Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
Z Short | (BIF) Blue Ice Failure
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
JDST, a classic (RBB) Rounded Bottom Breakout, up 39.70% for our subscribers and popped 9.77% yesterday.
ALJ, up 23.74% for our subscribers and yesterday was a 3.78% day.
It’s earning time again. Check and double check. Do you want to own a stock that has earnings?
If you were at the public webinar last night, you received a special trade ideas list. Make a trading plan, follow your rules, take profits and use a stop. I’ll see you at the bank when we deposit our gains!
T-Line™ below the 34-ema (SPY) The market turned more ugly than it was the day before. The SPY lost 1.26% finding help at the September low. Unless the Fed helps this market today, I doubt the September low is going to help. $210.40 is looking like a stop over based on yesterday’s attitude.
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
SEAS
——–Short
UNH
AMAT
BSX
Z
TRN
PFPT
JEC
CSOD
TSE
ZEN
IPHI
AMBA
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
First I would like to say thank you to everyone for all the kind words, prayers and well wishes that I have received on the passing of my father-in-law. The members of this room are the best and over and over proves itself as more than a trading room but an extending family. My wife Connie and I are very thankful to be a part.
Today we had a couple fed members speaking and at 2 PM eastern we will get the minutes of their last meeting. It’s possible we could see volumes diminish after the morning rush while we wait. Personally, I would be surprised if we find out anything we don’t already know but anything is possible.
Yesterday turned in a bearish evening star pattern right at the 50 SMA on both the DIA and the SPY. Lately, we have seen big moves down rejected by big reversals the following morning. Unfortunately, we are not seeing that this morning as the futures remains flat to slightly bearish. To me, this would suggest more downside moves are likely within the next couple days. The big question if that occurs will be if the price support is strong enough to hold. I think we will soon find out.
With several of the big banks reporting Friday morning, a reversal, if there is one, would logically come at that time. That being said, we also have to acknowledge that logic is not one of the markets strong points.
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
WAC Long | RBB | Bullish J-Hook Continuation Pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — Public e-Learning Webinar tonight October 11, 2016 | 8pm EDT. No password required. Link: http://hitandruncandlesticks.omnovia.com/room2
WAC, a classic (RBB) Rounded Bottom Breakout, up 19.05% for our subscribers and popped 8.70% yesterday.
REI, up 20.37% for our subscribers and yesterday was a 5.53% day.
Join us tonight and learn what works. Public e-Learning Webinar tonight October 11, 2016 | 8pm EDT. No password required. Link: http://hitandruncandlesticks.omnovia.com/room2
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
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
WAC Long | RBB | Bullish J-Hook Continuation Pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — Public e-Learning Webinar tonight October 11, 2016 | 8pm EDT. No password required. Link: http://hitandruncandlesticks.omnovia.com/room2
WAC, a classic (RBB) Rounded Bottom Breakout, up 19.05% for our subscribers and popped 8.70% yesterday.
REI, up 20.37% for our subscribers and yesterday was a 5.53% day.
Join us tonight and learn what works. Public e-Learning Webinar tonight October 11, 2016 | 8pm EDT. No password required. Link: http://hitandruncandlesticks.omnovia.com/room2
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
WAC
CVI
MOH
AAL
BV
XON
ZLTQ
SSTK
AXDX
SEAS
IOC
PGNX
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. Today is the official kick-off to earnings session with AA reporting before the bell today. I urge everyone to take the time to check when a company reports before adding new positions as well as those you are currently holding. The last thing you want is to be reminded of an earnings report with a big gap down in price on stocks you own.
Yesterday the market left us shooting star candle pattern at the 50 SMA on the DIA. Not exactly inspiring confidence…however, it’s all about the follow through. A shooting star pattern on its own means nothing unless there is a follow through with a bearish candle printed today.
Futures were bearish most of the night with Asian markets closing mixed but the Euro markets continue to remain in the green so far this morning. My suggesting is to move slowly this morning, Let,s give the market 20 to 30 minutes to process before adding new positions.
Click Here to Watch the Morning Video
Good morning everyone.
Today is Columbus Day and which means banking, government agencies and most of the big financial centers will be closed today. What does that mean? After the morning pop, I expect the market to get very choppy and volumes to drop off quickly. As of now, the futures seem happy suggesting a gap up of about 60 points. At first glance, that seems exciting but then we remember all that really does is recover the losses from Friday and really doesn’t change anything.
We must see a close above resistance and then it must prove it can hold it as support before there is any reason to get very excited. It would be wise to keep that in mind if or when you are considering new positions. If you think about it a light volume day would be the perfect time to set up a head-fake breakout only have it reversed when everyone comes back to work on Tuesday.
Although I’m very happy to see some bullishness today trusting that it’s real after more than a month of big chopping price action is another story.
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
VOYA Long | Bullish J-Hook | 4-day Morning Star signal
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — Another week has gone by without a meaningful change in the market. The past two weeks, the SPY has traded in the $214.00 to $217.00 range, still with a downward bias. Price has not had the strength to pull the T-Line™ back above the 34-ema nor has price been able to push the price below current support.
Even though the market has been somewhat stuck and boring, the members of HRC and RWO have enjoyed fantastic profits in both long and short trades. Let’s keep doing what works. Charts with good conditions equal a reason to trade. Education builds the confidence to trade true to your plan.
From the HRC trade Idealist
LPCN (Long) moved 19% from our long post
FRAN (Long) moved another 3.19% for a total of +33.79%
CZZ (long) popped another 1.19% for a total of 11.58%
JWN (long) climbed another 1.65% for a total of 33.08%
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
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
VOYA Long | Bullish J-Hook | 4-day Morning Star signal
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — Another week has gone by without a meaningful change in the market. The past two weeks, the SPY has traded in the $214.00 to $217.00 range, still with a downward bias. Price has not had the strength to pull the T-Line™ back above the 34-ema nor has price been able to push the price below current support.
Even though the market has been somewhat stuck and boring, the members of HRC and RWO have enjoyed fantastic profits in both long and short trades. Let’s keep doing what works. Charts with good conditions equal a reason to trade. Education builds the confidence to trade true to your plan.
From the HRC trade Idealist
LPCN (Long) moved 19% from our long post
FRAN (Long) moved another 3.19% for a total of +33.79%
CZZ (long) popped another 1.19% for a total of 11.58%
JWN (long) climbed another 1.65% for a total of 33.08%
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
TRXC
NLNK
AVXS
INCY
FRAN
HCLP
SGMS
ETSY
EVH
PVH
VOYA
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
As I mentioned yesterday I think we should close the position on LMT now or at least before the close of the day. I closed my trade shortly after the open for better than a 70% winner. It’s rare to have a credit spread trade show this much profit in just a week so there is no need to endure the risk of a bounce when we can bank such a nice win on a Friday!
Doug
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