Let’s capture a profit, take a small loss to avoid dividend risk and time decay and adjust a stop on trade that is currently looking good.
View BAX Trade Sheet Update Close the trade to capture a nearly 100% gain.
View JPM Trade Sheet Update Close the trade to avoid dividend payment and earnings. A loss of about -13.7% due to time decay.
View EA Trade Sheet Update A stop loss has been added to the position.
Good morning everyone. The overall market continues to tighten its price range and seems to be locked into a choppy go nowhere pattern. We don’t have any economic news to speak of today that could provide a spark of directional energy but we do have 2 Fed speakers wasting oxygen.
We are beginning to see a barrage of talking heads predicting the market has nothing up upside with an equal number of those saying we are close to a cliff. The fact of the matter is these talking heads are on their knees pleading a case to please put your money in the market because they are bleeding to death this year. A report last night showed that only 16% of money makers are beating the market so far this year. Outflows from mutual funds continue to grow and even hedge funds are parking money in ETF’s just hoping to at least match the market.
Trust me on this the market will eventually pick a direction and it will have nothing to do with any of these talking heads and their predictions. Just follow the charts, my friends.
As this range continues to tighten the danger of a big move grows. The very best position today is to keep your hands in your pockets and away from your keyboard. Wait, watch and be ready when a direction shows itself.
Trade Wisely,
Doug
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
PETX | Breakout
Double click the trade plan to enlarge
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — The SPY closed down 0.24% and IWM closed down 0.31%.
While the T-Line™ stays below the 34-ema on the SPY I will stay bearish on the SPY and while the T-Line™ stays above the 34-ema on the IWM I will stay bullish. Neither chart looks as if It’s very healthy. If you are a cloud follower then you might want to know the SPY is in the cloud and IWM is still above.
Yesterday HRC members enjoyed a
11% move in PTEX 35% total
6.39% move in XTLY 22.25 total
5.54% move in 234% total
Ready to be on the winning team? Click Here
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
PETX | Breakout
Double click the trade plan to enlarge
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — The SPY closed down 0.24% and IWM closed down 0.31%.
While the T-Line™ stays below the 34-ema on the SPY I will stay bearish on the SPY and while the T-Line™ stays above the 34-ema on the IWM I will stay bullish. Neither chart looks as if It’s very healthy. If you are a cloud follower then you might want to know the SPY is in the cloud and IWM is still above.
Yesterday HRC members enjoyed a
11% move in PTEX 35% total
6.39% move in XTLY 22.25 total
5.54% move in 234% total
Ready to be on the winning team? Click Here
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
PETX
WPRT
TK
SN
SYNA
LPCN
NUS
EEFT
PVH
FTI
TRN
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading
Video #8 What is Delta
Video #7 An Introduction to the Greeks
Video #6 Intrinsic and Extrinsic Option Values
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
MTOR | Breakout
Double click the trade plan to enlarge
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — The SPY closed up 1.62% and IWM closed up 1.35%. The SPY was not able to clear the 50-sma or our $217.42 line, while the IWM chart has been trending and consolidation over the big 3 grouping. $124.25 is the important line for the bulls on the IWM chart.
Individual charts have worked out very well for us despite the market. At the close Friday, $CLVS up 117.82% – $AAOI up 88.86% – $SEMI up 86.11% – $PTCT up 70.65% – $STX up 60.56% – $ERII up 56%. We can show you 119 more members’ trade ideas that are up (GREEN) as of the close Friday.
Ready to be on the winning team? Click Here
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
MTOR | Breakout
Double click the trade plan to enlarge
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — The SPY closed up 1.62% and IWM closed up 1.35%. The SPY was not able to clear the 50-sma or our $217.42 line, while the IWM chart has been trending and consolidation over the big 3 grouping. $124.25 is the important line for the bulls on the IWM chart.
Individual charts have worked out very well for us despite the market. At the close Friday, $CLVS up 117.82% – $AAOI up 88.86% – $SEMI up 86.11% – $PTCT up 70.65% – $STX up 60.56% – $ERII up 56%. We can show you 119 more members’ trade ideas that are up (GREEN) as of the close Friday.
Ready to be on the winning team? Click Here
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
WAC
LPCN
AVGR
SEMG
MTOR
ADMP
EVH
RH
AMBA
TLRD
MS
WPRT
MRTX
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading
