Morning Video 10-6-16 Posted at 8:23 EDT

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Good morning everyone. I hate to say it but today I am expecting a whole lot of nothing.  After the morning rush, I fully expect the market to settle into a very small range chop as it waits for the Employment Situation number Friday morning.

Sadly there is not much we can do to trade the Friday number because it will happen pre-market and the big action will likely occur before the open.  I personally see the potential for a big gap in either direction tomorrow that we will obviously not be able to control.  Thus, my suggestion is to manage the trades that you are in and avoid putting on additional risks.  If fact if you are concerned there is nothing wrong with taking gains on trades that currently have profits and then just sit back and watch with your capital protected.

Trade Wisely,

Doug

Click Here to Watch the Morning Video

Public Swing Trade Ideas 10-6-2016 Posted Time: 8:11am EDT

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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GLTS Long | Trending  | Rectangle  |  Breakout
Double click the trade plan to enlarge. This not a recommendation to buy. I am simply sharing a trade I am considering.

glts-10-6-16Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) —  Not much has changed in the overall market, the SPY and the DIA’s remain under bear pressure while IWM and the QQQ’s are trading above their 34-ema and the T-Line™ is above their 34-ema. The financial sector was up yesterday but the SPY was not, interesting because the SPY hold a fair amount of financials. Energy gapped and help the 20-sma, while real estate has been taking a swan dive off a cliff.
As of the close yesterday and the open today I see no bullish evidence in the SPY.

Yesterday HRC members enjoyed more profits in members’ trade Ideas!
CPRX (Long) moved another 30.36% for a total of +41.75%
CRMD (Long) moved another 15.66% for a total of +88.95%
CARA (long) popped another 11.91% for a total of 66.90%
BRS (long) climbed another 10.79% for a total of 17.24%

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!

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Member’s Swing Trade Ideas 10-6-2016 Posted Time: 8:09am EDT

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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GLTS Long | Trending  | Rectangle  |  Breakout
Double click the trade plan to enlarge. This not a recommendation to buy. I am simply sharing a trade I am considering.

glts-10-6-16Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) —  Not much has changed in the overall market, the SPY and the DIA’s remain under bear pressure while IWM and the QQQ’s are trading above their 34-ema and the T-Line™ is above their 34-ema. The financial sector was up yesterday but the SPY was not, interesting because the SPY hold a fair amount of financials. Energy gapped and help the 20-sma, while real estate has been taking a swan dive off a cliff.
As of the close yesterday and the open today I see no bullish evidence in the SPY.

Yesterday HRC members enjoyed more profits in members’ trade Ideas!
CPRX (Long) moved another 30.36% for a total of +41.75%
CRMD (Long) moved another 15.66% for a total of +88.95%
CARA (long) popped another 11.91% for a total of 66.90%
BRS (long) climbed another 10.79% for a total of 17.24%

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
SALT
VOYA
SHOR
INFN
PTEN
GLBL
GTLS
NCLH
——Short
PAYC
PFPT
ULTA
CSAL
WWW
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

Morning Video 10-5-16 Posted at 8:16 EDT

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Good morning everyone. Today we have several economic reports starting with the ADP jobs number and ending the Oil status report and several other in-between.  Personally, I think the Oil report has the best chance of moving the market but any surprise on jobs could also get us moving.  The question is which direction.

Without question, the market is a mess.  For an entire month, the DIA has chopped between a range of less than 3 points with a different direction almost every day.  Now we are even seeing intra-day whipsaws between the upper and lower ranges.

Chop like this dangerous and unproductive.  A wise trader is mostly sitting on the sidelines just waiting for a direction to be decided on.  Trading this mess is akin to playing in a meat grinder.  Just say no to chop!

Expect the market to really get slow and choppy after the morning rush of reacting to the news as we then go into a waiting pattern for the Friday Jobs number.  Anything is possible.

Trade Wisely,

Doug

Click Here to View the Morning Video

Public Swing Trade Ideas 10-5-2016 Posted time: 8:08am EDT

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Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
SPXS Long | (RBB) Rounded Bottom Breakout
Double click the trade plan to enlarge. This not a recommendation to buy. I am simply sharing a trade I am considering.

spxs-10-5-16Good Morning, Profit Traders,

T-Line™ below the 34-ema (SPY) —  The SPY closed down 1.10% and IWM closed down 0.61%.  The SPY was overrun by the bears yesterday adding more selling pressure to an already pressured chart.  One of the best tools I use is the T-Line™ (8-ema) and the 34-ema to determine the trend direction in a chart or index I am trading.  Keep it simple.  If the T-Line™ is below the 34-ema, sellers have control, and if the T-Line™ is above the 34-ema, buyers have control.  When you add price action (candlesticks), support and resistance, you have a powerful set of trading tools.

Yesterday HRC members enjoyed more profits in members’ trade Ideas!
NEM (short) moved another 10% for a total of +14.22%
DXCM (short) dropped another 3.59% for a total of +6.69%
CRMD (long) popped another 11.7% for a total of 63.73%
WAC (long) climbed another 10.31% for a total of 13.23%

An RWO trade adjustments video was just sent.  Taking about a 100% on BAX

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

Member’s Swing Trade Ideas 10-5-2016 Posted time: 8:06am EDT

by

Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
SPXS Long | (RBB) Rounded Bottom Breakout
Double click the trade plan to enlarge. This not a recommendation to buy. I am simply sharing a trade I am considering.

spxs-10-5-16Good Morning, Profit Traders,

T-Line™ below the 34-ema (SPY) —  The SPY closed down 1.10% and IWM closed down 0.61%.  The SPY was overrun by the bears yesterday adding more selling pressure to an already pressured chart.  One of the best tools I use is the T-Line™ (8-ema) and the 34-ema to determine the trend direction in a chart or index I am trading.  Keep it simple.  If the T-Line™ is below the 34-ema, sellers have control, and if the T-Line™ is above the 34-ema, buyers have control.  When you add price action (candlesticks), support and resistance, you have a powerful set of trading tools.

Yesterday HRC members enjoyed more profits in members’ trade Ideas!
NEM (short) moved another 10% for a total of +14.22%
DXCM (short) dropped another 3.59% for a total of +6.69%
CRMD (long) popped another 11.7% for a total of 63.73%
WAC (long) climbed another 10.31% for a total of 13.23%

An RWO trade adjustments video was just sent.  Taking about a 100% on BAX

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
JDST
WAC
ETSY
WNR
SPXS
———-Short
PAYC
Z
INGR
TDG
WPZ
CSAL
TPC
LGIH
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