Rick’s Featured Trade Ideas
ATI/Long (Metal Fab) RBB, Higher highs and higher lows, bullish morning star, 38% from pivot low to target area.
Hit & Run Members and Trading room:
TCK 10% | DDD 13.4% | ATI 15.18%
The place serious traders hang out.
ATI Plan your trade & trade your plan February 23, 2016
Possible entry plan idea: Buy box $11.20- $12.83
Possible stop plan idea: Stop below $11.20
Risk Reward 4:1 depending on entry/exit/stop
SPY Attitude: (2-T-Line™ up/T-Line™-34 down) Over the past seven trading days, the Bulls have been able to put in a rally, a 2-bar PBO that held above the T-Line™ followed by a positive gap that closed in favor of the Bulls. Yesterday’s close of $194.78 closed above the February 1 high and close. The Bulls have done just what we’ve asked, which is to close over the bullish “W” Pattern center point. There are two slight bearish points I would like to point out: We closed underneath the 50-day simple moving average which sets us up for the possibility of a blue ice failure. And price over the past seven days has
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Rick’s Featured Trade Ideas
MENT/Long (Technology) With a double bottom, bullish “w” pattern, RBB and a breakout of the Recent T-Line™ swing high, MENT may be setting itself up for a run to $20.80ish and then 23.40ish.
Hit & Run Members and Trading room:
GLUU 35% | ROVI now 104% | FOSL 28%
The place serious traders hang out.
MENT Plan your trade & trade your plan February 22, 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 Attitude: (2-T-Line™ up/T-Line™-34 down) It looks as if the Bulls will take price above $194.58, and that will be a major victory. Of course, by the end of the day, price still needs to close above the victory line. The current chart pattern, is a double bottom and the high probability of a bullish “W” breakout today. The Doji star gap up of six days ago has led to a T-Line™ run and a little 2-bar flag on the daily chart. Price has closed over our two major deuces on
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Rick’s Featured Trade Ideas
AMZN/short (Specialty Retail) We shorted AMZN yesterday. AMZN printed a Bearish Engulf yesterday at the 200-sma suggesting a Red Ice Failure. Notice the recent Blue Ice Failure and lower lows and lower highs.
Hit & Run Members and Trading room:
Mike sold GLUU for $26.8%, Mura out UCO +21.42%
Bonnie rocking out of BEAT +.71
Gene out OI 11%
Great trading!
AMZN Plan your trade & trade your plan February 19, 2016
Possible entry plan idea: Sell Box $Members Only
Possible stop plan idea: Cover above $Members Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: (2-T-Line™ up/T-Line™ 34 down)
It doesn’t look like the bulls are able to control $194.63 just yet. When you think about the run we’ve had this past week, a little pullback or profit taking should not be a surprise. Let’s keep our eyes on how price acts at the T-Line™ in the next day or two. If the Bulls can defend the $189.50 area, it would suggest
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