Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GORO Long | Broke over resistance, Weekly J-Hook Pattern
Double click Trade View to enlarge
Good Morning, Profit Traders,
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Want to learn how the best, the highest probable trades? Did you know you don’t have to be in the trading room to learn and bank profits? Below are a few trades that have been on our news board.
CONN +23.75%
PTCT +33.86%
CMRD +53.49%
BLOX +22.79%
OVAS +32%
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No rate hike! If history repeats itself and it should, the bulls should be feeling pretty good. Price has closed over the important $215.55 area and will try to take on the $216.80 area, which is another resistance area that the bulls needs to win. The 3-day chart is forming a Bullish Morning Star signal and with follow-through, over $216.80 could set the bulls free to print new highs.
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
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GORO
ETSY
BRS
FET
NUS
GPRO
PTCT
FIT
PRGO
LC
AEGR
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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Last Updated: September 21, 2016
Imagine a mountain engulfed in flames. What a sight that would be! When I picture a Bearish Engulfing pattern, I think of that imaginary mountain. There are prices rising upward, creating one half of the mountain, a black candlestick engulfing a white candlestick at the top, and then the inevitable downward movement creating the other half of the mountain. This bearish candlestick pattern is important for investors to know, and luckily it’s easy to identify and interpret. We’ve already discussed its bullish brother, the Bullish Engulfing pattern, so today it’s time we gave the Bear its turn.
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Good morning. It’s Yellen day and without question, it is going to be a tough day to trade. The BOJ did just enough to keep the bears from showing their teeth this morning but let’s keep in mind the market has now gapped up 4 days in a row only to sell off the rest of the day. Fool me once shame on you, fool me twice, Shame on Me!
At 10:30 eastern time will get oil numbers and that has proven to move the market in the past. At 2 PM we will finally hear from the Fed with the press conference at 2:30. Expect some very wild price action right after the news with some very big whipsaws in just a few minutes.
I will likely sit on my hands most of the day if not all. Trading the news is the domain of the big boys so it’s better to stand aside and let them duke it out. We will enter after it calms down and a directional decision has been made.
Trade Wisely,
Doug
Click here to watch the video.
Learn from example | $CARA | Video Replay
When I hear the word engulfing, I imagine a wave washing over a shore or a building being consumed by flames. To engulf means to sweep over something, to surround it, or to cover it completely. Thus, it should come as no surprise that a Bullish Engulfing pattern features one candlestick covering (or engulfing) another. This two candlestick pattern occurs after a downtrend and is formed by one bearish candlestick (which is covered) and one bullish candlestick (which does the covering). It occurs frequently, so it is important that you learn to identify and interpret it. Ready for a quick lesson? To learn more about the Bullish Engulfing pattern’s formation and meaning, simply scroll down.
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Rick’s Featured Trade Ideas
No trade ideas today
Double click image to enlarge
Good Morning, Profit Traders,
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What can you say? If the market likes what Janet says, then it will go up; if the market does not like it, then down. It really is as simple as that. We sold off most of our winners yesterday to protect profits ($$$$$$). Today and through the knee-jerk reaction following, we will manage the trades we have kept. We will start to buy more positions if the chart patterns are there in both the market and stocks.
Trade with rules
Rick | Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
No trade ideas today
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading
Rick’s Featured Trade Ideas
No trade ideas today
Double click image to enlarge
Good Morning, Profit Traders,
We offer affordable membership and private coaching. Take the next step Click Here
What can you say? If the market likes what Janet says, then it will go up; if the market does not like it, then down. It really is as simple as that. We sold off most of our winners yesterday to protect profits ($$$$$$). Today and through the knee-jerk reaction following, we will manage the trades we have kept. We will start to buy more positions if the chart patterns are there in both the market and stocks.
Trade with rules
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 today
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
TTMI Long | Trending, Bullish Cradle pattern, Bullish Doji Continuation pattern
Double click the trade plan to enlarge
Good Morning, Profit Traders,
Another Steller day for the HRC member trade ideas
PTCT +33.86%
CMRD +53.49%
BLOX +22.79%
OVAS +32%
We offer affordable membership and private coaching. Click Here
$212.30 remains support and $215.55 remains resistance on the SPY chart. Not much has changed in the past 6 trading days. Resistance is resistance and support is support. Both the buyers and sellers seem content on waiting for the FOMC and BOJ to bless us with their words of wisdom (Ha). Either way, price remains trapped between support and resistance, and the T-Line™ seems to be keeping the bulls from escaping.
Computer distribution was the big winner yesterday gapping and closing up 6.7% while Semiconductor memory was received poorly, down 2.66%
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
—————————————————————————————–
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
TTMI Long | Trending, Bullish Cradle pattern, Bullish Doji Continuation pattern
Double click the trade plan to enlarge
Good Morning, Profit Traders,
Another Steller day for the HRC member trade ideas
PTCT +33.86%
CMRD +53.49%
BLOX +22.79%
OVAS +32%
$212.30 remains support and $215.55 remains resistance on the SPY chart. Not much has changed in the past 6 trading days. Resistance is resistance and support is support. Both the buyers and sellers seem content on waiting for the FOMC and BOJ to bless us with their words of wisdom (Ha). Either way, price remains trapped between support and resistance, and the T-Line™ seems to be keeping the bulls from escaping.
Computer distribution was the big winner yesterday gapping and closing up 6.7% while Semiconductor memory was received poorly, down 2.66%
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
—————————————————————————————–
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Symbols from TC2000
OVAS
PSG
AEGR
PBF
NUS
ALIM
TTMI
NLNK
OCN
PMTS
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
Good morning. I spent a lot of time going over chart last night and this morning looking for clues on the overall direction of the market. A long story short, everything I look at is suggesting we should sit on our hands today. I get the impression that the decision from the BOJ and the oil report will completely overshadow the decision from the FOMC.
I think Rick has it right. Take profits where you can reduce risk to the market and then sit back and watch the show. If you have been putting off fishing, cleaning the garage or taking that special someone out on a date, today, would be a good day to get it done.
Trade Wisely,
Doug
Click here to watch the video.
