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.
Continue Reading
Rick’s Featured Trade Ideas
SBUX/Short (Restaurants) From early November, Starbucks has continued to print lower highs and lower lows, and last week Starbucks successfully created a blue-ice failure.
SBUX/ Trade Planning = Profits Jan 4
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 4:1 depending on entry/exit/stop
100 Long shares of CSIQ would have netted you $432.00
Member’s trade idea December 17, (SIEN) Long 16%
Member’s trade idea December 15, (CSIQ Long 17%
Member’s trade idea December 4, (CENTA) short 12%
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More
SPY: The daily weekly and monthly charts are all presenting a bearish attitude. From the November high, the SPY has continued to post lower highs and lower closes, all signs that the sellers are in control. The weekly 23.6 Fibonacci projection puts price at the $198 area with a $195 gap fill target if the buyers can’t put together a complete reversal rally. We held our TZA long and our SBUX short over from last week, a great start to the 2016 year.
Continue Reading
Rick’s Featured Trade Ideas
SEDG/Long (Solar) SEDG has produced a 15-day T-Line™ run then flagged with a nice breakout yesterday. I am looking for an 18% swing trade.
SEDG/ Profits through education Dec 31
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below: Members Only
Risk Reward 5:1 depending on entry/exit/stop
100 Long shares of LITE would have netted you $222.00
Member’s trade idea December 30, (WTW) Long working 9%
Member’s trade idea December 14, (LITE Long working 10.91%
Member’s trade idea December 16, (HPY) Long working $1024
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More
SPY: Although the SPY closed over the T-Line yesterday, price definitely struggled to break out over the bearish downtrend line. As we started 2015 almost one year ago, I’m sure every trader was thinking how price was going to leave 2015, 2015 would give us new highs and the Bulls would control the market. Well, here we are the end of the year, and the Bulls are trying desperately just to close over the 2014 close. What does this tell us? Well, since we are swing traders and trade from overnight to maybe 15 days, it really shouldn’t tell us a whole lot because here at Hit-And-Run Candlesticks, we follow the charts and we don’t predict. We use candlesticks and trend lines, chart patterns and price action. This is why we are so successful. We don’t try to predict what 2016 is going to be; we simply trade the chart. Our job is not to pick the bottom or pick the top; our job is to pull the sweet money out of the middle.
For everyone that traded with us this year, thank you. If you have a friend and would like to give them a gift, reach out and tell them about us.
Continue Reading
