Brave Face before the mid-term.

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Brave Face before the mid-term.

Brave FaceThis morning the US Futures are trying to put on a brave face before the mid-term election indicating a bullish open.  While the water may seem calm on the surface, there is likely significant turbulence lurking just below.  Futures were lower most of the night so don’t rule out the possible test of the overnight lows during the day.

Combine trade war rhetoric, mid-term election, and nearly 1500 earnings reports this week, and the stage is set for fast price action and high volatility.  After the morning pop wait to see if actual buyers step in to support the gap or if we have a replay of Friday’s pop and drop.  As the old saying goes, patience is a virtue. In the current market condition, patience is also a critical skill every trader should endeavor to master.  Wait for your edge to return!   Remember Santa is coming to town, and his bullish presence historically begins mid to late November.

On the Calendar

On the Earnings Calendar, we have 270 companies reporting earnings today with nearly 1500 by the end of the week.  Make sure your checking earnings dates against all current and proposed positions.

Acton Plan

We have an interesting market setup this morning.  Asian markets were sharply lower across the board overnight with morning trade talk rhetoric coming from the leader.  Across the pond, European markets are currently modestly higher across the board.  US Futures that were pointing to losses most of the night are now pointing to a slightly bullish open but with the so many companies reporting earnings anything is possible.  Although it’s nice to see a little bullishness this morning, I would not rule out the possibility of testing the overnight futures low sometime during the day as high volatility continues to challenge traders.

With the mid-term polls opening up tomorrow it is also possible that after the morning rush the price action could easily stall as we wait for election results.  The market is very sensitive to any trade negotiation news, and we should expect significant price swings on good or bad news reports. I would not rule out another market pullback to test the October lows and high volatility to continue for the next couple of weeks.  However, Santa is coming to town, and the recent pullback could open the door to nice rally later this month and into December.  Be patient, stay focused and protect your capital until you have an edge.

Trade Wisely,

Doug

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UAA Looking For $30.00 UAA bullish above $23.25 Stop below $22.70 first target $26.85.

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UAA Looking For $30.00

UAA is looking for $30.00 after the stocks recent gap the bulls have held it well, and the sellers have stayed away. I am bullish above $23.25 and will be working the chart for entry between $23.25 and $24.60. A bullish breakout and follow through is required for the $30.00 target area. The weekly chart is putting together a nice trend with higher lows. UAA bullish above $23.25 Stop below $22.70 first target $26.85.

Featured YouTube Video

Understanding Candlesticks

Q-Why don’t Candlestick signals work every time?

A-Reversal patterns are more clues of what could come, rather than what is.

Q-What is follow through?

A-Follow through is when price action moves higher than the clue candle.

Q-What is positive trading?

A-Positive trading is when price action works within the clue candle range

Candlesticks within a tight chart pattern are building a candle in a longer time frame

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Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

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SPY • Mid-Term Elections

Mid-Term elections will likely cause chop and confusion until they are over. There are plenty of great looking charts but I suspect they all will come with a chop and a bit more volatility then some swing traders would like. The SPY has rallied the last few days back to the 200-SMA, and like most of the time the 200-SMA is a big bridge to cross, and with the elections, the price may just camp out until the market feels it knows how the election will turn out. I will be managing the positions I am in, may buy or sell a couple, but will keep some cash ready to spend on the sidelines.

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****VXX – The VXX chart is still a bullish chart pattern and can raise it’s head anytime. The VXX is a great baramitor to the fear in the market.

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This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do. –Jonathan Bolnick

Rare to have a service teach you how they find their choices but, HRC/RWO teach you how to fish instead of fishing for you. And, your ideas are not panned but shared, implemented, or improved. Sharing is caring. –Thomas Bradly

 

 

Past performance is not indicative of future returns

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020, Top Gun Futures or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor do they offer trade recommendations or advice to anyone.

 

 

11-4-18 eLearning Sunday Look Ahead and 21 Trade Ideas

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Bear Flag or Early Bull Trend

In this video, Ed Carter talks about the markets, upcoming events this week and 21 Trade Ideas (& Short and 14 Longs) for your Watchlist.  Then he takes questions and reviews audience tickers.

1 hour 20 minutes

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Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning, Fibonacci, Stoch/RSI

 

Investing and Trading involve significant financial risk and are not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service

Bull May Challenge Upper T-Bands Game Changer - Are you ready

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Bull May Challenge Upper T-Bands

It looks as if the bulls may challenge the upper T-Bands, success and a close above the T-Bands will create a good chart pattern that the Bulls can work with next week. We will likely close our VXX put today for a nice profit going into the weekend. Around $34.25 the VXX could start to bounce, keep in mind the VXX chart is still a bullish cart pattern.

The 80/20 rule has been a valuable rule for me over the years, 80% of stock follow the SPY/SP-500, something to think about.

Ready For A Game Changer?

LTA – Live Trading Alerts – Pre-Launch Information

 

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    1. Scan using the T-Line Bands
    2. Scan for the PBO
    3. Scan for the RBB set up
    4. Scann for the Pop Out of The Box
    5. Scan for continuation patterns
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Past performance is not indicative of future returns

Happy Friday!

Good Trading, Rick, and Trading Team

 

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Past Performance Is No Guarantee of Future Results

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020 or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.

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Bulls Leaping Higher

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Bulls Leaping Higher

Bulls Leaping Higher

Apple disappointed investors, but news that the US and China are talking positively about inking a trade deal has the Bulls leaping higher for today’s open.  As AAPL slides about south 5%, the US futures are indicated to open nearly 300 points higher.  Traders still holding short positions at the open will feel the pain of a short squeeze this morning.

At the open today, the Dow will have recovered about 1400 points in just four days.  Heading into the weekend and with the mid-term elections just around the corner be careful not chase.  Although a trade deal between the US and China could be a game changer for the market by the end of the year, it does not rule out the possibility of profit taking by the end of the day.  With about 1500 companies reporting next week and a lot of technical chart damage repair volatility is likely to remain very high so plan your risk into the weekend carefully.

On the Calendar

We get a little break on the Friday Earnings Calendar with just over 100 companies reporting today.  Next week more than 1500 companies are expected to report.  Notables for today: AAPL, ABBV, AIV, AMH, ANET, APPN, ATHN, AXL, BABA, BLDR, BPL, BRKR, CBOE, CBS, CC, CCJ, CERS, CHEF, CNK, CORT, CRC, CRUS, CVX, DEI, DOC, DUK, EAF, ED, EEP, ENB, EOG, ES, EXEL, EXTR, FLR, FTNT, GPRO, HR, HRC, HST, IMGN, IPHI, ITT, KHC, LADR, LHO, LNC, LYV, MDRX, MELI, MET, MSGN, MSI, MTZ, NFG, NPTN, NWL, OEC, OLED, PBA, PBYI, PE, PEB, PK, PODD, RLGY, RP, SBUX, SEDG, SEP, SHAK, SHLX, SKT, SM, SRCL, SRG, STAG, STX, SYMC, TDC, TDOC, TDS, TEX, TNDM, TRMB, TRTN, TSRO, UNIT, VG, VIAV, VICI, VST, WIFI, WLTW, WPC, WTW, WU, X, XOM

Action Plan

With the news that the US and China are getting closer to inking a trade, the market is leaping higher this morning.  That news came at the perfect time as AAPL disappointed investors and is indicated more than 5% lower at the open.  Asian and European markets were decidedly bullish overnight and the Dow Futures currently suggesting a gap up nearly 300 points.

A trade deal with China could be a bullish game changer for the end of this year.  There is certainly a lot of technical damage in the charts to recover from, but it is possible a true V-bottom pattern could occur.  Remember we still have the mid-term elections next week and volatility is likely to remain very high with about 1500 companies scheduled to report earnings next week.  The Dow will have recovered about 1400 points in 4 days at the open, don’t be surprised if we see some profit taking ahead of the weekend.

Trade Wisely,

Doug

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FEYE 2-Day Bullish Engulf FEYS bullish above $19.05 Stop below $18.20

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FEYE 2-Day Bullish Engulf

FEYE has printed a 2-day Bullish Engulf after a bullish pullback. Mid August FEYE started its turn from bearish to bullish, and the current Bullish Engulf on the 2-day chart or gap on the daily chart is the clue I need to add FEYE to our watchlist. Also take a look at the weekly chart, if that doesn’t excite you. I don’t know what will. Current trade: FEYE bullish above $19.05 Stop below $18.20 targets $21.00 $23.60. Our trade ideas are found using TC2000 Software

Featured YouTube Video

Understanding Candlesticks Q-Why don’t Candlestick signals work every time?

A-Reversal patterns are more clues of what could come, rather than what is.

Q-What is follow through?

A-Follow through is when price action moves higher than the clue candle.

Q-What is positive trading?

A-Positive trading is when price action works within the clue candle range

Candlesticks within a tight chart pattern are building a candle in a longer time frame

 

Membership Services

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

Trading Equipment

  1. LTA – Live Trading Alerts
  2. TC2000 Charting  Save $25.00 Today
  3. TradeHawk Trading Platform

 

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

____________________________________________________________

SPY • Price In The Band

The recent price action of the last few days was a clue that the buyers are starting to circle, yesterday’s gap held fairly well into the closed above our lower T-Line Band. The futures are pointing a little higher this morning. In a perfect world, I would like to see the SPY closed up above our upper T-line Band Which is about $275 .70, of course by then we’re going to need a little profit taking and that could set us up for our low high/higher low and higher high chart pattern. Once above upper T-Line Band, the $280.00 price target is possible.

Bottom line is if the bulls can keep this up we could soon see the T-Line Bands turn positive, if not a test of the recent low.

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****VXX – The VXX chart is still a bullish chart pattern and can raise it’s head anytime. We did buy a few PUTS on it yesterday for a quick trade.

YouTube Videos

Trading at the Beach • How to set up the T-Line Regression Lines • MetaStock Automated • Trading the T-Line Trap • Shorting the Blue Ice Pattern

Testimonial

This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do. –Jonathan Bolnick

Rare to have a service teach you how they find their choices but, HRC/RWO teach you how to fish instead of fishing for you. And, your ideas are not panned but shared, implemented, or improved. Sharing is caring. –Thomas Bradly

 

 

Past performance is not indicative of future returns

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020, Top Gun Futures or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor do they offer trade recommendations or advice to anyone.

 

 

FEYE Setup and Trade Plan

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Today’s Featured Trade Idea is FEYE.

Be Careful: Markets gapped higher Wednesday and had a decent run, but all of them closed leaving high wicks.  The DIA failed a test of its 200sma and even on a +1-2% day, it did not seem like the Bulls were in control.  Just remember the trend is still Bearish until we have a higher low and higher high.

Members can join us in Trading Room #1 as Rick reviews this setup and other Trade-Ideas at 9:10am Eastern.  For now, here are my own analysis and a potential trade plan made using our Trader Vision 20/20 software.

FEYE is coming off a nice gap-up day (on earnings) and continues to put in higher- highs and higher lows recently. However, it did pull back from resistance Wed.

I will wait on it to prove $19 is no longer resistance with a Stop protected by the $19 and $18.25 S/R levels. Targets were defined of the Weekly chart.

Just be cautious as this still has resistance above and the overall market is still in a Bearish trend (despite nice gap-ups yesterday).

TV20/20 tells us we have 3mo. until the next earnings report. It also shows that we have 3 Bullish and 3 Bearish conditions (2 of the bearish being overall market trends long and short-term).

Trader Vision also shows us that this plan (waiting 3.5% for FEYE to prove it can break out) gives us a good Reward/Risk of 2.29/1 at the 1st Target. However, if we can sell half there (to lock in profits) and hold the remainder until the 2nd Target we can achieve 3.82/1 ($487.5 / $127.50) overall.

FEYE must reach just above Target #1 ($21.38) in order to achieve the Trade Goal for this account.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The  Trade Setup – As of 10-31-18

FEYE Chart Setup as of 10-31-18

The Trade Plan

FEYE Trade Plan for 11-1-18

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the ratio of Bullish Conditions to Bearish ones as well as the overall risk of the position size, the risk to Stop out and the Reward possible at each Target price can help a great deal with controlling our emotions.  Knowing the dollar impact of every scenario ahead of time, allows us to make calm decisions during the trade.  It really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

 

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Put the power to Trader Vision 20/20 to work for you…

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Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G

 

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Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. No communication from Hit and Run Candlesticks Inc. is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

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