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.
Continue Reading
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
