Rick’s Featured Trade Ideas
LITE/Long (Communication equipment) LITE has consolidated for about 11 days and formed a bullish morning star signal Friday. Leading up to the consolidation, it was a very organized and strong T-Line™ run.
LITE/ Profits through education Dec 14
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $
Risk Reward 8:1 depending on entry/exit/stop
100 short shares of SUPN would have netted you $556.00
Member’s trade idea September 10, (SUPN) Short working $556.00
Member’s trade idea November 3, CASY Long working $1603.00
Member’s trade idea November 20, (NTES) long working $1331.00
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In Hit & Run Candlesticks profit-taking fashion, we closed out and profited on our SBUX, FB short Friday and our TZA long. We were in great company with many in the trading room doing the same. Long live the profits.
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Rick’s Featured Trade Ideas
Friday – a great day to take PROFITS!
I will be covering 14 possible trades (long & short) for members in the trading room this morning starting at 9:10 Eastern.
SPY: The bearish “M” pattern, a pattern to recognize. Over the past few weeks here at Hit & Run Candlesticks we have talked about the bearish “M” pattern and has offered caution many times in the trading room. This pattern is BEARISH and not a pattern to fool with.
It is been posted several times that the November 16 low is more than likely to be tested and if you are trading long you would need to take special precautions.
The weakness continues in the SPY with yesterday failing the T-Line™ strengthening the bearish “M” pattern. The current price action is still suggesting that we test the November 16 low or about $202.00. with a failure of the $202.00 area, $195.30 could be where we find price if the market is unhappy with the FED decissions. The T-Line™ continues to act as a downward trend line for the short-term swing traders, the T-Line™ is also likely to push through the 34 EMA today, that would suggest more weakness for the Bulls.
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Rick’s Featured Trade Ideas
ADPT/Short(Healthcare) ADPT – Continues to show weakness, now setting up for a bearish “h” pattern for a possible test of the recent low and a push lower. A failed attempt of the 34 EMA resulted in a shooting star-type candle with a long upper wick. The recent close below the T-Line™ is a clue for the short-term swing trader to climb aboard.
ADPT/ Profits through education Dec 10
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $58.90
Risk Reward 7:1 depending on entry/exit/stop
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Rick’s Featured Trade Ideas
GPN/Short (Business services) After the Doji Bearish engulf on volume, price has slid below the T-Line™ and the 20-day simple moving average on the daily chart currently forming a bear flag.
GPN/ Profits through education Dec 9
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $
Risk Reward 6:1 depending on entry/exit/stop
Buying 100 shares of VTL would have netted you $583.00
Member’s trade idea October 8, (VTL) Long working 126%
Member’s trade idea November 11, (CENTA) Long working 16%
Member’s trade idea October 2o, (FCS) long working 23%
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December 8, 2015 – I apologize there will not be a featured trade idea or morning comments, I will see you in the trading room at 9:10 AM
AFMD/Long (Healthcare biotechnology) AFMD has successfully constructed a rounded bottom breakout with a PBO. Two-1/2 months of constructing a bottom price has rallied up through the big three and has set itself up for a rally toward the 200-day simple moving average. Price action and the T-Line™ will tip you off to possible profits as well as when the chart is not working. The T-Line™ is a product of Rick Saddler and Hit&Run Candlesticks.
AFMD/ Profits through education Dec 7
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $
Risk Reward 6:1 depending on entry/exit/stop
Buying 100 shares of RLYP would have netted you $881.00
Member’s trade idea November 19, (RLYP) Long working 43%
Member’s trade idea August 11, (ULTA) Long working 10%
Member’s trade idea October 23, (FPRX) long working 34%
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Rick’s Featured Trade Ideas
SBUX/Short (Restaurants) SBUX – I shorted SBUX @ $60.30 yesterday because of the bearish “M” pattern, the close below the T-Line and the blue ice failure. On the weekly chart, we have a failed high, bearish evening star that has rolled over the T-Line. Below $57.15 we could see another 8% drop.
SBUX/ Profits through education Dec 4
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $
Risk Reward 11:1 depending on entry/exit/stop
Shorting 100 shares of ISLE you would have $398.00 so far
Member’s trade idea September 28, (ISLE) Short working 21%
Member’s trade idea September 23, (DYAX) Long working 40%
Member’s trade idea September 30, (MXL) long working 37%
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Rick’s Featured Trade Ideas
ASPS/Short (Business services) ASPS – The weekly chart it’s putting together an impressive bearish h pattern, working off of two lower highs and a Bearish engulf yesterday having trouble at the big three. The daily chart is looking like a head and shoulders Bearish chart pattern with a bearish big three squeeze.
ASPS/ Profits through education Dec 3
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $
Risk Reward 8:1 depending on entry/exit/stop
100 shares of NVDA you would have $863.00 so far
Member’s trade idea September 30, (NVDA) Long working 36%
Member’s trade idea July 29, (MEI) Long working 35%
Member’s trade idea October 29, (LSCC) long working 34%
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Rick’s Featured Trade Ideas
PAG/Long (Basic materials) PAG Is drawing a bullish bag after a four-day bullish run, finding support at a trio of moving averages. I believe PAH may test the October highs.
PAG/ Profits through education Dec 2
Possible entry plan idea: Buy box Members Only
Possible stop plan idea: Close below $
Risk Reward 4:1 depending on entry/exit/stop
If you bought 100 shares of ANGI you would have $456.00 so far
Member’s trade idea October 20, (ANGI) Long working 73%
Member’s trade idea October 5, (RYAM) Long working 71%
Member’s trade idea October 5, (LOCK) long working 70%
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Rick’s Featured Trade Ideas
TDC/Long (Technology data storage) TDC has consolidated along the bottom for the past four months, dropping to an extreme oversold low and then picked up with a big bullish engulf with a bullish T-Line run the past eight days, and yesterday it closed the gap between price and the T-Line™ with a two-day low and a bullish close to start forming a flag.
TDC/ Profits through education Dec 1
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Close below $
Risk Reward 10:1 depending on entry/exit/stop
If you bought 100 shares of AXON you would have $355.00 so far
Member’s trade idea November 4, (AXON) Long working 23%
Member’s trade idea November 25, (FLDM) Long working 10%
Member’s trade idea October 6, (WABI) long working 13%
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