We have made it so easy Just like the Easy Button LTA – Live Trading Alerts has a few new features like “Pre-Configured Alerts.” Live Trading Alerts has solved the problem of finding great chart patterns and setups.
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 US tariffs increased by 25% and we are still waiting the
Chinese promised response as trade negotiations continue in Washington D.
C. Asian markets closed mixed but mostly
higher overnight and European markets are also in rally mode this morning and
green across the board. US futures fluctuated
substantially overnight but as we move toward the open hope of a deal continues
to well up.
This week has created significant technical damage in the
charts and its very difficult to know what to do as we wait for negotiations to
conclude and the Chinese response to the tariff increase. While the trade talks are front and center we
also have to consider the rising tensions with North Korea and Iran as we
consider the weekend risk.
On the Calendar
We have a little rest on the Earnings Calendar with just short
of 120 companies reporting today. Notable
reports include DS, ENB, JD, MAR & VIAB.
Acton Plan
As US/China negotiations continue in Washington D.C. the
president did as he said and raised tariffs by 25%. At this time China has yet to respond but
promises that it will do so with equal tariffs on US products. During the night futures were all over the map
swing from up more than 100 points to down nearly 100 points as we neared the
midnight deadline.
This morning the futures are suggesting a mixed and modest
open but that could easily change as earnings reports roll in and we get the
latest reading on the CPI at 8:30 AM Eastern.
With the current technical damage and waiting for China’s response it’s
very difficult to access the risk of holding or adding new position ahead of
the weekend. The trade war may be the
least of our worries as issues in North Korea and Iran continue to escalate. Plan your risk carefully and have a wonderful
weekend everyone!.
✅ Today let’s look at my dark chart. The dark chart has three trend lines the 3-EMA (Magenta) and the T-Line (8-EMA with Green/Red Dots). As you can see 👀 four candles ago the dots went from green to red and the Magenta line (3-EMA) crossed below the T-Line (Red/Green Dots). Both the 3-EMA and the T-Line have also crossed below the 17-EMA (Yellow), all this with price action leading the way. The last meaningful time this happened was around October 5, 2018, and the SPY corrected about 20%. 👼 The trend is your friend, and this little 3-moving average trick might help you find a good friend. When all three moving averages are in the bear position, we might look for a weak or failing relief rally to short. And when all three moving averages are in the bull position, we might look for minor profit taking PBO’s to go long. Always looking at price action and support.
🎯 I use 3 of the best tools in the world for trading stocks and options. 👉TC2000 for charting, 👉LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. 👉TradeHawk for placing the trades. Crazy enough, not one of them are expensive.
👍 A good tool improves the way you work. A great tool improves the way you think. – Jejj Duntemann
You are invited the Hit and Run Candlesticks and Right Way Options Trading Rooms! Click this link: Registration for more details. Register and we will email you the login information. You will be able to come and go as you want for two days. ✅ Hit and Run CandlesticksRoom Times; 8:10 am to market close ✅ Right Way Options Room Times; 11: am Eastern to 1: oo pm Eastern 11:00 am Eastern to 1:00 pm Eastern
You know your the best when other educations use your work.
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 expected price broke through the lower T-Band, now headed from the 50-SMA. The Bearish Engulf on 5/1/2019 poked the bear, and now for the past five days, the bear has, well, being a bear. After the Bearish Engulf, we saw follow-through then a failed high, followed by a lower low and yesterday has now made a lower low. Lower lows and lower highs suggest there are more sellers than buyers. The LTA Scanner 👉 has been alerting of the bear poking with the following alerts. (Bearish Engulf), (Bear High Yesterday or Today in T-Bands Now Below) (Bear T-Line Band Breakdown). And the (Bear 3×8 Trap). The VXX has been full of fear the past 3-days, no an RBB setup. The VXX has also alert on the LTA scanner as it broke through the T-Line and T-Line Bands. Todays Challenge will be to monitor today’s candle (price action) using the current trend and yesterdays candle as a backstop.
💲 The LTA Scanner has been alerting of the bear poking with the following alerts. (Bearish Engulf), (Bear High Yesterday or Today in T-Bands Now Below) (Bear T-Line Band Breakdown). And the (Bear 3×8 Trap). The VXX has been full of fear the past 3-days, no an RBB setup. The VXX has also alert on the LTA scanner as it broke through the T-Line and T-Line Bands. Todays Challenge will be to monitor today’s candle (price action) using the current trend and yesterdays candle as a backstop. 👉1-Will the 50-SMA act as support? If not $282.40 a probable test. 👉2-Will the buyers push price back over the T-Line and into the lower band. Or 👉3- Will price start to dry up and walk sideways? These are a few of the clues in the chart we will be watching.
✅ 💰 Here are a few long and short tickers I am adding to a watchlist for consideration only. Trades may or may not be taken. CVS, I, CNC, F, FSLR, RCII, NWL, KEYS, SEE, XLNX, PANW, W, MAS
You are invited the Hit and Run Candlesticks and Right Way Options Trading Rooms! Click this link: Registration for more details. Register and we will email you the login information. You will be able to come and go as you want for two days. ✅ Hit and Run CandlesticksRoom Times; 8:10 am to market close ✅ Right Way Options Room Times; 11: am Eastern to 1: oo pm Eastern 11:00 am Eastern to 1:00 pm Eastern
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
Trade war uncertainty, growing tensions with Iran and more than
400 companies reporting earnings; When it rains it pours! Markets hate uncertainty and we sure have a pot
full of it this week giving the indexes as well as traders and investors a case
of indigestion trying to digest it all. Asian
market closed in the red across the board last night in reaction to the tariff
fears and surprises in Chinese trade data.
European indexes are currently modestly lower across the board as well
this morning.
The sharp selloff yesterday broke US index supports creating
some significant technical damage in the charts. Currently the US futures are suggesting a
lower open of more than 100 Dow points but that has been fluctuating substantially
and could be very different by market open as earnings reports roll in at a
furious pace this morning. Expect very
high volatility with fast price action to challenge all traders. Buckle up the bumpy ride continues down a
very uncertain path.
On the Calendar
We have a huge day on the earnings calendar with more than
400 company’s reporting. Some of the
notable today include, DIS, ETSY, ACM, ALB, APLE, GOLD, CVNA, FUN, CTL, CHK,
CXW, COTY, BREW, FOSL, FOXA, GDOT, HMC, TWNK, IAC, MCK, NYT, ODP, PAAS, PRGO,
ROKU, SBRA, SRPT, STMP, SWCH, TM, VER, VIS & WEN.
Action Plan
Futures that were positive most of the night turned sharply
lower at about 4 AM Eastern time this morning.
According to CNBC a diplomatic cable for Beijing arrived in the oval
office late last Friday evening with edits that removed most the China concessions
and destroyed months of negotiations. The
president’s Sunday decision raise tariffs on Friday was the result of this
action. Here is the link to the full
story https://cnb.cx/304DBGc.
Iran has issued new threats suggesting they no longer want
to live by the nuclear agreement they signed just a couple years ago raising
tensions with the US. As the old saying
goes, When it rains it pours! Toss in
more than 400 earnings reports today and the market has more than enough fodder
to continue with volatile price action. Yesterday’s
steep selloff may have put us in a short-term oversold condition but having broken
through important supports more lows are certainly possible. However, we should also be on the lookout for
the possibility of a short covering relief rally so be careful not to chase the
morning gap.
✅ As expected price broke through the lower T-Band, now headed from the 50-SMA. The Bearish Engulf on 5/1/2019 poked the bear, and now for the past five days, the bear has, well, being a bear. After the Bearish Engulf, we saw follow-through then a failed high, followed by a lower low and yesterday has now made a lower low. Lower lows and lower highs suggest there are more sellers than buyers. The LTA Scanner 👉 has been alerting of the bear poking with the following alerts. (Bearish Engulf), (Bear High Yesterday or Today in T-Bands Now Below) (Bear T-Line Band Breakdown). And the (Bear 3×8 Trap). The VXX has been full of fear the past 3-days, no an RBB setup. The VXX has also alert on the LTA scanner as it broke through the T-Line and T-Line Bands. Todays Challenge will be to monitor today’s candle (price action) using the current trend and yesterdays candle as a backstop.
💲 The LTA Scanner has been alerting of the bear poking with the following alerts. (Bearish Engulf), (Bear High Yesterday or Today in T-Bands Now Below) (Bear T-Line Band Breakdown). And the (Bear 3×8 Trap). The VXX has been full of fear the past 3-days, no an RBB setup. The VXX has also alert on the LTA scanner as it broke through the T-Line and T-Line Bands. Todays Challenge will be to monitor today’s candle (price action) using the current trend and yesterdays candle as a backstop. 👉1-Will the 50-SMA act as support? If not $282.40 a probable test. 👉2-Will the buyers push price back over the T-Line and into the lower band. Or 👉3- Will price start to dry up and walk sideways? These are a few of the clues in the chart we will be watching.
✅ 💰 Here are a few long and short tickers I am adding to a watchlist for consideration only. Trades may or may not be taken. CVS, I, CNC, F, FSLR, RCII, NWL, KEYS, SEE, XLNX, PANW, W, MAS
You are invited the Hit and Run Candlesticks and Right Way Options Trading Rooms! Click this link: Registration for more details. Register and we will email you the login information. You will be able to come and go as you want for two days. ✅ Hit and Run CandlesticksRoom Times; 8:10 am to market close ✅ Right Way Options Room Times; 11: am Eastern to 1: oo pm Eastern 11:00 am Eastern to 1:00 pm Eastern
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
What a nice recovery in the SPY yesterday opened at $289.24 and closed at $292.82, also closed back in the T-Line Bands. Yesterday’s price action tested and bounced off the March 8, trendline. Here are a few of my concerns, May 1 was a Bearish Engulf with follow-through, then a challenge that failed and then there’s yesterday’s new low. So have a high/ low – lower high/ and a lower low. A close below the May 3, trendline and below yesterday’s low could trigger a bit more selling. No doubt yesterday’s candle (price action) was impressive but, it’s the following days that need follow-through that makes us money. THE VXX chart did close over the T-Line Bands and is in trend position to create a bullish pattern. Let’s all exert a little caution!
💰Yesterday we added to our SBUX trade on the pullback and bought ORCL. Both of these trades came from the LTA Alert Scanner Alerts
✅ 💰 Here are eleven tickers I am adding to a watchlist for consideration only. Trades may or may not be taken. VXX, SQQQ, XBI, SPXS, OLLI, ABT, SPXS, MJ, OECL, SBUX, AIG, GS.
You are invited the Hit and Run Candlesticks and Right Way Options Trading Rooms! Click this link: Registration for more details. Register and we will email you the login information. You will be able to come and go as you want for two days. ✅ Hit and Run Candlesticks Room Times; 8:10 am to market close ✅ Right Way Options Room Times; 11: am Eastern to 1: oo pm Eastern 11:00 am Eastern to 1:00 pm Eastern
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 nasty gap down followed by an amazing recovery rally,
futures are currently pointing to a gap down open of more than 100 points. Volatility is likely to remain high as the
drama plays out between the US and China.
Asian markets closed mixed overnight and European indexes are red across
the board with new 25% tariffs scheduled to go into effect at 12:01 Friday. Tensions are high and according to reports China
has walked back most of the major concessions previously made.
Add to that a week chalked full of earnings and the stage is
set for considerable volatility the possibility of big overnight gaps making trading
in the current environment more like gambling amidst all the turmoil. Day traders will likely have the upper hand and
swing traders may find it difficult to impossible to hold on to an edge over
the next several days. So far this has
been a great year of profits be careful not to give those gains back trying to
trade such uncertainty. It may be wise
to back off, protecting your capital, and remember you don’t have to trade
every day to be a successful trader.
On the Calendar
On the Earnings Calendar we have a very big day with more
than 380 companies reporting. Among the
notable reports, DDD, ALGN, ABEV, BUD, CHUY, CNX, CROX, DBA, DF, DFRG, EA, EMR,
ENR, RACE, IT, HUBS, JAZZ, KGC, LC, LPX, MLCO, MYL, OHI, PZZA, PBR, PBPB, QRVO,
SEAS, SRE, RGR, TRIP, WU, & WING.
Action Plan
After a remarkable rebound rally yesterday where traders shrugged
off trade war concerns and the escalation of tensions between the US and Iran
face another gap down this morning as markets around the world respond
lower. Although the Vice Premier is
joining the trade negotiation team on Wednesday, China has walked back most of the
major concessions made in the 150-page trade deal according to reports. The president as also followed through on his
threat setting the 25% tariff increase for 12:01 Friday. I think it’s fair to say the tensions are
high and currently relations have taken a big step back.
As I write this US futures are pointing to a gap down of
more than 100 in the Dow but that could easily change considerably with so many
companies reporting results this morning.
The fact volatility is likely to remain quite high over the next several
days setting the stage for big gaps and possible overnight reversals. In this kind of condition trading becomes much
more like gambling and having any kind of edge for the swing trader is near to
impossible. If you do decide to trade it
would be wise to keep the positions smaller than normal in light of the volatility
and be careful not over trade.
After a glowing jobs report on Friday the bulls appeared
solidly in control but then some nasty weekend bombshells reversing that
comfortable Friday feeling into dread and confusion. What a difference a weekend makes! Weekend bombshell number-1 landed when the
president announced the plan to raise tariffs against China by 25% this
Friday. China is not considering pulling
out of the negotiations scheduled on Wednesday.
Weekend Bombshell number-2 landed with Iran behind new rocket attacks in Israel forcing the US to send a Carrier Group and bombers back into the Persian Gulf. If that’s not enough toss in a huge week of earnings reports and we have a recipe for extreme volatility. Currently the futures point a large gap down likely trapping many traders with painful losses at the open that could easily create more selling pressure. Fasten those seat-belts it’s likely going to be a very rough ride today.
On the Calendar
On the Earnings Calendar we have around 225 companies
reporting earnings today. Some of the
notable reports include AIG, AWR, BHC, CBT, TACO, FRGI, GLUU, HTZ, LBTYA, OXY,
PETS, SKT & SYY.
Action Plan
What a difference a weekend can make. We closed on Friday with the bulls in control
after a fantastic jobs report with the hope of a forthcoming trade deal this
coming Friday. With the President now
planning to increase tariffs by 25% on Friday, China may cancel the next round
of negotiations scheduled to begin on Wednesday. If that’s not enough Iran is once again acting
up and armed conflict with the country may be on the horizon. Toss in a huge day of earnings reports and we
have a recipe for some bad tasting volatility.
Asian markets closed sharply lower overnight as you might
have expected in the face of escalating trade tensions. European markets are surprisingly mixed with
the FTSE modestly higher while the DAX and the CAC are sharply lower. As a result, the Dow Futures are pointing a
gap down of nearly 500 points while the NASDAQ futures are looking at a whopping
170 point slide south at the open. There
will be more than enough pain to go around this morning but try not to panic. Focus on the price action of the charts and
make solid business decisions rather than emotionally based reactions.
So that’s
how it feels when the DOW drops 500 points on a Sunday night. Sure glad we use
Fridays as a day to delete a little of our inventory. If a trader has been
following a T-Line strategy, you would have been making money from the first
pullback after the December low. Overall a gap down this morning should not affect
the portfolio that much. Yes, there may be some losses taken today but not to
the extent of the gains the past 4-months. My plan of action today is brewed a
cup of coffee and pick up a box of donuts on the way to work. Manage the
positions I have to take a few profits/losses maybe. But the last thing I am
going to do is buy new positions without the proper chart set up or because of
desperation. Its times like this that your business decisions are the most important
and your trading is your business. $287.00, $284.75, $281.75 will be important price
targets for the bears to capture and the bulls to defend.
✅ Profitable trading takes time and education, and a trader must have the proper tools. Hope to see you in the trading room and our educational workshops.
✅ 💰 Because of the pre-market price action, we will wait for the market to settle and the LTA Scanner alerts for trade ideas.👇
Game Changer: Live Trading Alerts – A tool that saves a trader time, focuses their attention onto the few stocks/ETFs (at any given second of the day) that exhibit EXACTLY the behavior (price pattern, signal and movement) a trader desires. No flipping through charts, no waiting on someone to recommend a chart, no missing trades or uncertainty about when to act…just actionable, real-time alerts of specific trade setups.
You know your the best when other educations use your work.
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
