Morning Video Posted at 7:55 AM EDT
Public Swing Trade Ideas 12-8-2016 HRC Members go to the members are for today's stocks picks
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
TWTR Long 5-Day Morning Star
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
We have closed a couple double-digit gains and holding FRIGI +16.5% – Expecting double-digit gains from PARR, WETF, ESND, CEMP, UAN, EDIT, ITCI, NDLS
From a bull’s eye: Is this the perfect bullish storm for the market? Transports are moving higher, the major indices are moving higher even the Q’s are seeing a ray of sun.
The SPY broke out yesterday with a solid close above $221.82 which now becomes the support area. With normal profit taking along the way $228.00 area is the next up point we are watching.
Members Daily Trade Ideas. Be aware of sudden market changes!
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Member Swing Trade Ideas 12-8-2016
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
TWTR Long 5-Day Morning Star
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
We have closed a couple double-digit gains and holding FRIGI +16.5% – Expecting double-digit gains from PARR, WETF, ESND, CEMP, UAN, EDIT, ITCI, NDLS
From a bull’s eye: Is this the perfect bullish storm for the market? Transports are moving higher, the major indices are moving higher even the Q’s are seeing a ray of sun.
The SPY broke out yesterday with a solid close above $221.82 which now becomes the support area. With normal profit taking along the way $228.00 area is the next up point we are watching.
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Morning Video 12-7-16 Posted at 7:56 AM EDT
Good Morning Traders!
Although the day started off with a little selling yesterday finished strong with the SPY and the IWM closing at new record highs. The bull continues to be strong but is does show signs of slowing it march higher so it’s wise to not chase stocks that appear over-extended.
Today in economic news we have the JOLTS report and the petroleum status numbers. I would keep a close eye on the oil number today, if we see a build i supply oil could move quickly lower taking the market lower with it however if we see supply diminishing then it could provide us with the fuel to power the charts higher.
Remember we have have a massive economic new day coming next Wednesday. As we move closer to that big day don’t be surprised to see the market lose direction and become a bit choppy. There will likely continue to be some good trading with stocks that were a little slow to rally do some catching up during this period.
Wishing you a profitable trading day!
Trade Wisely,
Doug
Public Swing Trade Ideas 12-7-2016
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ITCI Long Inverted Head & Shoulder | Doji Continuation pattern |
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
**We have added a few new longs, we have set up the trade plan for Double-Digit gains
From a bull’s eye: The SPY has found support a1 $219.15 reversed and is now positioned to form a J-Hook continuation pattern (a breakout and follow-though is still needed). $222.20 followed by $224.00 would be good directional targets for the swing trader. $220.40 is now the new minor support line while $219.15is the major support line.
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Member Swing Trade Ideas 12-7-2016
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ITCI Long Inverted Head & Shoulder | Doji Continuation pattern |
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
**We have added a few new longs, we have set up the trade plan for Double-Digit gains
From a bull’s eye: The SPY has found support a1 $219.15 reversed and is now positioned to form a J-Hook continuation pattern (a breakout and follow-though is still needed). $222.20 followed by $224.00 would be good directional targets for the swing trader. $220.40 is now the new minor support line while $219.15is the major support line.
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Morning Video 12-6-16 Posted at 7:56 AM EDT
Public Swing Trade Ideas 12-5-2016
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
WAC Long Cup & Handle | Belt-hold | 3-Day Morning Star |
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
From a bull’s eye: Italy voters say NO and the morning futures are higher, but will the bulls win by the end of the week or will the bears?
Follow the chart. (SPY short term) A close above $220.90 would put the bulls in a good position to test last week’s high while weakness below $219.15 would suggest the sellers have the upper hand.
The SPY and IWM charts still suggest the bull is in control with minor profit taking.
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Member Swing Trade Ideas 12-5-2016
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
WAC Long Cup & Handle | Belt-hold | 3-Day Morning Star |
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
From a bull’s eye: Italy voters say NO and the morning futures are higher, but will the bulls win by the end of the week or will the bears?
Follow the chart. (SPY short term) A close above $220.90 would put the bulls in a good position to test last week’s high while weakness below $219.15 would suggest the sellers have the upper hand.
The SPY and IWM charts still suggest the bull is in control with minor profit taking.
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members