Rick’s Featured Trade Ideas
GPRO/Long (Technology) RBB  | Wedge breakout | Support  | Morning Star
GPRO| Plan your trade & trade your plan | April 14, 2016
Possible entry plan idea:   Buy box $12.78- $14.05
Possible stop plan idea:   Protective stop below $12.78
Looking for 16.80 – 20.35 after 14.65
Risk Reward 6:1 depending on entry/exit/stop

SPY:  2-ema vs T-Line™ Short term bulls in control
7:00 am:  Over a 1% move yesterday in the SPY closing above the sideways channel that has been created over the last couple weeks.  It looks like the next little hill the Bulls need to climb over is about $208.90 and support looks to be $205.65  –  $206.90.  Something I’ve experienced over the years is when the market gaps and remains bullish as it did yesterday, the following day or days, we may see slight profit taking that can Continue Reading

Rick’s Featured Trade Ideas

CARA/Long (Healthcare) RBB  | T-Line™ Run | Support |  Doji/Bullish Engulf | Morning Star family
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CARA| Plan your trade & trade your plan | April 13, 2016
Possible entry plan idea:   Buy box $Members only
Possible stop plan idea:   Close below $members only
Risk Reward 4:1 depending on entry/exit/stop

SPY:  2-ema vs T-Line™ Short term bulls in control
7:00 am:  The Bulls were able to close back over the T-Line yesterday and above the $204.00 support line.  A look at the morning futures suggests the Bulls will try and could possibly succeed breaking out of the sideways chop that we’ve been in the past couple weeks.  A successful Continue Reading

Rick’s Featured Trade Ideas

BTG/Long (Basic Materials) T-Line™ Run | Dbl Bottom|  Breakout  | J-Hook Continuation pattern
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BTG| Plan your trade & trade your plan | April 12, 2016
Possible entry plan idea:   Buy box $Members only
Possible stop plan idea:   Close below $Members only
Risk Reward 9:1 depending on entry/exit/stop

SPY vs T-Line™  Price < T-Line™ Choppy market
7:00 am:  S-i-d-e  W-a-y-s  M-a-r-k-et… After the April 1 high, the market has slipped into a short-term sideways trance. Last week I spoke of the $204 level being important for the bull to defend and the bears to capture, and it still remains an important hill for both sides. If the bears capture the $204.00 hill, the next battle should take place around $201.75.
Hanging Man, take a look at your 3-day chart and you should see 2 Hanging Men dangling the legs right in front of us. Read more about the Hanging Man.
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