Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
RT Long | RBB | Bullish Engulf | Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
From a bull’s eye: The buyers ran into our $216.10 resistance line and found that area a good place to take a break closing with a doji. Today we will likely see a bullish pullback as long as the pullback stays above the $214.55 support area.
The following ETF’s have broken out probably a little too far to chase; waiting for a pullback would be wise: Financial spider XLF, industrial spider XLI, transportation spider IYT, materials spider XLB. XLE energy spider is setting up for a possible break out in a run, and consumer discretionary XLY closed with a doji continuation pattern yesterday.
A quote from Rick Saddler, one of 5 speakers:
– Knowing how to find charts that have double-digit profit potential is a good idea for the serious trader.
– Knowing what offers more profits, “Price Action or Price Patterns” is a way to boost your profits.
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Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
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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