUB Short |Evening Star| Bear Flag |
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Still signs of weakness in the market – Friday was another ho-hum day in the market, and the bulls are just not in the party mood. Going into this week I see no sign of price action that the SPY is ready to change its current direction, which has been down. The overall chart pattern from August still has a Bearish read. Last week ended up with a lower high keeping the downtrend resistance line intact. The trading range in the SPY is $214.60 down to $210.60 and with a possible negative surprise to $209.10. Above $214.60 would turn the market around.
Members – Trading Room Password Change Tonight
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
Well, my hopes for a big tech pop fell flat on its face just a few seconds after the market closed yesterday and AMZN reported a earnings miss. GOOG quickly followed with a report that beat but failed to inspire a move to offset AMZN. Consequently, we remain stuck in the very narrow range that has plagued the market for 2 months now.
The Dow futures were basically flat at about 5 AM and although we are getting a little fluff up push in the Pre-Market action I think we can expect more chop today.
The GDP number this morning has the potential of moving the market this morning but unless it is a big surprise I wouldn’t want to hold my breath that it will do much of anything. There are more than 100 earnings being reported today but again I think it to be unlikely they will generate adequate energy to break the support or resistance log jams.
If you can, today would a very good day to turn off the computer and go do something productive or fun rather than wasting a Friday watching chop. It will get better I’m confident of that but likely not until we get past the election.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
Friday’s at Hit & Run Candlesticks
- Never end the week without profits
- Reevaluate your current positions
- Share your week’s trading with a trading buddy
Good Morning, Profit Traders,
We closed 1/2 of TZA – Yesterday we closed 1/2 of our TZA position for an 11.69% (Double-Digit gain). TZA was already above our first target. IWM is still under the seller’s spell and more downside is likely, remember there are always little relief rallies.
The SPY ended up engulfing Wednesday keeping the T-Line under the 34-ema and sellers in power. One of the SPY targets is the $211.50 area – on target.
OUR EXAS short has hit Double-Digit Status with plenty of room to go.
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
Friday’s at Hit & Run Candlesticks
- Never end the week without profits
- Reevaluate your current positions
- Share your week’s trading with a trading buddy
Good Morning, Profit Traders,
We closed 1/2 of TZA – Yesterday we closed 1/2 of our TZA position for an 11.69% (Double-Digit gain). TZA was already above our first target. IWM is still under the seller’s spell and more downside is likely, remember there are always little relief rallies.
The SPY ended up engulfing Wednesday keeping the T-Line under the 34-ema and sellers in power. One of the SPY targets is the $211.50 area – on target.
OUR EXAS short has hit Double-Digit Status with plenty of room to go.
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
Today is a huge day for earnings with 450 companies reporting. After the close, we get a double whammy with 2 of the huge tech giants reporting. AMZN and GOOG can have the power to move the market in either direction. Options are suggesting that both companies have the potential of huge moves today. If they both happen to be positive moves we could finally see resistance tested, on the other hand, if they were to both disappoint support cold be broken. Al we can really do is watch, wait and hope for the best.
Next week is yet another big week of earnings reports so the drama of earnings is far from over. Speaking of drama, with only 13 days left to the election we can expect the candidates to do and say almost anything to get a vote. That, of course, can and will likely continue to be the driving force keeping the market range bound and choppy. Personally, I see this election as a national embarrassment. No matter who wins we all lose. How the market will react is anyone’s guess but It will react with some sort of knee jerk reaction. Keep that in mind as you plan your portfolio holdings over the next couple weeks.
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
EVH Short |3-day Evening Star| Dreaded “h” Pattern | Blue Ice
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
IWM under a great deal of pressure – Yesterday, IWM had a failed attempt at closing above the T-Line™ and closing above Tuesday’s close. The trend in the IWM chart is currently controlled by the sellers with short-term relief rallies. Unless there is a dramatic change in the overall market I expect IWM to reach another low target of $117.40ish.
We are currently in a mixed bag of positions, longs and shorts. We still see plenty of long positions and far more short positions.
We will continue to do what we do best as you should as well, stick with what you know (trading strategies) lower position size, take profits sooner, work within trending charts in the direction your trading. And most of all except the fact you don’t have to trade every day, just because someone else is making money doesn’t mean you’re going to make money.
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
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
EVH Short |3-day Evening Star| Dreaded “h” Pattern | Blue Ice
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
IWM under a great deal of pressure – Yesterday, IWM had a failed attempt at closing above the T-Line™ and closing above Tuesday’s close. The trend in the IWM chart is currently controlled by the sellers with short-term relief rallies. Unless there is a dramatic change in the overall market I expect IWM to reach another low target of $117.40ish.
We are currently in a mixed bag of positions, longs and shorts. We still see plenty of long positions and far more short positions.
We will continue to do what we do best as you should as well, stick with what you know (trading strategies) lower position size, take profits sooner, work within trending charts in the direction your trading. And most of all except the fact you don’t have to trade every day, just because someone else is making money doesn’t mean you’re going to make money.
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
