Rick’s Featured Trade Ideas
No Featured Trade Idea today – Headed out on a mini vacation
Happy Valentines to all!
SPY Attitude: (The trend is down) And the double bottom Doji is going to save the day (No), the morning futures are showing a little Bullish buzz, unless the Bulls can close the SPY over 188.00 this possible short-term relief rally is just a joke. Be suspicious of relief rallies in this market, relief rallies are signals to look for short setups. Remember cash is king and Monday is a Holiday.
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Rick’s Featured Trade Ideas
GLUU/Long (Gaming and Multimedia) GLUU has produced a bull kicker gap, closing up over the 50-SMA creating a rounded bottom breakout. With a couple of bars of consolidation followed by solid bullishness yesterday and the beginning of a T-Line run™, GLUU has great profit potential for the swing trader.
$$$ If the trading room you’re in did not help you with the $DUST trade, you may be in the wrong room $$$.
GLUU Plan your trade & trade your plan February 10, 2016
Possible entry plan idea: Buy Box $Members
Possible stop plan idea: Stop Below $Members
Risk Reward 17:1 depending on entry/exit/stop
SPY Attitude: (Price will Attempt a Relief Rally) And it looks as if price will attempt a relief today, or, in another way to put it, price will try to sneak through a bearish feeding ground. Everybody knows that the SPY is in a downtrend. Where it gets fuzzy is how many ways can we paint an uptrend. For each trader, the answer may be different. For me, it’s simple; first, what is
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Rick’s Featured Trade Ideas
ICON/Long (Apparel) ICON above $7.50, this RBB setup has a high probability to pay off; however, it will need the help of the market.
The Hit & Run Candlesticks trading room offers education and great trade ideas.
$$$ Trading Room Profits Monday were great with SBUX, MXL, and NFLX $$$
ICON Plan your trade & trade your plan February 9, 2016
Possible entry plan idea: Buy Box $Members Only
Possible stop plan idea: Stop Below $Members Only
Risk Reward 5:1 depending on entry/exit/stop
SPY Attitude: (The bear is in Charge! – Timing is everything.)
The Bulls were able to defend $184.75 printing a dragonfly/hammer candle, and it is possible that this candle and the bull action yesterday could cause a very small relief rally, maybe to $189.05, but I doubt seriously the bear is ready to give in. With nothing
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Rick’s Featured Trade Ideas
INTU/Short (Software) Price action has demonstrated a clear blue ice failure on the daily chart. Price is also close back below the 34–EMA and the T-Line™
The Hit & Run Candlesticks trading room offers education and great trade ideas.
$$$Wednesday, Thursday, Friday last week NUGT was one of the big winners in the Trading Room $$$
INTU/ Plan your trade & trade your plan February 8, 2016
Possible entry plan idea: Short Box $Get you 2 week trial
Possible stop plan idea: Cover area $Get you 2 week trial
Risk Reward 5:1 depending on entry/exit/stop
SPY Attitude: (The bear is running free)
$184.75 is a number the bulls need to defend and it looks like that area may be a battleground today. Friday the sellers were able to wake the bear up with a negative close in the morning, and futures are suggesting the bear may be hungry for the $184.75 support area. Taking price out of the picture all of our decision-making lines are in agreement with the bear.
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Rick’s Featured Trade Ideas
No trade Ideas today.
The Hit & Run Candlesticks trading room offers education and great trade ideas.
SPY Attitude: (Daily Bull & Bear Fight) (2-hr chart struggling)
$184.75 is a number the bulls need to defend A success from the bears and a bear flag could potentially deliver more selling to the $175.50 area.
The linear regression (100 days) is down, and price hasn’t been able to get through the $195.50 resistance area. The jobs numbers may help or hurt.
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Rick’s Featured Trade Ideas
SIEN/Long (Medical instruments) SIEN has not been a stranger to either Hit-And-Run Candlesticks or Right Way Options members. For many, this one stock has paid your subscription for the next several years. Recently, the 100 SMA has proven to act as resistance. It’s ben price flagged for about a week then the Bulls pop price out on high-volume
The Hit & Run Candlesticks trading room offers education and great trade ideas.
$$$Wednesday NUGT Was one of the big winners in the Trading Room $$$
SIEN/ Plan your trade & trade your plan February 4, 2016
Possible entry plan idea: Buy Box $Members Only
Possible stop plan idea: Stop Area $Members Only
Risk Reward 7:1 depending on entry/exit/stop
SPY Attitude: (Daily Bull & Bear Fight) (2-hr chart Bullish)
Market popped today on oil rally… USO to $10.65 if $9.90 can be beat. We took trades today in USO and ERX, good profits so far, up over 10%
SPY goes to $200 if $195.50 can support.
Oil is the key, it has been and it still is for now. It’s all about the Oil!
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Rick’s Featured Trade Ideas
NFLX/Short (Pay TV) For the past few weeks, we’ve seen a little consolidation. The past four days and yesterday was a clear failure of the T-Line closing with a bearish engulf. I would think shorting Netflix on a rally to the $97.00 or on weakness could prove profitable.
The Hit & Run Candlesticks trading room offers education and great trade ideas.
$$$Tuesday Trading Room close last 1/2 PN$$$
NFLX/ Plan your trade & trade your plan February 3, 2016
Possible entry plan idea: Sell Box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: (Daily Bearish) (60-min Bearish below $190.50)
The dollar is up, the 20-year treasury bond (TLT) is up, oil (USO) continues to weaken. The bear has a very strong grip on this market right now. The SPY started to bounce about
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Rick’s Featured Trade Ideas
EROS/Long (Media) EROS has a Rounded Bottom Breakout with a Double Bottom, Bullish Engulf and Bull Flag behind it.
The Hit & Run Candlesticks trading room offers education and great trade ideas.
***Monday was a money day in the Trading Room for FB, SBUX, we closed 1/2 of the PN trade***
EROS/ Plan your trade & trade your plan February 1, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: Oil is once again down this morning putting pressure on the market. The SPY closed yesterday with price holding above the 50-SMA 60-min chart and with price above the T-Line™ daily chart. (Current short-term relief rally). Pull backs are okay as long as the trend stays positive. Note the T-Line™ is still below the 34-EMA on the daily chart which tells us the bears still control this market. $195.15 (resistance) remains the number for the bulls to win right now.
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Rick’s Featured Trade Ideas
SXC/Long (COAL) SXC has put together a Candlestick rounded bottom and also has broken into a rounded bottom breakout strategy pattern. With resistance around the $3.80 and support near the $3.00 area, I am wanting SXC to be on my buy candidate watch list, whether it’s today or a few days from now.
The Hit & Run Candlesticks trading room offers education and great trade ideas.
***Another great day in the Trading Room for FB, STRP, SXC, COG***
SXC/ Plan your trade & trade your plan February 1, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 8:1 depending on entry/exit/stop
SPY Attitude: Last week the 60-minute chart triggered bullish while the daily chart was still triggering bearish, and Friday was very powerful and now has a bullish attitude thanks to Japan. Overall, the bears are still in control of the trend from January 1 this year, while price nearly tagged the 50 percent retracement Friday. I still see resistance at $195.15, while support has moved up now to 190.55.
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Rick’s Featured Trade Ideas
GNW/Long (Insurance) GNW is a classic Hit & Run Candlesticks Pinball Setup, I can also see a bullish cradle pattern and a bullish scoop pattern.
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.
***FB was a great trade yesterday, I will be watching for a trade next week.
GNW/ Plan your trade & trade your plan January 29, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: The daily chart is still under a great deal of bearish influence and has not triggered bullish. The 60-minute chart has triggered bullish.
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