Rick’s Featured Trade Ideas
SXC/Long (COAL) SXC has put together a Candlestick rounded bottom and also has broken into a rounded bottom breakout strategy pattern. With resistance around the $3.80 and support near the $3.00 area, I am wanting SXC to be on my buy candidate watch list, whether it’s today or a few days from now.
The Hit & Run Candlesticks trading room offers education and great trade ideas.
***Another great day in the Trading Room for FB, STRP, SXC, COG***
SXC/ Plan your trade & trade your plan February 1, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 8:1 depending on entry/exit/stop
SPY Attitude: Last week the 60-minute chart triggered bullish while the daily chart was still triggering bearish, and Friday was very powerful and now has a bullish attitude thanks to Japan. Overall, the bears are still in control of the trend from January 1 this year, while price nearly tagged the 50 percent retracement Friday. I still see resistance at $195.15, while support has moved up now to 190.55.
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Rick’s Featured Trade Ideas
GNW/Long (Insurance) GNW is a classic Hit & Run Candlesticks Pinball Setup, I can also see a bullish cradle pattern and a bullish scoop pattern.
Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.
***FB was a great trade yesterday, I will be watching for a trade next week.
GNW/ Plan your trade & trade your plan January 29, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: The daily chart is still under a great deal of bearish influence and has not triggered bullish. The 60-minute chart has triggered bullish.
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Rick’s Featured Trade Ideas
ATVI/ Short (Multimedia) On January 14, ATVI was a short featured trade idea, and it continues to fall short of being bullish with the bear flag and breaking down yesterday. Below $33.50 the 200-simple moving average will start looking green.
Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.
ATVI/ Plan your trade & trade your plan January 28, 2016
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $Members Only
Risk Reward 5:1 depending on entry/exit/stop
SPY: The SPY left us yesterday in a bearish bias. Over $190.50, the attitude would be bullish for a relief rally. At the close yesterday, the Bulls were able to defend $187.50 while price closed below the T-Line leaving the bears with the upper hand. If the Bulls lose the
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RRTS/ Long (Transportation) RRTS may be setting up for a short-term swing trade 15 to 25% with a scoop pattern and a Hit&Run Candlestick Pinball Setup.
Earnings February 3
Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.
RRTS/ Plan your trade & trade your plan January 26, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 4:1 depending on entry/exit/stop
SPY: So far this year, the sellers have been dominant allowing the buyers very few short-term rallies; the best short-term rally we’ve seen has been the past five days, and the buyers still have a very tough uphill road ahead. Yesterday closed above the T-Line, and the morning
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