Rick’s Featured Trade Ideas
MENT/Long (Technology) With a double bottom, bullish “w” pattern, RBB and a breakout of the Recent T-Line™ swing high, MENT may be setting itself up for a run to $20.80ish and then 23.40ish.
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MENT Plan your trade & trade your plan February 22, 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: (2-T-Line™ up/T-Line™-34 down) It looks as if the Bulls will take price above $194.58, and that will be a major victory. Of course, by the end of the day, price still needs to close above the victory line. The current chart pattern, is a double bottom and the high probability of a bullish “W” breakout today. The Doji star gap up of six days ago has led to a T-Line™ run and a little 2-bar flag on the daily chart. Price has closed over our two major deuces on
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Rick’s Featured Trade Ideas
AMZN/short (Specialty Retail) We shorted AMZN yesterday. AMZN printed a Bearish Engulf yesterday at the 200-sma suggesting a Red Ice Failure. Notice the recent Blue Ice Failure and lower lows and lower highs.
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AMZN Plan your trade & trade your plan February 19, 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: (2-T-Line™ up/T-Line™ 34 down)
It doesn’t look like the bulls are able to control $194.63 just yet. When you think about the run we’ve had this past week, a little pullback or profit taking should not be a surprise. Let’s keep our eyes on how price acts at the T-Line™ in the next day or two. If the Bulls can defend the $189.50 area, it would suggest
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Rick’s Featured Trade Ideas
WWW/Long (Footware) WWW kicks the trade off with a bullish piercing candle back in mid-January followed by a bullish T-Line™ run. Profit-taking took place below the T-Line™, and the Bulls were able to put together a morning star pattern followed by a Doji continuation pattern along with a Bullish J-Hook continuation.
Hit & Run Members and Trading room: We took a stroll to the bank on ICON, FCX, ATI, GMRN, FOSL, TMST, USO and NHTC —$$$. If you are frustrated we can help!
WWW Plan your trade & trade your plan February 18, 2016
Possible entry plan idea: Buy Box $Members Only
Possible stop plan idea: Stop Below $Members Only
Risk Reward 8:1 depending on entry/exit/stop
SPY Attitude: (2-T-Line™ up/T-Line™ 34 down) Another great day for the Bulls closing up 1.63% at $192.88, well within our expected target area. On the daily chart, the SPY is on the verge of breaking out of a bullish ‘W’ pattern. If the Bulls can manage to control the $194.63 resistance line, then the next bullish target would be between $200.00 and $202.00. Let’s keep in mind that the SPY could have a relapse and the old mama bear could come back out. If
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Rick’s Featured Trade Ideas
JOY/Long (Farm Equipment) JOY has broken out of its down trend forming a cup & handle, a flag or J-Hook breakout and a line of support at $10.40.
$$$—Hit & Run Members were alerted to BAP on February 10, now a T-Line™ and gap to boot. BAP has produced 12% —$$$. We will teach you how.
JOY Plan your trade & trade your plan February 17, 2016
Possible entry plan idea: Buy Box $Member Only
Possible stop plan idea: Stop Below $Member Only
Risk Reward 10:1 depending on entry/exit/stop
SPY Attitude: (MA trend down/price relief rally underway) Price did close over $187.95. As mentioned yesterday, price should push between $191.20 and $194.60. A close over $191.20 will help the bulls pull the T=Line™ over the 34-ema on the 4-hr chart. The 2-hr chart has now gone bullish on the T-Line™ chart.
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Rick’s Featured Trade Ideas
ATI/Long (Metal Fab) After forming a bullish piercing candle and double bottom, ATI has painted a bullish picture of higher highs and higher lows. Currently, it has a rounded bottom breakout and a bullish morning star signal leading to a J-Hook continuation pattern.
$$$—Hit & Run Members were alerted to STRP on January 20, now a perfect T-Line™ Run that has produced 90% —$$$. We teach how to find and trade, trades like this.
ATI Plan your trade & trade your plan February 16, 2016
Possible entry plan idea: Buy Box $Members Only
Possible stop plan idea: Stop Below $Members Only
Risk Reward 5:1 depending on entry/exit/stop
SPY Attitude: (MA trend down/price relief rally underway) A close over $187.95 would likely move price to between $191.20 and $194.60. We currently have a minor trend change to bullish on the four-hour chart and a close over $191.20 would likely produce an intermediate bullish trend change.
All candlestick traders have certain candlestick patterns that they favor, and one of mine is a gap down and not just one but two Doji’s together and then a gap
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Rick’s Featured Trade Ideas
No Featured Trade Idea today – Headed out on a mini vacation
Happy Valentines to all!
SPY Attitude: (The trend is down) And the double bottom Doji is going to save the day (No), the morning futures are showing a little Bullish buzz, unless the Bulls can close the SPY over 188.00 this possible short-term relief rally is just a joke. Be suspicious of relief rallies in this market, relief rallies are signals to look for short setups. Remember cash is king and Monday is a Holiday.
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Rick’s Featured Trade Ideas
GLUU/Long (Gaming and Multimedia) GLUU has produced a bull kicker gap, closing up over the 50-SMA creating a rounded bottom breakout. With a couple of bars of consolidation followed by solid bullishness yesterday and the beginning of a T-Line run™, GLUU has great profit potential for the swing trader.
$$$ 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.
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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™
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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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