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.
Good 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!
Continue Reading
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.
Good 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
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
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.
Good 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
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.
Good 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
Let’s capture a profit, take a small loss to avoid dividend risk and time decay and adjust a stop on trade that is currently looking good.
View BAX Trade Sheet Update Close the trade to capture a nearly 100% gain.
View JPM Trade Sheet Update Close the trade to avoid dividend payment and earnings. A loss of about -13.7% due to time decay.
View EA Trade Sheet Update A stop loss has been added to the position.
Good morning everyone. The overall market continues to tighten its price range and seems to be locked into a choppy go nowhere pattern. We don’t have any economic news to speak of today that could provide a spark of directional energy but we do have 2 Fed speakers wasting oxygen.
We are beginning to see a barrage of talking heads predicting the market has nothing up upside with an equal number of those saying we are close to a cliff. The fact of the matter is these talking heads are on their knees pleading a case to please put your money in the market because they are bleeding to death this year. A report last night showed that only 16% of money makers are beating the market so far this year. Outflows from mutual funds continue to grow and even hedge funds are parking money in ETF’s just hoping to at least match the market.
Trust me on this the market will eventually pick a direction and it will have nothing to do with any of these talking heads and their predictions. Just follow the charts, my friends.
As this range continues to tighten the danger of a big move grows. The very best position today is to keep your hands in your pockets and away from your keyboard. Wait, watch and be ready when a direction shows itself.
Trade Wisely,
Doug
Click Here to View the Morning Video
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
PETX | Breakout
Double click the trade plan to enlarge
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — The SPY closed down 0.24% and IWM closed down 0.31%.
While the T-Line™ stays below the 34-ema on the SPY I will stay bearish on the SPY and while the T-Line™ stays above the 34-ema on the IWM I will stay bullish. Neither chart looks as if It’s very healthy. If you are a cloud follower then you might want to know the SPY is in the cloud and IWM is still above.
Yesterday HRC members enjoyed a
11% move in PTEX 35% total
6.39% move in XTLY 22.25 total
5.54% move in 234% total
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
