Rick’s Featured Trade Ideas
OUTR/Long (Retail) Minor target 12% | RBB| Inv. Hd & Shold. | PBO above 35.15
OUTR| Plan your trade & trade your plan | March 28, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $Members Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: 4-hr Price > T-Line™ |
7:00 am: Thursday the SPY gapped down tagging the 200-period moving average and then closing up to the T-Line™. Thursday’s candle could possibly be the PBO candle that the PBO traders are looking for. It will be important for the Bulls to take a stand today, and at the very least, they need to hold $201.05
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Rick’s Featured Trade Ideas
Good Morning Profit Traders, No featured trade idea today. Today is a day we should really consider what we own and should we own it, of course if your stops are in there should not be a BIG problem. With a 3 day weekend and all the crazy in the world right now easing up on position size and fewer positions might be the way to go.
Cheers,
Rick
SPY Attitude: Daily Price < T-Line™ | 30-min Price < T-Line™
7:00 am: For the last few days, I have been warning that the market is getting stretched and needs a rest. It is very important for swing traders to be pros when it comes to timing the market; even if the market contracts a small percent, it could have a dramatic change on the positions you may be in. Yesterday I wrote: “If Continue Reading
Rick’s Featured Trade Ideas
CLDX/Long (Biotechnology) Minor target 4.30 | 2-Day Bullish Engulf| Pinball set up | 2hr-RBB
Hit & Run Members and Trading room:
DDD 64%
ATI 63%
WYNN 62%
The place serious traders hang out.
CLDX| Plan your trade & trade your plan | March 23, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $Members Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: Daily Price > T-Line™ | 30-min Price < T-Line™
7:00 am: I do see signs of a tiring trend and a trend that needs a little profit taking pull back to help reset support, but as of yesterday, the buyers have not given the sellers one inch. The past three days, the Bulls have held their position while consolidating still above the T-Line™ indicating that the Bulls outnumber the bears.
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Rick’s Featured Trade Ideas
KPTI/Long (Apparel Stores) Minor target 18% | RBB| Cup & Handle | Bullish W Pattern |
Hit & Run Members and Trading room:
ONTY 18%
CGI 5%
GNW 11%
The place serious traders hang out.
KPTI| Plan your trade & trade your plan | March 22, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $Members Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: Price > T-Line™
7:00 am: Our four-day trading week started slow with the overall market staying in a tight trading range. My 30 minute chart on the SPY is flashing signals that it may be tiring, in need of a rest. TSV Time Segment Volume in all my charts, 30-minute through daily, is also suggesting this 25-bar run is Continue Reading
Rick’s Featured Trade Ideas
TLRD/Long (Apparel Stores) TLRD | RBB| Bull Flag | Morning Star | 120% gap fill opportunity
Hit & Run Members and Trading room:
LXU 19%
SWKS 6%
OAS 18%
The place serious traders hang out.
TRLD| Plan your trade & trade your plan | March 18, 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 Attitude: (Price > T-Line™ > 34-ema Bullish Trend)
7:00 am: The bulls continue to beat out the bears by keeping price above the T-Line™ and the T-Line™ is trending upward. Had a trader ask me last week if the SPY is bit a overbought, and I replied, “Yes. it is, but remember, a chart can be overbought for a long time and price can still climb higher.” Until investors decide that price needs to pull back, the trend will continue. There is no doubt that we are overbought and stretched, but we need to Continue Reading
Rick’s Featured Trade Ideas
HNT/Short (Health Care) HNT | BIF| Lower Lows | Failing Top | 30% opportunity
Hit & Run Members and Trading room:
TOO 26%
TGP 12%
SM 16%
The place serious traders hang out.
HNT| Plan your trade & trade your plan | March 17, 2016
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $Members Only
Risk Reward 15:1 depending on entry/exit/stop
SPY Attitude: (Price > T-Line™ > 34-ema Bullish Trend)
7:00am: Based on yesterday afternoon’s bullish move, the market likes it when the FED says that global weakness will hurt the US, and they will go from four rate hikes to two rate hikes. Want to bet we go from two to zero this year meaning the global economy is not so good. Hell, Farmer John could have told them that. The SPY moved higher into more resistance and very overbought. Good consolidation around the 200- Continue Reading
Rick’s Featured Trade Ideas
DDD/Long (Computer Systems) DDD | T-Line™ Run| Doji Gap | 50% + opportunity
Hit & Run Members and Trading room:
SCX 154%
STRP 146%
TCK 141%
The place serious traders hang out.
DDD| Plan your trade & trade your plan | March 15, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $Members Only
Risk Reward 5:1 depending on entry/exit/stop
SPY Attitude: (Price > T-Line™ > 34-ema Bullish Trend)
7:00am: Don’t know about you but it’s getting hard to stay long when price has been pushing higher, (now 19 days above the T-Line™) The SPY has been dancing in the devils den of resistance for a few days now closing yesterday at the 200-sma. The last half hour of yesterday the bulls seemed to have lost track of their job with the last 30-min forming an Evening Star candle signal which puts $199.60 in the cross hairs. A close Continue Reading
Rick’s Featured Trade Ideas
TCBI/Long (Regional Banks) TCBI | Trending PBO| Hammer Gap | RBB setting up | 20% opportunity
Hit & Run Members and Trading room:
CDE 101%
MEO 49%
PETX 39%
The place serious traders hang out.
TCBI| Plan your trade & trade your plan | March 14, 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 Attitude: (Price > T-Line™ > 34-ema Bullish Trend)
7:00am: This is Fed week, and I suspect the bulls will likely slow down its run with consolidation between $204.40 and $199.80. Below $199.80 and $196.40 could be a resting spot. 19 days closing above the T-Line™. This past week formed a PBO then a J-Hook break out closing Continue Reading
Rick’s Featured Trade Ideas
HF/Long (Real Estate Serviced) HF | Bullish flag J-Hook| T-Line™ Run | RBB setting up | 16% opportunity
Hit & Run Members and Trading room:
EGO +20%
DYN +4% what this one today
PRTY 16%
The place serious traders hang out.
HF| Plan your trade & trade your plan | March 11, 2016
Possible entry plan idea: Buy box $Member Only
Possible stop plan idea: Close below $Member Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: (Price > T-Line™ > 34-ema Bullish Trend)
6:25am The SPY is gapping up from a Doji flag challenging the recent high ($201.35) and possibly the 200-sma ($202.16).
The weekly chart on the SPY has two possibilities that I see:
- The Doji continuation pattern is successful and reaches the $204.50 area.
- Or we see weakness in the pattern and price slips to test the $196.45 area.
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Rick’s Featured Trade Ideas
FB/Short (Internet Content) FB | 2-day chart Evening Star | Head & Shoulder | Broke recent down trend line | Failed T-Line™ | Bearish continuation pattern setting up
Hit & Run Members and Trading room:
URBN +36%
ROSG + 27%
TWI +58%
And there’s more
The place serious traders hang out.
FB | Plan your trade & trade your plan | March 9, 2016
Possible entry plan idea: Short box $Members Only
Possible stop plan idea: Cover above $Members Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: (T-Line™ > 34-ema Bullish Trend)
The bullish relief rally stumbled a little yesterday closing down 1.9% on the SPY. Although closing above the T-Line™, one has to wonder if the SPY and the overall market has run out of energy to push through the major resistance area in the very near future. Perhaps a slight pullback consolidation would be helpful. The hourly chart has me concerned, formed a bearish ‘h” pattern.
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