Monday saw a gap down of about 0.8% in the major indices.  However, shortly after this the bulls started a slow climb back into the game.  The day ended just on the green side of break-even in the large-caps while the tech-heavy QQQs led the way.  For the day, the SPY was up 0.28%, the DIA up 0.06%, and the QQQ was up 1.17%.  The QQQ also managed to print a bullish engulfing candle. At the same time, the VXX was down slightly to 40.26 and T2122 (4-week High Low Ratio) fell to exactly the mid-point between overbought and oversold territory at 50.  The 10-year bond yield was flat, technically closing down to 0.63 and Oil (WTI) continued its rally up over 7% to $21.18/barrel.

During the day the Treasury Dept. announced it will be borrowing $3 Trillion (bond sales) this quarter.  However, except for the exact number, this was expected due to the massive stimulus and relief packages already signed into law.  Meanwhile, the FDA said it will start to crack down on COVID-19 antibody tests.  In the panic to get tests to the public, over 250 antibody tests were taken to the market.  However, it has been reported that many of them give over 50% “false positives” (more than half the people who are told they have antibodies turn out not to have them).  This crackdown should start in the next 10 days and may well impact a number of medical sector tickers.

After the close, HTZ announced it has retained an advisor for help with bankruptcy proceedings.  LB also announced it had ended its deal to sell the Victoria’s Secret brand to a private equity firm.  Meanwhile, in supply chain news, earlier in the day TSN again warned of potential meat shortages despite an Executive Order forcing plants to remain open.  They cited US hog processing capacity having been cut in half.  After the close, SHAK confirmed by reporting they’ve seen significantly higher beef costs and expect the price hikes to continue.

On the Virus front itself, the global headline numbers are 3,663,961 confirmed cases and 252,758 deaths.  Reopening continues throughout Europe with mixed results.  While crowds waited on department stores to open in Austria, many Italian retail businesses said it wasn’t worth the effort to open shop since no customers showed up.  Germany reports a similar story as Italy on retail, but its manufacturing sector seems to be well on its way back to capacity.

In the US, we have 1,213,010 confirmed cases and 69,925 deaths.  A CDC report (marked with HHS and Homeland Security Dept. seals and dated May 1st) was leaked Monday.  The document said it expects to see virus spread and deaths accelerate by June with the mid-point of several forecasts being 200,000 new cases and 2,500 deaths per day.  The White House disclaimed the report saying it didn’t reflect any modeling done by the task force itself.  (For reference, the US now sees about 25,000 new cases and 1,200 deaths per day.)  Meanwhile, SBUX reports 85% of its stores nationwide will be open by Friday.  So, US reopening continues and at least we can get coffee while we argue over forecasts.

Asian markets of questionable value today.  China, Japan, and South Korea were all off for a market holiday Tuesday.  In Europe, markets are in the green across the board at this point in the day.  As of 7:30 am, US futures are pointing to a three-quarters to one-percent gap higher at the open. 

The major economic news for Tuesday includes Mar. Import/Exports (8:30 am), Apr. Services PMI (9:45 am), and Apr. ISM Non-Mfg. PMI (10 am).  Earnings before the open include D, FCAU, NEM, ITW, DD, SYY, INCY, MPC, REGN, SPG, TDG, AME, XYL, MLM, VTR, WRK, HSIC, AOS, IPGP, SEE, ALK, KEX, ACM, WRK, ADNT, USFD, ARMK, LDOS, HSIC, AGCO, W, INGR, TRI, TA, and AME.

The very recent pullback remains in place, but the bulls were in control all day (after the open) yesterday.  Volatility and gaps remain the standard.  However, it appears the bulls want to take us back up to at least retest resistance above after Monday’s bounce.  Focus on the chart in front of you.  Continue to be cautious about longer swing trades, unless you can take some short-term pain. 

Ed

Trade Ideas for your consideration and watchlist today: VLO, PNR, COP, ADP, TECK, PH, NXPI, GNTX, EMR, SIRI. Trade smart, take profits along the way and trade your plan. Also, don’t forget to check for upcoming earnings. Finally, remember that the stocks/etfs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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

As we turned the page to a new month, Friday turned a positive week negative.  Bad earnings news from AAPL and AMZN, and post-April profit-taking led to a 1.75% gap-down.  Then, after a late-morning selloff, markets spent the afternoon just grinding sideways near the lows.  For the day the SPY was down 2.74%, the DIA down 2.44%, and the QQQ down 2.82%.  The VXX rose on this performance to close at 41.19.  The 10-year bond yields fell slightly to 0.618% and Oil (WTI) rose again to get back to $19.69/barrel.

The big weekend news was that Berkshire lost $50 billion (largest ever) in the last quarter.  It sold its entire stake in 4 airlines at a big loss to get out of that industry altogether.  We also learned they had not bought the recent bottom.  In fact, Warren Buffett said “We’ve not bought anything because we don’t see anything that attractive (to buy).”  So, BRKB is still amassing cash and now has $137 billion of cash on hand. 

In other weekend news, Larry Kudlow (Chair NEC) told reporters on Sunday that the White House hasn’t yet made a decision on a third round of PPP, but said it may be needed.  In the meantime, he was promoting the administration’s ideas of a payroll-tax holiday as well as going back to 100%-deductibility for business meals and entertainment.

On the other side of the easing argument, Bloomberg reports economists are just starting to worry that ultra-loose monetary and fiscal policy may cause inflation.  In particular, economists at the Bank of England, International Monetary Fund, and some of the large banks are worried that pressure to keep easing in place will cause runaway inflation.  Concerns aren’t major at this point, but it points to the fine line the Fed must walk now that Congress and the Administration are in a “buy our way out of this” mode. 

On the Virus front itself, the global headline numbers are 3,584,116 confirmed cases and 248,641 deaths.  Russia has recorded 3 consecutive days of a record-high number of new cases (now well over 10,000 new cases per day).  However, the biggest international virus story seems to be the rise in the rhetoric of blaming China for the pandemic and “holding them accountable.” Of course, China responded with its own propaganda about the US.  In and of itself this is not important, but the war of words does raise the specter of another round in the trade war, particularly in an election year, which the global economy may not be in as good a position to handle as it was last year.

In the US, we have breached the million-case mark, with 1,188,826 confirmed cases and 68,606 deaths.  31 states had some easing or reopening as of the weekend.  Of those, only 17 have actually achieved the 14-day new case rate reduction that was recommended by administration guidelines.  Activity and hope are increasing.  Only time will tell if it was too soon or false hope.  However, it’s the course our leaders chose and all the rest of us can do is embrace it as cautiously as possible.

Overnight, Asian markets were mixed after a 3-day weekend.  Japan, Hong Kong, South Korea, and India were down sharply.  However, China, Australian, and smaller countries like Thailand were well in the green.  In Europe, markets are deeply in the red after their own 3-day weekend.  The FTSE is only off a third of a percent, but the set seem to be down over 2% at this point in the day.  As of 7:30 am, US futures are pointing to a half to one-percent gap lower at the open.

The uptrend was broken Friday on the first consecutive down day in over a week.  Still, there is potential support not far below and the Bulls have clearly been focusing on the good (and hope) and ignoring the bad news during the last 5+ weeks.  Volatility and gaps remain the norm.  We can also expect bad economic news to continue. 

So, all traders can do is focus on the chart in front of us.  However, in such uncertainty and somewhat unexplained strong rebound, we either need to be fast (day trade) or slow (longer-term holds).  Be very cautious about swing trades, unless you can handle significant short-term pain. 

Ed

No Trade Ideas for today. Trade smart, take profits along the way and trade your plan. Also, don’t forget to check for upcoming earnings. Finally, remember that the stocks/etfs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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

Markets gapped slightly lower Thursday on the news that we have had over 30 million new unemployment claims in the last 6 weeks (3.84 million this week) and consumer spending had fallen 7.5% year-over-year in March.  After that half percent gap down markets ground sideways and then lower to close about twice as far down as the open on indecisive candles. The SPY fell 0.93%, the DIA fell 1.31%, and the QQQ was flat at down 0.04%.  The VXX gained a bit to close at 37.87 and the TC2122 4-week High-Low Ratio fell slightly to still overbought 91.09.  10-year bond yield rose to 0.646% and Oil (WTI) jumped almost 27% to get back to $19.09/barrel.

After hours, the Justice Dept. said they are seeing initial indications of fraud in the SBA Payroll Protection Program and that it has begun an investigation.  Elsewhere, CA, NY, TX, IL, CT, and MA states have all applied for federal loans as their unemployment trust funds are running out of money.  These are among the 21 states that are now below federal recommended solvency guidelines.  CA, TX, NY, IL, OH, HI, and PA are all below half of the recommended minimum solvency.

On earnings, AMZN told shareholders they may want to take a seat before reporting a huge miss ($5.01 act. vs. $6.25 est.) on higher than expected revenue.  It also said the company expects to spend all operating profits from Q2 on COVID related expenses.  However, AAPL reported an earnings beat on flat revenue, but dropped guidance and said it had also burned through some of its massive cash hoard during the quarter. (iPhone revenue was down 7% year over year.)

On the Virus front itself, the global headline numbers are 3,325,957 confirmed cases and 234,501 deaths.  In Russia as numbers climb the PM (theoretically President Putin’s number two) has tested positive.  At the same time, UK PM Johnson said his country was “past the peak,” but he did not want to risk a second peak and was thus not ready to announce a roadmap to lift restrictions and he will ask the public to wear masks when they do open.

In the US, we have breached the million-case mark, with 1,095,304 confirmed cases and 63,871 deaths.  Despite these numbers, 31 states will be at least partially open by this weekend.  However, Dr. Fauci says he is worried that states are moving too fast and large portions of the public are also not following distancing guidelines.  At the same time, the White House has not signed off on CDC guidelines that require altered ways of life.  Instead, the President said he wants things to be “the way they were” because he doesn’t want half-empty restaurants, stadiums, or other businesses.  Time will tell, but that approach does not model well.

Overnight, both Asian and European markets were closed for the May Day worker celebration.  However, the US will be open and as of 7:30 am, US futures are pointing to a significant gap lower at the open. 

The major economic news for Friday is limited to Apr Mfg. PMI (9:45 am) and ISM Mfg. PMI (10 am).  In earnings, ABBV, AON, CBOE, CHTR, CVX, CLX, CL, EL, XOM, HON, HUN, IMO, JCI, LYB, NWL, PCG, PSX, and WY all report before the open.  Only BRK.B reports after the close.

The uptrend continues with even down days being nothing but black candles in an uptrend.  However, profit-taking after window-dressing April may be in-store today. The bulls clearly continue to focus on the good (and hope) and ignore the bad news.  Still, gaps and volatility remain the norm and we should expect bad economic news to continue.  All we can do is remain focused and trade the chart in front of us.  Just bear in mind we either need to be fast (day trade) or slow (longer-term holds) in a market that does not match the data.  Be very cautious about swing trades, unless you can handle significant short-term pain.  Finally, it is Friday.  So, take some profits and reduce your risk going into the weekend ahead. 

Ed

No Trade Ideas for today Trade smart, take profits along the way and trade your plan. Also, don’t forget to check for upcoming earnings. Finally, remember that the stocks/etfs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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

Once again, the bulls ignored bad news and latched on to questionable hope.  The Q1 GDP shrank by 4.8%, but futures spiked on the news.  Markets opened with a 2% gap higher and then rallied on news of encouraging results from a preliminary trial of a treatment drug for COVID-19.  On the day, the SPY was up 2.60%, the DIA up 2.22%, and the QQQ up 3.55%.  VXX fell to 36.72 (the lowest level it has seen for nearly two months) and the T2122 remains pegged at 99.06. Oil (WTI) rebounded 23% on hope of renewed demand to close at $15.20/barrel and the 10-year bond yield also rose slightly to 0.625%.

During the day, the government jumped on the GILD (remdesvir) news as the FDA isn’t waiting for more proof and announced it will make the drug available to patients just as soon as possible.  This is quite the leap considering the trial showed an improvement in only 50% of patients and even then, only at a certain treatment course (not as much with longer length of treatment).  However, Dr. Fauci (NIH) said it was “quite good news” that the drug can reduce hospitalization from 15 days to 11 days on average and may (data less certain) reduce the mortality rate (from 11.6% to 8%), even if only effective in half the cases.  So, no magic bullet, but a step in the right direction.

The Fed also left rates unchanged and they will continue buying bonds.  This was as expected and the more important point was the forward guidance where Fed Chair Powell said the economy will continue to need Fed support for some time and the Fed will act forcefully to do more as needed.  He also pledged to keep rates near zero until full employment and inflation come back.

On earnings, FB soared after-hours on reporting stable ad revenue and a 18% year-on-year revenue growth, this in spite of a 4 cent earnings miss.  MSFT also rose on a 15% increase in sales and a beat on both top and bottom lines.  The same was true of QCOM, which also beat on both lines, but warned they forecast a 30% drop in phone shipments in Q2.  Bear in mind that many major financial news outlets report that the analyst estimates are worthless this quarter and of even less value for next quarter as most companies have completely dropped forward guidance and major Wall Street Industry Analysts have given up with the gaming.  So, don’t focus on earnings reports as an indication of anything but a news event.  Trade the chart alone and be fast.

On the Virus front itself, the global headline numbers are 3,235,722 confirmed cases and 228,605 deaths. In Italy, 12.4 million workers have asked for emergency funds from their government.  In good news, in China, road traffic in Beijing and Shenzhen is heavier now than it was a year ago while Shanghai is almost the same.  This implies that s economic activity (and oil demand) has resumed at the same pace as before the virus shutdowns.  Meanwhile, in Japan, the government has extended the national emergency for another month (originally to end May 6) as their outbreaks continue.

In the US, we have breached the million-case mark, with 1,064,572 confirmed cases and 61,669 deaths.  However, the priority is now no longer the virus, but economic recovery.  Toward this, the President said that the federal social distancing guidelines will “fade out” when asked about extending them. The VP said they were “very much incorporated” into the voluntary reopening guidelines (that many states and even more people haven’t adopted as they move to reopen more quickly). Still, the President said he is “very much in favor of what they (Governors who are opening up their states) are doing” as you’d expect him to be with his changed focus.

Overnight, Asian markets were green, with the lone exception of India.  However, in Europe, the opposite is true as markets are in the red so far today, with the exceptions of Finland and Denmark.  As of 7:30 am, US futures are mixed, pointing to a 1% gap up in the QQQ, but flat opens in the DIA and SPY. 

The major economic news for Thursday includes Mar. PCE, Q1 Employment Cost Index, Mar. Personal Spending, and Initial Jobless Claims (all at 8:30 am) and April Chicago PMI (9:45 am).  On the earnings front, MO, AAL, ABMD, BAX, CHD, CI, CMCSA, COP, DAN, DOW, ETN, BEN, GPN, HBI, ICE, IDXX, IP, K, KHC, LKQ, MMC, MCD, TAP, MCO, NLSN, PH, PNR, PWR, RMD, SO, SWK, TPR, TFX, TXT, TWTR, VMC, WLTW all report before the open.  Meanwhile, AMZN, AMGN, AAPL, AJG, BMRN, COG, CXO, EMN, EIX, FBHS, FTV, GILD, HP, ILMN, MGM, MOH, PRGO, PSA, SGEN, SYK, UAL, V, WDC, WHR, X all report after the close.  

The 6-day uptrend remains intact, as Bulls clearly are seeing the good and ignoring the bad news.  Gaps and volatility remain the norm and we should expect bad economic news to continue.  So, all we can do is remained focused and trade the chart in front of us.  Just bear in mind we either need to be fast (day trade) or slow (longer-term holds) in a market that does not match the data.  Be very cautious about swing trades, unless you can handle significant short-term pain. 

Ed

No Trade Ideas for today Trade smart, take profits along the way and trade your plan. Also, don’t forget to check for upcoming earnings. Finally, remember that the stocks/etfs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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

The bulls gapped markets higher at the open Tuesday, but after that, the bears were in control.  The big dogs of tech (GOOG, AMZN, FB, MSFT, AAPL) led markets lower all day, with some of the strongest selling taking place the last 15 minutes. On the day the SPY printed a Dark Cloud Cover and the QQQ an Evening Star.  Both signals coming at resistance levels.  At the close, the SPY was down 0.47%, the DIA down 0.12%, but the QQQ down a big 1.88%.  The VXX was only up slightly to 39.07 while the T2122 4-week High-Low Ratio remains in nose-bleed territory at 97.82.  Oil (WTI) closed down only slightly to $12.71/barrel while the 10-year bond yield also fell a bit to 0.611%.

During the day the President issued an executive order to force meat processing plants to remain open using the Defense Production Act.  He mentioned TSN in particular after their call for help, but the idea is to force meat supplies to remain intact, while also removing any liability problems from the companies (his words).  The move also helps the large livestock producers who were facing massive culls (about 160,000 animals per day) if they had no place to ship market-ready animals.

After the close the Fed reached out to banks to discuss how they should implement their own $600 billion “small business” (up to 10,000 employees and $2.5 billion in revenue) loan program.  GOOG/GOOGL also posted a 13% revenue increase and also beat reduced earnings estimates for the quarter.  Still, they also said their major cost-cutting efforts will remain in place (due to an expected dramatic reduction in advertising demand in Q2).  For its part, AMD posted a miss on both the top and bottom lines.  Meanwhile, F warned of a 15% revenue decline and said that it expects to lose $5 billion during the second quarter.  However, F also said it thinks it has sufficient cash to make it through the virus/recession without seeking to raise more money.

On the Virus front itself, the global headline numbers are 3,152,556 confirmed cases and 218,491 deaths. In Europe, Greece, Portugal, Austria, and France all announced plans to begin slow economic reopening in the next week.  However, Russia admitted to shortages of protective gear and President Putin said the country faces a new and grueling phase of the pandemic. Ominously, Germany’s “R-nought” (how many people each infected person then infects) is now back up to 1 (from 0.75) after a week of reopening. Any value over 1 means the spread is out of control again.

In the US, we have breached the million-case mark, with 1,035,765 confirmed cases and 59,266 deaths.  Dr. Fauci (NIH) told CNN that everyone who needs a test will be able to get one in another 5-6 weeks (early June), but he stressed there is a difference between “needs” and “wants.”  Meanwhile, the President indicated he would block federal aid to states unless they take action against “sanctuary cities” in an attempt to use the crisis to get his way on the immigration issue.

Overnight, Asian markets were mixed, but mostly green.  In Europe, the same is true as markets are wavering on either side of flat so far today.  And as of 7:30 am, US futures are pointing to an uneven gap higher at the open, with DIA up 0.85%, SPY up 1.1%, and QQQ looking at a 1.5% gap up. 

The major economic news for Wednesday includes Q1 GDP (8:30 am), Mar. Pending Home Sales (10 am), Crude Oil Inventories (10:30 am), the FOMC Rate Decision and Statement (2 pm) and the FOMC Chair Presser (2:30 pm).  On the earnings front, ADP, AMT, ANTM, AVY, BA, BSX, CME, GRMN, GD, GE, HAS, HLT, HUM, LHX, LH, MKTX, MAS, MA, NSC, NOC, R, ROL, SHW, VLO, and YUM all report before the open.  Then after the close, AFL, ALGN, ADM, CCI, DRE, FB, HIG, HOLX, MSFT, QCOM, RJF, TSLA, URI, VRTX, and EBAY all report.

The 5-day uptrend remains intact, but resistance may be proving itself in the major indices.  Gaps and volatility remain the norm and we can expect bad economic news.  However, the Bulls clearly have had the desire to ignore bad news and look toward a rosy future down the road.  Remain focused and either trade fast (day trade) or slow (long-term holds).  Be very cautious about swing trades, unless you can handle significant short-term pain.  

Ed

Trade Ideas for your consideration and watchlist: GIS, CAT, NUE, AMAT, PGR, ZTS, CDNS, CTXS, MSI. Trade smart, take profits along the way and trade your plan. Also, don’t forget to check for upcoming earnings. Finally, remember that the stocks/etfs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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