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
Click Here to Watch The Video
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
RICE short | Blue ice failure
Double click the trade plan to enlarge
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — The SPY closed down .90%, tagging the daily 50-sma, dropping back through the 34-ema. The bulls seem to be afraid of the $217.40 area and now they are back below the T-Line™. The SPY chart is not a picture a BULL would be proud of going back to early August.
We still like the $212.40ish area as a price destination and if price approves it a temporary area of support.
Learn more about the Candlesticks Evening Star Pattern – HERE
Trading education builds confidence – Together they build profits!
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
RICE short | Blue ice failure
Double click the trade plan to enlarge
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — The SPY closed down .90%, tagging the daily 50-sma, dropping back through the 34-ema. The bulls seem to be afraid of the $217.40 area and now they are back below the T-Line™. The SPY chart is not a picture a BULL would be proud of going back to early August.
We still like the $212.40ish area as a price destination and if price approves it a temporary area of support.
Learn more about the Candlesticks Evening Star Pattern – HERE
Trading education builds confidence – Together they build profits!
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
———–SHORT
RICE
TRMK
BSX
DXCM
ENV
IART
MEI
CTAS
DKS
PFPT
EXAS
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
Last Updated: September 29, 2016
The word piercing has several varied definitions, but most of them revolve around the same idea: “go into or through something,” “force or cut a way through,” “seeming to cut through one,” “bore a hole or tunnel through,” etc. The Bullish Piercing candlestick pattern is likely named piercing because of the way the white candle’s close cuts through the midpoint of the previous day’s black candle. This two-candle, bullish signal is easy to spot and confirm, so take advantage of it! Scroll down to learn how to identify, interpret, and react to the Bullish Piercing pattern.
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Good morning everyone. The surprise deal announced yesterday from OPEC on cutting oil production really moved the market strongly yesterday afternoon kicking it out of the doldrums if had been for most of the day. I don’t know about you I was really happy just to see the market go in the same direction for 2-day in the row! Do we even dare to hope for a third?
At this moment the futures have moved to slightly bearish ahead a bunch of economic news that does have the ability to really move the market. Let’s all join hands and chant for good reports. LOL
Today this is again 5 Fed members out flapping their lips keeping the market at the edge of its seat.
Trade Wisely,
Doug
Click Here to Watch the Video
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
MB Long | Bullish “W” pattern breakout
Double click the trade plan to enlarge
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — Another up day for the SPY yesterday but still going nowhere. Price remains under the 50-sma, and $217.40 is the next price resistance for the bulls to work through and the bears to defend. I am still not very bullish on the SPY or the DIA’s; IWM and QQQ’s look a little better. I am bullish on a lot of charts. There are some very nice charts out there ready to produce double-digit gains. (That’s what makes trading fun).
We continue to see profits emerge from the HRC and RWO members, and the trade ideas coming from the trading rooms are fantastic!
Trading education builds confidence – Together they build profits!
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
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CWEI was a member trade ideas on June 22, 2016 the stock is now up 211%. Not all of our trade are 200% trades but we do get a lot of double digit winners. Tell me why you are not a subscriber to our membership and I will do what I can to fix that!
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You’re not a member because you don’t have the time? Work at a full-time job? Keep reading our emails, we will have an answer soon.
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
MB Long | Bullish “W” pattern breakout
Double click the trade plan to enlarge
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — Another up day for the SPY yesterday but still going nowhere. Price remains under the 50-sma, and $217.40 is the next price resistance for the bulls to work through and the bears to defend. I am still not very bullish on the SPY or the DIA’s; IWM and QQQ’s look a little better. I am bullish on a lot of charts. There are some very nice charts out there ready to produce double-digit gains. (That’s what makes trading fun).
We continue to see profits emerge from the HRC and RWO members, and the trade ideas coming from the trading rooms are fantastic!
Trading education builds confidence – Together they build profits!
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
TOO
APA
MB
CZZ
GORO
QUOT
RDUS
CMRX
SEM
MRTX
CLDX
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
