Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ESND Long | Inverted Head & Shoulder | RBB | Continuation pattern
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This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: Is the market tired and in need of a rest? IWM ended the day with an Evening Star Signal which suggests well-deserved profits are being peeled off.
Yesterday early on I mentioned to the trading room I would be keeping my eye on the hourly chart and you can see the channel tightening at the top and the sellers attack the lower support line with success.
The daily Evening Star Signal on the IWM chart suggest a lower low today, in the very near future, we could see a test of $130.90.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
SQ Long | 3-day Cup & Handle | Ascending Triangle | PBO-Bullish Engulf
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: (SPY) Price continues to trade and close above the High T-Line™ Band. Until the High band is violated we will keep riding the bull.
No trader is denying the bulls are in total control and no trader is denying the market is very overbought. Being overbought is not a reason to close longs and run to shorts but it is a condition that we should be aware of.
I see support on the SPY daily chart near $218.85 and that is very near the 23.6 Fib retracement. On the 1 hour chart, I see support near $220.50
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Rick’s Featured Trade Ideas
Members Trade Ideas below (click read more) no featured trade idea today.
Good Morning, Profit Traders,
From a bull’s eye: A bullish T-Line™ Run is in progress on the SPY as of the close. Wednesday’s price action and candle formation suggest the buyers outnumber the sellers.
I have SPY support at $219.60. A close below $219.60 could put $217.85 to the test.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
HDSN Long | Trending | Rectangle Breakout | Bullish Engulf
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This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: Yesterday we closed out 1/2 of our OCN for a 25% gain and we’re still holding FRGI, STX with double-digit gains and EXAS short with a double-digit gain.
The SPY and the overall market is still enjoying a bullish rally and yesterday’s close suggest the buyers outnumber the sellers. A close below $219.85 could push a test of $218.50.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
UAN Long | RBB | Inv. H&S | J-Hook 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 SPY is trending and toying with a breakout to new highs; a PBO buy signal around the T-Line™ would be nice.
A PBO near $216.10 (support) would also work for a SPY swing. A T-Line™ Run is in place. The last T-Line™ run lasted 22 days.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ZOES Long | RBB | Bullish Engulf | Doji Continuation pattern
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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 current chart pattern in the SPY suggests more continuation higher with possible light consolidation along the way.
$214.55 is still a major support line that the buyers are defending well. Over $217.10 would set and suggest a path for the SPY to follow DIA’s and IWM to all-time new highs.
Hit and Run Candlesticks is hosting a series of educational trading webinars with five professional traders. We kick off tomorrow night, November 15, with Tina Logan and continue with the last educational webinar on December 19, 2016.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
RT Long | RBB | Bullish Engulf | 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 buyers ran into our $216.10 resistance line and found that area a good place to take a break closing with a doji. Today we will likely see a bullish pullback as long as the pullback stays above the $214.55 support area.
The following ETF’s have broken out probably a little too far to chase; waiting for a pullback would be wise: Financial spider XLF, industrial spider XLI, transportation spider IYT, materials spider XLB. XLE energy spider is setting up for a possible break out in a run, and consumer discretionary XLY closed with a doji continuation pattern yesterday.
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.
The 10% discount ends today. CLICK this LINK to LEARN MORE
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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.
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!
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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.
Learn More: CLICK this LINK to LEARN MORE
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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
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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!
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No trade ideas, I am protesting until the market looks better.
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