Recent Articles by Ricky Wen

Market Analysis for Sep 14th, 2021

Very important area coming up. (Potential Climax, wait and see)2021 YTD SP 500 never lost the 50 day moving average on any pullback.Now, 8th time coincides with 61.8% retracementI'm expecting more of the same sticksave, rather than something new (continued drop). See if we get a climax soon to support our view.Also, NQ still unwilling to go down much, very controlled pullback into daily 20EMA + 38.2%. Relatively strong compared to ES.
by Ricky Wen - 5 days ago

Now Backtesting Daily 20EMA…Same Old Or Something New?

Price topped at 4549.5 on the Emini S&P 500 (ES) with a multi-low at 4446.5, so we outperformed the market while away last week with our prudently hedged portfolio.
by Ricky Wen - 6 days ago

Market Analysis for Sep 10th, 2021

Gummy bears again or finally a surprise?📣 Just quick observations (I'm not here, but still outperforming):If you recall, we took short-term profits at last week's high (ES+RTY) and hedged our tech heavy stocks portfolio (NQ)Not many surprises as market is churning in early Sept, decent little pullback on the indices into their respective trending supports over the past few days SP seasonality looking for a pump into mid-Sept. Now, 4492 ESU21 (Sept) or ES 4482 (ESZ21 Dec contract). NQ still stuck between 15500s-15600s, high level consolidation doing well.Currently, seeing decent short-term risk vs reward for ES longs...vs daily 20EMA area. Targets back to 4515/4530. Must hold this week's current low or likely wrong/more downside.
by Ricky Wen - 1 week ago

Market Analysis for Aug 31st, 2021

Lessons from a Trader/Risk Manager -Bookmark ThisTrading is a repetitive + rigorous process➰The current education system and social climate has institutionalized distractions, excessive dopamine addictions as normalityMany of you don't have what it takes to win in the markets so you need to break the cycle, day by day🏆1. Figure out what type of system you are trading first: trend following, countertrend, mean reversion, systematic vs discretionary, algo...etc2. Create a gameplan everyday with clear and actionable parameters, then execute accordingly3. Boil it down to the simplest concepts + levels when you approach the markets, eliminate as many variables as possible that cluster your decision making.
by Ricky Wen - 2 weeks ago

Market Analysis for Aug 30th, 2021

E-mini SP 500 Futures: Keep It Simple Stupid – Prescient and Actionable, New ATHs into Month EndCopying and pasting a section from our ES trade alert room’s premarket gameplan report. FYI, the ES trade room provides real-time entries and exits with pre-determined stoploss and target levels alongside with real-time lessons on strategy/risk management/psychology/momentum. We specialize in quick intraday alpha setups and short-term swings with duration of 2-5 days and occasional 10-15 sessions holding period (some key levels + strategies have been redacted for fairness to subscribers). In addition, we share bonus setups across commodities such as GC/GOLD,CL/Crude oil, PL/platinum,ZS/soybeans and individual stocks from time to time in order to generate more alpha/outperform.
by Ricky Wen - 2 weeks ago

Ready To Ramp Again

The past 6 quick corrections have all held the 50-day area and then subsequently made new highs.
by Ricky Wen - 3 weeks ago

Market Analysis for Aug 16th, 2021

ES + NQMorning dip was bought around the lows as we had demonstrated in real-time vs the key support level. (see below)Now, the biggest concern is that it's a boring afternoon stuck in an intraday triangle until the next real move begins.Mostly done for this morning, good luck comrades.
by Ricky Wen - 1 month ago

Market Analysis for Aug 16th, 2021

E-mini SP 500 Futures: Keep It Simple Stupid – Likely Slow and Steady Grind Until Jackson HoleCopying and pasting a section from our ES trade alert room’s premarket gameplan report. FYI, the ES trade room provides real-time entries and exits with pre-determined stoploss and target levels alongside with real-time lessons on strategy/risk management/psychology/momentum. We specialize in quick intraday alpha setups and short-term swings with duration of 2-5 days and occasional 10-15 sessions holding period (some key levels + strategies have been redacted for fairness to subscribers). In addition, we share bonus setups across commodities such as GC/GOLD,CL/Crude oil, PL/platinum,ZS/soybeans and individual stocks from time to time in order to generate more alpha/outperform.
by Ricky Wen - 1 month ago

Market Analysis for Aug 12th, 2021

Marketing 101...great Summer day, fishermen done by 11am👇  1. If you're a short-term trader...feel free to learn from prescient and actionable executions (samples below)2. If you operate portfolio approach, we got that covered as well with bonus setups; best in breed stock picks + commodities 3.
by Ricky Wen - 1 month ago

Lazy River Grind Up

Yesterday was another consolidation day, where the Emini S&P 500 (ES) attempted the 4435 key level breakout, but could not sustain.
by Ricky Wen - 1 month ago

Market Analysis for Aug 10th, 2021

Friendly reminder, enjoy some more actionable and timely setups 👇AMD- this is a good spot to add back partial longs given the R/RIf you recall, whatever sizing we took profits at last week's high of $118-119 when it reached our target. Last scale was +35% on partial.Now, $105. Likely dead wrong if goes below $98 so manage your size properly.ADSK- scale out more profits here at $329-330, rubber band getting a little stretched so being careful in case it quickly backtests into daily 20EMA 316-320. Personally, holding 50% longs left. Initially shared in this room at $296 on July 20th. Now, 330. +11% on last partialContext: https://www.elliottwavetrader.
by Ricky Wen - 1 month ago

Market Analysis for Jul 29th, 2021

Market Updates + Upcoming ScheduleNo big surprises yet with the grind up action, ES price action has followed Ricky's proprietary projections since Monday's KISS report.ES dipped into the 4365-4375 support region and now hovering at 4420 weekly highs region, getting ready the acceleration/breakout into 4480-4450 targets. Raise stops, ride train till da music stops, rinse and repeat.Heading into Friday, it's one of the most bullish days given this year's stats. Scale out short-term profits accordingly, level by level approach. Know your timeframesThen, we need to a little more careful because of weak seasonality stats in August for SP 500.Bonus: rotations into RTY remain very bullish. Shared a freebie in the main room.
by Ricky Wen - 1 month ago

Market Analysis for Jul 28th, 2021

Some more freebies before I go offline/vacay👇Keep eyes on these sectors XLF+XLB and do some homework...setting up for another upside acceleration into ATHs1~2 month of digestion so far. Getting tight...and ready to uncoil. Level by level approachXLF line in sand = last week's low 34.90s. Now, 36.48~. Prior ATH = 38.6~XLB line in sand = last week's low 78.60s. Now, 82.85~. Prior ATH = 89.
by Ricky Wen - 1 month ago

Another Set of Higher Lows Setting Up Bulls

Digestion inside this 4420s-4375s zone on the Emini S&P 500 (ES) was expected in order to ramp towards 4480-4450 at a later date.
by Ricky Wen - 1 month ago

Market Analysis for Jul 27th, 2021

Bigger picture wise..the general theme was for megacaps to explode higher this Summer (we got exactly that...now they are at risk of a turn which translates to equity indices at risk)AAPL AMZN GOOGL MSFT FB all hit my respective targets (+15-20% quick gains and more) for this Summer Now, sitting at multi-month channel highs going into earnings. Risk vs reward is not very optimal for bulls here going into ER.
by Ricky Wen - 1 month ago

Market Analysis for Jul 26th, 2021

E-mini SP 500 Futures: Keep It Simple Stupid – Zero Surprises, Weekly Fulfilled 4400 TargetCopying and pasting a section from our ES trade alert room’s premarket gameplan report. FYI, the ES trade room provides real-time entries and exits with pre-determined stoploss and target levels alongside with real-time lessons on strategy/risk management/psychology/momentum. We specialize in quick intraday alpha setups and short-term swings with duration of 2-5 days and occasional 10-15 sessions holding period (some key levels + strategies have been redacted for fairness to subscribers). In addition, we share bonus setups across commodities such as GC/GOLD,CL/Crude oil, PL/platinum,ZS/soybeans and individual stocks from time to time in order to generate more alpha/outperform.
by Ricky Wen - 1 month ago

Market Analysis for Jul 22nd, 2021

Are you learning from my free bonuses? Prescient and actionable. RTY sticksaved vs 2185. Now, 2203.
by Ricky Wen - 1 month ago

Market Analysis for Jul 22nd, 2021

Quick reminder on market environment+context, evaluating and picking best in breed individual namesI typically like to keep 25-50s names on a watchlist and then concentrate bets on a selective few 8-15 names. Personally, I stick with megacaps+large caps + selective growth names (strong moat, strong numbers, strong growth and typically companies that I understand on a very basic level)The market takes turn doing rotations, nothing goes linear up all the time. Push-pull factors, 3 steps up, 1 step down, 3 steps up, 1 steps down, 3 steps up...rinse and repeat.Typically, if you have more names then 20-25~ in a portfolio where you ACTIVELY manage (not long term, buy and hold)...
by Ricky Wen - 1 month ago

Market Analysis for Jul 22nd, 2021

SEnew ATHs. Mentioned again a couple days ago.Very powerful consolidation breakout setup. Expecting at least another+10-12% ramp into earnings. (late August, lots of time left)Now, $297~, roughly +9% from our entry point of $271~Upgrade line in sand/must hold = $260 (current week's low)July 20: https://www.elliottwavetrader.net/trading-room/thread/7115285June 10: https://www.elliottwavetrader.
by Ricky Wen - 1 month ago

Market Analysis for Jul 20th, 2021

Rotations rotations...Mentioned ROL, VRSK, DOCU, ILMN, SE, REGN, VRSNpreviously. Doing well on their daily +weekly breakout formationNew candidates: ADSK + CTAS looks ready to ripe another +10-15%. Line in sand should be this week's low.Manage risk accordingly, lots of earnings coming up.
by Ricky Wen - 1 month ago

Market Analysis for Jul 16th, 2021

Weekend is a good time to evaluate your buy+sell rules...ask yourself, did you execute what your system said?We mostly followed this week's plan, took profits on a few megacap+large cap positions that we've been riding for a few weeks-months now, eg. $AAPL $ADBE $AMZN $PYPL $TSLA $NVDA $AMD $SE $NFLX $TSLA..etcRaised cash and waiting for a potential short-term resetManage risk...it's the only thing we can control in terms of outcomes.
by Ricky Wen - 2 months ago

Market Analysis for Jul 14th, 2021

E-mini SP 500 Futures: Keep It Simple Stupid –Immediate Supports Holding Strongly For NowCopying and pasting a section from our ES trade alert room’s premarket gameplan report. FYI, the ES trade room provides real-time entries and exits with pre-determined stoploss and target levels alongside with real-time lessons on strategy/risk management/psychology/momentum. We specialize in quick intraday alpha setups and short-term swings with duration of 2-5 days and occasional 10-15 sessions holding period (some key levels + strategies have been redacted for fairness to subscribers)Tuesday closed at 4359 around the low of the session, but still above our 4341/4350 key immediate supports.
by Ricky Wen - 2 months ago

Market Analysis for Jul 13th, 2021

Daily closes across the equity indices. Some signs of exhaustion. Very important day tomorrow, more of the same/grind up or a stampede for the exits.
by Ricky Wen - 2 months ago

Market Analysis for Jul 9th, 2021

Sharing some of Ricky's Best In Breed Setups (ongoing performance + LIS) with educational links belowNVDA + 24%ADBE 12%AMZN +11%PYPL +11%REGN +8%SE  +1.9%VRSN +5%AAPL +12%AMD +6%NFLX + 4%No big surprises on the recent Nasdaq performance because this type of flows rotation into NQ/tech/megacaps/large caps in general was expected as the setups told us over the past several weeks/months before the acceleration move. In general, tech was expected to lead with outperformance/easier to generate alpha due to the context/setup/stats/seasonality as it offered a great way to get more exposure into the USA markets. The risk to reward was very attractive at the time.
by Ricky Wen - 2 months ago

Decent Start To A Quick Reset.

We’re expecting today's sell-off in the Emini S&P 500 (ES) to be a 2-3 day dip event to become buyable again.
by Ricky Wen - 2 months ago