Nervous Feeding Frenzy

The overall market is in a nervous feeding frenzy. In my personal experience, I have found this type of the market is the hardest of all to trade, (Choppy, weak up moves, stronger down moves). Until this changes, we will not be providing trade ideas before the market opens. We will point out long, and short trades live during the day. When a trade is suitable, we will post it on the website, email and through our APP for members.

Live Members Morning Prep starting at 8:45 AM Est. With Steve Risner and Rick Saddler at 9:10 am this morning. members morning briefing

Recently closed

VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% • QQQ 28% • QQQ 179% • TWTR 180% • VXX 375% VIPS 118% • WTW 21.9% •

Event Calendar

SPY • Sellers Control the Direction

Yesterday was another day where the sellers controlled price, hitting a new lower low and close in the past 15 bars. For whatever it is worth price has found the weekly 50-SMA. Maybe this is something the buyers can work with, price will only tell. As I look at the daily chart (SPY) for the market direction, I only need to consider what price is doing in relationship to the T-Line. Is price below the T-Line? Is price above the T-Line? Trading in the direction of the market increases your trading success, no one I know disputes that. From late January to now the chart pattern on the SPY is a sellers pattern, price is below the T-Line, no relief rally signal on yesterdays close. As of yesterday close being short or trading the Inverse ETF’s makes the most sense. Another choice is to remember “cash” is a position.

The VXX short-term futures

Price leads the T-Line higher indicating buyers are in control. The VXX chart is a good chart to watch and see the fear in the market. A simple rule of thumb, when price is above the T-Line (VXX) the market is choppy at best when price in below the T-Line (VXX) the market is happy and generally bullish.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

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Focus Trading Education

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning, Fibonacci, Stoch/RSI

To learn more about our trading tools join us in the trading room or consider Private Coaching.

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

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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