Rick’s Featured Trade Ideas
NOW/Long (Information Technology) RBB | Double Bottom, Morning star
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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 |
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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
Rick’s Featured Trade Ideas
CPST/Long (Industrials) Cradle Pattern | Morning Star 3-D Chart | Pinball setup
CPST| Plan your trade & trade your plan | March 31, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $Members Only
Risk Reward 10:1 depending on entry/exit/stop
SPY and T-Line Swing Trade Attitude: Daily Chart Price & T-Line™ Bullish
7:00 am: The SPY closed higher yesterday, just as we expected, based on the previous price action which can be seen through the candlesticks and candlestick pattern. Investors did leave us yesterday with a gap-up Doji deep into resistance territory. This is a sign of caution as we may see a slight pullback/profit taking. Continue Reading
