Rick’s Featured Trade Ideas
CMRX/ Long (Healthcare biotechnology ) I will be Trading CRMX with the Pinball strategy tool with the close over the T-Line™ yesterday followed by a double bottom.
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.
Sold ZHGN yesterday 65.5% gain and covered WTW 21.13% gain a very nice day for Hit & Run Candlesticks. Read about our Trading Room
CMRX/ Plan your trade & trade your plan January 21, 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: If the spy went looking for the August 2015 low yesterday, it found it. And then proceeded to put together an impressive bounce closing at 185.65. Price and this recent trend is still controlled by the sellers, evidence of this is the inability to breakout over the T-Line™ or breakout over any one of its recent highs.
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Rick’s Featured Trade Ideas
HA/ short (Hawaiian Holdings ) HA is still showing signs of bearishness with a bear flag and a dark cloud cover failing the T-Line™. Kudos to those still in the HA short, and it still looks as if we have 8 to 10% to go.
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.
It’s looking like ZFGN will pay us well today!
HA/ Plan your trade & trade your plan January 20, 2016
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $Members Only
Risk Reward 2:1 depending on entry/exit/stop
In last night’s member e-learning, we talked about intraday charts and how you might use the 60-minute chart to help decide whether the daily chart was ready to be bought long. I pointed out that the 60-min chart was not set up properly, and the SPY was not ready to reverse bullishly.
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Rick’s Featured Trade Ideas
CYBR/ Long (Technology) Cyber gapped up last week from a double bottom with a pair of Doji’s, currently a rounded bottom breakout pattern. Watch for the PBO and the breakout.
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.
CYBR/ Plan your trade & trade your plan January 14, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 5:1 depending on entry/exit/stop
SPY: Listen to and watch the charts for clues, and be careful not to jump in the water without testing for alligators. According to the morning futures, the SPY will be opening up sharper. Because we don’t think picking bottoms or catching falling knives is a good trading idea, we will allow a bottom to form before we become 100% bullish. Going into today, over $192.85 would show signs that the Bulls are
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