Flirting with the Rounded Bottom Breakout Strategy

MTW has been flirting with the Rounded Bottom Breakout strategy for the past few weeks. MTW gapped over the 50-SMA on June 6^th  and had held up pretty well walking the 50-SMA. The base it has been constructing and the strong price action Friday is suggesting the buyers are trying to push MTW higher. By following the RBB rules and strategy, we could see a 20% stock profit.

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SPY and Wall of Worry

Last week the SPY was able to climb the wall of worry by 1.5% stopping at the gate that has kept the bull pinned up three other times. The buyers have had trouble this year breaking through the $280.15 gate. If the buyers didn’t find a way to get through the gate they may have to 3back off to about $277.15 under $275.50, I would be a little concerned that the bear is attacking the bull.

VXX – As long as the price stays below the T-Line we have no worries, above the T-Line we worry.

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This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do. –Jonathan Bolnick

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Past performance is not indicative of future returns

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020 or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

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