A Day Traders Market

by

Over the past several weeks this sure has been a day traders market, The Top Gun Day Trading Room operated by Steve Risner has been killing it. Top Gun Day Trading is a Division of Hit and Run Candlesticks Inc. So let’s take a look at what’s going on in the day trading room.
Day Trading Room – Despite the weakest market in over a decade, the Top Gun Day Trading room is up over $2,500 in December while risking only $100 to $200 per trade. Our latest trades include:

  • 400 shares of UVXY for +$292 while risking $120
  • 400 shares of UPRO for +$340 while risking just $60 – over 5.5 times the amount at risk.
  • Day Trading Room Open House: Today and Tomorrow • Password B-52 • Login Here

SPY ETF – Yesterday was a nice bullish day in a down trending market. On the weekly chart, we bounced off our 200-SMA right into our Dotted Deuce moving average. This morning the futures are digesting the monster move made yesterday. Our Key low the bulls need to protect is now $233.76. With follow-through over yesterdays candle and the downtrend line, I would expect $251.80.

Good trading and Happy New Year

TC2000 T2122 Chart – The four weeks New High/Low Ratio closed yesterday at 14.29 up from 1.35. 1429 is still in the oversold area and as you know there is no guarantee that oversold means the bulls are in charge. TC20000 is my favorite charting package of all time.

Long and Short Trade-Ideas

GRPN, OSTK, AAPL, AVGO, DLTR, XRAY are now on our watchlist for a possible trade within the next few days. AAPL is our featured long trade-idea today with a Bullish Morning Star Candle pattern on the daily and a Bullish Piercing1 Candle pattern on the weekly chart. We are bullish above $157.25. Past performance does not guarantee future results. Learn how to trade before you trade.

Yes, The Little Account Can!

For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.

More Information

Trading Services We Offer

  1. Hit and RunCandlesticks 
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

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 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 Definition of Hostage

by

Hostage – A person (goverment) seized or held as security for the fulfillment of a condition. Any more said and I would defiantly offend someone.

Last week we talked about how the weekly Dotted Deuce and the weekly 200-SMA were likely two target areas for price on the SPY. The Dotted Deuce came and gone while the 200-SMA tested Monday. There is simply not much to say; the market is currently trending down with no reversal pattern. Yes, we are oversold, but price has not caught on to that just yet. Maintain caution, protect your money, better days are ahead.

TC2000 T2122 Chart – The four weeks New High/Low Ratio has dropped lower into the oversold area and Stochastics is deep within the oversold area of the chart. On the weekly chart, the SPY has found the Dotted Duece, and the 200-SMA weekly is not to far below. Price and the T-Line are still leading the run down in both the daily and weekly charts. We have now pulled back to the 61.8 fibs measured from early 2017 to the 2018 highs. FYI I am just pointing out a few points I see on the charts, the questions we talk about in the trading room is what do we do with that information.

Long and Short Trade-Ideas

OSTK, TAHO, ABX, NEM, PVG, KDP, LLY, SCG are on our watchlist for a possible trade today or within the next few days. LLY is our featured short trade-idea today with a Bearish “h” pattern set up failing the 50-SMA. With a Stock Swing Trade of about 10% or more and an Options Trade of 30% or more. Members log in for more details. Past performance does not guarantee future results. Learn how to trade before you trade.

Trading Room Open House

Hit and RunCandlesticks and Right Way Options have opened our doors forthe holidays; this would be a great time to get to know us, ask a question aboutour service and put a few $$$ in your pocket. Trading Rooms #1 and #2 no password required –  https://hitandruncandlesticks.com/trading-rooms/

Yes, The Little Account Can!

For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.

More Information

Trading Services We Offer

  1. Hit and RunCandlesticks 
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

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 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

Christmas Eve Rout

by
Christmas Eve Rout

With he seeing nothing but political turmoil and uncertainty ahead created the worst Christmas Eve rout in market history.  As Congress returns and the border wall debate resumes traders will have to stay very nimble because the Washington news spin cycle could create some extreme market whips.  A market condition for only the most experienced day traders.  Swing and position traders have no edge as the extreme price action chops up accounts of those unwilling to stand aside.

Technically speaking the market the market is in a short-term oversold condition that would normally indicate a relief rally is close at hand.  However, with the current political turbulence sellers could easily remain in control much longer than we can stay liquid waiting and hoping for a bounce.  One news report or Tweet is all it would take reversing the market direction in about half a heartbeat.  Protect your capital and remain disciplined as uncertainty continues to whip.

On the Calendar

Calendar

Today we have 16 companies reporting earnings with LIVE being the most notable of the day.  Make sure to continue checking reporting dates against current holdings.

Action Plan

If you ever needed an example of just how much the market hates uncertainty you only need to see the 653 point selloff on Monday; the worst Christmas Eve performance in market history.  Although there has been no change in the uncertainty the US Futures are pointing to a bullish open this morning.  Of course, that’s assuming they can maintain those positive feeling throughout the morning.  Given the volatility of late, we have to assume anything is possible at the open.

The President seems to have dug in his heels regarding the border wall and so has the Senate which refuses to consider the House bill that includes funding.  As Congress returns from Christmas break and the battle resumes the market will be sensitive to any news reports on the subject.  Expect violent swings as the market reacts to the Washington spin cycle.  Considering the market has been straight down for the last eight days of trading we should typically be on the watch for a relief rally.  Unfortunately, until the market sees some resolution to the political uncertainty sellers could easily remain in control.

Trade Wisley,

Doug

Morning Market Prep Video

T’was the day before Christmas

by
T’was the day before Christmas

‘Twas the day before Christmas

And the market wears a frown. 

No congressman’s stirring,

our government’s shut down!

Powell is the Fed Chair,

His rates raised a stench.

Now everyone’s thinking,

He might be the Grinch.

Though jobs are still growing,

And building is strong.

The Bull’s Ran away,

Cause they think that’s all wrong!

FANG has a toothache,

And oil’s in a slump,

But no matter what happens,

We’ll blame it on Trump.

No Santa Clause rally,

Cause China won’t trade,

But it all will get better,

Once an agreement is made.

Though technically damaged,

And the market feels fear,

This one day will be over,

So be of good cheer!

Take heart fellow traders,

As Christmas draws near,

Resolve to joyful,

And embrace the New Year.

Though our problems are many,

Count your Blessings and worth,

With freedom our nation,

the best place on earth!

On the Calendar

Calendar

There are only five companies reporting earnings today and none that are particularly notable unless you happen to hold them or thinking for buying one.

Action Plan

Although the market will open this Christmas Eve, expect volumes to drop quickly after the morning rush and price action to become light and choppy.  Of course, as the political drama continues to unfold in Washington DC, we can not rule out the possibility of volatility sparked by news reports, or random tweets.  Currently, the US futures are suggesting a gap up open, and it holds it will constitute the totality of this years Santa Clause rally. 

If you’re thinking about trading today and holding over the holiday, I would suggest you thoughtfully reconsider the risk of the government shutdown that may last for the rest of the week.  A Christmas truce on volatility may be called for today but expect it to roar back to life on Wednesday.  The period between Christmas and the New Year is normally challenging due to light and volume but this year could see very wild price action due to the political uncertainty.  The market will close early today at 1:00 PM Eastern and of course will stay closed Christmas day.

I wish you and your family a Very Merry Christmas!

Trade Wisely,

Doug

Morning Market Prep Video

Merry Christmas

by
Merry Christmas from our family to your family

200-SMA – The market will only be open half a day today, and there is a good chance price finds a way to the weekly 200-SMA near the $234.40 area. With Friday’s close below the Dotted Deuce, we would expect the next lower target would be the 200-SMA.

Trading Room Open House

Hit and RunCandlesticks and Right Way Options have opened our doors for the holidays; this would be a great time to get to know us, ask a question about our service and put a few $$$ in your pocket. Trading Rooms #1, #2 no password required- The password for Room #3 is B-53 • https://hitandruncandlesticks.com/trading-rooms/

Yes, The Little Account Can!

For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.

More Information

Trading Services We Offer

  1. Hit and RunCandlesticks 
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

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 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

Uncertainty

by
Uncertainty

How much risk are you willing to take heading into a weekend with so much political uncertainty?  A question that many traders will be pondering today as the congressional budget battle enters its last hours before shutting down the government.  Will they agree before midnight and how much capital are you willing to risk on their decision?  If they avert a shutdown, the market could be higher on Monday but should they fail it could easily be sharply lower.  A pretty big risk for hard earned capital.

As for me, I choose not to gamble on a political decision.  I will exercise my discipline and wait patiently for my edge to return and price action proof before risking more capital.  If by chance an agreement is made before the market close today, I will reevaluate and make decisions based on the price action, not speculation or prediction.  Until then I will protect my capital and rest well this weekend avoiding this ridiculous political uncertainty.

On the Calendar

calendar

On the Earnings Calendar, we have only 14 companies reporting today with KMX as the most notable.

Action Plan

Although the market seems currently oversold futures are pointing to more selling this morning.  Asian closed sharply lower and European markets are also under pressure this morning.  The border wall budget battle seems like it’s rapidly headed for a government shut down.  The President says he will sign the House version on of the continuing resolution, but the Senate says no deal.  Sadly this could be a very rough day of price action unless someone backs down and a government closure is averted.

We could bounce at any time yet at the same time the political uncertainty could easily drive the market substantially lower.  That makes for some very tough decisions regarding the risks of holding through the weekend.  I want to believe that cooler heads will prevail and a last minute deal will finally provide some relief to the selling, but I trade on price action proof, not hope and speculation.  An old saying comes to mind, “The market can stay irrational much longer than I can say liquid.”  Consequently, I choose to protect my capital until price action improves.  I wish you all a wonderful weekend!

Trade Wisely,

Doug

Morning Market Prep Video

LULU Another Base Hit

by

Yesterday we closed our LULU PUT trade with 13% profit, nothing big but a solid base hit. Another base hit we are looking for is VXX trade, most likely we will close it out today

Ok so rate hike is behind us, and now we have the government shut down to consider. It is a shame that the government uses innocent peoples paycheck as a bargaining chip. Honestly shut the damn government down but pay people what you have promised.

TC2000 T2122 Chart – The four weeks New High/Low Ratio has dropped lower into the oversold area and Stochastics is deep within the oversold area of the chart. On the weekly chart, the SPY has found the Dotted Duece, and the 200-SMA weekly is not to far below. Price and the T-Line are still leading the run down in both the daily and weekly charts. We have now pulled back to the 61.8 fibs measured from early 2017 to the 2018 highs. FYI I am just pointing out a few points I see on the charts, the questions we talk about in the trading room is what do we do with that information.

Trading Room Open House

Hit and RunCandlesticks and Right Way Options have opened our doors forthe holidays; this would be a great time to get to know us, ask a question aboutour service and put a few $$$ in your pocket. Trading Rooms #1 and #2 no password required –  https://hitandruncandlesticks.com/trading-rooms/

Yes, The Little Account Can!

For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.

More Information

Trading Services We Offer

  1. Hit and RunCandlesticks 
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

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 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