Rick’s Featured Trade Ideas
KPTI/Long (Apparel Stores) Minor target 18% | RBB| Cup & Handle | Bullish W Pattern |
Hit & Run Members and Trading room:
ONTY 18%
CGI 5%
GNW 11%
The place serious traders hang out.
KPTI| Plan your trade & trade your plan | March 22, 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: Price > T-Line™
7:00 am: Our four-day trading week started slow with the overall market staying in a tight trading range. My 30 minute chart on the SPY is flashing signals that it may be tiring, in need of a rest. TSV Time Segment Volume in all my charts, 30-minute through daily, is also suggesting this 25-bar run is Continue Reading
Rick’s Featured Trade Ideas
TLRD/Long (Apparel Stores) TLRD | RBB| Bull Flag | Morning Star | 120% gap fill opportunity
Hit & Run Members and Trading room:
LXU 19%
SWKS 6%
OAS 18%
The place serious traders hang out.
TRLD| Plan your trade & trade your plan | March 18, 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 Attitude: (Price > T-Line™ > 34-ema Bullish Trend)
7:00 am: The bulls continue to beat out the bears by keeping price above the T-Line™ and the T-Line™ is trending upward. Had a trader ask me last week if the SPY is bit a overbought, and I replied, “Yes. it is, but remember, a chart can be overbought for a long time and price can still climb higher.” Until investors decide that price needs to pull back, the trend will continue. There is no doubt that we are overbought and stretched, but we need to Continue Reading
Rick’s Featured Trade Ideas
HNT/Short (Health Care) HNT | BIF| Lower Lows | Failing Top | 30% opportunity
Hit & Run Members and Trading room:
TOO 26%
TGP 12%
SM 16%
The place serious traders hang out.
HNT| Plan your trade & trade your plan | March 17, 2016
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $Members Only
Risk Reward 15:1 depending on entry/exit/stop
SPY Attitude: (Price > T-Line™ > 34-ema Bullish Trend)
7:00am: Based on yesterday afternoon’s bullish move, the market likes it when the FED says that global weakness will hurt the US, and they will go from four rate hikes to two rate hikes. Want to bet we go from two to zero this year meaning the global economy is not so good. Hell, Farmer John could have told them that. The SPY moved higher into more resistance and very overbought. Good consolidation around the 200- Continue Reading
