Rick’s Featured Trade Ideas
SCTY/Long (Utilities) RBB | Bullish Engulf w/follow through | 4-hr Doji continuation
SCTY| Plan your trade & trade your plan | April 6, 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 vs T-Line™ Price < T-Line™ CAUTION TODAY
7:00 am: The SPY has had a nice run currently, up over 12% from the February lows, and the SPY has successfully run through the 50 and 200-SMAs, nearly knocking on the door of the all-time high. Unfortunately, it is my belief that the Bulls are running a little low on energy and are in need of a rest in the coming days. During this rest, the bears will likely push back. Already yesterday, the bears pushed price below the T-Line™ and closed price below the $205.50 support Continue Reading
Rick’s Featured Trade Ideas
NOW/Long (Information Technology) RBB | Double Bottom, Morning star
Learn more in the members area
NOW| Plan your trade & trade your plan | April 5, 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 and T-Line™ Swing Trade Attitude: Price < T-Line™ CAUTION TODAY
7:00 am: Yesterday printed an inside day bearish Harami after a flag Bullish Engulf. This morning it looks like the futures have weakness. This suggests the Bullish Engulf was not strong enough to carry the buyers higher at this time. If the bears continue their strength today, we will see a close below the T-Line™, and that would put Continue Reading
Rick’s Featured Trade Ideas
ALKS/Long (Biotechnology) RBB | Double Bottom | Hammer| Flag | Continuation Pattern |
Learn more in the members area
ALKS| Plan your trade & trade your plan | April 1, 2016
Possible entry plan idea: Buy box $Members only
Possible stop plan idea: Close below $Members only
Risk Reward 7:1 depending on entry/exit/stop
SPY and T-Line Swing Trade Attitude: Price > T-Line™ CAUTION TODAY
7:00 am: Wednesday the SPY closed with a gap-up Doji while the S&P 500 closed with a Bearish Shooting Star. Thursday, we experienced mild weakness still closing above the T-Line. Last night Japan had a very hard day dropping nearly 600 points, and there’s no doubt this is going to bleed over to the US market today. In Wednesday’s note sent to your inbox I wrote: “The key today, or at least over the next few days, is to close over the March highs and stay over the March highs.” In Thursday’s note sent to your inbox I wrote: “The SPY closed higher Continue Reading
