Morning Video 9-30-16 Posted at 8:17 EDT

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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Public Swing Trade Ideas 9-30-16 Posted time: 8:05am EDT

 

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

rice-9-30-16Good 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

Member Swing Trade Ideas 9-30-16 Posted time: 8:am EDT

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

rice-9-30-16Good 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

Bullish Piercing Pattern

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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Morning Video 9-29-16 Posted at 8:39 EDT

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