Rick’s Featured Trade Ideas
LKND/Long (Internet Content) Rising T-Line™ | Bullish Flag | RBB Pattern | DBL Bottom | Scoop Pattern
LKND| Plan your trade & trade your plan | April 22, 2016
Possible entry plan idea: Buy box $118.00- $122.00
Possible stop plan idea: Protective stop below $118.02
Swing trade #1 playground: $118.00 – $143.90
Playground risk reward: 13:1 + depending on | entry | exit | stop
SPY: Short Term Signaling a Warning
7:00 am: Yesterday closed with a BEARISH EVENING STAR which suggests a lower open today (this was discussed in the trading room before the bell yesterday afternoon). In yesterday’s morning blog post, we mentioned that a close below $208.99 would be Warning #1. Yesterday the SPY closed at $208.97– Warning #1. We also wrote if a close below $207.00 followed, that would be Warning #2.
With poor earnings from a few big names yesterday, we are likely to see and feel a little disturbance in the force this morning, and it may or may not carry over to the close.
The BEARISH EVENING STAR signal from yesterday is another warning sign. Overall, the trend is still bullish and the support area still looks good; it’s the short term that’s iffy. If the bulls take another run at the highs, we will know by the clues from price action – Candlesticks.
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Rick’s Featured Trade Ideas
LPLA/Long (Financial) Rising T-Line™ | Bullish Flag | 3-day Morning Star
LPLA| Plan your trade & trade your plan | April 21, 2016
Possible entry plan idea: Buy box $25.42- $26.88
Possible stop idea: Protective stop below $25.42
Swing trade playground: $25.50 – $36.70
Playground risk reward: 13:1 + depending on | entry | exit | stop
SPY: Price vs T-Line™ Bulls in charge
7:00 am: Yesterday the SPY managed to eek out a gain of .10% closing with its second Doji. With two days of doji indecision, it would appear the market is having a tough time figuring out the best direction for price. The chart continues to suggest bullishness with price leading the T-Line™ and the T-Line™ is still leading up. BUT be warned a close below $208.99 would be a warning, and a close below $207.00 would be a stronger warning.
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Rick’s Featured Trade Ideas
TOO/Long (Shipping) Rising T-Line™ | Bullish Engulf | PBO | Flag breakout | J-Hook continuation pattern
TOO| Plan your trade & trade your plan | April 20, 2016
Possible entry plan idea: Buy box $6.30- $7.05
Possible stop plan idea: Protective stop below $6.30
Swing trade playground: $5.73 – $11.00
Playground risk reward: 11:1 + depending on | entry | exit | stop
SPY: Price vs T-Line™ Bulls in charge
7:00 am: The bullish trend continued yesterday with the SPY closing up .32% with a doji candlestick. The T-Line™ continues to rise as well as all three of the main moving averages we use, that we call the big three. There’s no question the market has had a big run and is probably in need of a little profit taking. There’s also no question that we are high and tight up against resistance. Remember that it’s price that decides whether we go up or down, and right now price is feeling like it wants to Continue Reading
Rick’s Featured Trade Ideas
CMRX/Long (Healthcare) Rising T-Line™ | RBB Pattern | Flag breakout
CMRX| Plan your trade & trade your plan | April 19, 2016
Possible entry plan idea: Buy box $5.68- $6.40
Possible stop plan idea: Protective stop below $5.68
Swing trade playground: $7.60 – $9.55 – $13.65
Risk Reward 10:1 + depending on | entry | exit | stop
SPY: Price vs T-Line™ Bulls in charge
7:00 am: Yesterday was another strong day for the Bulls with price pulling back to support and the T-Line™, closing above previous price action following through with a Bullish Engulf enhancing the J-Hook continuation pattern. Price closed yesterday on the SPY at $210.09 and I suspect the Bulls will try to reach for the $210.00 area. Bullish success at $210.00 might create enough energy to reach new highs, but, of course, we should always follow the chart and take our hints and clues from the Continue Reading
Rick’s Featured Trade Ideas
FIT/Long (Technology) Rising trend | RBB Pattern | Flag breakout
FIT| Plan your trade & trade your plan | April 18, 2016
Possible entry plan idea: Buy box $16.09- $17.62
Possible stop plan idea: Protective stop below $16.09
Looking for: $19.80 – $24.30
Risk Reward 8:1 depending on | entry | exit | stop
SPY: 2-ema vs T-Line™ Short term bulls in control but weakening
7:00 am: The children playing with oil didn’t get along and couldn’t agree on the rules this weekend, so back to their own little playgrounds they went. The price of oil continues to drop which is simply putting some pressure on the market this Monday morning. We might start to see support in USO around the $9.60 down to $9.25.
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Rick’s Featured Trade Ideas
TWTR/Long (Technology) Inverse H&S | Dbl Bottom | PBO | Morning Star | Doji Continuation
TWTR| Plan your trade & trade your plan | April 15, 2016
Possible entry plan idea: Buy box $16.92- $17.73
Possible stop plan idea: Protective stop below $16.92
Looking for: $19.20 – $21.90
Risk Reward 4:1 depending on entry/exit/stop
SPY: 2-ema vs T-Line™ Short term bulls in control
7:00 am: After the SPY found its way higher yesterday, price pulled back just enough to form a Doji at the end of the day. The morning futures seem a little weak which may end up producing a little bit of profit taking on this Friday. A couple of support areas I see are $206.97 and $206.00. Of course, if the bears lose interest and the Bulls take charge, it is possible we end up today with a Doji continuation pattern that could test the $209.90 area next week. Continue Reading
Rick’s Featured Trade Ideas
GPRO/Long (Technology) RBB | Wedge breakout | Support | Morning Star
GPRO| Plan your trade & trade your plan | April 14, 2016
Possible entry plan idea: Buy box $12.78- $14.05
Possible stop plan idea: Protective stop below $12.78
Looking for 16.80 – 20.35 after 14.65
Risk Reward 6:1 depending on entry/exit/stop
SPY: 2-ema vs T-Line™ Short term bulls in control
7:00 am: Over a 1% move yesterday in the SPY closing above the sideways channel that has been created over the last couple weeks. It looks like the next little hill the Bulls need to climb over is about $208.90 and support looks to be $205.65 – $206.90. Something I’ve experienced over the years is when the market gaps and remains bullish as it did yesterday, the following day or days, we may see slight profit taking that can Continue Reading
Rick’s Featured Trade Ideas
CARA/Long (Healthcare) RBB | T-Line™ Run | Support | Doji/Bullish Engulf | Morning Star family
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CARA| Plan your trade & trade your plan | April 13, 2016
Possible entry plan idea: Buy box $Members only
Possible stop plan idea: Close below $members only
Risk Reward 4:1 depending on entry/exit/stop
SPY: 2-ema vs T-Line™ Short term bulls in control
7:00 am: The Bulls were able to close back over the T-Line yesterday and above the $204.00 support line. A look at the morning futures suggests the Bulls will try and could possibly succeed breaking out of the sideways chop that we’ve been in the past couple weeks. A successful Continue Reading
Rick’s Featured Trade Ideas
BTG/Long (Basic Materials) T-Line™ Run | Dbl Bottom| Breakout | J-Hook Continuation pattern
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BTG| Plan your trade & trade your plan | April 12, 2016
Possible entry plan idea: Buy box $Members only
Possible stop plan idea: Close below $Members only
Risk Reward 9:1 depending on entry/exit/stop
SPY vs T-Line™ Price < T-Line™ Choppy market
7:00 am: S-i-d-e W-a-y-s M-a-r-k-et… After the April 1 high, the market has slipped into a short-term sideways trance. Last week I spoke of the $204 level being important for the bull to defend and the bears to capture, and it still remains an important hill for both sides. If the bears capture the $204.00 hill, the next battle should take place around $201.75.
Hanging Man, take a look at your 3-day chart and you should see 2 Hanging Men dangling the legs right in front of us. Read more about the Hanging Man.
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Rick’s Featured Trade Ideas
ETE/Long (Energy) RBB | Dbl Bottom| Morning Star | Continuation pattern
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ETE| Plan your trade & trade your plan | April 11, 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
SPY vs T-Line™ 2-ema > T-Line™ Choppy market
7:00 am: Last week the SPY pretty much crawled along the $204.00 support line, and according to the morning futures today, we are opening above the $204.00 support line. Above $204.65, the Bulls may be trying to put a run together; below $203.95 and the bears may be starting to wake up. The earnings Continue Reading
