Rick’s Featured Trade Ideas

Good Morning Profit Traders, No featured trade idea today. Today is a day we should really consider what we own and should we own it, of course if your stops are in there should not be a BIG problem. With a 3 day weekend and all the crazy in the world right now easing up on position size and fewer positions might be the way to go.

Cheers,
Rick

SPY Attitude:  Daily Price < T-Line™ | 30-min Price < T-Line™
7:00 am:   For the last few days, I have been warning that the market is getting stretched and needs a rest.  It is very important for swing traders to be pros when it comes to timing the market; even if the market contracts a small percent, it could have a dramatic change on the positions you may be in.   Yesterday I wrote: “If Continue Reading

Rick’s Featured Trade Ideas

CLDX/Long (Biotechnology) Minor target 4.30 | 2-Day Bullish Engulf| Pinball set up | 2hr-RBB

Hit & Run Members and Trading room: 
DDD 64%
ATI 63%
WYNN 62%
The place serious traders hang out.

CLDX| Plan your trade & trade your plan | March 23, 2016
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $Members Only
Risk Reward 6:1 depending on entry/exit/stop

SPY Attitude:  Daily Price > T-Line™ | 30-min Price < T-Line™
7:00 am:   I do see signs of a tiring trend and a trend that needs a little profit taking pull back to help reset support, but as of yesterday, the buyers have not given the sellers one inch.  The past three days, the Bulls have held their position while consolidating still above the T-Line™ indicating that the Bulls outnumber the bears.
Continue Reading

Rick’s Featured Trade Ideas

KPTI/Long (Apparel Stores) Minor target 18% | RBB| Cup & Handle |  Bullish W Pattern |

Hit & Run Members and Trading room: 
ONTY 18%
CGI 5%
GNW 11%
The place serious traders hang out.

KPTI| Plan your trade & trade your plan | March 22, 2016
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $Members Only
Risk Reward 6:1 depending on entry/exit/stop

SPY Attitude:  Price > T-Line™
7:00 am:  Our four-day trading week started slow with the overall market staying in a tight trading range. My 30 minute chart on the SPY is flashing signals that it may be tiring, in need of a rest. TSV Time Segment Volume in all my charts, 30-minute through daily, is also suggesting this 25-bar run is Continue Reading