Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GIMO Long | Bullish Kicker | Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: The bulls have had a hard fight for the past 3 months but it appears they have brought the fight back to the bears.
Looking at the SPY $214.80 offers good support if the bull needs a rest, that number will be adjusted up if the bulls keep the pressure on and close over $217.10.
It’s not hard to find a bullish chart after yesterday and many have pulled too far away from support. We have found a few still near support and we will be watching for bullish pullbacks on a few for a bullish entry.
A quote from Rick Saddler, one of 5 speakers:
– Knowing how to find charts that have double-digit profit potential is a good idea for the serious trader.
– Knowing what offers more profits, “Price Action or Price Patterns” is a way to boost your profits.
If you have not registered for the 2106 Holiday event, I urge you to do so. 5 professional traders will teach what they do best with 6 webinars.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
WB Short | Bearish Engulf | Blue Ice Failure
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bear’s eye: The morning futures after a Trump win has us opening around the 200-sma on the SPY near the lower downtrend line. Continued weakness would take us to about $207.00ish. Breaking down below the lower trend line could also set us up for a test of near the JUNE lows.
From bull’s eye: The morning futures have us around the 200-sma possibly forming a double bottom. A close above $209.70 would suggest a run to about $215.25. Keeping in mind the trend is negative, so a bull trade on the SPY would be a relief rally trade only.
A quote from Ed Carter, one of the speakers:
– I’ll be explaining the six different types of support/resistance and how to find them.
– I’ll explain how to tell a strong S/R level from a weaker one.
– We’ll cover the 3 key rules for using support and resistance in your trading.
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Rick’s Featured Trade Ideas
Trading today is a horrible idea, sit on your hands.
Public webinar tonight 8:00 PM EST
Login Link: http://hitandruncandlesticks.omnovia.com/room2
Good Morning, Profit Traders,
A Trump Trade vs. a Hillary Trade – I get all these emails, and I’m sure you do as well, telling you about a Trump or Hillary trade based on who wins or who loses. Talking about running around hoping to catch a chicken. Folks, just be patient and trade the charts. It’s times like these where far more traders lose their money than make money. There is way too much risk in trying to catch that chicken that has claws and big teeth. But the lure of false promises and hope is sometimes too much, and MOST have never touched much less caught that dang chicken.
Yesterday was a good day for the bulls and they ran till they found resistance. To remain bullish in the short term, I would like to see $212.25 hold and $214.60 would be the next big challenge. If the sellers have their way, we will see a test near the October low.
A quote from Ed Carter, one of the speakers:
– I’ll be explaining the six different types of support/resistance and how to find them.
– I’ll explain how to tell a strong S/R level from a weaker one.
– We’ll cover the 3 key rules for using support and resistance in your trading.
If you have not registered for the 2106 Holiday event, I urge you to do so. Five professional traders will teach what they do best with 6 webinars.
The 10% discount ends today. CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
No trade ideas, I am protesting until the market looks better.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CWEI Long | Bull Kicker | Rectangle Breakout
No Trader Vision chart today.
CWEI Long above 92.55
Stop < 84.00
Target area 141.25
Good Morning, Profit Traders,
SPY headed higher –– It would appear the market has decided or knows the election outcome with the way the futures are up.
There are a few resistant areas that the SPY will need to get through. $212.25 represents a double bottom made in September and October, then about $214.60. I would almost bet this is a relief rally and a proper reversal pattern needs to be created.
Please keep in mind, if today’s move remains bullish as the futures are indicating, it does not mean the larger bear pattern has been corrected.
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No trade ideas, I am protesting until the market looks better.
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Rick’s Featured Trade Ideas
There will be no trade ideas until after the election, I feel it is too risky to be knee deep in the market right now. We believe in trading smart and smart money has backed out of this market. One of the hardest lessons for a trader to learn is you don’t have to be buying new positions every day.
Good Morning, Profit Traders,
SPY headed for the 200-sma on the daily chart – I would expect some consolidation around the 200-sma. The short trade and the inverse ETF’s have done very well, so it might be time to cash in a little.
So this market has acted and done just what we expected; using Candlesticks, Trends, Support and Resistance to navigate through a chart is a beautiful thing. Continue to stay mostly with the short trades (take a few profits). If you have long trades they are ok if they are working, staying with a long trade because of hope is never a good idea.
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Set Goals – Then MEET THEM
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Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
No trade ideas, I am protesting until the market looks better.
Continue Reading
Rick’s Featured Trade Ideas
There will be no trade ideas until after the election, I feel it is too risky to be knee deep in the market right now. We believe in trading smart and smart money has backed out of this market. One of the hardest lessons for a trader to learn is you don’t have to be buying new positions every day.
Only a few more days!
Good Morning, Profit Traders,
SPY headed for the 200-sma on the daily chart – Not too much to say, the SPY is still under pressure and the 200-sma area looks promising before the election. The small caps (IWM) is under the same pressure and the same target area.
Our Inverse ETF trades are working very nice, let’s think about closing some of the position (s) out, you know the success rule sell into strength.
If you have not registered for the 2106 Holiday event I urge you to do so. 5 professional traders will teach what they do best. The 10% discount is still infected for the next 3 days. I GARRANTEE you WILL NOT BE SORRY! CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
No trade ideas, I am protesting until the market looks better.
Continue Reading
Rick’s Featured Trade Ideas
There will be no trade ideas until after the election, I feel it is too risky to be knee deep in the market right now. We believe in trading smart and smart money has backed out of this market. One of the hardest lessons for a trader to learn is you don’t have to be buying new positions every day.
Good Morning, Profit Traders,
SPY headed for the 200-sma on the daily chart – The election has the market selling off because of the unknown outcome or maybe the market knows? Either way just follow the charts. It seems very likely the SPY is headed for the 200-sma on the daily chart and 206ish is possible. Also looks like IWM is head for the 200-sma, while the QQQ’s are eyeballing the $113 area.
May of the members are in inverse ETF’s and doing very well right now, the market looks lower so I think I myself will stay with the inverse ETF’s
The VIX is showing signs of moving higher -over $21.60 the VIX could $32.20…Yikes, that’s getting up there.
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Members Daily Trade Ideas. Be aware of sudden market changes!
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No trade ideas, I am protesting until the market looks better.
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Rick’s Featured Trade Ideas
No trade ideas today, take a look at yesterday featured trade ideas.
Good Morning, Profit Traders,
Please, Lord, get this election over with!! This market is making us all go stir crazy! All of the big money is on the sidelines waiting for the shoe to drop so they know what and when to do it. The overall market is in a state of limbo wondering around lost. The bulls are trying to keep what they have, and the sellers are trying to take it. The secret, for the time being, is to be patient and keep your powder good and dry. Chasing stocks around right now is not the smart thing to do. The sellers are still controlling the buyers and the buyers are fighting back just enough to keep trading slowly. The VIX is trying to put a game together, and it nearly has enough players.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
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Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
No trade ideas, I am protesting until the market looks better.
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GRUB Short |Evening Star| Bear Flag |
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Still signs of weakness in the market – Friday was another ho-hum day in the market, and the bulls are just not in the party mood. Going into this week I see no sign of price action that the SPY is ready to change its current direction, which has been down. The overall chart pattern from August still has a Bearish read. Last week ended up with a lower high keeping the downtrend resistance line intact. The trading range in the SPY is $214.60 down to $210.60 and with a possible negative surprise to $209.10. Above $214.60 would turn the market around.
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Gain insight – Daily updates keep you on your toes
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Members Daily Trade Ideas. Be aware of sudden market changes!
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Friday’s at Hit & Run Candlesticks
- Never end the week without profits
- Reevaluate your current positions
- Share your week’s trading with a trading buddy
Good Morning, Profit Traders,
We closed 1/2 of TZA – Yesterday we closed 1/2 of our TZA position for an 11.69% (Double-Digit gain). TZA was already above our first target. IWM is still under the seller’s spell and more downside is likely, remember there are always little relief rallies.
The SPY ended up engulfing Wednesday keeping the T-Line under the 34-ema and sellers in power. One of the SPY targets is the $211.50 area – on target.
OUR EXAS short has hit Double-Digit Status with plenty of room to go.
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Gain insight – Daily updates keep you on your toes
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Members Daily Trade Ideas. Be aware of sudden market changes!
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