Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
PSG | Morning Star | Doji Continuation setup
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
CZZ Long, a classic J-Hook Breakout up 15.48% for our subscribers with a 2.73% move yesterday.
WAC Long, RBB pattern up 2.17% yesterday a total of 24.34% for HRC subscribers
NEM Short, 12.82% total for HRC subscribers
T-Line™ below the 34-ema (SPY) — The SPY found a little support .61 cents from one our deuce lines and closed above $212.39 (Septembers low). Until a close and support is established above $214.50, we will look at yesterday’s and today’s positive move as a relief rally. $215.50 is not a sign of total bullishness; it is merely the number that puts the SPY back in its sideways, go nowhere pattern.
Price and the T-Line™ are below the 34-ema, and the sellers have trend control. The weekly candlestick pattern in the SPY is still suggesting sellers have control and that $212.40 is very important.
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Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
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These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
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