Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
UGAZ Long | Support, Breaking a downtrend line, Bullish T-Line™, C & H
Double click the trade plan to enlarge
Good Morning, Profit Traders,
$212.30 remains support and $215.55 remains resistance on the SPY chart. The T-Line™ should be considered now that it has caught up to price. This week the big bad FOMC meets and will let us know of a rate hike or not, which I suspect will move the market.
Last week we were able to find great trades in both long charts as well as inverse ETFs in lieu of short trades. I expect nothing different this week.
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
UGAZ Long | Support, Breaking a downtrend line, Bullish T-Line™, C & H
Double click the trade plan to enlarge
Good Morning, Profit Traders,
$212.30 remains support and $215.55 remains resistance on the SPY chart. The T-Line™ should be considered now that it has caught up to price. This week the big bad FOMC meets and will let us know of a rate hike or not, which I suspect will move the market.
Last week we were able to find great trades in both long charts as well as inverse ETFs in lieu of short trades. I expect nothing different this week.
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
DEPO
CFMS
JDST
OCN
CARA
CVI
PTCT
UGAZ
FAZ
TZA
PMTS
FIT
PRGO
UVXY
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 everyone and Happy Monday! The market is surprisingly happy this morning considering the terrorist activity in New Jersey this weekend. Normally that would dampen market enthusiasm but this morning it seems to have no effect.
Tuesday begins the 2-day FOMC meeting with the announcement on Wednesday at 2 PM eastern time. However, the Fed may be overshadowed by the BOJ which is largely expected to make a significant early Wednesday morning. Many are speculating that the BOJ will further cut interest rates deeper into the negative zone.
With all that going on we wise to expect just about anything on Wednesday. Until then don’t be at all surprised to see light volume choppy price action rule shortly after the morning rush.
Let’s have a great week!
Trade Wisely,
Doug
Click to watch the morning video.
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CLMT Long | RBB, Bull Engulf, J-Hook Continuation Pattern
Double click the trade plan to enlarge
Good Morning, Profit Traders,
$215.55 and now the T-Line™ have joined the resistance team. As far as price action and a bullish candle pattern go, yesterday was a strong day for the bulls, just not strong enough to close over what they needed which was to close over the $215.55 resistance line. My stand this week has been under $215.55, sellers have control; over that, the buyers have taken a baby step toward bullishness.
Quad Witching Today, Here’s something on triple witching? It is a phenomenon that occurs on the third Friday of four months: March, June, September, and December. The day is known as…triple witching
Recently I have been asked about the Bullish Kicker Candle Pattern…Read More
Above is a Snapshot of my current positions and the past 30 days of business
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
CLMT Long | RBB, Bull Engulf, J-Hook Continuation Pattern
Double click the trade plan to enlarge
Good Morning, Profit Traders,
$215.55 and now the T-Line™ have joined the resistance team. As far as price action and a bullish candle pattern go, yesterday was a strong day for the bulls, just not strong enough to close over what they needed which was to close over the $215.55 resistance line. My stand this week has been under $215.55, sellers have control; over that, the buyers have taken a baby step toward bullishness.
Quad Witching Today, Here’s something on triple witching? It is a phenomenon that occurs on the third Friday of four months: March, June, September, and December. The day is known as…triple witching
Recently I have been asked about the Bullish Kicker Candle Pattern…Read More
Above is a Snapshot of my current positions and the past 30 days of business
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
FIT
LC
CMRX
CONN
CLMT
AEGR
PMTS
EFII
CARA
XLK
PRGO
ERY
TZA
UVXY
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
Folks there are some days it’s best to just go fishing.
I feel that trading today or maybe the next few days would a tug a war between equal powers and nothing really happens, the fruit will be ripe for the picking very soon.
Good Morning, Profit Traders,
For now, the SPY is happy with $212.31 acting as support, but we have yet to see bullish follow-through to suggest the bulls are taking the game back. The T-Line™ is below the 34-ema, and price remains under the T-Line™. This is a smack in the face that the sellers still overwhelm the buyers. $215.55 is still the first upper resistance line the bulls need to attack and win. A close below $212.55, the battleground becomes the $210.25 area. Price is below all of our intraday deuce trios except for the 4-hour chart which is right in the trio middle.
Something to Think About – A cluster of narrow range candles often leads to big profits.
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
Folks there are some days it’s best to just go fishing.
I feel that trading today or maybe the next few days would a tug a war between equal powers and nothing really happens, the fruit will be ripe for the picking very soon.
Good Morning, Profit Traders,
For now, the SPY is happy with $212.31 acting as support, but we have yet to see bullish follow-through to suggest the bulls are taking the game back. The T-Line™ is below the 34-ema, and price remains under the T-Line™. This is a smack in the face that the sellers still overwhelm the buyers. $215.55 is still the first upper resistance line the bulls need to attack and win. A close below $212.55, the battleground becomes the $210.25 area. Price is below all of our intraday deuce trios except for the 4-hour chart which is right in the trio middle.
Something to Think About – A cluster of narrow range candles often leads to big profits.
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
*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
LC Long | RBB, Bull “W”, Bull Engulf, Weekly Rising Method
Double click the trade plan to enlarge
Good Morning, Profit Traders,
It looks as if the futures are suggesting an open above $212.31 (current support line) and below $215.55 (current resistance line). From the recent top and the June 27 low, the SPY is between the 23.6% and the 38.2% fib lines. From the February low, we are not even to the 23.6% Fib line. The T-Line™ has crossed below the 34-ema (bearish) and the visible candle patterns are all bearish.
How does all this fit in your trading plan?
Something to Think About – Support and Resistance are useless unless price approves it.
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
LC Long | RBB, Bull “W”, Bull Engulf, Weekly Rising Method
Double click the trade plan to enlarge
Good Morning, Profit Traders,
It looks as if the futures are suggesting an open above $212.31 (current support line) and below $215.55 (current resistance line). From the recent top and the June 27 low, the SPY is between the 23.6% and the 38.2% fib lines. From the February low, we are not even to the 23.6% Fib line. The T-Line™ has crossed below the 34-ema (bearish) and the visible candle patterns are all bearish.
How does all this fit in your trading plan?
Something to Think About – Support and Resistance are useless unless price approves it.
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
CRMD
CVI
LC
SALT
ALJ
CARA
PRGO
CLMT
BCEI
UVXY
BZQ
ERY
EDZ
TZA
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
Z Short| Doji continuation pattern
Double click the trade plan to enlarge
Good Morning, Profit Traders,
BULLISH PIERCING CANDLE…Yeah, let’s get BULLISH! ……Hold on, Hold on, Hold on.
Yes, yesterday painted a bullish piercing candle on top of Friday’s gap down, Island reversal, monster decisive bearish candle. Candlesticks require confirmation! Also, the bearishness has come from planning and building — two Evening Stars, a double top, and the Island Reversal. One candlestick candle is not a game changer. Step back and take a look at the chart, (not the hard right edge candle). What does it look like to you?
Yesterday’s members’ closing market comments.
The SPY would have to be over $215.55 and stay over $215.55 to have a bullish chance. Below $215.55 keeps the bear in a powerful position.
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
Reserved for 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
