Starting to See Choppiness
Ya, it’s Friday, a good day to count your loot! We are starting to see choppiness in the market, and some may find it a bit harder to make money. Personally, I have found if I stick to the rules and don’t over trade, I will come out ahead. For those that may be wondering. Yes, some weeks are better others. This past week the HRC and RWO members have racked in some nice cash with a few losses, overall a nice positive week.
Sence the September 25th pullback here is what some of the feedback I have received; (Swings within the runs were profit, not the entire run) CRC 56% winner on this last run • TEAM 52% run • 49% run on TEAM • KBH 34% run ZYNE 95% run
Good Trading – Hit and Run Candlesticks
► Trade Idea Update (ZYNE
You could have profited more than 33% or about $291, with 100 shares when we posted to our members on October 3rd.
If you are interested in learning how to end the week with a profit that could change your life simply start a membership and learn what we have to share. – Yes I want the winning trades
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► Eyes On The Market
The close Wednesday had no sign of weakness, but the overnight sellers put their heads together and came up with a plan. Thursday we saw a gap down that the Bulls were able to control by the end of the day and formed a Hammer. The SPY closed back above the lower purple T-Line and the V-Stop…Good for the Bulls! The Hourly chart is still showing a sellers pattern, with a trendline break, Bearish “h” pattern and lower highs. Important note the transports (IYT) is still Bearish and headed for the 200-SMA, the question is can the 200-SMA catch and support price? Caution • Caution • Caution
Rick’s trade ideas for the day – MEMBERS ONLY
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Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.
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