Low-Volume Rally

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Although it was nice to get a relief rally yesterday, the low-volume move was likely more short covering than actual buying.  Sadly, the big point rally did little to nothing in repairing the technical damage in the index charts.  So today, we will turn our attention back to the rising inflation and the ugly impacts for the consumers as the national average price of gasoline rises to $4.31, up from $4.17 just one day ago.  Plan for some wild price volatility as traders react to the CPI number revealed before the bell. 

Asian markets followed the U.S. markets with a sharp overnight rally, with the Nikkei leading the way, rising 3.94%.  Unfortunately, the relief rally may be short-lived, with European markets decidedly bearish this morning.  U.S. futures also point to a nasty gap down as we wait on the CPI numbers. 

Economic Calendar

Earnings Calendar

We have more than 250 companies listed on the Thursday earnings calendar, but a large number of them are unconfirmed.  Notable reports include ORCL, RIVN, ACRX, BZUN, BLNK, DLTH, LOCO, AG, GCO, HGBL, JD, LZ, MLNK, NEON, PSTL, RRGB, TLYS, UTLA WPM, & ZUMZ.

News & Technicals’

Russia – Ukraine fails to reach a cease-fire deal, sending U.S. futures lower and Wednesday’s substantial gains.  Brent crude futures were up $3.10, or 2.8%, at $114.24 a barrel at 0419 GMT after trading in a more than $5 range.  In nearly two years, the benchmark contract slumped 13% in the previous session in its biggest one-day drop.  U.S. West Texas Intermediate (WTI) crude futures were up $1.58, or 1.5%, at $110.28 a barrel, after trading in a more than $4 range.  The contract had tumbled 12.5% in the most significant daily decline in the previous session since November.  On Thursday, Bitcoin and other cryptocurrencies fell as some of the initial excitement around U.S. President Joe Biden’s executive order on digital assets faded.  Bitcoin was down more than 6% at $39,086 at 3:38 a.m.  ET on Thursday, according to data from CoinDesk.  Some high-profile cryptocurrency industry players praised the president’s executive order, while others called the move “defensive.”  Amazon’s 20-to-1 split makes it more palatable to the price-weighted Dow Industrials.  Perhaps the Dow index committee may consider giving Walgreens the boot from the index as that company reevaluates its Boots unit.  On top of Amazon and Alphabet, which had its 20-to-1 split back in February, Nvidia could also be waiting in the wings.  According to Dow Jones, economists expect consumer inflation will hit a new 40-year high of 7.8%.  The consumer price index is the last big inflation release before the Federal Reserve meets next Tuesday and Wednesday.  CPI was expected to peak in March, but now economists say it could do so later in the spring, depending on what happens with oil prices.  Treasury yields declined slightly in early Thursday trading, with the 10-year slightly lower at 1.9270% and the 30-year dipping to 2.3022%.

With a sizeable overnight gap and a  low-volume move, the indexes managed to trigger a short-covering squeeze pushing the indexes up to test overhead resistance.  Although the rally relieved the recient selling pressure, it, unfortunately, did nothing to improve the overall bearish technical picture of the indexes.  Helping the rally was the commodity selling, but I fear that will be very short-lived with the pending CPI number before the bell today.  Though bent crude declined, the average national price of gasoline moved higher to $4.31 a gallon.  Some areas of California are approaching $8.00 a gallon while diesel prices around the county top $5.00 a gallon.  The rapidly rising prices create long lines at stations as consumers rush to fill their tanks before the subsequent price increase.  So buckle up for another round of volatility as the market comes to grip with the rising inflation and the massive impacts to the consumer. 

Trade Wisely,

Doug

AMZN Split and CPI Lead The Market News

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Markets made a massive gap higher (2% to 2.5%) Wednesday after commodity prices began to fall the previous night.  However, the rest of the day was a roller-coaster ride with a slightly bullish trend.  This resulted in the best day since the recovery from the Covid Crash (June 2020).  We were left with a Spinning Top in the SPY, a Doji in the DIA, and a white candle with larger wicks on both ends in the QQQ.  All 3 of the indices did test, but none of them was able to break through, their T-line by day end.  On the day, SPY gained 2.66%, DIA gained 2.10%, and QQQ gained 3.60%.  The VXX fell 4% to 27.03 and T2122 rose to just outside the overbought territory at 79.41.  10-year bond yields spiked to 1.943% and Oil (WTI) took a tremendous beating (down 13% at one point before rallying), closing down 10.54% to $110.66/barrel.  Wheat also fell more than 6.5% on the day.

After the close, AMZN announced a 20-for-1 stock split for owners of record on May 27 (effective June 3, 2022).  In addition, the company announced a $10 billion stock buyback program, which replaces the current $5 billion buyback program.  The stock spiked over 13.5% on the news during post-market trading. Also after the close, LU, FNV, KRO, and CRWD all reported beats on both lines.  However, BEKE missed on earnings while beating on revenue.

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Overnight, the House passed a bipartisan $1.5 trillion omnibus spending bill (including $13.6 billion for Ukraine) Wednesday evening.  Covid-19 Relief spending was stripped out to avoid contention and make it easier to get to 60 votes in the Senate.  The Senate will take up the bill today and it needs to be passed by Friday to avoid a government shutdown.

Related to Oil prices, US Energy Sec. Granholm called on US oil and gas companies to increase production.  However, many oil industry officials at the conference expressed reluctance to add even more capacity.  The executives noted that the White House had also asked OPEC to increase output. (On that front, the UAE openly called Wednesday for OPEC to increase production to replace any Russian oil that is banned by the West.)  So, US companies fear the cost and long-term nature of adding US capacity when it is possible that supply may have overcome the current deficit by the time that output was online (i.e. prices may have come back down).  There was also an unstated concern about US government policies intended to promote competing “green” alternatives to oil and gas. Those concerns aside, US producers have already increased US output by a million barrels per day this year. 

On the Russian invasion story, CAT and DE joined the chorus of companies that have suspended sales and business operations to Russia.  MCD clarified that their closure of 850 restaurants in Russia will cost them $50 million per month. Meanwhile, Russia has escalated the bombardment of surrounded cities.  In Mariupol, they bombed a children’s hospital as well as the civilian evacuation corridor, killing several people.  Russian Foreign Minister Lavrov also claimed they have found an alternative buyer for oil and gas that is now being sold to Europe.

Overnight, the Asian markets were strongly green across the board.  Japan (+3.94%), Taiwan (+2.46%), and Shenzhen (+2.18%) led the way higher.  However, in Europe, stocks are mostly red (with the exceptions of Norway (+0.14%) and Finland (+0.22%)) at mid-day.  The FTSE (-1.30%), DAX (-3.10%), and CAC (-2.43%) are leading the way lower in early afternoon trading.  As of 7:30 am, US Futures are pointing toward a gap lower at the bell.  The DIA implies a -0.89% open, the SPY is implying a -0.89% open, and the QQQ implies a -1.31% open at this hour.  10-year bond yields are up to 1.953% and Oil (WTI) has spiked another 4.35% to $113.40/barrel in early trading.

The major economic news scheduled for release on Thursday is limited to February CPI and Weekly Initial Jobless Claims (both at 8:30 am) and Feb. Federal Budget Balance (2 pm).  The major earnings reports scheduled for release before the open are limited to BZUN, CLVT, GCO, and JD.  Then after the close DOCU, ORCL, and ULTA report.   

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Volatility remains king as it appears we will see a significant gap down at the open. However, there is CPI data before the open and that may change things. The question is whether hot CPI data will lead to more fear when a rate hike next week is already assumed to be a certainty. Regardless of how we open, be wary of intraday swings and be very cautious. So, if you are trading, trade small, be nimble, and be prepared to accept volatility-caused pain.

Trading is a marathon, not a sprint. So, ask yourself whether you have an edge in this sort of volatility. If not, sitting on your hands may be the best move you could make. Remember that you don’t have to trade every day (or even week) and you definitely don’t need to chase gaps and moves. So, stick to your trading rules and manage the things that you can control. Trade with the trend, don’t chase, keep consistently taking profits when you have them, and move your stops in your favor. The first rule of making money in the market is to not lose big money in the market. So, don’t be stubborn, and protect yourself from yourself. If you are wrong, just admit it and take your loss. (That’s why we set stops in the first place.)

Ed

Swing Trade Ideas for your consideration and watchlist: OPCH, OXY, WU, OLED, PENN, RKT, KO, ENPH, BCC, UPST, HPQ, BLNK, PLUG, NET, RUN, FSLR. You can find Rick’s review of tickers on his YouTube Channel here. Trade your plan, take profits along the way, and smart. Also, remember to check for impending earnings reports. Finally, remember that any tickers we mention and talk about in the trading room are not recommendations to buy or sell.

TC2000 Discount

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

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.

Free YouTube Education  •  Subscription Plans • Private 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

U.S. Embargo of Russian Oil

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The U.S. embargo of Russian oil spiked prices, pushing the national average of gasoline to $4.17 a gallon.  However, with the CPI just around the corner, U.S. futures suggest a considerable gap up pressing short traders and likely inspiring the fear of missing out in retail traders.  So before you jump emotionally, consider the risk carefully and remember the big point whipsaws of late.  There is no doubt we all want some relief in the selling but chasing a big gap at the open only adds tremendous risk.  So plan your next move bucause carefully; in truth, nothing has changed, and the uncertainty of the path forward continues.

Overnight Asian markets traded mostly lower as the threat of global recession raises its ugly head.   However, European markets are green across the board this morning, with the DAX and CAC spiking up more than 4%.  U.S. futures also point to a significant gap up at the open, trying to shake off the consumer demand destruction, high energy prices, and inflation uncertainties. 

Economic Calendar

Earnings Calendar

We have nearly 150 companies listed on the earnings calendar, but there is a good number of unconfirmed.  Notable reports include ACOR, ADDYY, AMPY, BGSF, CVGW, CPB, PLCE, EXPR, FOSL, KFY, MQ, LCUT, NGMS, OTLY, REVG, THO, VRA, VERX, VIVHY, & ZIM.

News & Technicals’

If Russia retaliates by refusing to supply Europe with oil, that could “easily” send oil prices another $20 to $30 per barrel, said Andy Lipow, president of Lipow Oil Associates president.  “My greatest fear is that these prices have risen so fast that you cause a recession in Europe and Latin America that rolls on into the United States that ultimately affects China’s ability to sell consumer goods to the rest of the world,” he told CNBC’s “Squawk Box Asia” on Wednesday.  A complete ban on Russian energy imports in all significant consuming countries would “severely reduce and disrupt energy supply” and prices could soar further into “uncharted territory,” wrote Caroline Bain, chief commodities economist at Capital Economics.  A Chinese state-sponsored hacking group successfully compromised the computer networks of at least six U.S. state governments, according to research published by Mandiant.  APT41, which Mandiant claims carries out state-sponsored espionage on behalf of China, took advantage of software flaws and quickly exploited security vulnerabilities made public by researchers.  Mandiant said Tuesday that APT41 appeared to be “undeterred” by the indictment and its goals remain “unknown.”  For China, the speed and severity with which the U.S. and its allies sanctioned Russia is a warning sign that could guide future economic and foreign policy.  “This is a very multilateral moment,” said Reva Goujon, senior manager for the China corporate advisory team at Rhodium Group.  Beijing has refused to call Russia’s attack on Ukraine an invasion.  Instead, China has focused on promoting negotiations between Russia and Ukraine, and it opposes the economic measures that have been taken against Russia.  Treasury yields moved slightly higher in early Wednesday trading, with the 10-year up to 1.8992% and the 30-year pricing at 2.2622%.

Yesterday proved to be another rough day, with oil prices rising sharply after the U.S. embargo of Russian oil.  As a result, the National average gas prices spiked to $4.17 per gallon, pressuring an already stretched consumer and fanning the flames of inflation.  However, with a worrisome CPI number just around the corner, the U.S. futures point to a substantial overnight gap up, with Brent crude prices pulling back to $123.00 a barrel at the time of this report.  That said, the U.S. consumer can expect much higher energy prices going forward unless the administration restores domestic production.  Sadly this big gap puts the retail trader at high risk of an intraday whipsaw if they chase the gap while also being left behind if this is the beginning of a relief rally.  So pay close attention to overhead resistance for entrenched bears and keep in mind that nothing has changed.  The war is still in progress, inflation is impacting consumer habits, inflation is rising with the rapidly increasing food and energy prices, and the indexes remain in a downtrend.  Don’t allow the emotion of the day or the fear of missing out to dictate your trading decisions, as that will often take money right out of your accounts!

Trade Wisely,

Doug

Commodities Ease, Bulls Look to Make Hay

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The volatility train kept rolling Tuesday with premarkets falling back to nominally flat opens that were followed by an all-day roller-coaster.  We closed on a downswing.  This gave us huge, high-wick, inverted hammer (I don’t believe those are bullish) type candles in the SPY and DIA.  Meanwhile, the QQQ printed a black, long-legged Doji.  All 3 major indices are close to challenging the breakout of their “dreaded-h” patterns.  On the day, SPY lost 0.74%, DIA lost 0.58%, and QQQ lost 0.46%.  The VXX was down 1% to 28.15 and T2122 remains in the low end of the midrange at 29.12.  10-year bond yields rose to 1.852% and Oil (WTI) spiked almost 4.5% to $124.75/barrel.

The Russian invasion and sanctions continue to be the story driving markets.  MCD stock took a big hit (almost 5%) Monday as it was noted over the weekend that MCD has a larger footprint in Russia than other fast-food chains.  After the close, Russia threatened to stop gas flows to Europe and said the world will see $300 Oil if the WOn the Russian invasion and sanctions front, MCD and SBUX both announced they are closing all Russian locations (MCD has 850) until further notice.  KO followed suit by also suspending business in Russia.  PEP announced they have suspended soda sales, but will continue to sell snacks and other products to Russia.  President Biden also announced a ban on the import of Russian Oil/Gas and the UK announced they will be completely out of Russian oil by the end of this year.  Then overnight, commodity prices fell as traders at least temporarily came to the conclusion the initial reaction (such as a 350% spike in Nickel prices) was an over-reaction.

SNAP Case Study | Actual Trade

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AAPL had a blasé product announcement event Tuesday.  The company unexpectedly raised the price of their replacement entry-level iPhone SE by 7.5% (to $429 from $399), showing that they are not concerned about gaining market share in the mid-range phone market (the one phone segment AAPL lags far behind).  Other announcements were as expected, with new iPhone colors, a new iPad, a faster Mac, and a 27” display, all of which are priced at the extreme end of those product categories relative to competitors.

Overnight, President Biden issued an executive order on cryptocurrencies.  The order basically sets up a framework for regulating cryptocurrencies to protect consumers, businesses, and investors while mitigating systemic risk.  He also directed the government to explore the technology and capacity needs for a potential Central Bank Digital Currency (such as China now has).  While critics immediately said they fear the move will make the US fall behind other countries due to the regulation, others such as exchange managers say it is a constructive approach.  In either case, Bitcoin spiked 8% on the news as markets love the removal of uncertainty.

After the close, CASY, ABM, and SFIX all beat on both lines.  However, SFIX shares plummeted after the company announced that it is slashing forecasts for the full year.  So far this morning, ZIM, THO, KFY, and REVG have all reported beats on both lines.  However, ADDYY, CPB, and DSEY all reported beats on earnings while missing on revenue.

Overnight, the Asian markets were mixed but leaned slightly green.  Shanghai (-1.13%), Shenzhen (-1.12%), and South Korea (-1.09%) paced the losers with India (+2.07%), Thailand (+1.52%), and Singapore (+1.48%) leading the more plentiful gainers.  In Europe, stocks are mostly (and strongly) green at mid-day.  The FTSE (+1.35%) lags with the DAX (+4.50%) and CAC (+4.53%) leading most of the rest in a bull charge.  Only Norway and Denmark see any red and they are only fractionally down.  As of 7:30 am, US Futures are pointing toward a strong gap higher.  The DIA implies a +1.44% open, the SPY is implying a +1.58% open, and the QQQ implies a +1.98% open at this hour.  10-year bond yields are up to 1.91% and Oil (WTI) is down 2.26% to $120.87 in early trading.

The major economic news scheduled for release on Wednesday is limited to January JOLTS (10 am), Crude Oil Inventories (10:30 am), and the WASDE report (noon).  The major earnings reports scheduled for release before the open are limited to ADDYY, CPB, PLCE, DSEY, KFY, REVG, THO, UNFI, and ZIM.  Then after the close SID, BEKE, LU, and NTCO report.  

LTA Scanning Software

Once again, volatility is king as it appears we will see a significant gap at the open. However, Russian bombing of Ukrainian cities is picking up pace as it now appears the Russian strategy is to reduce the major cities to rubble before entering. The question is whether the bulls can sustain the early momentum after the open given the various threats to European gas supplies and the increasing likelihood of at least partial western energy sanctions. Remain very cautious. A gap up DOES NOT indicate a bottom has been put in. So, if you are trading, trade small, be nimble, and be prepared to accept volatility-caused pain.

Trading is a marathon, not a sprint. So, ask yourself whether you have an edge in this sort of volatility. If not, sitting on your hands may be the best move you could make. Remember that you don’t have to trade every day (or even week) and you definitely don’t need to chase gaps and moves. So, stick to your trading rules and manage the things that you can control. Trade with the trend, don’t chase, keep consistently taking profits when you have them, and move your stops in your favor. The first rule of making money in the market is to not lose big money in the market. So, don’t be stubborn, and protect yourself from yourself. If you are wrong, just admit it and take your loss. (That’s why we set stops in the first place.)

Ed

Swing Trade Ideas for your consideration and watchlist: BITO, WOOF, ZIM, OSTK, DLTR, PLUG, TSLA, MDT, MVIS, AAPL, CLOV, FSK, OLED, ENPH. You can find Rick’s review of tickers on his YouTube Channel here. Trade your plan, take profits along the way, and smart. Also, remember to check for impending earnings reports. Finally, remember that any tickers we mention and talk about in the trading room are not recommendations to buy or sell.

TC2000 Discount

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

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.

Free YouTube Education  •  Subscription Plans • Private 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Fears of Higher Inflation

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Fears of Higher Inflation

It was not only the higher oil prices that kept the bears active on Monday but the fears of higher inflation and the uncomfortable impacts to the consumer.  Though the indexes appear in a short-term oversold condition, the pending CPI number will likely keep the bears active on the uncertain path forward.  In addition, this morning, we will briefly turn our attention to the trade deficit that continues to expand.  So plan your rick carefully and continue to respect overhead resistance levels as long as the downtrend remains in effect.

Asian markets closed in the red across the board during the night, with Shanghai leading the selling down 2.35% at the close.  European markets trade mixed but mostly higher this morning as they keep a close eye on invasion developments.  Ahead of earnings and economic data, the U.S. futures point to a gap up open, hoping to trigger a little relief in the selling.

Economic Calendar

Earnings Calendar

The number of earnings events ramps on this Tuesday, with more than 130 companies listed though we have a large number of them unconfirmed.  Notable reports include DKS, ABM, AVD, CDMO, BNED, BKEP, BMBL, CASY, CIVI, FTEK, GLRE, NVEI, WOOF, PCT, SFIX, VTNR, & WTI.

News & Technicals’

“It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market,” Russian Deputy Prime Minister Alexander Novak said Monday in an address on state television.  “The surge in prices would be unpredictable.  It would be $300 per barrel if not more.”  His comments come with Russia’s onslaught of Ukraine well into its second week, with the already dire humanitarian crisis expected to worsen as the Kremlin continues its invasion.  “It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market,” Russian Deputy Prime Minister Alexander Novak said Monday in an address on state television.  “The surge in prices would be unpredictable.  It would be $300 per barrel if not more.”  His comments come with Russia’s onslaught of Ukraine well into its second week, with the already dire humanitarian crisis expected to worsen as the Kremlin continues its invasion.  Tensions are rising in Europe’s ex-Soviet Baltic nations that President Vladimir Putin might not stop at invading Ukraine and could have his sights set on them.  Baltic states in north-eastern Europe, which are now members of the EU and NATO, were invaded and occupied in June 1940 by the Soviet Union.  They remained within the USSR until its collapse in 1991.  “Clearly, Putin is now in some kind of aggressive war mood,” European Commission Vice President Valdis Dombrovskis said.  Treasury yields rally in early Tuesday trading as inflation worries grow.  The 10-year surged 9-basis points to 1.8421%, and the 30year rose to 2.2334%.

The rising oil prices and the fears of higher inflation reading when CPI numbers come out Thursday morning kept the bears working hard Monday.  As a result, the Nasdaq officially fell into bear territory closing down 20% from January highs.  Although the indexes appear to be in a short-term oversold condition, the rising prices will make it difficult for a consumer-based economy to find much footing.  So if a relief rally can get started, it would be wise it respects overhead resistance levels as long as the index downtrends continue.  In addition, it would appear the geopolitical fallout of the Russian invasion is far from over, so expect price volatility to remain uncomfortably high.  Finally, with earnings beginning to wind down and inflation numbers on the horizon, the path forward is uncertain.  Large intraday whipsaws and significant overnight gaps are likely to continue as the uncertainty unfolds.  So plan your risk carefully and avoid overtrading.

Trade Wisley,

Doug

Trade, AAPL Event but Russia Still Top Story

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On the strength of the Russian invasion and increased fear over what it may do to the global economy, the bears controlled the market all day long Monday.  The open was relatively flat, but from that point all 3 major indices sold off the entire day, closing on the lows.  This left us with massive black candles heading toward the breakout point of Bearish-h patterns in all those indices.  On the day, SPY lost 2.91%, DIA lost 2.37% and QQQ lost 3.69%.  The VXX was up nearly 9% to 28.49 and T2122 still has not reached oversold territory, sitting at 25.75.  10-year bond yields rose to 1.782% and Oil (ETI) fell back from the highs, but still gained 3.76% to $120.05/barrel.

The Russian invasion and sanctions continue to be the story driving markets.  MCD stock took a big hit (almost 5%) Monday as it was noted over the weekend that MCD has a larger footprint in Russia than other fast-food chains.  After the close, Russia threatened to stop gas flows to Europe and said the world will see $300 Oil if the West puts sanctions on Russian energy exports.  Russian Deputy Prime Minister Novak said, “no decision on whether to shut down the flow had been taken yet and the pipeline is running at full capacity now.”  However, the threat was not veiled.  European market gas prices surged almost 80% in reaction to the threat. (Roughly 40% of European natural gas and 25% of the oil comes from Russia.) On the front, the last major holdout RDS.A apologized for buying a shipment of Russian oil after the invasion and announced they will stop buying from Russia. They join XOM, BP, and others in boycotting Russian Oil.

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Overnight, the London Metals Exchange was forced to halt the trading of Nickel after an unprecedented 250% spike in the metal.  (Russia is the world’s largest exporter of nickel.)  As with Wheat (Russia and Ukraine produce one-third of the world’s supply) and Oil (Russia is the third-largest exporter), commodities are on a rocketship with the disruptions caused by the Russian aggression.

AAPL will hold its first product launch event of the year today.  Bloomberg reports that the company will announce a low-cost ($399) version of its iPhone, replacing a non-5G model launched in 2019.  Cupertino is also supposed to announce a new mid-range iPad Air, a revised Mac computer, and a new version (15.4) of the iOS operating system

Overnight, the Asian markets were mostly deeply in the red again.  India (+0.95%) was the lone green in the region.  However, Shenzhen (-2.62%), Shanghai (-2.35%), and Taiwan (-2.06%) led the region lower.  In Europe, stocks are mixed but lean to the green side at mid-day.  The FTSE (+0.14%), DAX (+0.98%), and CAC (+2.00%) are fairly indicative of early afternoon trading on the continent with 4 smaller exchanges in the red (Athens -2.63% is an outlier) and Russia remaining closed.  As of 7:30 am, US Futures are pointing toward a green open.  The DIA implies a +0.57% open, the SPY is implying a +0.63% open, and the QQQ implies a +0.39% open at this hour.  10-year bond yields have rebounded to 1.851% and Oil (WTI) is up another 3% to $122.96/barrel in early trading.

The major economic news scheduled for release on Tuesday is limited to January Imports/Exports and January Trade Balance (all at 8:30 am).  However, the EIA will also publish its Short-Term Energy Outlook at noon, which may garner some headlines given the Oil situation.  The major earnings reports scheduled for release before the open are limited to DKS and WOOF.  Then after the close ABM, CASY, and SFIX reports.   

LTA Scanning Software

The volatility parade continues as the Russian bombing of Ukrainian cities picks up pace. Today it looks like the gap will be bullish after yesterday’s all-day selloff. The question is whether the bulls can sustain momentum after the open given the overnight threats to European gas supplies and the likelihood of some sort of western energy sanctions. So, remain very cautious. If you are trading, trade small, be nimble, and be prepared to accept volatility-caused pain.

Trading is a marathon, not a sprint. So, ask yourself whether you have an edge in this sort of volatility. If not, sitting on your hands may be the best move you could make. Remember that you don’t have to trade every day (or even week) and you definitely don’t need to chase gaps and moves. So, stick to your trading rules and manage the things that you can control. Trade with the trend, don’t chase, keep consistently taking profits when you have them, and move your stops in your favor. The first rule of making money in the market is to not lose big money in the market. So, don’t be stubborn, and protect yourself from yourself. If you are wrong, just admit it and take your loss. (That’s why we set stops in the first place.)

Ed

Swing Trade Ideas for your consideration and watchlist: EOLS, ENPH, CLOV, OLED, OSTK, MDT, LHCG, PFE, CHPT, LUMN, FCEL, PLUG, TAN You can find Rick’s review of tickers on his YouTube Channel here. Trade your plan, take profits along the way, and smart. Also, remember to check for impending earnings reports. Finally, remember that any tickers we mention and talk about in the trading room are not recommendations to buy or sell.

TC2000 Discount

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

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.

Free YouTube Education  •  Subscription Plans • Private 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Invasion and Fallout Remain Top Story

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Bears took back control Friday as the Russian attack on a Ukrainian nuclear reactor site (causing fires) led to a 1% gap-down in the large-dap indices and two-thirds of a percent in the QQQ.  From there we had a roller-coaster ride the rest of the day that ended on an upswing the last 15 minutes.  This left us with gap-down Spinning Top type candles in all 3 major indices.  On the day, SPY lost 0.81%, DIA lost 0.49%, and QQQ lost 1.45%.  The VXX rose over 4% to 26.20 and T2122 fell but remains in the middle of the range at 52.87.  10-year bond yields fell sharply to 1.736% and Oil (WTI) spiked over 7% to $115.37/barrel.

February Payrolls data came out on Friday.  The biggest news was Nonfarm Payrolls grew more than 50% more than expected (+687k vs +400k est.).  The Participation rate also inched up a tenth of a percent versus January.  However, Average Hourly Earnings grew less than expected (+5.1% vs. +5.8% expected) and continue to fall behind inflation.  Finally, the Unemployment Rate fell to 3.8% (versus 3.9% expected).   

SNAP Case Study | Actual Trade

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On the Russian Invasion/Sanctions front, Russia reneged twice on ceasefires for civilian evacuations of cities under bombardment, and the US is in talks with Poland and other NATO allies to give Ukraine F-16s, which the US would then replace. V, MA, and AXP all also turned off their payment networks in Russia. For his part, Putin signed a decree that forces creditors to set up bank accounts in Russia and accept payments in Russian Rubles for both sovereign and corporate debt.  The idea is to avoid defaults while also shifting the pain of sanctions onto Western creditors (who must now accept Rubles and then cannot move the money out of Russia).  It’s worth noting that Rosneft, Gazprom, the Railway, and the Russian government all have large dollar payments on outstanding debt due soon (about $800 billion in the next 30 days).  So, western funds, banks, or energy companies expecting payments, you not only can’t get the money you are “paid,” but those funds will also continue to depreciate as the Ruble loses value.

BBBY stock is surging in premarket (up as much as 80%) after it became known that the Chairman of GME owns as much as 10% of the BBBY stock. GME Chairman Ryan Cohen was formerly the founder of online retailer CHWY.  He wrote a letter to the BBBY board suggesting they selloff the BuyBuy Baby chain and consider taking the company private via sale to private equity firms.  However, he reiterated the main problems facing the company (supply chain issues and market share losses) can be solved longer-term.

Overnight, the Asian markets were down hard.  Hong Kong (-3.87%), Shenzhen (-3.43%), and Japan (-2.94%) led the carnage.  In Europe, markets are red at mid-day, but not as bleak as in Asia.  The FTSE (-0.30%), DAX (-1.11%), and CAC (-1.21%) lead because of their size, but some of the smaller exchanges are both much deeper in the red as well as even a couple are slightly in the green in early afternoon trading.  As of 7:30 am, US Futures are pointing to another gap down.  The DIA implies a -0.78% open, the SPY is implying a -0.70% open, and the QQQ implies a -0.80% open at this hour.  10-year bond yields are higher to 1.775% and Oil (WTI) has spiked another 4+% to $120.48/barrel in early trading.

There is no major economic news scheduled for release on Monday.  The major earnings reports scheduled for release before the open are limited to AMR and CIEN.  Then after the close IEA reports.  

The major economic news scheduled for Friday includes Feb. Nonfarm Payrolls, Feb. Avg. Hourly Earnings, Feb. The major economic news for later this week includes January Imports/Exports and Trade Balance on Tuesday.  Wednesday brings January JOLTS and Crude Oil Inventories.  Thursday brings inflation information with the February CPI as well as Weekly Initial Jobless Claims and the February Federal Budget Balance.  Finally, on Friday we get the Michigan Consumer Expectations. 

LTA Scanning Software

Once again markets are taking a beating as Russia continues to violate ceasefires and bomb civilian areas of major Ukrainian cities. Russian sanctions and the fallout (the IMF is now predicting a significant hit to global GDP) continue to lead markets lower, but volatility remains high and losses are uneven. So, remain very cautious. If you are trading, trade small, be nimble, and be prepared to accept volatility-caused pain.

Once again, ask yourself whether you have an edge in this sort of volatility. If not, sitting on your hands may be the best move you could make. Remember that you don’t have to trade every day (or even week) and you definitely don’t need to chase moves. Trading is a marathon, not a sprint. So, stick to your trading rules and manage the things that you can control. Trade with the trend, don’t chase, keep consistently taking profits when you have them, and move your stops in your favor. The first rule of making money in the market is to not lose big money in the market. So, don’t be stubborn, and protect yourself from yourself. If you are wrong, just admit it and take your loss. (That’s why we set stops in the first place.)

Ed

Swing Trade Ideas for your consideration and watchlist: No trade ideas today. You can find Rick’s review of tickers on his YouTube Channel here. Trade your plan, take profits along the way, and smart. Also, remember to check for impending earnings reports. Finally, remember that any tickers we mention and talk about in the trading room are not recommendations to buy or sell.

TC2000 Discount

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

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.

Free YouTube Education  •  Subscription Plans • Private 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Oil Prices Surged

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Oil Prices Surged

Brent crude briefly topped $130 a barrel Sunday night as oil prices surged, with the U.S. considering a total embargo on Russian oil products.  With gas prices up 65% in this year alone, worries of recession and stagflation worry investors not only in the U.S. but worldwide.  Thursday’s CPI report will be of particular interest with the sharp rise in all commodity prices this year.  However, today we have a light day of earnings of economic data, so plan for extra sensitivity to the news cycle and the rapidly rising price impacts to the consumer.

During the night, Asian markets traded sharply lower, with the Hong Kong leaning the way down 3.87% at the close.  This morning, European markets are also under pressure, seeing red across the board.  With a light day or earnings and economic data, U.S. futures point to a substantial gap down at the open in reaction to pain rise in energy prices.

Economic Calendar

Earnings Calendar

We begin the new week with a lighter day on the earnings calendar with 70 companies listed.  Notable reports include CIEN, CLAR, EGRX, IPI, ROVR, SQSP, TDUP, & VET. 

News & Technical’s

“The China-Russia relationship is valued for its independence,” Chinese Foreign Minister Wang Yi said.  Wang portrayed the bilateral relationship as separate from China’s relations with other countries or regions.  He added that the Red Cross Society of China would provide Ukraine with emergency supplies “as soon as possible.”  Economist Stephen Roach warns that the effects of any default on Russia’s sovereign debt as a result of the Ukraine crisis would spill over to emerging markets.   And China would not be unscathed, and he told CNBC’s “Squawk Box Asia.”  The U.S. has sanctioned Russia’s sovereign debt while major rating agencies slashed Russia’s sovereign rating to “junk” status.  In addition, Carl Icahn has sold the last of what was once a 10% stake in energy company Occidental Petroleum, The Wall Street Journal reported.  The sale ended an uneasy relationship between the billionaire activist investor and the oil-and-gas producer just as the latter’s shares surged.  The Journal reported that Icahn has realized a profit of some $1 billion on the Occidental investment, citing sources “familiar with the matter.”  U.S. Secretary of State Antony Blinken told NBC on Sunday that Washington is in “very active discussions” with European governments about banning imports of Russian crude.  Russia has continued to ramp up its assault on neighboring Ukraine in recent days, with forces attempting to advance and isolate the capital city of Kyiv and other major cities while being met with fierce Ukrainian resistance.  Treasury yields fell slightly in early Monday trading, with the 10-year declining to 1.7171% and the 30-year slipping to 2.1407%.

Oil prices surged over the weekend, hitting $130 a barrel, up 65% just this year, threatening recession in many countries worldwide.  The oil prices hit a 13-year high as the United States considers a total embargo of Russian oil products.  Some analysts project brent crude could reach 200 a barrel if the trend continues massively complicating the already soaring inflation.  Inflation will be front and center Thursday morning, with the CPI report before the bell.  However, we have a lighter day of earnings and economic data to kick off the new trading week.  Look for the markets to be susceptible to the Ukrainian invasion news cycle and oil prices as investors search for direction amidst the massive uncertainty.  We can no longer rule out a retest of February lows, and the huge point intraday whipsaws are likely to continue in the week ahead. 

Trade Wisely,

Doug

Uncertainty Reigns Supreme

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Uncertainty Reigns Supreme

Uncertainty reigns supreme as the unhinged Russian invasion attacks and then seizes the largest Ukrainian nuclear power plant.  Thursday proved to be another day of wild whipsaws as the market reacted to the chaotic developments pushing higher energy, food, and commodity prices.  After the morning reaction, the Employment Situation numbers the market will face another uncertain weekend that may prove difficult for the bulls working to defend recent index lows.  So, hold on tight it could be another rough day of price action.

Asian markets tumbled overnight, with the Nikkei and the HSI falling more than 2%.  This morning, European markets trade decidedly bearish due to the dangerous Ukrainian power plant developments.   Ahead of potentially market-moving economic data, U.S. futures point to a bearish open facing another weekend of uncertainty. 

Economic Calendar

Earnings Calendar

We have a much lighter day on the Friday earnings calendar, with less than 25 companies listed and most unconfirmed.  Notable reports include HIBB, INTT, & RPID.

News & Technicals’

The Biden administration announced a new round of sanctions targeting Russian oligarchs and their family members supporting President Vladimir Putin as he wages war in Ukraine.  Asked at the White House about the expanded sanctions, press secretary Jen Psaki said that the U.S. was confident that these measures were an effective approach.  President Joe Biden said later Thursday afternoon that the sanctions already imposed on Putin and those around him have “had a profound impact.”  Ukraine issues a dire warning after Russia attacks the nation’s largest nuclear power plant, eventually seizing control of the facility.  The assault was met with widespread condemnation as many in Europe woke to the attack on the continent’s largest nuclear facility, in Zaporizhzhya, Ukraine.  Russian military forces on Friday seized control of Europe’s largest nuclear power plant, according to Ukraine’s nuclear agency, shortly after a night of Russian shelling set a building ablaze at the complex.  However, authorities say emergency services have now extinguished the fire at the site, and radiation levels are normal.  “Dear stock market, you were close to us, you were interesting, rest in peace, dear comrade,” financial analyst Alexander Butmanov said during an interview on Russian channel RBC.  Russia’s stock market has been closed for five straight days following heavy Western sanctions over its invasion of Ukraine.   Elon Musk challenged the United Auto Workers to try and organize his company’s assembly plant in Fremont, California.  His comments followed President Biden’s praise of Ford and GM in his State of the Union address.  Musk has been a vocal critic of the UAW for years.  CNBC’s Jim Cramer on Thursday cautioned investors that buying the dip on high-growth tech stocks is a losing strategy in today’s turbulent market.  “There’s still plenty of other stocks out there, but if you’re still betting on these bouncing back … I don’t think it’s going to work,” the “Mad Money” host said. 

After another day, huge point whipsaws with the VIX holding a 30 handle as uncertainty reigns supreme.  Dip buyers have faced one disapointment after another as the wild price swings chop up accounts.  This morning we got the latest reading on the Employment Situation.  Estimates suggest a very strong number that, if correct, could hurt prices, clearing another hurdle for the FOMC to act aggressively.  Energy, food, and commodities continue to rise dramatically due to the geopolitical pressures fanning the flames of inflation, forcing Fed action at what could prove the worst possible time.  Finally, as the chaotic and unhinged Russian invasion intensifies, another weekend of uncertainty could make it tough on the bulls working to defend recent market lows.  With the violence of the moves, day traders continue to have the upper hand, while swing and position traders find it nearly impossible to matain an edge.  Remember, cash is a position often underutilized in times of extreme market conditions.

Trade Wisely,

Doug

Nuclear Plant Hit – Markets Not Happy

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The back-and-forth volatility continued Thursday with a gap higher at the open in all 4 major indices, which was met immediately by a whipsaw-filled all-day selloff.  All 4 ended up closer to their lows than highs.  The SPY and IWM both printed Dark Cloud Cover signals, the QQQ printed a Bearish Engulfing, and the DIA nearly printed a Dark Cloud Cover.  On the day, SPY lost 0.48%, DIA lost 0.23%, QQQ lost 1.43%, and IWM lost 1.17%.  The VXX rose 1% to 25.15 and T2122 dropped back into the mid-range at 69.66.  10-year bond yields fell to 1.854% and Oil (WTI) dropped 2.23% (after having been up 2% early) to $108.28/barrel.

Again, the Russian invasion and sanctions remain the dominant story.  Overnight, Russia attacked (setting fire to) and seized the largest nuclear power plant in Europe. Thankfully, Ukrainians safely shut down the plant after Russian attacks had caused fires (which are now under control).  Elsewhere, JPM says they expect the Russian economy to contract 35% in Q2 due to sanctions that are already in place. However, the EU is now seriously considering energy sanctions (in the wake of the nuclear plant attack) and analysts say it’s only a matter of time before Oil and Gas sanctions are added (those account for 60% of Russian exports).  So, let’s take a closer look at the state of the global oil market.   

Russia exports about 5 million barrels of oil per day plus 3 million barrels of other petroleum products (a total of about 13-15% of global petroleum exports).  If those were shut down, in terms of available replacements, the US has already added just under 1 million barrels/day since the beginning of the invasion. (Whether the US sees a longer-term capacity increase is another question.)  In addition, Saudi Arabia could easily increase output by 2-2.5 million barrels per day and UAE can add another million very quickly…if they could be persuaded to do so. If a deal were reached with Iran, they could also add another 1.5 million barrels of export capacity. However, even under that rosy scenario, that still leaves world markets about 3 million barrels/day short.  

SNAP Case Study | Actual Trade

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Still, the US only imports 5% of its daily requirement of oil.  So, a complete stoppage of Russian output would have a relatively minor impact on the US (gas prices).  Europe and Asia would be the places hit worst.  However, it’s possible that things would not get all that much worse than they are now.  The Financial Times reported that 70% of Russian Oil exports are already unable to find buyers as companies are trying to avoid connection to Russia right now.  If true, the world is already down about 5.6 million barrels/day and a maximum increase by the Saudis, UAE, and/or Iran would actually make things better than they are now in terms of oil supply…even if the other 3 million barrels of Russian exports are stopped.  (And they won’t be completely stopped as China will not play ball.)

The point of all this is that things are not as bad as they seem. However, oil markets are running rampant on fear of what might happen and chasing the non-Russian supplies for appearance’s sake even though no oil sanctions have been placed on Russia yet. So, oil prices could continue to climb, but at the moment there is a path to something closer to pre-invasion pricing…if the world will play ball. If not, we could easily see $150 oil at a point where Russian supply is shut down completely. However, we are nowhere near that place yet and at the moment, we are artificially inflating oil by avoiding Russian supply so that refiners don’t look bad.

After the close, COST, AVGO, GPS, MRVL, COO, and TWI all reported beats on both lines.  Meanwhile, SQM, and AGL beat on revenue but missed on earnings.  However, VZIO and SWBI reported missed on both earnings and revenue.

Overnight, the Asian markets were red across the board.  Hong Kong (-2.50%), Japan (-2.23%), and India (-1.53%) led the region lower, but strong losses were widespread.  In Europe, we see an even worse picture at mid-day.  The FTSE (-3.40%), DAX (-3.60%), and CAC (-3.72%) are leading the continent lower in a dramatic fashion.  AS of 7:30 am, US Futures look to be leaning toward following the rest of the world lower.  The DIA implies a -0.99% open, the SPY is implying a -0.99% open, and the QQQ implies a -0.94% open at this hour.  10-year bond yields are back down to 1.782% and Oil (WTI) is spiking another 2.5% ($110.33/barrel) in early trading.

The major economic news scheduled for Friday includes Feb. Nonfarm Payrolls, Feb. Avg. Hourly Earnings, Feb. Unemployment Rate, and Feb. Participation Rate (all at 8:30 am).  There are no major earnings reports scheduled for the day. 

LTA Scanning Software

Markets seem to be taking a beating this morning in the face of Russia’s reckless attack on the largest nuclear power plant in Europe. However, we do have the February Payrolls data yet to come in the premarket. So, there is a chance for a rebound, but I would not hold my breath. It appears Mr. Market is deciding that Friday in the face of current news and with a weekend news cycle in front of us should be a risk-off kind of day. You might do well to consider following his lead and get light, flat, or in cash for the weekend. Also remember it’s payday. So, do not forget to pay yourself. As they say, the best time to take profits is “when you have them”…not “someday if they grow bigger.”

Once again, ask yourself whether you have an edge in this sort of volatility. If not, sitting on your hands may be the best move you could make. Remember that you don’t have to trade every day (or even week) and you definitely don’t need to chase moves. Trading is a marathon, not a sprint. So, stick to your trading rules and manage the things that you can control. Trade with the trend, don’t chase, keep consistently taking profits when you have them, and move your stops in your favor. The first rule of making money in the market is to not lose big money in the market. So, don’t be stubborn, and protect yourself from yourself. If you are wrong, just admit it and take your loss. (That’s why we set stops in the first place.)

Ed

Swing Trade Ideas for your consideration and watchlist: No trade ideas today. You can find Rick’s review of tickers on his YouTube Channel here. Trade your plan, take profits along the way, and smart. Also, remember to check for impending earnings reports. Finally, remember that any tickers we mention and talk about in the trading room are not recommendations to buy or sell.

TC2000 Discount

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

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.

Free YouTube Education  •  Subscription Plans • Private 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service