In this e-Learning Doug Campbell explains the MACD indicator as well as why Price is really king.
Click to watch Video
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
The SPY closed above the February high yesterday giving the bull another shot of Adrenalin to climb the wall if worry. The continuation pattern coming off the Red/Green Trendicator seems in good shape. The Red/Green is trending and the T-Line is trending above, when the engine runs it runs well. The next challenge for the bulls should be around $278.15 and a close below $270.00 good give the bear a little hope. The VIX-X chart is showing no fear hiding out under the Red/Green trend. We are still on vacation in Alaska, I have lived most of my life and it still amazes me.
Here are 4 stocks I am interested in, I will be looking for bullish follow through and positive trading. SNAP, AA, STZ, JUJ
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our training room.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
Yesterday the market celebrated Congress passing a deal to
avoid another government shutdown but we sill have another hurdle to clear, the presidents signature. He has remarked that he doesn’t like the deal
but has also said he doesn’t think there will be another shutdown. Markets
are higher around the world on hopes that US/China trade talks are progressing positively. Although there has been no news of progress the president seems to have softened his tariff deadline. Talk about keeping the market on the edge of its
seat!
Futures are bullish this
morning ahead of a big day of earnings and a potential market-moving CPI report
out before the open. The bulls are large
and in charge and trend continues to rise but I continue to see signs of diminishing
momentum and some overbought conditions.
Stay bullish but stay focused on price action clues of weary bulls and
profit-taking. This late in the rally be
careful not to overextend and remember to take some profits along the way!
On the Calendar
On the Earnings Calendar we have a very big day with 170
companies reporting. Among the notable
reports keep your eyes on, AIG, FUN, CTL, DBA, EQIX, FOSL, DLPI, HCP, HLT, H,
KGC, LPX, MRO, NTAP, STAG, SPWR, WCN, WMB, WH & YELP.
Action Plan
After a big day up as the market responded to Congressional
deal to avoid a shutdown. Now it’s up to the President to sign it and
although he says he doesn’t like it he also said he doesn’t think there will be another shutdown. Let’s hope he does sign it because if not the
market will be very disappointed and
react negatively very quickly.
Today we have a big day of earnings and a CPI report for the
market to chew on before the open. The Asian market
and European markets are bullish on hopefulness of US/China trade negotiation progress. To my knowledge there has not been any news
on the subject other than President has mentioned he may soften his tariff
deadline position. As a result, Us Futures
currently point to a bullish gap up open.
I plan to remain bullish on the market as long as the trend holds but with
T2122 pegged near 100 I also want to careful
not to overextend with long positions.
For the past three days the SPY has been building a Bullish Continuation pattern and with the Government shut down deal I would suspect today will be another building block to the bullish continuation pattern. The Red/Green Trendicator is rising and price action is constructing a bullish pattern. I like that the T2122 chart has headed back up, but I don’t really like that it is back in the overbought area. Watch price action and always keep the trend in you favor.
FYI: I am in Alaska on vacation and yesterday I closed MDLZ for a nice 55% profit while looking at the beautiful Eagle River mountains and the sun come up. Here’s a nice way to start the day looking over the Keni River. I love being a stock trader.
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our training room.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
Yesterday’s indecisive
price action yesterday gave way to bullish excitement
during the evening after hearing the Congress has a deal to avoid another government
shutdown. The good news spread around
the world with Asian markets closing with
substantial gains across the board. European
markets are also currently bullish across the board
with US Futures pointing to a Dow gap up around 200 points.
As exciting as this is please remember we still have the US/China
trade negotiations to deal with and the possible
tariff increase at the end of the month.
Let’s hope the negotiations
progress quickly and positively to clear this major stumbling block from the bullish
path of the market. Yesterday we
experienced a pop and drop because buyers failed to support the morning gap.
With the much bigger gap this morning we must also be careful not to chase and make sure buyers step supporting such a
big pop. News on then trade negotiations front could still create significant
price volatility so stay on toes and focused on price action.
On the Calendar
On the Earnings Calendar 113 companies
stepping up to report today. Among the
notable today are: ATVI, AYR, AKAM, ARCC, BXMT, DENN, GRPN, HUBS, TAP, OXY,
SHOP, STE, TRIP, TWLO, UAA, WELL.
Action Plan
After a day of market indecision one of the stumbling blocks
appears to have been cleared last night as the Congress looks to have finally agreed on the budget avoiding another government
shutdown. US Futures almost immediately started to rally on that news and good
news has at this moment is suggesting a substantial gap up of more than 200 Dow
points.
Can we now sound the all clear? Not yet, remember we still have the bigger of
the stumbling blocks, US/China trade.
News on the current negotiations
could easily move the market dramatically so stay on your toes and don’t blindly chase this morning excitement at the
open. The trend is bullish and the bulls
are clearly in control but let’s make
sure we have buyers supporting this gap and not have the pop and drop we
experienced yesterday if you’re holding
long positions that gap into profit this morning remember that gaps are
gifts and consider taking some of those gains the bank.
Bullish trends coupled with a solid defense of key support last Friday
are providing a warm a fuzzy feeling this morning as the futures suggest a gap
up open. Positive earnings results have
played a key role in providing the
bullish energy and with another big week of earnings ahead lets hope that
continues. However, there are some very
big stumbling blocks traders will have to keep an eye on this week that could
easily derail current sentiment.
At the top of the list is the resumption of the US/China trade negotiations which of course the market is very sensitive too and
could quickly reverse the market on any negative new report. Secondly the Congress must work through their budget impasse or we face another
government shutdown Friday night. We should
expect the political spin to be disruptive. Last
but not least is the lingering threat of a global slowdown and possible recession
that keeps popping up in the news and weigh on the collective conscience of the
market. Let’s ride the bullishness as
long as it lasts but make sure you have a prepared plan if the bulls lose
footing due to political uncertainty.
On the Calendar
On the Earnings Calendar we have 110 companies stepping up to report results. Among the notable reports today are, BHF, RE,
L, OHI, RICK, QSR & VNR.
Action Plan
The market faces a
very interesting week as the US/ China
trade negotiations resume and Congress
wrangles to break the impasse that could lead
us into another government shutdown on Friday.
There is also more rumbling in the news of
a possible global recession for the market to chew as well as a big week of earnings
reports. Despite the political uncertainty
the futures are pointing to a positive open this morning with European markets bullish and Asian markets have closed mixed on the day.
On Friday the Bulls did a very good job of defending key
price support levels. DIA 250, SPY 267, QQQ
166 & IWM 145. With the overall market
trend still bullish and Friday’s bullish defense the expected morning open paints
a positive chart pattern assuming the bulls can follow through. T2122 has relaxed enough
to give us room to the upside and the bulls have an obvious momentum
advantage. As good as all that sounds
remember the rules about chasing a morning gap.
Remember no matter the warm of the fuzzy
feeling of bullishness, political news certainly has the power to quickly shift sentiment so stay focused on
price an plan your risk carefully.
In this 1-hour overview, Rick Saddler founder of Hit and Run Candlesticks talks about his trading routine throughout the day. Hopefully, this will help answer questions for fellow traders.
Rick Saddler has been swing trading for the past 31 years and loves to share his experiences with candlestick signals and candlestick patterns. Trading with price action and chart patterns have been the key to 307% trading profits in 2018.
The charts in this video are for educational purposes only. No
communication from Hit and Run Candlestick Inc should be considered as
financial or trading advice. Past performance does not guarantee future
results.
Live Trading Alerts News
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our training room.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
So the question is, do we buy, sell or hold? Let’s take a look at the chart, from the December lows the bulls have built a bullish trend, and the trend is still intact. Price action trend has been as of yesterdays close still is making new highs/higher lows. February 5, price action made a new high and is now pulling back toward the bullish trendline. The TC2000 T2122 chart was pegged and has now rolled over signaling a pullback.
Here is what we have done with this information, at the recent high we profited on a few winning long positions and have bought PUTS on the market. Yesterday we profited on a few of the PUTS, and now we are closely managing a few positions waiting for the SPY to give us a clue as it moves closer to the bullish uptrend line. We currently see this pullback as a bullish buying opportunity as long as price action stays above the trend. The key now is to identify the right price action buy/sell signal.
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our training room.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
Once again US/China trade uncertainty raises its ugly head providing the Bears the energy to
drive back the Bulls and test key support levels. As uncomfortable as it might have been the tenacious Bulls stepped up and effectively defended
price supports and the overall bullish market
trend. Currently the futures are
suggesting that Bulls will once need a strong defense
with an opening gap down of more than 100 points.
Overall this pullback was expected and normal healthy price action but the political uncertainty raises an additional challenge as traders face the weekend risk. Remember you don’t have to trade every day and the view from this sideline can be very comforting as we head into the weekend. After a great month of profits the last thing I want to do is try and predict the outcome of political uncertainty and give back hard-earned gains. As a result my plan for the day is to protect my capital and quietly slide into a restful weekend.
On the Calendar
On the Earnings Calendar we get a little break with only 52
companies reporting. Among the notable reports, ARNC, EXC, HAS, PSX & VTR.
Action Plan
Yesterday’s selloff became a bit
rough when the head of the US Economic Council reported that the US / China negotiations are still a long way from a
deal. The market then received a second blow when the Whitehouse moved the North
Korean meeting to March. Asian markets were lower across the board last night
while European markets mostly chop sideways nearly flat on the day. As I write this US Futures suggest a gap down
open testing yesterdays lows and key support levels.
On the bright side the key levels I mentioned in yesterdays
note held as support as the bulls effectively defended them with a nice late
day rally. With the looming political uncertainty
of US/China trade what will traders do as we head into the weekend? Without
question the bullish trend is currently still intact and this pullback is
nothing more than healthy price
action. However, it could easily become
serious if the bulls retreat ahead of the weekend. Let’s
hope the new cycle is quiet today, cooler heads prevail and bulls continue to
defend price support. Have a great
weekend everyone!
The bear is getting hangry; the bears are getting a little hangry since they only snacked six/seven days ago are have not had a big meal for about a month. The narrowing chart pattern is a clue that the current trend is getting tired and needs a rest. A few other clues are price action is pressed up against the 200-SMA, the T2122 4wk New High/Low Ratio is way overextended, and the FNUG daily chart closed with a Dark Cloud Cover yesterday. It looks like we are going to have an Evening Star open on the SPY and depending on the following price action/candle action the bulls might find support around $269.00, if not the $266.70 and $264.50 areas are open. Right now we will look at this bull back and bullish opportunity providing the bulls step in above $266.70. Cautiously bullish with a few short trades for balance.
Yesterday the Hit and Run Candlesticks “Road To Wealth” Account grabbed another ✅$300.00 profit on the X trade.
SPY Chart
2/7/2019 trade-ideas: we are adding the following to our watch list, (Long-OSTK, GRUB, ONB, MDLZ) (Short-CME, RAMP, AMZN, TTWO. Past performance does not guarantee future results
Live Trading Alerts News
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our training room.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
