Rick’s Featured Trade Ideas
ETE/Long (Energy) RBB | Dbl Bottom| Morning Star | Continuation pattern
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ETE| Plan your trade & trade your plan | April 11, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $Members Only
Risk Reward 8:1 depending on entry/exit/stop
SPY vs T-Line™ 2-ema > T-Line™ Choppy market
7:00 am: Last week the SPY pretty much crawled along the $204.00 support line, and according to the morning futures today, we are opening above the $204.00 support line. Above $204.65, the Bulls may be trying to put a run together; below $203.95 and the bears may be starting to wake up. The earnings Continue Reading
One . . . Two . . . Three strikes – you’re out! This phrase can strike anger, joy, or even fear into the heart of a baseball player (depending on the situation). Three chances for a hit were squandered, and the opportunity has been lost. In the Bearish Three Line Strike pattern, on the other hand, those three short striking candlesticks are followed by a longer candle with the opposing sentiment. The arrangement of candles doesn’t indicate a “strike out,” as you might expect. Following a downtrend, the trio of descending black candles and the subsequent white candle actually demonstrate that a continuation of the current trend is probable. Continue Reading
Rick’s Featured Trade Ideas
No featured trade idea today | BUT there are 11 members trade ideas
SPY vs T-Line™ Price > T-Line™ Choppy market
7:00 am: Yesterday we mentioned that (IYT) Transportation ETF was vulnerable below $139.73; yesterday IYT dropped another 1.29% closing at $137.14, so the vulnerability continues. $135.91 is the next area that the Bulls have a chance to defend; if the bears stay in control, $133.55 may be tested.
The sellers were able to win yesterday’s game closing below our $204.00 line on the SPY. I see that the futures are up this morning a tad, but Continue Reading
Rick’s Featured Trade Ideas
ADRO/Long (Healthcare) Hammer | Dbl Bottom| RBB | Morning Star category
Learn more in the members area
ADRO| Plan your trade & trade your plan | April 7, 2016
Possible entry plan idea: Buy box $Members only
Possible stop plan idea: Close below $Members only
Risk Reward 7:1 depending on entry/exit/stop
The chart to keep your eye on: Dow Jones transportation average index ETF (IYT). IYT has fallen below $139.73 and is very vulnerable under that level.
SPY vs T-Line™ Price > T-Line™ Choppy market
7:00 am: Yesterday was another day of bullish magic when the buyers were able to open the SPY at $204.47 and close at the $206.42, a 1.9% gain from the previous day.
It looks as if we’re going to open with an inside day just above the support that we’ve seen for the past four days at the $204.00. I think the Continue Reading
Rick’s Featured Trade Ideas
SCTY/Long (Utilities) RBB | Bullish Engulf w/follow through | 4-hr Doji continuation
SCTY| Plan your trade & trade your plan | April 6, 2016
Possible entry plan idea: Buy box $Members only
Possible stop plan idea: Close below $Members Only
Risk Reward 8:1 depending on entry/exit/stop
SPY vs T-Line™ Price < T-Line™ CAUTION TODAY
7:00 am: The SPY has had a nice run currently, up over 12% from the February lows, and the SPY has successfully run through the 50 and 200-SMAs, nearly knocking on the door of the all-time high. Unfortunately, it is my belief that the Bulls are running a little low on energy and are in need of a rest in the coming days. During this rest, the bears will likely push back. Already yesterday, the bears pushed price below the T-Line™ and closed price below the $205.50 support Continue Reading
