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
5 Successful, professional traders team up to provide you with: Tips, Tricks, and Secrets starting November 15, 2016. Save 10% before the discount ends! Check it Out
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
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
Click Here to Watch the Morning Video
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
