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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CSTM | Bullish Engulf | Rising Method
Double click the trade plan to enlarge
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator!
For the past 17 daily bars, the bulls have been stuck at the same intersection between the corner of $217.07 and $219.25, and they still don’t know if they want to move a few blocks north or head south for a few blocks. The Shooting Star sell off is still present and still represents a problem, while a Morning Star is in the making on the SPY (2-day chart). Trade the charts you understand, and remember the trend is your friend.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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Members Daily Trade Ideas,
Reserved for HRC Members
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or loses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ULTA | Piercing | Doji Continuation
Double click the trade plan to enlarge
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator!
The close Friday suggested a little weakness in the SPY, but then again, after two Shooting Stars that formed a double top, what should we expect? Near-term support looks to be about $215.35 and resistance about $217.95. A close below $215.35 could send price to about $214.25, which is the 50-sma and the low of August 4, 2016. The buyers need to come out of the woodwork and find the north side of $217.95 sooner rather than later; otherwise, the sellers will grow in numbers. The VIX (VIX-X) has put together an impressive bottoming chart pattern, a little follow-though and price could be back to its 200-sma..
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
————————————————-
Members Daily Trade Ideas,
Reserved for member only – How about a 30-day $14.00 membership to try us out? Click Here
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or loses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading
Rick’s Featured Trade Ideas
No trade ideas today, we should all have plenty on our watch list
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator!
When following candlesticks/price action and chart patterns, one can clearly see the market is not doing very well, and as we all know, major news events will trump everything, meaning, if the market likes what comes out of Jackson Hole, this market could jump and fly higher. Of course, it could also turn very ugly. Today, it is very possible we have a major news event coming out of Jackson Hole.
We still have an Evening Star Double Top and Support at the $217.-7ish level. This narrow range we have been in tells me ALL traders/investors are waiting for a clue.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
————————————————-
Members Daily Trade Ideas,
No Trade Ideas Today
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or loses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
OZM | RBB | PBO |On Support
Double click the trade plan to enlarge
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator!
The SPY had bearish follow through yesterday on a failed high from the day before. Previous support has been $217.07ish only time will tell if it remains support. The SPY currently has 2 bearish shooting starts about a week apart, a trader just has to be concerned, (I know I am).
Many of the members have gone to cash or working themselves closer to cash. We all know that Jennet Yellen and Jackson Hole will play a big part in the future market direction and the SMART traders knows not to front run the news.
My friends there are times to be trading like a mad man and there are times to sit back and watch. What time is for you?
The 2 weakest sectors were Healthcare and Basic Materials and no sectors that lead the previous day.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
————————————————-
Members Daily Trade Ideas,
Reserved for Members Only
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or loses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
BDSI | RBB | PBO | J-Hook
Double click the trade plan to enlarge
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator!
The Bulls were able to close the SPY over $218.90 on a very unfriendly candle. We now have a Shooting Star that is still active and a double top with what could end up being another Shooting Star.
I think the market will be a bit crazy and unpredictable till we hear the outcome of the Jackson Hole Fed meetings. It is very hard to be a super bull or a super bear right now.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
————————————————-
Members Daily Trade Ideas,
Reserved for Members only
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or loses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CSTM | Bullish Engulf
Double click the trade plan to enlarge
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator!
“Once you attach an assumption to a piece of evidence, you start to bend the narrative to support it.” $218.90 remains the number for the bulls to beat in this slow grind up. The Feds are not likely to raise rates any time soon and the market loves that idea. Yesterday, the bulls held price over the T-Line™. A close above $218.90 today could be the start of the next leg up, barring any bad news. Until the recent Shooting Star is dismissed by the bull, it is still a threat.
Yesterday we heard from one of our members that for the past six months, he has launched his account by 54%! That’s FANTASTIC!
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
————————————————-
Members Daily Trade Ideas,
Reserved for Members Only
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or loses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
BDSI | RBB | PBO | J-Hook
Double click the trade plan to enlarge
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator!
Friday I wrote, “The real test for the buyers is if they can close up above $218.60.“ This was for the very near term. The buyers failed to close over $218.60. Last week I warned about the Bearish Shooting Star on the daily chart and the Bearish Island Reversal on the intraday charts. These are warning signs that the bull may be getting tired and in need of a rest. A test of the $217.02 low is still possible, followed by the 34 ema area. A breakout over $218.90 would put new life in the bull run. The outcome of Jackson Hole will likely play a part in how the market finishes up this week.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
————————————————-
Members Daily Trade Ideas, we might also want to keep or eye on a few shorts or inverse ETF’s
Members Only, Members trade ideas can be found in the members area
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or loses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
MU | Break out | Flag| 3-day continuation pattern
Double Click on the Chart to Enlarge
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator
Trading Room Talk – In our premarket rundown yesterday, I shared how $218.90 would be resistance and the bulls needed to recapture it. The high yesterday was $218.90, and we are seeing push back this morning. Here is yesterday’s note on this: “After looking at my intraday charts (30-min, 60-min, 2-hour and 4-hour), I can see a bearish Island Reversal that may keep pressure on the buyers. Unless the buyers can push us back over $218.90, there is a good chance we see a test of yesterday’s low or lower.”
Wednesday we sought out $217.07 as support, and the supporting low ended up being $217.02. A push below the T-Line™ could push price into testing Wednesday’s low. Just throwing this out there. If $201.07 is breached, $216.45 is possible. Just saying…
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
Each day a trade idea list is posted in the members area that I believe are poised to move 10-20% (or more) within the next few days. Please follow your trading rules for entry stops and profits. Remember to check for earnings!
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CRC | RBB | PBO| 2-day Morning Star
Double click on chart to enlarge
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator
Trading Room Talk – Once again, the Feds believe the US growth numbers are not healthy enough to raise rates, so let’s pump, pump, pump that money into the market and falsely keep it going up. OK, I now have that out of my system. On the daily chart, price closed above the T-Line™ with a nice comeback lower wick.
After looking at my intraday charts (30-min, 60-min, 2-hour and 4-hour), I can see a bearish Island Reversal that may keep pressure on the buyers. Unless the buyers can push us back over $218.90, there is a good chance we see a test of yesterday’s low or lower.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
QURE | RBB | PBO|
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator
Trading Room Talk – The SPY closed below the T-Line™ confirming a Evening Star Signal formation. We did put on a TZA and UVXY trade to hedge some of our longs. Overall, the SPY and the other indices remain bullish. This pullback, until confirmed bearish, remains a bullish pullback. A close below $216.50 on the SPY could cause a little panic and start a retracement test of the August lows. The VIX posted gains yesterday that did, in fact, close above $12.50. A positive close above $12.50 today will be a sign that a little fear is starting to turn up.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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