Rick Swope

Rick Swope

Rick has presented in hundreds of seminars across the U.S. and around the world. His expertise covers technical analysis, market strategy and risk management. He is the principal author of the Amazon bestseller, Five Points for Trading Success (Wiley, 2007) and co-author of Trading By Numbers: Scoring Strategies for Every Market (Wiley, 2012).

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Pattern Alert: GLD and a Possible Short-term Bounce?

Last Friday, Gold fell to its lowest level since to under $1,200, which is what it costs many miners to produce an ounce of gold.  Today’s Pattern Alert looks at the SPDR Gold ETF – ticker symbol GLD. Friday’s low of 114.68 on GLD followed two significant gap downs in the share price.  The most [...]

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Introduction to Weekly Options

Weeklys options volume has risen dramatically over the past few months.  Weeklys options are available on the major indexes, ETF’s and many individual stocks.  Watch Rick Swope and Shawn Howell as they give a brief explanation showing how Weekly options work, when they are added and why an investor or trader might buy or sell [...]

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QQQ’s Lack Enthusiasm, Reversal Time?

While the SPY and DIA have been getting all the press for pushing new highs, the more interesting study recently has been the QQQs. The NASDAQ 100 caught our attention very early in the year when it appeared that traders had abandoned the QQQs almost entirely. What we’re referring to was the remarkable lack of [...]

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A Head and Shoulders Reversal in the QQQ’s

Some chart patterns only require a few data points to develop and, therefore, they are actually quite common. A good example is the Shooting Star candle pattern. We need only an initial uptrend followed by the Shooting Star candle itself and finally the confirmation day after the Shooting Star. It’s possible to see all that [...]

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A Head and Shoulders Reversal in the QQQ’s

Some chart patterns only require a few data points to develop and, therefore, they are actually quite common. A good example is the Shooting Star candle pattern. We need only an initial uptrend followed by the Shooting Star candle itself and finally the confirmation day after the Shooting Star. It’s possible to see all that [...]

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Weekly Options on Apple Earnings

A lot of traders either sit on the sidelines during earnings season or they jump in a ride the big waves. If you’re going to trade earnings, here’s an idea you might not have considered. Instead of buying stocks outright, you can buy an option that acts a lot like the stock. In this case, [...]

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Reverse Cup-and-Handle on SWK

The Cup-and-Handle price pattern is a popular bullish signal that develops over a longer time frame than many simpler patterns. In this week’s real-time technical analysis example, we’re going to review a Reverse Cup-and-Handle. As you might expect, this is a bearish signal if the pattern completes.