Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
MTOR | Breakout
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Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — The SPY closed up 1.62% and IWM closed up 1.35%. The SPY was not able to clear the 50-sma or our $217.42 line, while the IWM chart has been trending and consolidation over the big 3 grouping. $124.25 is the important line for the bulls on the IWM chart.
Individual charts have worked out very well for us despite the market. At the close Friday, $CLVS up 117.82% – $AAOI up 88.86% – $SEMI up 86.11% – $PTCT up 70.65% – $STX up 60.56% – $ERII up 56%. We can show you 119 more members’ trade ideas that are up (GREEN) as of the close Friday.
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Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
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WAC
LPCN
AVGR
SEMG
MTOR
ADMP
EVH
RH
AMBA
TLRD
MS
WPRT
MRTX
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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Good morning everyone and Happy Monday! As you make preparations for the trading day keep in mind that even though Friday was a very nice rally off of the lows, nothing really changed. We are still trapped between 2 levels and the swift reversals we have seen lately could change everything in about half a heartbeat.
We have several data points that could move the market this morning but I think the one that will receive the most attention is the ISM number. Last month ISM was a surprise showing a contraction in manufacturing. Expectations for this month is a reading a 50.3 which is a weak number but that would at least be on the side of expansion. Another reading below 50 will likely bring out the bears so watch the price action at 10AM eastern. In fact would be a very good idea to wait on starting any new positions until we see the reaction to the ISM.
Friday is Big Kahuna with the monthly reading on employment when the Employment situation number is released. We can expect the market to do a lot of choppy waiting around for that number as we approach mid=week.
Also keep in mind we have begun the last quarter of the year. That means earnings will begin soon and the tension over the presidential election will continue to grow. October could prove to be a volatile and challenging month.
Trade Wisely,
Doug
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Good morning everyone. It’s Friday! Yesterday was one of those ugly whipsaw days starting out good and making us think we might actually get 3 days in a row in one direction but that dream was crushed as the market took back all of the last 2 days positive move.
Today we have a lot of potential market moving data so let’s all hope its positive enough to offset the bearishness created with the DB issues in Europe.
Keep an eye out for possible trades today. Have a great weekend.
Trade Wisely,
Doug
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