Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
GRUB Short |Evening Star| Bear Flag |
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.

Good Morning, Profit Traders,

Still signs of weakness in the market –  Friday was another ho-hum day in the market, and the bulls are just not in the party mood.  Going into this week I see no sign of price action that the SPY is ready to change its current direction, which has been down.  The overall chart pattern from August still has a Bearish read.  Last week ended up with a lower high keeping the downtrend resistance line intact.  The trading range in the SPY is $214.60 down to $210.60 and with a possible negative surprise to $209.10.   Above $214.60 would turn the market around.

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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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