Master The Trade
Yesterday we closed WBA with a whopping 4.3% profit, hey it was a profit! Really I didn’t like the risk the Price Action (Candlesticks) that’s been presented in the last three days. I still like the chart and the potential of WBA, so we are keeping it on the watch-list for another day. Our BABA gapped and held yesterday closing up 4.43% on the stock; we are currently up 35.2% on our option trade. We also bought CPB yesterday because of the price action (Candlesticks) tight into the bullish wedge. X is finally starting to show a little life with price action back into the T-Bands, A breakout of $14.60 is needed for this thing to go higher.
👉 Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime. To learn more about us or join in the live trading room consider an HRC membership or trial
👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.
Pre-Market Thoughts
Earnings, earnings, earnings always are checking the dates. Earnings can be stressful to trade through; I guess that’s why I don’t do it very much. Cautious and defensive will help this the stress and risk. So the SPY closed below our wedge show in in the trading room as well as closed below the upper green T-Line Band with a Profit Taking Evening Star candle pattern. Weakness below yesterday’s low will set us up for the $296 area which could lead to the $293 area. The VXX chart closed with a Doji Hammer for the last two days; I think the VIX is getting a bit frustrated and may soon stretch a little. Above the T-Line the VXX chart could get interesting for a relief rally.
😊 Have a great trading day – Rick
🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade: PYPL, TGT, and ZS. Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.
🎯 Friday 6/21/19 (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.
Trade-Ideas
✅ For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for for the QEP → (QEP) Quality Entry Patterns). WHR, ALK, SEE, URI, MMM, PHM LEG, JPM, NVDA, TRV short, TSN short. Check Earnings!
Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.
We use The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍
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