Rick’s Featured Trade Ideas

ADRO/Long (Healthcare) Hammer | Dbl Bottom|  RBB  | Morning Star category
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ADRO| Plan your trade & trade your plan | April 7, 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

The chart to keep your eye on:  Dow Jones transportation average index ETF (IYT).  IYT has fallen below $139.73 and is very vulnerable under that level.

SPY vs T-Line™  Price > T-Line™ Choppy market
7:00 am:  Yesterday was another day of bullish magic when the buyers were able to open the SPY at $204.47  and close at the $206.42, a 1.9% gain from the previous day.
It looks as if we’re going to open with an inside day just above the support that we’ve seen for the past four days at the $204.00. I think the Continue Reading

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