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
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Rick’s Featured Trade Ideas
Member E-Learning tonight Tuesday January 26, 7PM Central / 8PM Eastern
Topic: using the 200 period moving averages in the faster time frames.
CRAY/ Long (Computer Systems) CRAY has broken out above the recent December highs on the daily chart with a $41.70 target on the weekly chart.
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.
CRAY/ 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 10:1 depending on entry/exit/stop
SPY: The sellers were able to close price back below the T-Line™ which is now an area of construction as long as the January 20 low holds. On one hand, we should be extremely cautious that price is back below the T-Line™, but on the other hand I think we should be putting together a list of stocks that are starting to look like our favorite trade setups.
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Rick’s Featured Trade Ideas
CBK/ Long (I Apparel) CBK, In the daily chart has formed a beautiful rounded bottom breakout in a nice double bottom off the 50 day simple moving average. The weekly chart has formed one of our pinball setups.
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.
CBK/ Plan your trade & trade your plan January 25, 2016
Possible entry plan idea: Buy box $Members Login required
Possible stop plan idea: Stop below $Members Login required
Risk Reward 10:1 depending on entry/exit/stop
SPY: On the 14th day the Bulls were able to close price above the T-Line™ which puts price on the bullish side of the T-Line™ opposed to the past 13 days where price has closed below the T-Line. If the Bulls are able to construct a bottom I would look for a target or targets
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As any trader knows, the market can change at a moment’s notice—or without any notice at all! Just when a downtrend becomes familiar, for example, the bulls might take the reins and thrust the price upward again. To predict these occurrences, you can keep an eye out for Japanese candlestick bullish reversal patterns. Some are complex, while others are exceedingly simple. Some are reliable, while others are capricious and might slip through your fingers. To get a firm handle on the market, review the Japanese candlestick bullish reversal patterns below and add them to your repertoire.
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