Rick’s Featured Trade Ideas
OUTR/Long (Retail) Minor target 12% | RBB| Inv. Hd & Shold. | PBO above 35.15
OUTR| Plan your trade & trade your plan | March 28, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $Members Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: 4-hr Price > T-Line™ |
7:00 am: Thursday the SPY gapped down tagging the 200-period moving average and then closing up to the T-Line™. Thursday’s candle could possibly be the PBO candle that the PBO traders are looking for. It will be important for the Bulls to take a stand today, and at the very least, they need to hold $201.05
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Rick’s Featured Trade Ideas
Good Morning Profit Traders, No featured trade idea today. Today is a day we should really consider what we own and should we own it, of course if your stops are in there should not be a BIG problem. With a 3 day weekend and all the crazy in the world right now easing up on position size and fewer positions might be the way to go.
Cheers,
Rick
SPY Attitude: Daily Price < T-Line™ | 30-min Price < T-Line™
7:00 am: For the last few days, I have been warning that the market is getting stretched and needs a rest. It is very important for swing traders to be pros when it comes to timing the market; even if the market contracts a small percent, it could have a dramatic change on the positions you may be in. Yesterday I wrote: “If Continue Reading
Rick’s Featured Trade Ideas
CLDX/Long (Biotechnology) Minor target 4.30 | 2-Day Bullish Engulf| Pinball set up | 2hr-RBB
Hit & Run Members and Trading room:
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WYNN 62%
The place serious traders hang out.
CLDX| Plan your trade & trade your plan | March 23, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $Members Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: Daily Price > T-Line™ | 30-min Price < T-Line™
7:00 am: I do see signs of a tiring trend and a trend that needs a little profit taking pull back to help reset support, but as of yesterday, the buyers have not given the sellers one inch. The past three days, the Bulls have held their position while consolidating still above the T-Line™ indicating that the Bulls outnumber the bears.
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