Rick’s Featured Trade Ideas
We do have a member’s trade idea list for today and for the working days of this week; however, we will not be offering a featured trade idea until Monday, December 28.
Members e-learning Tuesday night 8:00 PM Eastern
100 Short shares of LGIH would have netted you $708.00
Member’s trade idea November 20, (PACB) Long working $220.00
Member’s trade idea November 9, (PRTA) Long working $200.00
Member’s trade idea December 4, (LGIH) Short working $708.00
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More
SPY: I see that the morning futures are up a little, but I do not think that it’s going to help the monster bearish engulf on the 2-day chart of the SPY or the bearish evening star that the monthly chart is trying to create. Last week, the Bears won the game bringing price back down to the December low, and there is now a bearish “h” pattern trying to pull the bearish “M” pattern down further.
Continue Reading
Rick’s Featured Trade Ideas
TZA/Long (Small-cap bear inverse ETF) TZA – After a bullish T-Line run, TZA broke out of a bullish “W” pattern, and after seeing a little profit taking this week, price pulled back below the T-Line into the 50-day simple moving average. Yesterday the buyers came in with a Bullish Engulf bouncing off the 50-day simple moving average and closing above the T-Line. Side note: I bought TZA yesterday at $45.20 and announced to all the members In the Trading Room.
TZA/ Profits through education Dec 18
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $
Risk Reward 7:1 depending on entry/exit/stop
100 Short shares of LGIH would have netted you $592.00
Member’s trade idea December 4, (LGIH) Short working $592.00
Member’s trade idea December 9, (PNR) Short working $304.00
Member’s trade idea November 18, (LVS) Short working $453.00
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More
SPY: The SPY ran into trouble yesterday at $204.48 closing down 1.52% creating a bearish engulf that completely negated Wednesday’s bullish Fed candle, closing below the T-Line™. Also closing back below the 50% mark of the high and low on the bearish “M” pattern suggests that the bears were not finished, and has the sellers pushing price back below the 34 EMA and the 200 SMA. Unless there’s a bullish change today, the sellers will push the T-Line back below the 34 EMA. This will cause me to be extremely bearish.
Continue Reading
Rick’s Featured Trade Ideas
FB/Long (Internet content) After consolidating for about a month, Facebook printed a Bullish Engulf on the 50-day simple moving average followed by a Doji continuation pattern that showed follow-through yesterday closing over the 20- day simple moving average and our downtrend line. Watch for a close over the T-Line™.
FB/ Profits through education Dec 17
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $
Risk Reward 15:1 depending on entry/exit/stop
100 long shares of FSLR would have netted you $1279.00
Member’s trade idea December 3, (ENPH) Long working 110%
Member’s trade idea November 16, (FSLR) Long working $1279
Member’s trade idea October 23, (FPRX) Long working $1379
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More
Continue Reading
Rick’s Featured Trade Ideas
EROS/Long (Media) EROS is producing a Hit-And-Run Candlestick Pinball setup, a left-sided scoop that’s beginning to look like a right-sided scoop as well. Prices closed over the T-Line™ and the 20-day simple moving average.
EROS/ Profits through education Dec 16
Possible entry plan idea: Buy box $Member Only
Possible stop plan idea: Close below $
Risk Reward 4:1 depending on entry/exit/stop
100 long shares of NTES would have netted you $2145.00
Member’s trade idea November 20, (NTES) Long working $2145
Member’s trade idea December 15, RTK Long working 14.52%
Member’s trade idea November 3, (CASY) Long working $1758
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More
SPY: Today’s the big Fed day!
The SPY gapped yesterday and managed to crawl to the 50-day simple moving average only to slip backwards closing underneath the T-Line™. Overall, yesterday was a go nowhere day. Visually, you can still see the bearish “M” pattern, but we all know that today could be a game changer and the market could run up or down.
- My plan for the last couple of weeks has been to slowly move into cash, and I’m nearly there.
- Today I will not buy the first two knee-jerk reactions.
- I will stay focused on trends, support/resistance, candle and chart patterns.
Continue Reading
