Good morning everyone
It’s a beautiful Monday morning the futures are suggesting a 70 plus point gap up the open. The huge merger deal between At&T and Time Warner is the reason for the excitement this morning but hey I welcome anything that might break us out of this chop.
This week we really blast into earnings with nearly 500 reporting on Thursday alone. Let’s hope they are better then what we have seen so far this quarter which has been lackluster at best.
There are 4 Fed speakers flapping their lips today which could mean some market nervousness if they lean hawkish. Another concern is that oil futures are currently down slightly and may dampen the bullish morning pop.
Although I am encouraged in the positive open we much keep in mind that the current downtrend must be defeated as well as the upper resistance level before gaining confidence in a direction. There is still a lot of work to be done.
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
CVI Long |Piercing signal| RBB Pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Here at RWO, HRC, and Trader Vision we work hard to provide the best trading education possible. Without a solid base of trading education, it is nearly impossible to trade profitably.
We share charts that we like and trades we take, without the education many traders lose money on the best trades. Have you ever asked yourself “why others traders made money” on that stock but I lost money?
T-Line™ below the 34-ema (SPY) — $214.50 remains a very important line for the bulls to beat, and the morning futures are suggesting the bulls may rage war on that line today. How the SPY closes today could be very important to the outcome of this and next week’s trading. Above $214.50 are a few obstacles we need to keep an eye on the downtrend line, recently failed highs, the 50 and 34 moving averages and $217.53 the September high.
WNR +23.23%
AVP +7.64%
JWN +31.38%
CZZ +29.57%
Do we have losers? Yes , e do! By having a plan for each trade we limit our losses.
Click Here to be on the Double-Digit winning team
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
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CVI Long |Piercing signal| RBB Pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Here at RWO, HRC, and Trader Vision we work hard to provide the best trading education possible. Without a solid base of trading education, it is nearly impossible to trade profitably.
We share charts that we like and trades we take, without the education many traders lose money on the best trades. Have you ever asked yourself “why others traders made money” on that stock but I lost money?
T-Line™ below the 34-ema (SPY) — $214.50 remains a very important line for the bulls to beat, and the morning futures are suggesting the bulls may rage war on that line today. How the SPY closes today could be very important to the outcome of this and next week’s trading. Above $214.50 are a few obstacles we need to keep an eye on the downtrend line, recently failed highs, the 50 and 34 moving averages and $217.53 the September high.
WNR +23.23%
AVP +7.64%
JWN +31.38%
CZZ +29.57%
Do we have losers? Yes we do! By having a plan for each trade we limit our losses.
Click Here to be on the Double-Digit winning team
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
The Broken Wing Butterfly Strategy is also known as a Skip Strike Butterfly.
Because it uses multiple option strikes it is considered an advanced option strategy and suitable for experienced options traders. Make sure you understand the trade and have practiced the execution and management of the position with a paper trade account until you feel comfortable with all the aspects of the position and your brokers trading platform.
Click Here to Watch The Broken Wing Butterly Class
Good morning everyone
Happy Friday everyone! This morning the market has a bit bearishness as the majority of the earnings seem to be failing to impress investors. Both Asian and Euro markets were mixed overnight with a slightly bearish lean.
Overall our major indexes remain in a very tight range with sideways chop maintaining control. If you are struggling in this market you are not alone. Data showed that last quarter the hedge fund industry performed less than the S&P average due to this challenging environment. 28 billion flowed out of hedge funds last quarter which registering as the biggest number since the 2009 selloff. Significant outflows continued in the mutual funds as well last quarter. Obviously, this isn’t a big confidence builder in the overall market however we need to see better price action before making any major moves.
There are a couple Fed speakers today but no major economic reports. Keep in mind there will be a major jump in earnings reports next week. Perhaps we may get some better clues next week but for now, I want to remain very cautious and small as we head into the weekend.
Have an awesome weekend everyone.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
Rick’s Featured Trade Ideas
It’s Friday, reel some fish in. No featured trade idea today, see stock picks below
Good Morning, Profit Traders,
Tell me why again you’re not a subscriber to our service and receive a free membership. Last month we gave away 5 free memberships. Contact Us
T-Line™ below the 34-ema (SPY) — By following a few easy rules and understanding the basics of charting, we have seen great profits from new traders as well as seasoned traders. Learning the basics is a great way to keep trading simple. Even though the SPY continues to disappoint (by the way, $214.50 boogie man line is still scaring price away), we are seeing good-size fish being pulled out of the trading pond and still holding some fish for good, double-digit profits.
Below are a few fish that have been caught and a few still being reeled in:
CRK +17.74%
WAC +49.47%
ARLP +34.32%
CZZ +24.83%
We have many more that we have caught this past week and many more that are still being reeled in.
Tell me why again you’re not a subscriber to our service and receive a free membership. Last month we gave away 5 free memberships. Contact Us
Click Here to be on the Double-Digit winning team
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
Rick’s Featured Trade Ideas
It’s Friday, reel some fish in. No featured trade idea today, see stock picks below
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — By following a few easy rules and understanding the basics of charting, we have seen great profits from new traders as well as seasoned traders. Learning the basics is a great way to keep trading simple. Even though the SPY continues to disappoint (by the way, $214.50 boogie man line is still scaring price away), we are seeing good-size fish being pulled out of the trading pond and still holding some fish for good, double-digit profits.
Below are a few fish that have been caught and a few still being reeled in:
CRK +17.74%
WAC +49.47%
ARLP +34.32%
CZZ +24.83%
We have many more that we have caught this past week and many more that are still being reeled in.
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
Last Updated: October 20, 2016
Although we’ve discussed Dragonfly and Gravestone doji in the past, we never got around to explaining the simplest of all candlestick patterns: the basic doji, sometimes referred to as a “Doji Star.” Resembling a plus sign or a cross, the doji candlestick pattern is formed of just one candlestick, and it is incredibly common. Although there are several different types of doji (such as the Gravestone, the Dragonfly, and the Long-Legged), which we will describe briefly, today we’re focusing on the classic, original doji. To learn how to identify this informative candlestick pattern and interpret its presence, simply scroll down.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
OCN Long |3-day Morning Star| Bullish W Pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — The T-Line™ has pushed through the 34-ema on the 2-hour chart with price pushed tight against resistance (it’s a waiting game). The 4-hour and the daily charts are still in control of the sellers. $214.50 remains the first of several hurdles for the buyers to overcome. For the Russell 2000 Index ETF IWM, the price needs to be over $122.95 before it gets bullish marks.
WOW! Did you see our FSLR yesterday? We went to the bank on 1/2 the trade as many of the HRC subscribers did. CONN was another big winner. HRC subscribers took advantage of, both FSLR and CONN with more gains to come if managed correctly.
CONN ran, 14.37% yesterday
WIX closed higher, up another 4.98% for a total 28.89%
ARLP up another, .85% for a total of 33.20%
Click Here to be on the Double-Digit winning team
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
