Stocks gapped three-quarters of a percent higher and saw a little morning follow-through.  However, the afternoon gave us a sharp selloff that left bearish candles on the day.  QQQ printed a big Bearish Engulfing candle, SPY printed a Dark Cloud Cover, and the DIA printed what could be seen as an Evening Star type candle that failed the 200sma again.  At the close, QQQ was down 2.06%, SPY was down 0.88%, and DIA closed just above flat at +0.08%.  The VXX surged almost 10% to 35.25 and T2122 (4-week New High/Low Ratio) fell back to 43.64.  The 10-year bond yield fell slightly to 0.625% and Oil (WTI) also fell $39.60/barrel.

The main story of the day was the virus impacts across the US as the number of cases grew by 2% on the day.  CA reclosed indoor activities such as restaurants, theatres, bars, and churches as they reported a record number of hospitalizations.  In addition, both Los Angeles and San Diego school systems said they will be not be opening in-person schools in the fall, continuing their distance learning plans from the Spring.

The other story on the day was a deteriorating relationship between the US and China.  During the afternoon, the US formally rejected almost all Chinese claims on the South China Sea.  (This reverses the previous US position of being neutral on Chinese claims in that area.) The Chinese didn’t like that and, in an unrelated story, China barred 2 US Senators in retaliation for the US barring some of their officials.

However, not all the news on the day was bad.  AMZN announced they are forcing 3^rd-party sellers to reduce their inventories in AMZN warehouses as the company is now starting to ramp-up their own inventories (2 months earlier than normal) as they expect huge sales this coming holiday season.  OPEC also announced they are beginning to roll back some production cuts (expanding capacity) as they believe demand has stabilized. In addition, Senate Majority Leader McConnell said that Republicans will pitch their own stimulus plan next week.  And last, but not least on the good news front, PFE and BNTX stocks also soared Monday as their vaccine 2 candidates were granted FDA “fast track” status.

In the US, the virus numbers show we have 3,479,650 confirmed cases and 138,247 deaths. This includes over 65,000 new cases Monday as 20 states saw record highs in their 7-day average of new cases and 40 states saw a rise in new cases for the day.  Miami’s Mayor reported that the hospitals in the city are at 91%-92% of ICU capacity.

Globally, the number of cases has reached 13,265,782 confirmed cases and 576,249 deaths.  In the UK, the government reversed direction and announced masks will be mandatory in shops starting July 24. Singapore reported they have slipped into recession as the major shipping and commerce city-state saw a 41% drop in GDP.  In the Philippines, Manila will return to lock-down as of Thursday.

Overnight, Chinese trade data for June beat expectations (expanding when a contraction was forecast).  However, Asian markets were still red across the board with the minor exceptions of Indonesia and New Zealand.  In Europe, markets are also red across the board as the virus running out of control outweighs recovery hopes.  At this point the big 3 bourses are down between just -0.38% (FTSE) and -1.6% (CAC).  In the US, as of 7:30am futures are pointing higher, reversing after JPM reported stronger than expected earnings.

The only major economic news for Tuesday is the June Consumer Price Index (8:30 am).  However, there are also two Fed speakers (Brainard at 2 pm and Bullard ar 2:30 pm).  However, earnings season kicks off again as C, DAL, FAST, FRC, JPM, WFC, and WIT all report before the open.

Monday’s candles were ugly again, with the QQQ being the worst of the lot.  However, as we have been saying, that index has been on such a tear it was far overextended and needed some profit-taking.  So, the pullback may not be more of a blip than a change in trend.  The bulls certainly look like they want to run today with good earnings news this morning.  Still, it’s early and virus news will continue to weigh. So, keep an eye on those “canary in the coalmine” FAANG stocks.  They are so big that they will call the tune for markets.  Watch those short-term charts and don’t chase, don’t predict, and take profits as you go.  Remember we are in earnings season now, so some surprises are likely to happen.

Ed

The Daily Swing Trade Ideas for today: CNVA, BYND, TSLA, SBUX, XLK, NKE, DG, FCX, JPM, VXX. Trade your plan, take profits along the way, and smart. 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

After a modestly lower open and a half-hour of volatility, the bulls stepped in and rallied the entire rest of the day closing near the highs.  This left the SPY ending the week where it began after 5 days of consolidation.  However, the QQQ continued its massive rally, with TSLA, NFLX, and GOOG pulling markets higher.  On the day DIA was up 1.39%, SPY was up 1.02%, and QQQ was up 0.68% to yet another all-time high close.  VXX fell to 32.15 and T2122 remains toward the high side of the mid-range at 73.53.  10-year bond yields rose to 0.641% as it was a risk-on day and Oil (WTI) rose back to $40.52/barrel.

In weekend trade developments, late Friday President Trump said the US-China relationship is severely damaged and as a result phase two of a trade deal is not a priority.  In fact, he said “he isn’t even thinking about it.”  Then on Saturday, the administration announced new tariffs of 25% on French goods (i.e. wine, cheese, cookware, cosmetics, soap, etc.).  These tariffs are in retaliation for France not ending its new 3% tax on revenue earned from online sales to French users as the US had demanded.  The tariffs are timed to not take effect until January, with the stated reason of giving time for negotiations.  However, this move also comes days after Treasury Sec. Mnuchin canceled negotiations on the tax issue and warned retaliation on any country that imposes taxes on American tech giants (GOOG, AMZN, FB, etc.).

In the US, the virus numbers show we have 3,414,105 confirmed cases and 137,787 deaths. As of the weekend, only 3 states are seeing a reduction in the new case rate, while 14 are holding relatively steady, and 33 are increasing. Friday saw a record of 71,000 new cases.  On Saturday, that number was 62,000. Then Sunday we saw a 5^th straight day over 60,000 new cases.  This includes FL reporting a massive 15,300 (4,000 more than the previous 1-day high).  In South Carolina, they reported they are now seeing over 22% of all tests coming back positive.  

Globally, the number of cases has reached 13,062,360 confirmed cases and 572,214 deaths.  On Sunday, the W.H.O. reported 230,000 new cases.  In Brazil, they reported 72,000 cases Sunday (on about two-thirds the US population).  India reported a record number of cases 5 days in a row as of today.  They also announced their 3^rd largest city will lock-down for a week starting Tuesday.  Meanwhile, in the UK, the government is now making a major push for economic recovery.  Sunday, they encouraged workers to go back to the office (as opposed to working from home) if at all possible in an effort to stir retail activity.  The MP (Gove) who announced this also said it should be up to individuals, not the government, as to whether people wear masks in shops, bars, and restaurants. 

Overnight, Asian markets were mostly strongly green, with a couple of minor red exceptions being Thailand and Singapore.  Shenzhen was up almost 3.5% and the NIKKEI up 2.22%. In Europe, we’re seeing a similar story with only Russia and Greece below flat.  The big 3 bourses (FTSE, DAX, CAC) are all up about 1.3% at this point in their day. As of 7:30am, US futures are all pointing to a gap higher of about 0.80% at the open.

The only major economic news for Monday is the June Federal Budget Balance (2 pm).  The only major earnings report for the day was PEP before the open and they reported a 3.1% revenue fall for the quarter, but beat on earnings ($1.32 vs 1.25). There was also a deal announced with chipmaker ADI buying MXIM in an all-stock deal.

Friday’s candles were very Bullish, albeit within a consolidation in large-caps (SPY).  However, the QQQ continues to rip.  Are the QQQs extended?  Absolutely.   However, that doesn’t mean they must reverse today.  And the bulls look like they want to run again this morning with absolutely no fear of the pandemic.  Still, keep an eye on those “canary in the coalmine” FAANG stocks.  If they were to break, so will the market.  If they maintain their rally, there is nothing the rest of the bears can do to fight that momentum.  So, watch the short-term chart and don’t chase, don’t predict, and take profits as you go.  And also keep in mind that Earnings Season starts again Tuesday.

Ed

The Daily Trade Ideas have been moved back to this space at the request of members. Today’s trade ideas are HD, PBR, XHB, VALE, LULU, CNP, XRT, GLW, CWH, MGA. Trade your plan, take profits along the way, and smart. 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 opened modestly higher Thursday on slightly better than expected Initial Jobless Claims.  However, this was met with an immediate and strong selloff that took us to the lows by 11:30 am.  While bulls rallied up off these lows, they were never able to climb back to flat.  The NASDAQ closed at yet another record high close as AMZN, AMD, and NVDA almost single-handedly held markets up.  At the close, SPY was down 0.50%, DIA down 1.32%, and, as noted, QQQ up 0.84%. The VXX also climbed a bit to 33.06 and T2122 (4-week New High/Low Ratio) edged closer to overbought territory at 73.75.  10-year bond yields fell sharply to 0.607% as money chased bond safety.  And Oil (WTI) also sold off to $39.48/barrel.

Treasury Sec. Mnuchin told CNBC Thursday that the White House will not back the kind of sweeping coronavirus relief they supported before.  Instead he said they would only accept a smaller, narrower package.  As often happens in the Administration, this seems to be at odds with the President’s own words from a week ago (when he said he wanted to give away more money than the Democrats, but just “to do it right”).  However, it does line up with consistent statements out of Senate Republicans.  Either way, Congress will return in just under two weeks to resume negotiations and votes. 

In other political-market news, Democratic Presidential nominee Biden laid out his “Moderate plans for an economic recovery.”  Among other things, he said that “(the wealthy investor class) don’t need me.”  The plans he announced include the raising of corporate tax rates to 28% (the mid-point between prior corporate rates and the current 21% rate President Trump pushed through.)

In the US, the virus numbers show we now have 3,220,559 confirmed cases and 135,828 deaths. This includes another record of over 62,000 new cases reported nationally.  A dozen states reported a record-high number of new cases Thursday.  Among them, CA, FL, and TX all reported record virus-related deaths on the day. In FL, Miami-Dade County recorded a 33% positive result rate on all tests processed Thursday.  Meanwhile, Dr. Fauci (NIH) told the Wall Street Journal “any state that is having a serious problem, that state should seriously look at shutting down.”  

Globally, the number of cases has reached 12,420,723 confirmed cases and 558,091 deaths.  In a huge case of stating the obvious, the W.H.O. reported “the pandemic is getting worse” on a day when the world reported a record number of new cases (227,000).  Among the countries reporting record-high new case counts were the US and Mexico, both of which reported a daily record in both cases.  However, even though Brazil did not report a record number of new cases, Mexican numbers still pale in comparison to Brazil who reported almost 43,000 new cases and over 1,200 deaths on the day.

Overnight, Asian markets were red across the board with the lone minor exception of Malaysia.  In Europe, markets are mixed, but mainly green at this point in the day.  The big 3 bourses (FTSE, DAX, CAC) are all up half a percent.  As of 7:30am, US futures are all pointing to a modestly lower open.

The only major economic news for Friday is June Producer Price Index (8:30 am).  The only major earnings report for the day are GBX before the open and SJR after the close.

Thursday’s candles were fairly ugly, with a Bearish Engulfing signal in SPY and DIA.  However, despite this, a consolidation pattern is all we can point to in those two indices, especially since the mega-cap techs continue to pull the entire market higher.  Are the QQQ extended?  Absolutely.   However, that doesn’t mean they must reverse today.

Keep an eye on those “canary in the coalmine” FAANG stocks.  If they break, so will the market.  If they maintain their rally, there is nothing the rest of the bears can do to fight their momentum.  So, keep an eye on the short-term chart and don’t chase, don’t predict, and take profits as you go.  Also, remember its payday.  Take some profits off the table and/or hedge you positions in front of the weekend.

Ed

Daily trade ideas have been moved to the trading room and the Members-Only Phone App. Trade your plan, take profits along the way, and smart. 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

Stocks gave us another volatile day, but the bulls came out on top again.  All 3 major indices closed at or near the highs as AMZN, AAPL, FB, and MSFT led markets higher with new all-time high closes.  However, the large-caps did not eliminate the lower-high possibility.  On the day, SPY was up 0.76%, DIA up 0.65%, and QQQ up 1.32%.  The VXX sold off a little to 32.55 and T2122 climbed back into the mid-range at 51.65.  10-year bond yields rose to 0.666% and Oil (WTI) also rose slightly to $40.88/barrel.

In the aviation industry, late in Wednesday’s session BA competitor Airbus reported a third straight month of zero plane sales (new orders).  Earlier in the day, UAL had warned 36,000 front-line employees (more than a third of their staff) of potential layoffs and furloughs in 60 days (federal law requires that much notice). It was also reported (rumors, not announcement) that the 5 largest airlines had reached a deal with the Treasury Dept. for massive loans. So, aviation names may be worth watching.

After the close, St. Louis Fed President Bullard said in an interview that he is predicting unemployment will fall back to 7% by year-end.  (His previous estimate was over 10%.) This came as part of a mostly optimistic outlook that downplayed the problems facing the economy. (This stands in contrast to 3 of his counterparts who emphasized the risks facing the economy on Tuesday.)  He also said he expects another major fiscal stimulus bill, giving the economy “plenty of resources.”  So, there are diverging opinions of the economy among Fed members, perhaps as should be expected, but all of them are saying that more stimulus is needed and will likely happen.  Stocks will like that.

In the US, the virus numbers show we now have 3,159,514 confirmed cases and 134,873 deaths.  For Wednesday, the new case count was 58,000 and 820 deaths.  CA Governor Newsom said Wednesday that the state has the capacity to treat 50,000 virus patients.  (For reference the state now has a 7-day average of over 8,000 new cases/day, though obviously not all cases require hospitalization.)  In partially related news, BBBY reported they will close 200 stores over the next 2 years in an effort to get back toward profitability in the Covid-19 era. 

Globally, the number of cases has reached 12,196,923 confirmed cases and 552,771 deaths.  In Asia, Tokyo reported a record-high number of new cases and Hong Kong also reported a new outbreak (though still not the highest they’ve seen).  Australia’s case surge continues and, alarmingly, only a small percentage of new cases have been traced to a known case or location (implying the virus has spread more widely than previously thought).

Overnight, Asian markets were mixed but mostly green with only smaller markets like New Zealand, Singapore, Malaysia and Indonesia in the red.  In Europe, markets are even more broadly mixed, but on smaller moves either direction.  Among the major European bourses, FTSE is down, DAX is up, and the CAC is flat at this point.  As of 7:30am, US futures are also mixed and closer to flat, likely waiting on the Jobless claims to push one way or the other.

The only major economic news for Thursday is Weekly Initial Jobless Claims (8:30 am).  The only major earnings report for the day is WBA before the open.

Wednesday’s candles showed once again that the bulls have strength.  However, they did not signal a massive rally surge.  Instead, it still seems like the bulls have paused to take a breath after last week’s rally.  The short-term consolidation remains in place for the large-caps.  However, the mega-cap tech names have been pulling markets (especially the QQQ) higher for quite some time.  The “canary in the coal mine” is going to be those FAANG stocks.  If they break, so will the market.  If they maintain their rally, there is nothing the rest of the market can do but follow.  So, keep an eye on those tickers and don’t chase, don’t predict, and take profits as you go. 

Ed

Daily trade ideas have been moved to the trading room and the Members-Only Phone App. Trade your plan, take profits along the way, and smart. 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

Stocks gapped down half a percent perhaps following Europe and perhaps in profit-taking after the recent run-up.  In either case, there was a morning rally to fade that gap and take markets higher.  However, then an all-afternoon selloff took over with prices closing near the lows.  This brings the possibility of a new “lower high” in charts of the large-caps, but the QQQ remains solidly bullish in trend.  On the day, SPY fell 1.03%, DIA fell 1.51%, and QQQ fell 0.69%.  VXX gained 3% to 33.39 and T2122 fell near oversold territory at 22.46.  The 10-year bond yield fell to 0.64% as money bought up bonds and Oil (WTI) fell slightly to $40.49/barrel.

During the afternoon, FB reportedly had a bad call with the organizers of the advertising boycott they are suffering.  Multiple outlets report the call “didn’t go well” as the company failed to address any of the boycott’s 10 demands. So, no change in the positions of the sides, but FB is apparently unfazed since their top advertisers aren’t participating in the boycott and the stock is trading near all-time highs. This all came as a 2-year audit of FB civil rights record (commissioned by FB and carried out by a former ACLU executive) found shortcomings and a mixed record at best as outlined in a 100-page report released this morning.

Three Fed speakers (Bostic, Mester, Daly) also spoke Tuesday and all said problems remain in the economy.  More importantly they see a leveling or even slowing in the recovery over the last week or two.   All three said additional fiscal stimulus is needed from Congress and the White House. They also all reiterated that they don’t foresee Fed tightening or any reduction of monetary stimulus until at least 2022-2023. 

In the US, the virus numbers show we now have 3,097,538 confirmed cases and 133,991 deaths.  This includes 60,000 new cases on Tuesday as 36 states are reporting at least a 5% increase in their 7-day average of new cases.  Among them, TX reported more than 10,000 new cases on Tuesday (a record) as their positive test rate sits at 13.5%.  FL is also seeing a huge spike in test positivity with 16.3% of tests coming back positive.  However, there has seen a little decrease in actual new cases, which was welcome as 78% of the state’s hospital beds and 83% of the state’s ICU beds are filled.  In NJ, movie theatre chains AMC and CNK have filed a lawsuit against the state, claiming that keeping theatres closed is unconstitutional.  Meanwhile, Dr. Birx (White House Task Force) told Bloomberg she praises those governors who have mandated masks despite the President’s resistance, citing TX Governor Abbott specifically.

Globally, the number of cases has reached 11,980,389 confirmed cases and 547,321 deaths.  In Spain, there was a blow to hopes for those who support the idea of “herd immunity.”  A study has found that only 5% of the Spanish population has antibodies, despite being one of the countries hit hardest in the percentage of population contracting the disease. (For reference, experts say 70% would need antibodies to provide effective herd immunity).  The surge in cases also continues in Latin America, with Mexico, Brazil, and several other countries South of the Border reporting record increases.

Overnight, Asian markets were mixed again.  China was up almost 2% and Hong Kong was also solidly green.  However, Japan, Australia, and India were all solidly red while South Korea was down a quarter of a percent.  In Europe, markets are red across the board, but on smaller moves. The minor exceptions to that rule are Greece and Norway, which are just on the green side of flat at this point of the day.  As of 7:30am, US futures are all just on the green side of flat at this point.

The only major economic news for Wednesday is Crude Oil Inventories (10:30 am).  The only earnings reports for the day are MSM before the open and BBBY after the close.

Tuesday’s candles were ugly.  However, the bears still showed no teeth with no panic or heavy selling pressure coming in.  Instead, it just seemed like the bulls paused to take a breath rather than actually showing fear of the virus surge.  With that said, we have to respect the lower-high if we get follow-through today by the large-caps.  So, take care of getting too bullish, but also remember the only bearish traders that have not been punished in recent months are those that are fast and obey their stops. Keep an eye on the short-term chart.  Don’t chase, don’t predict, and don’t be greedy (take profits and move your stops as you go). 

Ed

Daily trade ideas have been moved to the trading room and the Members-Only Phone App. Trade your plan, take profits along the way, and smart. 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