Rick’s Featured Trade Ideas
LKND/Long (Internet Content) Rising T-Line™ | Bullish Flag | RBB Pattern | DBL Bottom | Scoop Pattern
LKND| Plan your trade & trade your plan | April 22, 2016
Possible entry plan idea: Buy box $118.00- $122.00
Possible stop plan idea: Protective stop below $118.02
Swing trade #1 playground: $118.00 – $143.90
Playground risk reward: 13:1 + depending on | entry | exit | stop
SPY: Short Term Signaling a Warning
7:00 am: Yesterday closed with a BEARISH EVENING STAR which suggests a lower open today (this was discussed in the trading room before the bell yesterday afternoon). In yesterday’s morning blog post, we mentioned that a close below $208.99 would be Warning #1. Yesterday the SPY closed at $208.97– Warning #1. We also wrote if a close below $207.00 followed, that would be Warning #2.
With poor earnings from a few big names yesterday, we are likely to see and feel a little disturbance in the force this morning, and it may or may not carry over to the close.
The BEARISH EVENING STAR signal from yesterday is another warning sign. Overall, the trend is still bullish and the support area still looks good; it’s the short term that’s iffy. If the bulls take another run at the highs, we will know by the clues from price action – Candlesticks.
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Rick’s Featured Trade Ideas
LPLA/Long (Financial) Rising T-Line™ | Bullish Flag | 3-day Morning Star
LPLA| Plan your trade & trade your plan | April 21, 2016
Possible entry plan idea: Buy box $25.42- $26.88
Possible stop idea: Protective stop below $25.42
Swing trade playground: $25.50 – $36.70
Playground risk reward: 13:1 + depending on | entry | exit | stop
SPY: Price vs T-Line™ Bulls in charge
7:00 am: Yesterday the SPY managed to eek out a gain of .10% closing with its second Doji. With two days of doji indecision, it would appear the market is having a tough time figuring out the best direction for price. The chart continues to suggest bullishness with price leading the T-Line™ and the T-Line™ is still leading up. BUT be warned a close below $208.99 would be a warning, and a close below $207.00 would be a stronger warning.
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Rick’s Featured Trade Ideas
TOO/Long (Shipping) Rising T-Line™ | Bullish Engulf | PBO | Flag breakout | J-Hook continuation pattern
TOO| Plan your trade & trade your plan | April 20, 2016
Possible entry plan idea: Buy box $6.30- $7.05
Possible stop plan idea: Protective stop below $6.30
Swing trade playground: $5.73 – $11.00
Playground risk reward: 11:1 + depending on | entry | exit | stop
SPY: Price vs T-Line™ Bulls in charge
7:00 am: The bullish trend continued yesterday with the SPY closing up .32% with a doji candlestick. The T-Line™ continues to rise as well as all three of the main moving averages we use, that we call the big three. There’s no question the market has had a big run and is probably in need of a little profit taking. There’s also no question that we are high and tight up against resistance. Remember that it’s price that decides whether we go up or down, and right now price is feeling like it wants to Continue Reading
Rick’s Featured Trade Ideas
CMRX/Long (Healthcare) Rising T-Line™ | RBB Pattern | Flag breakout
CMRX| Plan your trade & trade your plan | April 19, 2016
Possible entry plan idea: Buy box $5.68- $6.40
Possible stop plan idea: Protective stop below $5.68
Swing trade playground: $7.60 – $9.55 – $13.65
Risk Reward 10:1 + depending on | entry | exit | stop
SPY: Price vs T-Line™ Bulls in charge
7:00 am: Yesterday was another strong day for the Bulls with price pulling back to support and the T-Line™, closing above previous price action following through with a Bullish Engulf enhancing the J-Hook continuation pattern. Price closed yesterday on the SPY at $210.09 and I suspect the Bulls will try to reach for the $210.00 area. Bullish success at $210.00 might create enough energy to reach new highs, but, of course, we should always follow the chart and take our hints and clues from the Continue Reading
