One close and three new buys on Friday. Friday we closed QCOM to cut a little risk and bought INTC, OXY, and VXX. INTC has produced and little Continuation pattern that closed bullish just above the green band. OXY had a sweet flag pullback, above Thursdays Doji, we entered. With bullish follow-through over the next few days, OXY will become an (RBB) set up. VXX failed to push lower, and we saw signs of buyers, took the enter a little less than mid-candle Friday. This week is another heavy week of earnings; we expect earnings to stay relatively flat and expected. And with the current candle pattern in the VXX chart, we may see a run to the 34-EMA or 50-SMA if the buyers can continue with the current construction. Other charts we are holding BABA, CPB, F, and X.

Pre-Market Thoughts

Well, Friday ended interesting after a good exciting morning, after the bullish gap the sellers started to peel back the skin of the buyers and the sellers made them say Bearish Engulf. If the buyers can not keep us above $296.70, I think the sellers will continue to peel to the $294.80 area with the possibility of $293.00 (about the 50-SMA). We should also mention the $290.80 area below the 50-SMA. The VXX failed to push lower, and we saw signs of buyers Friday with the construction of a Fig Newton candle pattern. This week is another heavy week of earnings; we expect earnings to stay relatively flat and expected. And with the current candle pattern in the VXX chart, we may see a run to the 34-EMA or 50-SMA if the buyers can continue with the current pattern construction.

😊 Have a great trading day – Rick

Trade-Ideas

✅ For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for the QEP → (QEP) Quality Entry Patterns). AKS, BBY, BA, CVS, OXY, HPQ, AGN, MDR, CVE  Check Earnings!

🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

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