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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Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
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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.
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.
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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.
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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
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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- Reevaluate your current positions
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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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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
EVH Short |3-day Evening Star| Dreaded “h” Pattern | Blue Ice
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
IWM under a great deal of pressure – Yesterday, IWM had a failed attempt at closing above the T-Line™ and closing above Tuesday’s close. The trend in the IWM chart is currently controlled by the sellers with short-term relief rallies. Unless there is a dramatic change in the overall market I expect IWM to reach another low target of $117.40ish.
We are currently in a mixed bag of positions, longs and shorts. We still see plenty of long positions and far more short positions.
We will continue to do what we do best as you should as well, stick with what you know (trading strategies) lower position size, take profits sooner, work within trending charts in the direction your trading. And most of all except the fact you don’t have to trade every day, just because someone else is making money doesn’t mean you’re going to make money.
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!
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ESTY Sort |PBO Morning Star| Trending
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Will $211.50 be tested (SPY)? Yesterday we had a doji top failure (Shooting Star) at the top of the downtrend line. I see a little short-term support at the $211.50 level if the sellers keep pushing the buyers back. Both SPY and IWM are setting up for serious Blue Ice Failure if the buyers don’t wake up.
The Nasdaq Composite Index is looking very toppy and forming a sellers dream; below $5180 will be painful.
USO is in a pullback stage, and we are watching the $10.95 area but most of all waiting for a reversal signal to appear, (a test of traders’ patience). UUP found resistance and printed a Bearish Dark Cloud Cover. A pull back to some extent is 100% likely.
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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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Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CGNX Long |PBO Morning Star| Trending
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Here at RWO, HRC, and Trader Vision we work hard to provide the best trading education possible. Without a solid base of trading education, it is nearly impossible to trade profitably.
We share charts that we like and trades we take, without the education many traders lose money on the best trades. Have you ever asked yourself “why others trade money” on that stock but I lost money?
Doji at resistance (SPY) — The dollar (UUP) rises, oil (USO) building support, SPY and IWM trying to push through resistance and the 34-ema. $215.90 and the 50-sma is the next big mountain for the SPY to climb if there is 34-ema success. From early August, the SPY chart has been controlled by the sellers, and the recent bullish activity has not changed very much other than we are seeing a fair amount of bullish charts setting up. The takeaway is the bullish charts while the market is in relief rally mode.
TECH is doing very well and the QQQ’s are rocking (watch AAPL).
YRCW +37.93%
AAOI +83.59%
NVDA +13.86%
WIX +26.94%
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