Rick’s Featured Trade Ideas
AMZN/ Plan your trade & trade your plan January 7, 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
100 Long shares of FSLR would have netted you $1920.00
Member’s trade idea October 27, (MEET) Long 60%
Member’s trade idea January 4, (TSLA) Short $2097.00
Member’s trade idea December 21, (MANH) short $750.00
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More
Hit&Run Candlestick members learn to manage their charts, and by managing their charts profits are more profitable. With our Starbucks (SBUX) short, we’re enjoying a great cup of coffee. (SKX) Sketchers USA is trying to draw an “h” pattern which equals short profits. SKX was yesterdays featured trade idea. (F) Ford Is another one we spoke of in early December that would likely be a short winner.
I hear from hundreds of people and how they’re looking for long setups with the market becoming a bit oversold. Please be careful and let the chart guide your way. We have seen time and time again that buying off the bottom or trying to pick the bottoms is not the answer.
SPY: Yesterday I wrote that China has created pressure on the market causing the buyers to be concerned and the sellers to take advantage, and that continues to hold true today. The morning futures are once again under pressure, and today we should see the $195 area tagged on the SPY that I have spoken of several times the
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Rick’s Featured Trade Ideas
SKX/Short (Footwear and Accessories) On all charts, SKX is tripping over its shoelaces. The three-day chart caught my eye with a very clear bearish “h” pattern in the process and about a 25% profit target — my kind of trade.
I will be discussing this trade and many others in the trading room today at 9:10 AM Eastern.
SKX/ Trade Planning = Profits Jan 6
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 8:1 depending on entry/exit/stop
100 Long shares of FSLR would have netted you $1920.00
Member’s trade idea November 16, (FSLR) Long $1920.00
Member’s trade idea December 7, (SWHC) Long 36%
Member’s trade idea November 18, (INFN) short 17%
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SBUX Short has been a profitable trade with still more profits to come. Yesterday in the trading room, Smith & Wesson (SWHC) was a big winner!, SkyWest Inc. (SKYW) has had a first-class ticket for the H&R Members that took advantage of the short flight. Avid Technology (AVID) paid off well yesterday with a gap, and as we always say in the trading room, “gaps are gifts.” To the short side, several members are happy with Hawaiian Holdings (HA) and Fossil Ink (FOSL).
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Rick’s Featured Trade Ideas
MCO/Short (Business services) MCO is suggesting more downside with price failing the 50- and 200-day simple moving average.
MCO/ Trade Planning = Profits Jan 5
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
100 Long shares of SWHC would have netted you $429.00
Member’s trade idea January 4, (HA) Short 7%
Member’s trade idea December 7, (SWHC Long 22%
Member’s trade idea December 21, (SKYW) short 8%
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More
SBUX Short has been a profitable trade with still more profits to come. Yesterday in the trading room several traders went long on Smith & Wesson (SWHC), Avid Technology (AVID) and SunEdison (SUNE). To the short side, several members stepped into Hawaiian Holdings (HA), Comfort Systems USA (FIX) and Fossil Ink (FOSL)
SPY: Yesterday, the first day of trading for the new year was not very encouraging if you focus on the market and you are bullish. The bearish gap yesterday dropped the SPY right back to its lower downtrending trend line. However, the Bulls came back and printed a book-perfect hammer by the end of the day. Unfortunately, the hammer and the lower trend line might be good for a relief rally but not much more than that unless the Bulls truly take control. While the market is controlled by the bears and many charts as well, there are plenty of long charts to be traded. With proper management, “plan for your trade, and, of course, trade your plan.” We can all make money with long and short trades.
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