Rick’s Featured Trade Ideas

FIT/Long (Technology) Rising trend | RBB Pattern | Flag breakout

FIT| Plan your trade & trade your plan | April 18, 2016
Possible entry plan idea:   Buy box $16.09- $17.62
Possible stop plan idea:   Protective stop below $16.09
Looking for:  $19.80 – $24.30
Risk Reward 8:1 depending on | entry | exit | stop

SPY:  2-ema vs T-Line™ Short term bulls in control but weakening
7:00 am:  The children playing with oil didn’t get along and couldn’t agree on the rules this weekend, so back to their own little playgrounds they went.  The price of oil continues to drop which is simply putting some pressure on the market this Monday morning.  We might start to see support in USO around the $9.60 down to $9.25.
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Rick’s Featured Trade Ideas

TWTR/Long (Technology) Inverse H&S  | Dbl Bottom | PBO  | Morning Star | Doji Continuation

TWTR| Plan your trade & trade your plan | April 15, 2016
Possible entry plan idea:   Buy box $16.92- $17.73
Possible stop plan idea:   Protective stop below $16.92
Looking for:  $19.20 – $21.90
Risk Reward 4:1 depending on entry/exit/stop

SPY:  2-ema vs T-Line™ Short term bulls in control
7:00 am:  After the SPY found its way higher yesterday, price pulled back just enough to form a Doji at the end of the day.  The morning futures seem a little weak which may end up producing a little bit of profit taking on this Friday.  A couple of support areas I see are $206.97 and $206.00.  Of course, if the bears lose interest and the Bulls take charge, it is possible we end up today with a Doji continuation pattern that could test the $209.90 area next week.   Continue Reading

Rick’s Featured Trade Ideas
GPRO/Long (Technology) RBB  | Wedge breakout | Support  | Morning Star
GPRO| Plan your trade & trade your plan | April 14, 2016
Possible entry plan idea:   Buy box $12.78- $14.05
Possible stop plan idea:   Protective stop below $12.78
Looking for 16.80 – 20.35 after 14.65
Risk Reward 6:1 depending on entry/exit/stop

SPY:  2-ema vs T-Line™ Short term bulls in control
7:00 am:  Over a 1% move yesterday in the SPY closing above the sideways channel that has been created over the last couple weeks.  It looks like the next little hill the Bulls need to climb over is about $208.90 and support looks to be $205.65  –  $206.90.  Something I’ve experienced over the years is when the market gaps and remains bullish as it did yesterday, the following day or days, we may see slight profit taking that can Continue Reading