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
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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