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.
Continue Reading
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
Continue Reading
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
Continue Reading