Trade Jitters

July 20, 2018 by Doug Campbell

Trade Jitters

Trade jitters are once again front and center after and tough talk by the President in a CNBC interview this morning. The President said he was ready to deploy 500 billion in China tariffs. As a result, the futures are pointing to a lower open this morning. Perhaps the good reports from MSFT, HON, and even the troubled GE will inspire the Bulls to defend, but political uncertainty is a tough thing battle right before a weekend.

Except for the bullish shown by the market on Tuesday, price action has been choppy and challenging this week. The good news is that the current trend is up and the Bulls have to this point defended key price supports. Remain flexible, unbiased and focused on price action clues.

On the Calendar

A rare Friday on the Economic Calendar with no market-moving reports. We have a Fed Speaker at 8:20 AM Eastern and the Baker-Hughes Rig Count report at 1:00 PM to finish the calendar week.

We have 36 companies reporting earnings today with the far majority happening before the open today. Among those reporting before the bell is GE, HON, SWK, RF, SLB & KSU.

Action Plan

Asian markets were mixed but mostly higher overnight, while European markets traded lower. US Futures were negative but has started to move toward the open, but in an interview with CNBC, the President choose to fan the flames of the trade war sending futures quickly lower. As I write this, there is still 2 hours before the market opens and with a bunch of earnings reports before the open anything is possible. MSFT beat both on the top and bottom line yesterday sending the prices of the tech giant to all-time highs.

The Bulls did a good job yesterday of defending price support levels. With the trade war jitters now back on the mind of the market the question is will they have the energy to do it again today? I must admit with the strong earnings from MSFT I was hoping for at least a little Friday bullishness, but hope currently seems less likely after the 500 billion tariff presidential remarks. As you know, I like to go the bank on Friday taking profits rather than adding risk ahead of the weekend. It’s unlikely that change today but in this business, you always have to remain flexible. Have a great weekend!

Trade Wisely,

Doug

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Trade Follow-up for 7-20-18

July 20, 2018 by Ed Carter

No Featured Trade Idea on Friday. Instead we have a follow-up on the performance of this blog’s trade ideas.

You can read more about the market in Rick’s blog post here. Members can also see his detailed review in the trading room at 9:10am Eastern. For now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

Below are the Trader Vision 20/20 Dashboard and Trade Log as of 7-19-18. As a bonus, if you click the green button below, you’ll be able to watch a video of my review of Open, Closed and Unexecuted trades over the last week.

Blog Trade Performance – As of 7-19-18 (Pre-Market 7-20)

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, 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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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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Trends With Benefits Next Week Thursday July 26, 2018

July 20, 2018 by Rick Saddler

Trends With Benefits Next Week

Trends with benefits is a workshop presented by Doug Campbell is designed to help you with trading within a quality trend and finding quality patterns within the trend. Traders that trade the trend successfully can produce 10% to 20% trading stocks and easily see 30% 40% 50% and more trading options. But the fact is you don’t’ know what you don’t know. One simple trade can easily cover the $285.00 cost of the workshop plus we are giving you the “Complete Pop Out of The Box Workshop” a $247.00 value. The retail cost of the workshop is $869.00, your cost $285.00 ► Follow This Link

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Friday, July Twenty

Overall this has been a pretty good week for traders of Hit and Run Candlesticks / Right Way Options, not the best week but our accounts have increased. The HRC Trading For Wealth account is up 211% as of yesterday’s close. Despite the political battles the SPY has held above the T-Line and closed yesterday with a Doji above the T-line.

At yesterday close I mentioned that the market was getting a little ragged and a bit stressed. VXX was getting a little attention the past two days, and we might want to cash a few of our chips in before the weekend. IYT and SMH have not sprung back like they need to, we need at least one of them.

VT is a chart I think we should be watching for a complete picture of the world stock market. Looking at the max high and the max low for 2018 the T-Line is below the 50% level.

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Trend With Benefits WorkShop July 26, 2018

Doug is a successful stock and options trader and heads up the Right Way Options Trading Room. He has been involved in the market for 28 years and has fully supported his family from trading profits for the past 13 years. Doug is a master of trading trending charts and taking advantage of the benefits they offer. He uses simple ‘Naked Charts’ with minimal indicators and the focus on the most important element of trading – Price. Helping other traders realize their dreams is Doug’s way of paying it forward. Take advantage of this learning opportunity from someone who has done the work to create success in trading.

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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MDCA Bullish (RBB) Rounded Bottom Breakout

July 19, 2018 by Rick Saddler

MDCA Bullish (RBB) Rounded Bottom Breakout

MDCA has constructed a bullish bottom that has run into the Bullish (RBB) Rounded Bottom Breakout pattern. A few days ago price closed over the 50-SMA and now has rested on the 34-EMA and price support at $5.20. Yesterdays Bullish Engulf may suggest that the bulls have rested and ready to continue the already 2.5-month trend, I see a possible overall (RBB) 45% trade with a 15% swing first.

For more details on the MDCA trade, please click the following link. Get the complete details including Fibonacci details TV2020 trade plan right here

Past performance is not indicative of future returns

Good Trading Rick and Trading Team

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HRC Monthly Trading Results Right Here Each, and every day we not only share trade ideas we also share how we plan to trade them.

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SPY • Above A Trending T-Line Bullish

The price action in the SPY reacted positive to the Bullish Engulf painted on Tuesday. However price also pushed higher and deeper into resistance. Let’s not be too worry about resistance until price becomes worried. The current T-Line trend is bullish and until that changes or if we were to see a strong sellers pattern lets allow the T-Line to work. $279.60 has become support and @280.70 has become resistance.

VXX – As long as the price stays below the T-Line we have no worries, above the T-Line we worry.

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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

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

Financial Sector Rally

July 19, 2018 by Doug Campbell

Financial Sector Rally

The financial sector rally accounted for the majority of yesterday’s bullish price action in the Dow and SPY. XLF the popular financial ETF rose 1.60% yesterday finally breaking a 6-month sector downtrend. The tech sector took a little break yesterday and the QQQ chopped sideways on light volume. Perhaps the earnings from MSFT this afternoon will provide the tech sector a bit of inspiration.

The Futures are indicating some downward pressure at the open but as long as the current price supports hold the Bulls should maintain control. After such a strong two week rally a little rest or even a small pullback would be healthy for the market assuming the bulls defend price supports. Keep in mind with more than 100 companies reporting today anything is possible. Set aside your bias and stay focused on price action.

On the Calendar

Thursday’s Economic Calendar has only two potential market-moving reports both of which come out at 8:30 AM Eastern. Consensus expects Weekly Claims to come in slightly higher at 220,000 vs. 214,000 last week. Then the Philly Fed Business Outlook is looking for an increase in July to 22.0 vs. the 19.9 June reading according to forecasters. After that, we have a Fed Speaker @ 9:45 AM, Leading Indicators @ 10:00 AM, Natural Gas Report @ 10:30 AM, 6-bond related events between 11:00 AM & 1:00 PM, The Fred Balance Sheet & Money Supply @ 4:30 PM to close the calendar day.

On the Earnings Calendar, we have 103 companies reporting today. Please make it a habit of checking earnings reports on the companies you own and those you are considering for purchase. Next week earnings season ramps up with over 800 companies expected to report results.

Action Plan

Overnight Asian and Europen were mostly lower putting some downward pressure on the Futures markets. Also after the close yesterday, EBAY and AXP were among several earnings reports that beat on the top line but failed to hit revenue projections sending the stocks lower in aftermarket trading. Let’s hope this doesn’t become a trend this quarter! CSCO was one of the bright spots beating on the top and bottom line, but the stock only enjoyed modest gains. AA also topped estimates but guided lower siting higher energy prices and tariff impacts raising their cost of production.

Market gains in the last couple days have come mostly from the financial sector while other areas have been slow and downright choppy. If you’re feeling a bit frustrated, you’re not alone! Currently, the Dow futures are pointing to a lower open and considering we have been up for almost 2-weeks that’s not a big surprise. Perhaps with a large number of earnings this morning the bulls will at least find enough inspiration to hold price support levels. MSFT reports after the bell today and its results could set the tone for the end of the market week.

Trade Wisely,

Doug

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MDCA Setup and Trade Plan

July 18, 2018 by Ed Carter

Today’s Featured Trade Idea is MDCA.

You can read more about this trade in Rick’s blog post here. Members can also see his detailed review in the trading room at 9:10am Eastern. For now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

MDCA has bottomed and begun an uptrend over the last 2 months. It recently broke into a Rounded Bottom Breakout pattern. In the last week it has pulled back after a nice run-up and printed a Hammer and Bullish Engulfing signal the last 2 days. I will be looking for a b/o Entry above recent resistance with a clear Target up where the 38.2% Fib Ext. and both Daily and Weekly S/R levels align (about $6.60). The second Target will be a bit higher at the 61.8% and Weekly resistance level (about $7).

TV20/20 tells us we have roughly 2.5 weeks until earnings on MDCA and have several factors in our favor. This plan allows us to take a relatively small position (2.23% of Account), risking $152 to the Stop and still gives the potential of 2.24:1 ($340) or 2.76:1 ($420) Reward/Risk at Targets #1 and #2 respectively. We can also see we can achieve the Trade Goal just 3 cents above Target #1.

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 MDCA Trade Setup – As of 7-18-18

The Trade Plan

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

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Go Bulls

July 18, 2018 by Doug Campbell

Go Bulls

After the disappointing results from NFLX, I was ready if the Bears tried to take control but happily enjoyed increasing profits as the Bulls dug in pushing all the major indexes higher. The NASDAQ set a new record high, and the Dow managed to hold the big psychological level of 25,000. Go Bulls!

I, of course, would like to see the Bulls continue to drive forward but I also need to acknowledge the fact that the market has moved up very sharply and rest or pullback are certainly within the realm of possibilities. As a result, I want to avoid chasing stocks already within a rally, and I want to be very cognizant of resistance levels. As stock price near resistance levels, I want to more of a seller than a buyer, taking profits into strength. Don’t misunderstand; I am in no way suggesting that the market is about to become bearish, I’m only pointing out that adding risk when a stock is at or near resistance is something I want to avoid.

On the Calendar

Today we have three potential market-moving reports on the Economic Calendar. Frist is the Housing Starts at 8:30 AM which expects a decline in June to 1.320 million vs. 1.350 in May with permits ticking higher to 1.329 million vs. the 1.301 May reading. At 10:30 AM we have the unforecast EIA Petroleum Stats Report which could be very important today will oil prices falling. The to wrap up the calendar day we have the Beige Book at 2:00 PM which the Fed uses as part of its interest rate policy decision. Other than that we have Mortgage Applications at 7:00 AM and the Fed Chair Speaking at 10:00 AM before the House Financial Services Committee.

The Earnings Calendar shows we have 66 companies expected to report results today. Among them are MS, and USB that report before the bell with IBM, KMI, AA and AXP reporting after the close.

Action Plan

I was happily surprised to see the bulls respond in such a strong and deliberate manner yesterday after NFLX disappointed the market. The DIA & SPY broke above price resistance as the QQQ’s reached out for new record highs. Markets around the world were mostly higher overnight but as I write this Futures are flat to just slightly bullish. However, with all the earnings reports and the Housing Starts number out before the open anything is possible.

After recovering key price levels, the Bulls seem confidently in control but let’s not forget that the indexes have moved up quite sharply and a little pullback or rest to test new supports is not out of the question. Which means be very careful entering stocks that have already several days into a rally and avoid buying if prices are at or near new resistance levels. There seem to be high expectations for strong earnings this season, and I hope they are correct but stay flexible and focused on price action. Trade the chart and avoid getting caught up in drama and hype surrounding earnings. Go Bulls!

Trade Wisley,

Doug

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BOOT Setup and Trade Plan

July 18, 2018 by Ed Carter

Today’s Featured Trade Idea is BOOT. This idea shows the power of Trader Vision 20/20 to inform our trade selection/validation. Don’t take this trade until you’ve watched the video!

BOOT broke the recent downtrend by putting in a nice J-hook that broke up through and held the 50sma. It printed a Trader’s Best Friend signal yesterday. However, when laying out the trade in TV20/20, we see that we cannot get the 2:1 I require at Target #1 without drawing that pink line and believing that support will be enough to warrant a tighter Stop. If you can see that, this trade lays out nice with Fibs and Weekly S/R levels aligning well.

TV20/20 showed us that even though there were a lot of things to like about this trade, unless we can really justify that tighter Stop (see video), this trade would be a pass. With that tighter Stop, it can give us 2.4:1 (only $240) Reward/Risk at Target #1, but 3.65:1 ($365) at Target #2. We can also see that the stock must reach $25.50 to achieve our Trade Goal. This analysis allows us to analyze whether we think the tight Stop and run to well past Target #1 are realistic and make a well-considered decision with a cool head. We certainly see we cannot chase an Entry on this one at all.

The BOOT Trade Setup – As of 7-17-18

The Trade Plan

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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