Hostage – A person (goverment) seized or held as security for the fulfillment of a condition. Any more said and I would defiantly offend someone.

Last week we talked about how the weekly Dotted Deuce and the weekly 200-SMA were likely two target areas for price on the SPY. The Dotted Deuce came and gone while the 200-SMA tested Monday. There is simply not much to say; the market is currently trending down with no reversal pattern. Yes, we are oversold, but price has not caught on to that just yet. Maintain caution, protect your money, better days are ahead.

TC2000 T2122 Chart – The four weeks New High/Low Ratio has dropped lower into the oversold area and Stochastics is deep within the oversold area of the chart. On the weekly chart, the SPY has found the Dotted Duece, and the 200-SMA weekly is not to far below. Price and the T-Line are still leading the run down in both the daily and weekly charts. We have now pulled back to the 61.8 fibs measured from early 2017 to the 2018 highs. FYI I am just pointing out a few points I see on the charts, the questions we talk about in the trading room is what do we do with that information.

Long and Short Trade-Ideas

OSTK, TAHO, ABX, NEM, PVG, KDP, LLY, SCG are on our watchlist for a possible trade today or within the next few days. LLY is our featured short trade-idea today with a Bearish “h” pattern set up failing the 50-SMA. With a Stock Swing Trade of about 10% or more and an Options Trade of 30% or more. Members log in for more details. Past performance does not guarantee future results. Learn how to trade before you trade.

Trading Room Open House

Hit and RunCandlesticks and Right Way Options have opened our doors forthe holidays; this would be a great time to get to know us, ask a question aboutour service and put a few $$$ in your pocket. Trading Rooms #1 and #2 no password required –  https://hitandruncandlesticks.com/trading-rooms/

Yes, The Little Account Can!

For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.

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