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!
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
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
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.
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.
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
It’s all about the earnings and it would seem the entire world
is waiting on the edge of their seat to see the results. Asian markets closed mixed but mostly lower
as they wait and European index are also pensive this morning waiting on the
wave of earnings results out this morning.
The trends in the DIA, SPY and QQQ continue to hold but thus far have lacked
the inspiration to attack all-time highs.
If earnings are good enough that may be exactly what we do.
However if earnings disappoint than the small-caps currently
the weakest of the indexes could lead us lower and already showing
weakness. Expect significant volatility
over the next few weeks with the possibility of large morning gaps in either
direction as traders and investors digest the results. As always set aside your bias and focus on
the price action. What we want the market
to do is not relevant. How we exercise
our discipline to trade the market reaction is what matters. Which direction we go is all about the
earnings!
On the Calendar
We have a big day on the earnings calendar with nearly 150
companies reporting results today.
Notable reports include, CP, CNC, CIT, KO, EBAY, EW, FITB, FE, HOG, HAS,
PG, IRBT, JBLU, LMT, NUE, SHW, SIX, SNAP, STT SYK, AMTD, TXN, TRU TWTR &
VZ.
Action Plan
After a day of anemic price action markets around the world
continued to trade very cautiously overnight.
Asian markets closed mixed but mostly lower waiting for the US earnings and
reacting to rising oil prices. European markets
currently indicate the same caution with mixed but mostly lower results as they
wait for the earning deluge. As a result
the US early morning futures are modestly lower across the board but that likely
to significantly change as earnings roll out fast a furiously in the pre-market.
Existing home sales came in short of expectations yesterday
despite the lower interest rates. With
that in mind the New Home Sales report at 10 AM Eastern gains in significance and
could move the market today should it also miss expectations. Technically speaking the DIA, SPY and QQQ are
in good shape holding trends while still looking for inspiration to challenge
price resistance levels. IWM on the other
hand is a different story trading well below all-time highs and currently dealing
with a failed new high. Will earnings
prove strong enough to lift the market? Only
time will tell.
The price action battle is on between the buyers and sellers. Last week the sellers printed a Bearish Engulf on Thursday and follow-through on Friday. Yesterday (Monday) the Buyers printed a Bullish Engulf that covered Friday’s Doji follow-through. The buyers still control the trend, hands down! Using the recent Doji low $288.66 as the pivot low the buys have a chance to use yesterday’s Engulf as a key candle to help with there challenge of higher highs. “Of course the question is will they” As boring as this market has been it’s nice to see the profits/losses and the net gain posted in the trading room. “Thanks, Traders!” The VIX continues to show no fear, which points to a bullish market.
🎁 Trade Alerts with LTA has proven to be the #1 alert system in trading. Serious about making money? LTA will provide alerts to you in real-time on your computer screen based on what you are looking for. Candlesticks signal, chart patterns, or a combination of both and in different time-frames. Do you have a special chart pattern? The team at LTA can create it for you.
✅ Hit and Run Candlesticks trade Ideas for consideration: ZAYO, SPWR, XOP, LULU, MAR, DNR, CRZO, GDDY, CAG
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
We saw CRZO popping on the scanner this morning when price was about $12.70. What a nice finish! I have it on the LTA scanner hot list looking for a PBO buy alert on a little consolidation. If you have the LTA scanner and need help setting up a hot list just let me know and I will walk you through it. Have a great evening.
Trade Alerts with LTA has proven to be the #1 alert system in trading. Serious about making money? LTA will provide alerts to you in real-time on your computer screen based on what you are looking for. Candlesticks signal, chart patterns, or a combination of both and in different time-frames. Do you have a special chart pattern? The team at LTA can create it for you.
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
A turbulent 3-day weekend of Easter terror attacks in Sri
Lanka and Mueller report political drama ahead of a big week of earnings report
has the futures pointing to a gap down open this morning. With several markets around the world closed
today and the likelihood that many traders and investors have extended their holiday;
there is the possibility of light and choppy price action after the morning
rush.
With about 800 companies scheduled to report earnings this
week plan for an extra dose of price volatility and don’t be surprised to large
morning gaps. The big question to be
answered is whether or not the earnings will inspire the market to new record
highs or if the analyst’s concerns of an economic slowdown come to fruition in
the company results? Though we may have
had a turbulent 3-day weekend of news the turbulence may just be beginning as
earnings season heats up. Stay focused
on price action and plan your risk carefully for the possibility of bumpy air ahead.
On the Calendar
On the Earnings Calendar we have nearly 80 companies reporting
earnings today but we will have more than 300 reports on Thursday. As the 2nd quarter earnings season
heats up make sure to check reporting dates for all current holdings and those
you’re considering for a buy.
Action Plan
Easter terror attacks in Sri Lanka, Mueller report political
drama, rising oil prices, Boeing facing claims of Dreamliner Mfg. issues, and a
parked Tesla apparently blowing up are just a few of the stories popping up
during the long weekend. There are
several markets closed around the world today as Easter holidays continue. Futures are slightly under pressure this morning
pointing to a gap down of more than 50 Dow points. After the morning rush there is a possibility
of light and choppy price action as may traders and investors have likely extended
their holiday vacation.
With earnings season heating up this week we should expect
increased price action volatility and the possibility of large daily gaps. Check those earnings dates on companies you
hold or are thinking about buying and plan your risk carefully. I think the big question to be answered is will
earnings finally break resistance highs propelling the markets to new records
or will earnings point to the economic slowdown many analysts suggest. Only time will tell so stay focused on price
action for clues and respect support and resistance levels as you plan you risk
moving forward.
Thursday last week the SPY printed a Bearish Engulf and Friday we did see minor follow-through with Friday’s close below the halfway point of the Bearish engulf and a lower low. Price has closed below our blue tightening wedge lines both Thursday and Friday. On the bright side, the SPY chart trend still has a bullish attitude with price closing Friday above the T-Line Bands. If the sellers can print a lowe close today below the green T-Band $286-285, could see a test. A bullish close over $290.35 would suggest the bulls are not finished with there challenge of the $293.95 high. This is a pretty heavy week of earnings, chose wisely when taking on a position or holding a position. With price action still in the bullish side of the T-Bands, we will remain cautiously bullish and continue to trade with clarity and rules.
Trade Alerts with LTA has proven to be the #1 alert system in trading. Serious about making money? LTA will provide alerts to you in real-time on your computer screen based on what you are looking for. Candlesticks signal, chart patterns, or a combination of both and in different time-frames. Do you have a special chart pattern? The team at LTA can create it for you.
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
On this last trading day of the week the market has a full
plate of data to chew through this morning.
Not only will this be the biggest day of the 2nd quarter earnings
season so far but we also have several potential market-moving reports on the economic
calendar before the open. Then, shortly
after the open, Attorney General Bar releases the Mueller Report that’s likely
to trigger a firestorm of political spin and media speculation.
As the market digests all the morning reports it will also need
to consider the risk of the 3-day weekend ahead. I will not be at all surprised if the volume
becomes very light and choppy as we head into the afternoon as traders head out
to take full advantage of this 3-day spring getaway. Our full plate will continue next week as
earnings season ramps up with more than 700 companies expected to report. Carefully pan your risk and have a great
weekend everyone!
On the Calendar
We have 75 companies reporting earnings on this last trading
day of the week due to the Good Friday Holiday.
Notable reports, ALLY, AXP, BBT, BX, CHKP, CFG, DHR, DOV, GPC, HON,
ISRG, KEY, MAN, PM, RF, RCI, SLB, SKX, SNA, STI, SYF, TSM, TRV, UN & UNP.
Action Plan
Futures appear a bit sluggish as we head into a big of data
before and a 3-day weekend. First we the
biggest day of earnings reports so far this season and a busy economic calendar
with Jobless Claims, Philly Fed Bus. Outlook and Retail Sale all coming out at
8:30 AM Eastern. If that were not enough,
Attorney General Bar will release the Mueller Report this morning that is likely
to trigger a firestorm of political spin.
Asian markets closed in the red across the board last night and European
are currently showing mixed results after a disappointing manufacturing report.
Although US Futures have rallied from overnight lows they
are still pointing to slightly bearish open as I write the morning note. Don’t be too surprised to price action become
light and choppy after the morning hubbub as traders and investors head out
early to take full advantage of the 3-day weekend. With the market continuing to struggle against
the all-time resistance levels consider the risk carefully you carry into the
long weekend. I wish you all a great day
of trading and a wonderful Good Friday holiday weekend!
The SPY closed yesterday with a Bearish Engulf and closed below our narrowing pattern (I talked about the narrowing pattern in yesterdays morning blog) When we see a candle signal or pattern has printed it is important to wait for confirmation before making a huge commitment. A close below $289.40 would suggest about $287.30 may be the next pit stop. Of course, if the Bulls find a spark to run with a close over yesterdays high would surely see a challenge of the $293.95 area. Remember tomorrow is Good Friday and the market is closed, we will be treating today as our Friday and pulling a few trades off the table. Having the right tools to do the job is important, we all know that! What would you think if you changed tires for a living and didn’t have a jack, having the right tools is important for success.
Posted 4/17/2019 You can see from the SPY chart (above) the trend channel is narrowing as price moves closer to the SPY all-time high. As price narrows, I will be watching for a decisive break one way or another (Bullish or Bearish). Usually, when price narrows and builds pressure, a move is in the works.
✅ Trade-Ideas for consideration: No trade ideas today. We will call trades from the scanner live today. Will will also post a good setups in the trading room and the App
Drive it for 30-days, your quality of charts will increase. I never leave home without it.You know your the best when other educations use your work.Rick’s Favorite Charting Software
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
