Drinking from a fire-hose of data.

by
fire-hose of data

Take a deep breath and be prepared for volatility this week as the market is forced to drink for a fire-hose of data.  With more than 1300 companies reporting and an economic calendar full of potential market-moving reports including the FOMC Announcement on Wednesday and the Employment Situation number on Friday.  Then to keep in interesting let’s raise the hope of a US/China in the news first thing Monday morning. 

With so much fo the market to try and digest traders should be prepared for volatile price action particularly on Wednesday afternoon if the FOMC decides to become a bit more hawkish in light of the stronger than expected US economic numbers.  The DIA, SPY and QQQ continue to maintain strong uptrends but ahead of all this data it’s impossible to know how the market will react.  Plan your risk carefully and be prepared for the possibility of challenging price action as the market gulps down this fire-hose of data.

On the Calendar

calendar

We kick off a big week of earings with nearly 160 companies reporting today.  Some of the notables today, AKS, AMX CYOU, SNP, CHA, CTB, EPR, LEG, GOOGL, L, MGM, NUSA, NPXI, PTR, THC, RIG, WDC & YUMC.

Action Plan

If you were planning a set of market conditions to create potential volatility and make it very very challenging to trade you would be hard-pressed to top the conditions set before us this week!  Not only do we have a massive week of earnings reports we also have an earnings calendar heavy laden with market-moving reports.  Toss in the FOMC where the strong economic numbers that could have the Fed speaking a bit more hawkish and for good measure raise the hopefulness of US/China trade deal in the news. 

Asian markets closed mostly lower overnight with Japan closed for a 10-day holiday.  European markets are slightly lower across the board this morning as it reacts to weak euro-zone data once again raising fears of a slowing global economy.  As I write this US Futures are mixed and mostly lower as we wait for fresh earnings reports and the Personal Income and Outlay report at 8:30 AM Eastern.  The trends in the DIA, SPT and QQQ remain strong but be prepared for considerable volatility this week with the possibility of large morning gaps and intra-day reversals as the market drinks from a fire-hose of data.

Trade Wisely,

Doug

Crazy Wall of Worry

by

The Wall of Worry can make for crazy trading days and days of boredom as we have seen in the past few weeks. Friday was the 21st day the SPY has closed over the T-Line which suggest the market is happy with last weeks round of earnings. Today is the start of another full week of earnings and the sane can be applied. Each day we will have earnings and each day we will monitor price action and where it is in relationship to the T-Line. If the price closes below the T-Line but closes in the band, consolidation, and opportunity maybe around the corner. Closing below the bands altogether puts the sellers in the driver seat, and we may have to alter our direction. Let’s keep watch on the VIX- chart; price is curtly flirting with the 200-SMA on the 15-min chart, And the 200-SMA is tilted upwards because of the big move the VIX- did a few bars back.

📽 In my youtube channel, you will find hundreds of videos. It’s free and can be very educational. I hope you take some time and look them over.

✅ The following are eight trade ideas I am adding to my watch-list for consideration over the next few days.. URI, TXN, SYMC, NKE, LULU, GS, ANF, ADBE.


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.

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

Challenge

by

We have had a very busy week of earnings with mostly encouraging results but also some manor disappointments to challenge traders.  However, this week pales in comparison to the challenges we face next week with nearly 1300 companies reporting and an economic calendar brimming with market-moving reports including the FOMC meeting.  It might be wise to consider that as you plan your risk into the weekend.

Asian markets closed mostly lower overnight with European markets trading mixed an nearly flat.  As a result, US futures have mixed results ahead of the GDP report at 8:30 AM Eastern that could well set the tone for the day.  Worries of an economic slowdown could be quelled with a strong GDP number or cemented if the number comes in weak.  Let’s buckle up hoping for the best but prepared for the worst keeping mind the challenge traders face next week mean we will have to be focused and at the top of our game.

On the Calendar

calendar

On the Earnings Calendar we have a little break with only 88 companies reporting but with about 1300 companies reporting next week we must stay focused on reporting dates.  Among the notable reports today are, AZN, AN, BLMN, CVX, CL, DB, XOM, BEN, GT, SNY & WY.

Action Plan

Although we have a slightly lighter day on the earnings calendar we will still have to say on our toes with several notable reports.  The market will also have to digest the GDP report scheduled to release at 8:30 AM Eastern this morning.  If the GDP happens to show growth as many analysts are suggesting it could be just the catalyst needed for the bulls to break through the resistance highs on the SPY.  Of course a decline in the number could cement the worries of an economic slow down bringing out the bears.  Stay on your toes!

Thought the sharp pullback in the DIA yesterday was disappointing it managed to hold just above an important support level.  The SPY and QQQ remain in upward trends and continue to look technically strong with the QQQ leading the indexes.  As we move quickly toward the weekend remember to take some profits and carefully consider the risk you carry into the weekend because next week is a massive week of earnings and economic news including the FOMC.  I wish you all a great weekend.

Trade Wisely,

Doug

Buckle Up It’s Friday

by

The SPY closed with a Doji yesterday above the T-Line and the T-Line Bands in a bullish trend. Yesterday produced a pretty good battler between the buyers and sellers. The DIA’s made it down to the lower band support line and close up near the mid support band line. The VIX-X chart also played in yesterdays fun popping up to $13.29 before closing at $13.25. The VIX-X closed over the T-Bands with higher lows and a little bottom construction. I doubt the VIX-X is finished with it’s fun in the playground. There is a bit of fear starting to brew, and the VIX-X chart is a great place to watch it unfold. Note that if the Fear rises the SPY may fall below the T-Line and test the lower T-Band. Buckle up; it’s Friday.


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.

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

Earnings are like a box of chocolate’s

by
chocolate’s

To rephrase a line from Forest Gump, Earnings are like a box of chocolate’s; You never know what you’re going to get.  Positive big tech reports lift MSFT into the trillion dollar club and FB shares leap 7% despite the expectation of a huge FTC fine.  As a result NASDAQ futures point to modest gap up open with the Dow futures point to triple point gap down after a disappointing MMM earnings miss. 

Asian markets struggled with stimulus concerns closing mostly lower overnight and the European markets are modestly lower across the board this morning amid their earnings reports.  With about 300 companies reporting today and a Durable Good report at 8:30 AM Eastern we still have a lot of random chocolate’s to try and digest this morning.  It’s never a dull moment during earings session so tighten up that seat belt it could be a bumpy ride ahead.

On the Calendar

calendar

Today is the biggest day of the week in the Earnings Calendar with around 300 companies reporting.  Some of the notable reports today include, AMZN, MMM, ABBV, AFL, MO, BCS, BMY, COF, CERN, LFC, CLF, CMCSA, CUBE, DHI, DLR, DFS, F, FCX, HSY, ITW, INTC, IRM, MAT, RTN, SFLY, LUV, SBUX, SIVB, UBS, UPS, VLO, WM and XRX.

Action Plan

After reporting very strong earnings after the bell yesterday MSFT joined the very few companies to reach the Trillion market cap company.  FB jumped 7% as investors shrug off the possibility of a 5 billion dollar FTC fine for privacy violations.  After reporting a huge earnings miss and their largest quarterly loss ever TSLA shares seems to hold firm near yesterdays close.  What’s a little confusing is that futures are currently pointing to gap down open of more than 100 points after the big tech’s reported so well.  Forest Gump should have said, earnings are like a box of chocolate’s; you never know what you’re going to get!

Asian markets closed mix but mostly lower as China wrestles with more stimulus concerns.  European markets are in the red across the board this morning currently holding only modest declines.  The big news this morning is the huge earnings miss from MMM currently indicating more than a 20 point decline from yesterdays close.  Ouch!  With so many companies reporting today anything is possible by the open and remember we still have the Durable Goods report at 8:30 Eastern to also digest before the open.  Buckle up it could be a bumpy road ahead this morning.

Trade Wisley,

Doug

MMM Earnings Spanking DIA’s

by

Pre-market earnings on MMM giving the market a little spanking. It Looks like the DIA’s will be testing around the T-Line today after closing bullishly above the T-Line for the past 8-days. VXXB closed yesterday with a Bullish Morning Star pattern suggesting the nervous traders are getting a bit more nervous, and the FANG ETF chart is whipping around this morning. The SPY seems to be holding up in the Pre-market, but it’s early as I write this blog. It’s looking like today will test the confidence of many traders, having a solid risk plan on each position held will help to keep calm and focused. The close yesterday suggested the market was in for a little profit taking today, even with minor (emphasis on minor) profit taking the SPY and the overall market is still trending. The Live Trading Alerts Scanner will be very helpful today with charts alerting Bullish or Bearish Action.

✅ Hit and Run Candlesticks trade Ideas for consideration: TXN, PLUG, FDX, DG, ANF, AMAT, PCG, VXXB

You know your the best when other educations use your work.

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

APPL and LTA Alert Software

by

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

AAPL Trade/Trade Alerts

by

The Live Trading Alerts Software is 100% instrumental to my personal trading. Finding the trades, entering the trades, managing the trades, and profiting alerts. Yesterday April 23, 2019 I pulled 30.5% off AAPL a head of earnings. We love base hits!

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

Record-Breaking Day

by
Record-Breaking Day

Yesterday was a record-breaking day with the QQQ smashing through all-time highs with the SPY and DIA following closely behind.  If the huge round of earnings today continues to inspire the bulls perhaps DIA and SPY can join the party with new record prints.  During the night Australia’s market celebrated with the US touching a 10-Year High while Asian markets struggled, closing mixed but mostly lower.  European markets appear cautious this morning, currently trading mixed but mostly flat.

With more than 200 companies reporting earnings this morning US Futures seem to be taking a wait and see attitude in the pre-market trading.  As a result roll in anything is possible so stay focused on the price action and guard yourself against getting caught up in morning hype making emotional decisions.  Expect considerable price volatility this morning with possible record-breaking attempts as markets react always keeping in mind the possibility of reversal if earnings happen to disappoint. 

On the Calendar

calendar

We have a big on the Earnings Calendar with more than 200 companies reporting.  Among the notable reports are CMG, TSLA, APD ALGN, T, ANTM, AVB, BA, SAM, CAT, CINF, CTXS, CS, CVI, DPZ, FB, GD, LRCX, MSFT, NDAQ, NSC, NOC, NVS, PYPL, SIRI, SAVE, SWK, TROW, TUP and V.

Action Plan

A record-breaking day yesterday with the bulls finding more than enough inspiration to push through resistance on the QQQ which is now up 32% from last Decembers low.  The SPY and DIA are also within striking distance of new all-time high records that could be very easily achieved today assuming earnings continue to roll in above the lowered estimates.  How interesting it is that earnings growth is expecting to decline, but as long as stocks continue to beat lowered estimates the market goes higher. 

Yesterdays now New Home Sales number that surged well above estimates was a particular bright spot yesterday for the strength of the economy.  Asian market struggled overnight closing mixed but mostly lower while Australia’s market reached out to 10-Year highs.  This morning European are mixed but essentially flat as they also react to earnings reports.  As I write this Dow futures point to a modest gap up while the other indexes are currently flat to slightly lower as we wait for another huge day of earnings reports.  With both BA, CAT and T reporting before the bell the actual open of the Dow could be far different than it currently suggests.  Expect significant price volatility this morning.  

Trade Wisely,

Doug

Strong Earnings Strong Day

by

Another strong day in the market due to strong earnings. Yesterday marked the 16th day the SPY has closed over the T-Line (8 Expediential moving average). Yesterday’s candlestick closed at $292.88, well over the concerning bearish engulf a few days ago. Price action dipped into the T-Line Bands for a couple of days finding new money before launching an attack on the breakout and new highs. Our outlook remains bullish as long as price action continues to build new highs and higher lows above our lower (RED) T-Band. We will continue to monitor the Live Alert Scanner for buy alerts and setups like the T-Band Moving Up, The RBB Alert, The PBO  Alert, and The 3 X 8 Trap Alert. Did you know there are over 140 pre-built scans/alerts?

✅ Hit and Run Candlesticks trade Ideas for consideration: SWKS, COST, WYNN, BBY, SYMC, T, SPWR, TGT

You know your the best when other educations use your work.

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