Rick’s Featured Trade Ideas
It’s Friday – No trade ideas today
SPY: The Bulls managed to put together a bullish harami by the close of yesterday, still closing below the T-Line™ and allowing the sellers to stay in control. The bullish Harami may be a sign that the Bulls are creating a little bottom for a relief rally, but I believe that when I see it! When I see the Bulls close price over $194.50, I will take their attempt at a relief rally a bit more seriously.
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Rick’s Featured Trade Ideas
CTIC/ Long (Biotechnology) Cell Therapeutics Inc., has formed a rounded bottom breakout with a retracement back to support and the 50% fib line closing yesterday back above the 23.6 retracement.
Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.
CTIC/ Plan your trade & trade your plan January 13, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close Below $Members Only
Risk Reward 8:1 depending on entry/exit/stop
100 Long shares of SIEN would have netted you $323.00
Member’s trade idea December 17, (SIEN) Long 63%
Member’s trade idea November 24, (ROVI) Long 51%
Member’s trade idea November 6, (DWA) Long 27%
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SPY: “Think Relief Rally,” that’s what we called for yesterday, and the SPY started the process by closing up .81%. We expect more follow-through today and even a possibility of testing the T-Line™, or even better, closing over the T-Line™.
Yesterday I noticed many on our watch-list were showing signs of bullishness and closing in the green, and one of our members’ trade ideas yesterday, CHUY, closed up 5.5%, and another of our members’ trade ideas from last month, SIEN, closed higher for a total of 63.58%.
I still believe this is only a relief rally until the proper bottom and reversal pattern have been created.
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Rick’s Featured Trade Ideas
M/ (Department store) (M) Macy’s Has formed a double bottom, Bullish Engulf closing over the T-Line then follow-through. A near bullish kicker yesterday closed Macy’s up 8.16%. I believe we can all make some money on this trade by proper management.
Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.
M/ Plan your trade & trade your plan January 12, 2016
Possible entry plan idea: Buy box $Member Only
Possible stop plan idea: Close Below $Members Only
Risk Reward 7:1 depending on entry/exit/stop
100 Long shares of SIEN would have netted you $286.00
Member’s trade idea December 17, (SIEN) Long 56%
Member’s trade idea November 24, (ROVI) Long 50%
Member’s trade idea December 17, (GFI) Long 12%
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SPY: Think Relief Rally. Yesterday we saw the SPY find a low $189.82 and lift about 1.11% creating a hammer just slightly above the 50% fib line. The market is very oversold, and it may be time we use our relief rally game plan. In fact, all the trade ideas today will be longs, but remember we are in our relief rally game plan.
Relief rally points of interest are $194.10, $197.40, and $198.80 and would put you back to the 50% retracement of the recent bear run.
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Rick’s Featured Trade Ideas
AET/ (Healthcare) AET continues to fail the upper downtrend line. The descending triangle and the weekly bear flag may find itself giving way in the next few days.
Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.
AET/ Plan your trade & trade your plan January 11, 2016
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 14:1 depending on entry/exit/stop
100 Long shares of ABX would have netted you $1428.00
Member’s trade idea September 29, (FTNT) Short 33%%
Member’s trade idea November 18, (INFN) Short 23%
Member’s trade idea October 29, (UA) Short 22%%
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SPY: Friday was more proof that the sellers are controlling this market. The SPY was down 1.10% for the day and 5.86% for the week. Last week, price cut through our 23.6% retracement, and as it stands now, the 38.2 fib retracement is in jeopardy. I still believe the $188 area on the SPY is what this recent bearish move is looking for. With this in mind and the current trend confirming short positions, inverse ETF’s are still the moneymakers. We will also be able to find profits in long charts with specific setups and trade very short-term.
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Rick’s Featured Trade Ideas
GNC/Long (Pharmaceutical retail) GNC has formed a Rounded Bottom Breakout from a Bullish Engulf with three days of follow-through.
Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.
GNC/ Plan your trade & trade your plan January 8, 2016
Possible entry plan idea: Buy box $Reserved for Members
Possible stop plan idea: Close Below $Reserved for Members
Risk Reward 5:1 depending on entry/exit/stop
100 Long shares of ABX would have netted you $100.00
Member’s trade idea December 14, (ABX) Long 12%
Member’s trade idea December 4, (LEIH) Short 28%
Member’s trade idea August 12, (SA) Long 36%
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SPY: We made it to another profit-taking Friday, China’s back to trading, employment numbers are today and the SPY is down 4.75% this week, short trades and inverse ETF’s rocked. We even made some money on long trades!
The SPY continues to show weakness cutting through the $195 area like it wasn’t even there. I still believe the $192 – $188 area may be tested with a likely relief rally beforehand. The overall market has undergone tremendous technical damage, and for the indices to see new all-time highs, the indices will need to build quality reversal chart patterns. Continue to make a plan for each trade and trade that plan! Your first technical analysis of a chart is usually the correct one.
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Rick’s Featured Trade Ideas
AMZN/ Plan your trade & trade your plan January 7, 2016
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 5:1 depending on entry/exit/stop
100 Long shares of FSLR would have netted you $1920.00
Member’s trade idea October 27, (MEET) Long 60%
Member’s trade idea January 4, (TSLA) Short $2097.00
Member’s trade idea December 21, (MANH) short $750.00
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Hit&Run Candlestick members learn to manage their charts, and by managing their charts profits are more profitable. With our Starbucks (SBUX) short, we’re enjoying a great cup of coffee. (SKX) Sketchers USA is trying to draw an “h” pattern which equals short profits. SKX was yesterdays featured trade idea. (F) Ford Is another one we spoke of in early December that would likely be a short winner.
I hear from hundreds of people and how they’re looking for long setups with the market becoming a bit oversold. Please be careful and let the chart guide your way. We have seen time and time again that buying off the bottom or trying to pick the bottoms is not the answer.
SPY: Yesterday I wrote that China has created pressure on the market causing the buyers to be concerned and the sellers to take advantage, and that continues to hold true today. The morning futures are once again under pressure, and today we should see the $195 area tagged on the SPY that I have spoken of several times the
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Rick’s Featured Trade Ideas
SKX/Short (Footwear and Accessories) On all charts, SKX is tripping over its shoelaces. The three-day chart caught my eye with a very clear bearish “h” pattern in the process and about a 25% profit target — my kind of trade.
I will be discussing this trade and many others in the trading room today at 9:10 AM Eastern.
SKX/ Trade Planning = Profits Jan 6
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 8:1 depending on entry/exit/stop
100 Long shares of FSLR would have netted you $1920.00
Member’s trade idea November 16, (FSLR) Long $1920.00
Member’s trade idea December 7, (SWHC) Long 36%
Member’s trade idea November 18, (INFN) short 17%
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SBUX Short has been a profitable trade with still more profits to come. Yesterday in the trading room, Smith & Wesson (SWHC) was a big winner!, SkyWest Inc. (SKYW) has had a first-class ticket for the H&R Members that took advantage of the short flight. Avid Technology (AVID) paid off well yesterday with a gap, and as we always say in the trading room, “gaps are gifts.” To the short side, several members are happy with Hawaiian Holdings (HA) and Fossil Ink (FOSL).
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Rick’s Featured Trade Ideas
MCO/Short (Business services) MCO is suggesting more downside with price failing the 50- and 200-day simple moving average.
MCO/ Trade Planning = Profits Jan 5
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 5:1 depending on entry/exit/stop
100 Long shares of SWHC would have netted you $429.00
Member’s trade idea January 4, (HA) Short 7%
Member’s trade idea December 7, (SWHC Long 22%
Member’s trade idea December 21, (SKYW) short 8%
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SBUX Short has been a profitable trade with still more profits to come. Yesterday in the trading room several traders went long on Smith & Wesson (SWHC), Avid Technology (AVID) and SunEdison (SUNE). To the short side, several members stepped into Hawaiian Holdings (HA), Comfort Systems USA (FIX) and Fossil Ink (FOSL)
SPY: Yesterday, the first day of trading for the new year was not very encouraging if you focus on the market and you are bullish. The bearish gap yesterday dropped the SPY right back to its lower downtrending trend line. However, the Bulls came back and printed a book-perfect hammer by the end of the day. Unfortunately, the hammer and the lower trend line might be good for a relief rally but not much more than that unless the Bulls truly take control. While the market is controlled by the bears and many charts as well, there are plenty of long charts to be traded. With proper management, “plan for your trade, and, of course, trade your plan.” We can all make money with long and short trades.
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Rick’s Featured Trade Ideas
SBUX/Short (Restaurants) From early November, Starbucks has continued to print lower highs and lower lows, and last week Starbucks successfully created a blue-ice failure.
SBUX/ Trade Planning = Profits Jan 4
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 4:1 depending on entry/exit/stop
100 Long shares of CSIQ would have netted you $432.00
Member’s trade idea December 17, (SIEN) Long 16%
Member’s trade idea December 15, (CSIQ Long 17%
Member’s trade idea December 4, (CENTA) short 12%
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SPY: The daily weekly and monthly charts are all presenting a bearish attitude. From the November high, the SPY has continued to post lower highs and lower closes, all signs that the sellers are in control. The weekly 23.6 Fibonacci projection puts price at the $198 area with a $195 gap fill target if the buyers can’t put together a complete reversal rally. We held our TZA long and our SBUX short over from last week, a great start to the 2016 year.
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