Rick’s Featured Trade Ideas
SKX/Short (Footwear and Accessories) On all charts, SKX is tripping over its shoelaces. The three-day chart caught my eye with a very clear bearish “h” pattern in the process and about a 25% profit target — my kind of trade.
I will be discussing this trade and many others in the trading room today at 9:10 AM Eastern.
SKX/ Trade Planning = Profits Jan 6
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 8:1 depending on entry/exit/stop
100 Long shares of FSLR would have netted you $1920.00
Member’s trade idea November 16, (FSLR) Long $1920.00
Member’s trade idea December 7, (SWHC) Long 36%
Member’s trade idea November 18, (INFN) short 17%
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SBUX Short has been a profitable trade with still more profits to come. Yesterday in the trading room, Smith & Wesson (SWHC) was a big winner!, SkyWest Inc. (SKYW) has had a first-class ticket for the H&R Members that took advantage of the short flight. Avid Technology (AVID) paid off well yesterday with a gap, and as we always say in the trading room, “gaps are gifts.” To the short side, several members are happy with Hawaiian Holdings (HA) and Fossil Ink (FOSL).
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Rick’s Featured Trade Ideas
MCO/Short (Business services) MCO is suggesting more downside with price failing the 50- and 200-day simple moving average.
MCO/ Trade Planning = Profits Jan 5
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 5:1 depending on entry/exit/stop
100 Long shares of SWHC would have netted you $429.00
Member’s trade idea January 4, (HA) Short 7%
Member’s trade idea December 7, (SWHC Long 22%
Member’s trade idea December 21, (SKYW) short 8%
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SBUX Short has been a profitable trade with still more profits to come. Yesterday in the trading room several traders went long on Smith & Wesson (SWHC), Avid Technology (AVID) and SunEdison (SUNE). To the short side, several members stepped into Hawaiian Holdings (HA), Comfort Systems USA (FIX) and Fossil Ink (FOSL)
SPY: Yesterday, the first day of trading for the new year was not very encouraging if you focus on the market and you are bullish. The bearish gap yesterday dropped the SPY right back to its lower downtrending trend line. However, the Bulls came back and printed a book-perfect hammer by the end of the day. Unfortunately, the hammer and the lower trend line might be good for a relief rally but not much more than that unless the Bulls truly take control. While the market is controlled by the bears and many charts as well, there are plenty of long charts to be traded. With proper management, “plan for your trade, and, of course, trade your plan.” We can all make money with long and short trades.
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Rick’s Featured Trade Ideas
SBUX/Short (Restaurants) From early November, Starbucks has continued to print lower highs and lower lows, and last week Starbucks successfully created a blue-ice failure.
SBUX/ Trade Planning = Profits Jan 4
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover Above $Members Only
Risk Reward 4:1 depending on entry/exit/stop
100 Long shares of CSIQ would have netted you $432.00
Member’s trade idea December 17, (SIEN) Long 16%
Member’s trade idea December 15, (CSIQ Long 17%
Member’s trade idea December 4, (CENTA) short 12%
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SPY: The daily weekly and monthly charts are all presenting a bearish attitude. From the November high, the SPY has continued to post lower highs and lower closes, all signs that the sellers are in control. The weekly 23.6 Fibonacci projection puts price at the $198 area with a $195 gap fill target if the buyers can’t put together a complete reversal rally. We held our TZA long and our SBUX short over from last week, a great start to the 2016 year.
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Rick’s Featured Trade Ideas
SEDG/Long (Solar) SEDG has produced a 15-day T-Line™ run then flagged with a nice breakout yesterday. I am looking for an 18% swing trade.
SEDG/ Profits through education Dec 31
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
100 Long shares of LITE would have netted you $222.00
Member’s trade idea December 30, (WTW) Long working 9%
Member’s trade idea December 14, (LITE Long working 10.91%
Member’s trade idea December 16, (HPY) Long working $1024
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SPY: Although the SPY closed over the T-Line yesterday, price definitely struggled to break out over the bearish downtrend line. As we started 2015 almost one year ago, I’m sure every trader was thinking how price was going to leave 2015, 2015 would give us new highs and the Bulls would control the market. Well, here we are the end of the year, and the Bulls are trying desperately just to close over the 2014 close. What does this tell us? Well, since we are swing traders and trade from overnight to maybe 15 days, it really shouldn’t tell us a whole lot because here at Hit-And-Run Candlesticks, we follow the charts and we don’t predict. We use candlesticks and trend lines, chart patterns and price action. This is why we are so successful. We don’t try to predict what 2016 is going to be; we simply trade the chart. Our job is not to pick the bottom or pick the top; our job is to pull the sweet money out of the middle.
For everyone that traded with us this year, thank you. If you have a friend and would like to give them a gift, reach out and tell them about us.
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Rick’s Featured Trade Ideas
LITE/Long (Communication equipment) Also featured on December 14, recently had profit taking and a pull back to near the 20-day simple moving average with a Doji bottom and a Bullish Engulf. Price is now trying to break out into a J-Hook continuation pattern.
LITE/ Profits through education Dec 30
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $Members Only
Risk Reward 13:1 depending on entry/exit/stop
100 Long shares of ROVI would have netted you $555.00
Member’s trade idea September 30, (NVDA) Long working 41%
Member’s trade idea November 24, (ROVI) Long working 50%
Member’s trade idea December 15, (ENPH) Long working 110%
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SPY: After a slight pullback, the T-Line™ and a hammer triggered a gap closing above the big three, the 200 SMA and, more importantly, the lower high downtrend line of $205.75, which is the 50% line between the high and the low of the bearish “M” pattern. Over $205.75, we consider bullish.
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EVEP/Long (Energy) EVEP is in a Pinball setup, so trade EVEP using the Pinball strategy rules.
Education builds confidence for success!
EVEP/ Profits through education December 28
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 4:1 depending on entry/exit/stop
Recent Members‘ Trade Ideas
ROVI 43.53%
SIEN 16.54%
CSIQ 19.3%
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SPY: You can still see lower highs and lowers lows in the daily chart, and that keeps us on edge while the sellers keep the SPY from breaking out of the Lower High pattern. There continues to be long swing trades to be made, and, of course, short trades.
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Rick’s Featured Trade Ideas
From my family to yours, I would like to wish you a Wonderful Holiday!
We do have a member’s trade idea list for today and for the working days of this week; however, we will not be offering a featured trade idea until Monday, December 28.
100 Long shares of MCK would have netted you $390.00
Member’s trade idea December 22, (WFM) Long working $181.00
Member’s trade idea December 21, (MCK) Long working $390.00
Member’s trade idea December 15, (MNK) Long working $112.00
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SPY: The Bulls managed to take out some ground yesterday closing just under the T-Line™, and the buyers did manage to get through $202.90. The Bearish “M” pattern is still present,and the Bulls need to close over $205.772 to diminish the pattern.
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Rick’s Featured Trade Ideas
We do have a member’s trade idea list for today and for the working days of this week; however, we will not be offering a featured trade idea until Monday, December 28.
Members e-learning Tuesday night 8:00 PM Eastern
Presenters: Doug Campbell & Ed Carter
100 Short shares of CSIQ would have netted you $386.00
Member’s trade idea December 3, (ENPH) Long working 77%
Member’s trade idea December 10, (OHRP) Long working 33%
Member’s trade idea December 15, (CSIQ) Long working $386.00
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More
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Rick’s Featured Trade Ideas
We do have a member’s trade idea list for today and for the working days of this week; however, we will not be offering a featured trade idea until Monday, December 28.
Members e-learning Tuesday night 8:00 PM Eastern
100 Short shares of LGIH would have netted you $708.00
Member’s trade idea November 20, (PACB) Long working $220.00
Member’s trade idea November 9, (PRTA) Long working $200.00
Member’s trade idea December 4, (LGIH) Short working $708.00
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SPY: I see that the morning futures are up a little, but I do not think that it’s going to help the monster bearish engulf on the 2-day chart of the SPY or the bearish evening star that the monthly chart is trying to create. Last week, the Bears won the game bringing price back down to the December low, and there is now a bearish “h” pattern trying to pull the bearish “M” pattern down further.
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Rick’s Featured Trade Ideas
TZA/Long (Small-cap bear inverse ETF) TZA – After a bullish T-Line run, TZA broke out of a bullish “W” pattern, and after seeing a little profit taking this week, price pulled back below the T-Line into the 50-day simple moving average. Yesterday the buyers came in with a Bullish Engulf bouncing off the 50-day simple moving average and closing above the T-Line. Side note: I bought TZA yesterday at $45.20 and announced to all the members In the Trading Room.
TZA/ Profits through education Dec 18
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $
Risk Reward 7:1 depending on entry/exit/stop
100 Short shares of LGIH would have netted you $592.00
Member’s trade idea December 4, (LGIH) Short working $592.00
Member’s trade idea December 9, (PNR) Short working $304.00
Member’s trade idea November 18, (LVS) Short working $453.00
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SPY: The SPY ran into trouble yesterday at $204.48 closing down 1.52% creating a bearish engulf that completely negated Wednesday’s bullish Fed candle, closing below the T-Line™. Also closing back below the 50% mark of the high and low on the bearish “M” pattern suggests that the bears were not finished, and has the sellers pushing price back below the 34 EMA and the 200 SMA. Unless there’s a bullish change today, the sellers will push the T-Line back below the 34 EMA. This will cause me to be extremely bearish.
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