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.
Continue Reading
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
Rick’s Featured Trade Ideas
No featured trade idea today | BUT there are 11 members trade ideas
SPY vs T-Line™ Price > T-Line™ Choppy market
7:00 am: Yesterday we mentioned that (IYT) Transportation ETF was vulnerable below $139.73; yesterday IYT dropped another 1.29% closing at $137.14, so the vulnerability continues. $135.91 is the next area that the Bulls have a chance to defend; if the bears stay in control, $133.55 may be tested.
The sellers were able to win yesterday’s game closing below our $204.00 line on the SPY. I see that the futures are up this morning a tad, but Continue Reading
Rick’s Featured Trade Ideas
ADRO/Long (Healthcare) Hammer | Dbl Bottom| RBB | Morning Star category
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ADRO| Plan your trade & trade your plan | April 7, 2016
Possible entry plan idea: Buy box $Members only
Possible stop plan idea: Close below $Members only
Risk Reward 7:1 depending on entry/exit/stop
The chart to keep your eye on: Dow Jones transportation average index ETF (IYT). IYT has fallen below $139.73 and is very vulnerable under that level.
SPY vs T-Line™ Price > T-Line™ Choppy market
7:00 am: Yesterday was another day of bullish magic when the buyers were able to open the SPY at $204.47 and close at the $206.42, a 1.9% gain from the previous day.
It looks as if we’re going to open with an inside day just above the support that we’ve seen for the past four days at the $204.00. I think the Continue Reading
Rick’s Featured Trade Ideas
SCTY/Long (Utilities) RBB | Bullish Engulf w/follow through | 4-hr Doji continuation
SCTY| Plan your trade & trade your plan | April 6, 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™ Price < T-Line™ CAUTION TODAY
7:00 am: The SPY has had a nice run currently, up over 12% from the February lows, and the SPY has successfully run through the 50 and 200-SMAs, nearly knocking on the door of the all-time high. Unfortunately, it is my belief that the Bulls are running a little low on energy and are in need of a rest in the coming days. During this rest, the bears will likely push back. Already yesterday, the bears pushed price below the T-Line™ and closed price below the $205.50 support Continue Reading
Rick’s Featured Trade Ideas
NOW/Long (Information Technology) RBB | Double Bottom, Morning star
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NOW| Plan your trade & trade your plan | April 5, 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 and T-Line™ Swing Trade Attitude: Price < T-Line™ CAUTION TODAY
7:00 am: Yesterday printed an inside day bearish Harami after a flag Bullish Engulf. This morning it looks like the futures have weakness. This suggests the Bullish Engulf was not strong enough to carry the buyers higher at this time. If the bears continue their strength today, we will see a close below the T-Line™, and that would put Continue Reading
Rick’s Featured Trade Ideas
ALKS/Long (Biotechnology) RBB | Double Bottom | Hammer| Flag | Continuation Pattern |
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ALKS| Plan your trade & trade your plan | April 1, 2016
Possible entry plan idea: Buy box $Members only
Possible stop plan idea: Close below $Members only
Risk Reward 7:1 depending on entry/exit/stop
SPY and T-Line Swing Trade Attitude: Price > T-Line™ CAUTION TODAY
7:00 am: Wednesday the SPY closed with a gap-up Doji while the S&P 500 closed with a Bearish Shooting Star. Thursday, we experienced mild weakness still closing above the T-Line. Last night Japan had a very hard day dropping nearly 600 points, and there’s no doubt this is going to bleed over to the US market today. In Wednesday’s note sent to your inbox I wrote: “The key today, or at least over the next few days, is to close over the March highs and stay over the March highs.” In Thursday’s note sent to your inbox I wrote: “The SPY closed higher Continue Reading
