Pre-Market Sweet

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Kellogg and Keebler near a deal and China report unexpected growth in March. It looks like a new fire has been lite under the market. Pre-market up 170 points plus while I am writing the blog. With positive trading today and a positive close the $287.00 area would make a nice target for the SPY. Friday price closed near the Green upper T-Line Band which suggests the buyers where bullish going into Friday’s close. The SPY closed Friday below red V-Stops, a breakout today would flip the dot to green. The near term on the SPY the bulls would love to capture $287.00 then $293.00ish, of course, the bulls will need to push through resistance and maintain a tradable trend. Stay cautious and nimble and remember an important key to trading success is profits, think base hits and the runs will come in.

HRC Road To Wealth Mentoring

Mentoring with Rick Saddler: The Road to Trading Wealth can take several different paths; it’s important to find what works for you. The Trend, Price Action, Candlesticks, Chart patterns, Support and Resistance, and Strategies is the map we use to stay on the Road To Trading Wealth. Patterns and Strategies such as The Rounded Bottom breakout, The Continuation Pattern, Trending, T-Line Bands, and the Red Green Strategies are a few of our favorites. Patterns like J-Hooks, Pop Out of The Box, The Oreo, The Fig Newton, Candlesticks are some of our favorite patterns. Read More

Hey, are you looking for the best money making tool in trading? Well, I found it and use it!! The Live Trading Alerts Scanner. I have about four terrific scans. Get it downloaded and I will be glad to work with you privately to get it set up.

Mentoring Information

✅ Trade-Ideas for consideration: HD, CSCO, JNJ, ATVI, WAIR, NVDA, SNAP, YUMC, ZEN, DLTR, DHR. Do your work, work your plan. Always have a plan/

Live Trading Alerts News

✅Save time reviewing hundreds of charts. ✅Find EXACTLY the right set up by being alerted for only those tickers that qualify.  ✅Stop “Chasing trades” by being alerted of the move (not finding out later.) ✅Eliminate “trouble pulling the trigger” (be sure when a ticker is moving.) ✅Stop “leaving money on the table” (manage your exits with lower-time alerts.) ✅Stop “Predicting” by trading alerts that show the turn, not forecast it. ✅Stop ignoring the overall market (by watching alerts on DIA, SPY, IWM, QQQ.)  ✅Gain massive efficiency over flipping through charts (hoping to find them at just the right time) or waiting on someone to feed you trade ideas.

Rick’s Favorite Charting Software

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

US/China Trade Optimism

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US/China trade optimism inspired Asian markets to close higher and currently European markets are also feeling bullish ahead of another Brexit vote later this morning.  As a result, the US Futures are very happy this morning suggesting a 100 point gap up in the Dow at the open.  As great as that sounds be careful chasing the morning gap because of the significant resistance levels just above.  Let’s wait and is if buyers step in after the open supporting this gap.

If you have yet to take some profits this week, remember gaps are gifts and this morning may be a perfect time to reduce risk by taking some profits to the bank.  Be careful not to over-trade as the market tests resistance and keep in mind the bear are unlikely to give up easily.  However, the hopefulness of a US/China trade deal may be just enough to inspire the bulls to keep climbing.  Stay focused on price action and give consideration to the risk you carry into the weekend.

On the Calendar

calendar

On the last trading day of the first quarter we still have we still have companies more than 60 companies reporting.  A good thing because 2nd quarter earnings season will kick off in about three weeks.  Among those reporting BB and KMX are notable.

Action Plan

As US/China trade negotiators gave the markets a lift overnight stating the talks were productive but stopped short of providing any details.  Asian markets closed higher across the board on the trader optimism.  European markets are also higher across the board and later this morning the UK will once again vote on a Brexit plan that would have them leaving the EU by mid-May.  That of course could create a market reaction and currencies may see some fluctuation in reaction.

Currently US Futures are also suggesting a bullish open today but except the QQQ the indexes still have significant resistance levels above.  The bulls and bears have been pretty equally matched all week leaving behind indecisive candle patterns.  Perhaps the positive comments on the trade negotiations is enough to inspire the bulls but they will need some significant momentum to break the bearish resistance levels above.  Remember not to chase a morning gap into price resistance.  Wait and see if buyers step in supporting the gap.  Have a great weekend everyone.

Trade Wisely,

Doug

Going to The Beach House

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Cold beer, fishing pole, I love my job

Fridays are a great day to count your money and head to the Beach House. Yesterday. The SPY had a little late day action closing off it’s low and still within the chop zone of the T-Line Bands. Note the Bull or Bear story is told once the price has broken one way or the other and confirmed. I hear this morning that China is upon trade news, this could be positive for the marker or is it already baked in the charts? We closed our (T) for a nice little base hit yesterday, still holding (KO) for 16% and XOP for 12%. Yesterday we had six trade ideas for consideration and today they all 6 look great! You can find them in a yesterdays blog post.

Hey, are you looking for the best money making tool in trading? Well, I found it and use it!! The Live Trading Alerts Scanner. I have about four terrific scans. Get it downloaded and I will be glad to work with you privately to get it set up.

HRC Road To Wealth Mentoring

Mentoring with Rick Saddler: The Road to Trading Wealth can take several different paths; it’s important to find what works for you. The Trend, Price Action, Candlesticks, Chart patterns, Support and Resistance, and Strategies is the map we use to stay on the Road To Trading Wealth. Patterns and Strategies such as The Rounded Bottom breakout, The Continuation Pattern, Trending, T-Line Bands, and the Red Green Strategies are a few of our favorites. Patterns like J-Hooks, Pop Out of The Box, The Oreo, The Fig Newton, Candlesticks are some of our favorite patterns.

Mentoring Information

✅ Trade-Ideas for consideration: It’s Friday no trade ideas, have a fantastic weekend

Live Trading Alerts News

✅Save time reviewing hundreds of charts. ✅Find EXACTLY the right set up by being alerted for only those tickers that qualify.  ✅Stop “Chasing trades” by being alerted of the move (not finding out later.) ✅Eliminate “trouble pulling the trigger” (be sure when a ticker is moving.) ✅Stop “leaving money on the table” (manage your exits with lower-time alerts.) ✅Stop “Predicting” by trading alerts that show the turn, not forecast it. ✅Stop ignoring the overall market (by watching alerts on DIA, SPY, IWM, QQQ.)  ✅Gain massive efficiency over flipping through charts (hoping to find them at just the right time) or waiting on someone to feed you trade ideas.

Rick’s Favorite Charting Software

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

Rounded Bottom Breakout

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Automating Scanning and Alerting for the (RBB) Rounded Bottom Breakout. This short video shows how easy it is to have (RBB) Auto Alerts at you finger tips. LTA also has auto alerts for Trends, Pop Out of The Box, Continuation patterns, Candlesticks, T-Line Bands and so much more.

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The Flag Has Not Moved

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Pretty choppy day yesterday in the SPY, both the Buyers and Seller were only half trying to move the flag. Price action closed above the Red Lower T-Line Band and closed below the Green Upper T-Line Band. Our 34-ema trend line is on the bullish side of the dividing line; the conclusion is the SPY is still on the bullish side of the trend. The VIX has been feeling pretty good lately; now with a low/high – higher low in place and a possible bullish Inverted Head and Shoulder forming, this is a clue to be a little cautious. We bought (T) AT&T on the 19th currently up 25.5%, T was both an RBB and T-Line Band auto alert from LTA- Live Trading Alerts. (KO) Coke is another, entered on the 25th from the T-Line Band Auto Alert.

HRC Road To Wealth

The Road to Trading Wealth can take several different paths; it’s important to find what works for you. The Trend, Price Action, Candlesticks, Chart patterns, Support and Resistance, and Strategies is the map we use to stay on the Road To Trading Wealth. Patterns and Strategies such as The Rounded Bottom breakout, The Continuation Pattern, Trending, T-Line Bands, and the Red Green Strategies are a few of our favorites. Patterns like J-Hooks, Pop Out of The Box, The Oreo, The Fig Newton, Candlesticks are some of our favorite patterns.

✅ Trade-Ideas for consideration: GG, PG, JNJ, WAIR, NVDA, CSCO

Live Trading Alerts News

Testimonial

Took 20% on WIX puts! Thank you LTA- Live Trading Alerts

Jerry G.

Testimonial

I have hit for over $300 this morning using your LTA scanner, I think I have found my niche!

Coach B.

✅Save time reviewing hundreds of charts. ✅Find EXACTLY the right set up by being alerted for only those tickers that qualify.  ✅Stop “Chasing trades” by being alerted of the move (not finding out later.) ✅Eliminate “trouble pulling the trigger” (be sure when a ticker is moving.) ✅Stop “leaving money on the table” (manage your exits with lower-time alerts.) ✅Stop “Predicting” by trading alerts that show the turn, not forecast it. ✅Stop ignoring the overall market (by watching alerts on DIA, SPY, IWM, QQQ.)  ✅Gain massive efficiency over flipping through charts (hoping to find them at just the right time) or waiting on someone to feed you trade ideas.

Rick’s Favorite Charting Software

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

A Full Plate

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Rumors of a US/China negotiations breakthrough, declining 10-year Treasury yields and busy earnings and economic calendars the market has a full plate this morning.  The question is will it be a satisfying meal or will it cause indigestion?  On the Economic Calendar the GDP according to consensus is expected to decline and Jobless Claims rise slightly at 8:30 AM Eastern.  One has to wonder if that could fuel growth concerns or if the numbers will come in better than expected to reduce those concerns.

The technical s of the index charts don’t provide much in the way of clarity either.  The QQQ remains the market leader holding on to a nice uptrend while the DIA and IWM struggle with resistance in a modest downtrend.  The SPY appears to want to break the tie but continues to hover just above support and below resistance with indecisive price action.  I think it’s safe to say anything is possible so plan accordingly.

On the Calendar

We have nearly 120 companies reporting earnings on the calendar today.  Notable reports include, ACN & QIWI.

Action Plan

Futures were looking lower last night as Asian markets reacted negatively to the declining 10-year treasury yield.  However, with the rumor of a US/China breakthrough in the trade negotiations European markets are up across the board and the US Futures have responded bullishly bouncing off their overnight lows.  As I write this Futures point to a flat open but with nearly 120 companies reporting earnings and a full economic calendar it’s anyone’s guess how we open trading today.

The consensus is suggesting a decline in the GDP number and a slight increase in Jobless Claims 8:30 AM Eastern.  It will be interesting to see if these two reports will add to or take away from the economic slowdown concerns.  The DIA and the IWM are still in technical down-trends under significant resistance levels even after the nice recovery off of yesterdays lows.  The SPY continues to hover between support and resistance and the QQQ remains the strongest of the indexes holding on to its uptrend.  With so many factors pushing and pulling the market today anything is possible.

Trade Wisely,

Doug

Good Grief!

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Sorry everyone but due to a technical problem there is no blog post this morning.  However, the morning video is available with the link below.

Teamwork and Four Sisters

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A mixed bag of trading lately, both longs and shorts are working. This goes to show you the indecision and lack of conviction and teamwork with the four sisters. Let’s take a look at the T-Line Bands trending direction in the SPY, DIA’s IWM and QQQ’s. You can see both the SPY and the QQQ’s are trending up while both the DIA’s and the IWM charts are trending down. Two charts not show is the VT and VTI, both are barely in a bullish trend. The point I am trying to make is the market is a bit flustered with subjects like Recession, Feds, World economy, Politics, Trade war, Earnings. Here are a few solid trading tips: Trend, Price Action, Candlesticks, Chart patterns, Support and Resistance, and Strategies.  Think before you trade, plan your trade and trade your plan. If that is confusing for you, let us know maybe we can help.

HRC Road To Wealth

The Road to Trading Wealth can take several different paths; it’s important to find what works for you. The Trend, Price Action, Candlesticks, Chart patterns, Support and Resistance, and Strategies is the map we use to stay on the Road To Trading Wealth. Patterns and Strategies such as The Rounded Bottom breakout, The Continuation Pattern, Trending, T-Line Bands, and the Red Green Strategies are a few of our favorites. Patterns like J-Hooks, Pop Out of The Box, The Oreo, The Fig Newton, Candlesticks are some of our favorite patterns.

✅ Trade-Ideas for consideration: COTY, EA, FDC, GG, HES, QCOM, ROKU, SEE, W

Live Trading Alerts News

Testimonial

Took 20% on WIX puts! Thank you LTA- Live Trading Alerts

Jerry G.

Testimonial

I have hit for over $300 this morning using your LTA scanner, I think I have found my niche!

Coach B.

✅Save time reviewing hundreds of charts. ✅Find EXACTLY the right set up by being alerted for only those tickers that qualify.  ✅Stop “Chasing trades” by being alerted of the move (not finding out later.) ✅Eliminate “trouble pulling the trigger” (be sure when a ticker is moving.) ✅Stop “leaving money on the table” (manage your exits with lower-time alerts.) ✅Stop “Predicting” by trading alerts that show the turn, not forecast it. ✅Stop ignoring the overall market (by watching alerts on DIA, SPY, IWM, QQQ.)  ✅Gain massive efficiency over flipping through charts (hoping to find them at just the right time) or waiting on someone to feed you trade ideas.

Rick’s Favorite Charting Software

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

Love The Job Of Trading

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You have to love the job of trading, one day like yesterday the SPY closes the day with a bear controlled candle, then you wake up the next day, and the futures look as if the bulls are going to have a great day. (Love the job of trading). Yesterday the SPY closed with a Doji using the 34-ema as the moving average support, so far so good but the price action today will need to show that the Bulls have staying power. Yesterday’s Doji also closed right at the Lower Red T-Band. (See chart). It is clearly obvious the SPY struggles to keep even one leg over the $280ish wall. With the VIX showing Bullish activity and the DIA’s and IWM showing weakness, this market is filled with sharks circling looking for dinner. Cash is a good position sometimes when there is a lack of clarity, but if you are trading use the trends, price action (Candlesticks), proven patterns and strategies.

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HRC/RWO Team News

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✅ Trade-Ideas for considerations: Technical diffacaulties/ No trade ideas today

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Live Trading Alerts News

Testimonial

Took 20% on WIX puts! Thank you LTA- Live Trading Alerts

Jerry G.

Testimonial

I have hit for over $300 this morning using your LTA scanner, I think I have found my niche!

Coach B.

✅Save time reviewing hundreds of charts. ✅Find EXACTLY the right set up by being alerted for only those tickers that qualify.  ✅Stop “Chasing trades” by being alerted of the move (not finding out later.) ✅Eliminate “trouble pulling the trigger” (be sure when a ticker is moving.) ✅Stop “leaving money on the table” (manage your exits with lower-time alerts.) ✅Stop “Predicting” by trading alerts that show the turn, not forecast it. ✅Stop ignoring the overall market (by watching alerts on DIA, SPY, IWM, QQQ.)  ✅Gain massive efficiency over flipping through charts (hoping to find them at just the right time) or waiting on someone to feed you trade ideas.

Rick’s Favorite Charting Software

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

A welcome relief

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A welcome relief

While the market keeps a close eye on possible interest rate inversion and possible economic slowdown the US Futures point to a bullish open and a welcome relief to last Friday’s selloff.  Currently the Dow futures point to more than a 100 point gap up as I write this but still has to clear the Housing Starts hurdle at 8:30 AM Eastern.  A miss of consensus estimates could fuel the fire of economic slowdown while a beat could clear the way for a bullish morning gap.

As nice a relief rally may be please remember it will take a huge effort by the bulls to clear the technical damage created in last Friday’s selloff.  The DIA and IWM still the lower high and are technically in a downtrend.  The SPY while technically stronger still has significant resistance to deal with while the QQQ continues to enjoy the benefits of market leadership.  Be careful not to get caught up in fear of missing out and chasing into positions as the market tests price resistance.

On the Calendar

calendar

We have just under 60 companies reporting quarterly earnings today.  Notable reports today include CRON, OLLI, CCL FDS, INFO, KBH, MKC & VALE.

Action Plan

After a very indecisive price action day the DIA finished up a whopping $0.11, SPY down $0.21, QQQ down $0.31 and IWM up $0.66 we have a substantial change of attitude this morning.  First Asian markets closed mixed but the NIKKEI and HIS posted solid gains lifting the US Futures.  The good vibes continue this morning with European markets bullish across the board with modest gains.  As I write this Dow futures suggest a gap up of more than 100 points but we still have some economic hurdles to cross before the open.

Besides some notable earnings the 8:30 AM Housing Starts number will be important this morning amidst the worries of an economic slowdown.  Consensus estimates of 1.213 million units which is just slightly less than the previous reading.  Although a gap up will be a nice relief remember we still have substantial technical issues to overcome particularly in the DIA and IWM so we must still keep a close eye on price resistance levels above.  However, the QQQ is still technically sound holding higher lows and continues as the market leader at the moment.

Trade Wisely,

Doug