MTW Setup and Trade Plan

July 16, 2018 by Ed Carter

Today’s Featured Trade Idea is MTW.

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.

MTW has put in a bottom and broken into a Rounded Bottom Breakout pattern. It held the 50sma Friday while putting in a Bullish Engulfing signal. I will look for an Entry on positive trading using obvious potential Resistance as the target prices.

As we can see, Trader Vision tells us MTW does not report earnings for another 3-4 weeks. It also shows that this ticker has many Bullish conditions and few Bearish ones. In addition, we see that this Trade Plan allows us to Risk less than $100, for a chance to make almost $400 at Target #1 and $566 if both Targets are reached. That would allow us to make the Trade Goal even before Target #1 and give us 4:1 Reward/Risk at Target #1 or 5.81:1 if Target #2 is reached. A very nice setup/plan.

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 MTW Trade Setup – As of 7-13-18

The Trade Plan

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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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 Save 15% Last Day Earnings and Banks Report

July 13, 2018 by Rick Saddler

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Friday, July Thirteen

This past week has been a pretty jerky for the market, up down up and the SPY fighting resistance at the $279.00 / $280.00 level. Our Red, White, Blue trend chart is pointing sideways/up with yesterday’s close buy the VT chart I have been watching is pointing sideways / down. The VT chart is the Vanguard Total World Stock ETF. I find it very useful when I think about the world trading and the weight or lack of weight on the US market. For now, the charts (SPY, IWM, QQQ, DIA) are suggesting bullishness with a tremendous amount of caution, especially with trade agenda.

TCP – Trader Vision Trade Plan Click Right Here

Trading Results

The past six months of trading has been pretty good if your trading foundation was solid and you stuck to your rules. Even with the SPY closing below it’s May high our Road To Wealth Account increased by another 16% and for a YTD increase of 198.95% to see the results and the account Click Right Here

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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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Earnings Season Begins

July 13, 2018 by Doug Campbell

Earnings Season Begins

Yesterday’s big overnight reversal brought out the Bulls as the market shook off trade war jitters and turned it’s focus to earnings season. The NASDAQ set and a new record high with MSFT, AMZN, GOOG and FB leading the way record high prices at the close. Now the big question is can the Bull follow-through to close the week with another gain or will we see some profit-taking ahead of the weekend?

A lot will depend on how the market reacts to the earnings reports from JPM, C, PNC, and WFC which all report before the bell. The DIA and SPY closed yesterday near significant price resistance levels. Can the Bank earnings provide enough inspiration to pop through? That would sure be nice, but there is no need to predict is we simply stay focused on price action and follow the clues it provides. The good news is that the market is showing strength and just maybe the trade war chop will fade into the background for a little while.

On the Calendar

Import and Export Prices kicks off the Economic Calendar on Friday at 8:30 AM Eastern. According to Consensus, June will see an increase of 0.1 percent for import prices and 0.3 percent gain for export prices. Consumer Sentiment at 10:00 AM expects a strong 98.4 print in this preliminary reading in July. After that, we have the Fed Semiannual Monetary Policy Report, a Fed Speaker at 12:30 PM and at Baker-Hughes Rig Count at 1:00 PM, none of which are likely to move the market.

Today is the official kick off the 3^rd quarter earnings. We will hear from, JNJ, C, PNC, and WFC before the bell and will be the most notable reports of the eight companies reporting today.

Action Plan

After yesterdays very strong rally led by the NASDAQ which made a new record high, we face the kickoff the 3^rd Quarter Earnings. As I write this Futures are just slightly positive, but likely to bound around a lot with several big banks reporting before the bell. If they happen to exceed the market’s expectations, we could see a gap up open but if they disappoint a gap down at the open could be the result. Only time will tell, and as retail traders, all we can do is wait, watch and then determine the best course of action.

To avoid some of the uncertainty, I mentioned that I would likely close or take partial profits on positions which I did do before the yesterdays close. Normally Friday is profit-taking-day for me so I will likely continue banking gains today to reduce my weekend risk. Keep in mind the DIA, and the SPY are facing significant price resistance levels this morning. After such a big move yesterday a pullback would not be out of the question, but if the big banks beat the market’s expectations this morning, perhaps the bulls will find the inspiration to follow-through higher. I wish you all a great day and a fantastic weekend.

Trade Wisely,

Doug

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TCP Setup and Trade Plan

July 13, 2018 by Ed Carter

With the “tweet storm” / trade war fears making sitting on our hands the wise move earlier this week, I decided to put out a trade idea for Friday. Just consider the extra “headline risk” of opening a new position in front of the weekend. Personally, I see this diminished with the President out of the country and focused on other topics.

Sp., today’s Featured Trade Idea is TCP.

TCP has broken into an RBB pattern, printing a Doji Continuation (Sandwich) signal and proving the breakthrough level as Support on Thursday. I’ll look for an inside day Entry with a Stop below Thursday’s candle and a first Target up at $30.75. The second Target will fill the gap up at $34.30. 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 TCP Trade Setup – As of 7-12-18

The Trade Plan

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

[button_2 color=”light-green” align=”center” href=”https://youtu.be/FYWpQ_7ARBg” new_window=”Y”]Trade Plan Video[/button_2]

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

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TNDM Has Been Riding the T-Line Benefits of a trend "Money"

July 12, 2018 by Rick Saddler

TNDM Has Been Riding the T-Line

TNDM has been riding the T-Line showing us what a great trend looks like. If you switch to a 2-day chart, you can see a beautiful Bullish Inverted Head and Shoulder pattern with a Doji Flag Bullish Engulf pattern. I am bullish on the chart and buying bullish above $24.50 and a short to a medium-term target zone of about 30% with a larger longer-term target.

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TNDM Has Been Riding the T-Line

With less than 5% risk and about 30% plus reward, we believe TNDM is a perfect candidate for our watchlist. Get the complete trade details TV2020 trade plan right here

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SPY, Be Ready To Dance

We gap down we gap up yadda yadda yadda, bullish follow through and close above $278.40 would suggest the bulls have come back to the game. Yesterday’s price action held the 23.6 Fib retracement and above the T-Line. I am very surprised that we are gapping up this morning and not meeting up with the T-Line. Remember price is king and always be ready to dance with it.

VXX – The VXX is still below the T-Line trying to put together a team.

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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

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

Bullish Overnight Reversal

July 12, 2018 by Doug Campbell

Bullish Overnight Reversal

After witnessing sellers in control at the close yesterday, seeing the Dow Futures pointing to more than a 150 point bullish overnight reversal is a nice relief. If buyers step in supporting this gap, then the Dow has successfully held it’s 50-day average. However, we need to keep in mind that nothing has changed on the trade war front and remember gaps invite the possibility of whipsaw price action and exercise a little caution at the open.

Remember 3^rd Quarter Earnings officially kick off Friday with JPM, C, PNC and WFC all reporting before the bell. There seems to be a great deal of anticipation of good results this quarter. Perhaps the banks can provide just enough inspiration for the bulls to hold today’s gap and push the market higher to close the week. Only time will tell.

On the Calendar

W have two market-moving reports to kick off the Economic Calendar at 8:30 AM Eastern this Thursday. First up is Consumer Price Index that consensus suggests a 0.2 percent gain in June with a core number also up 0.2 percent. Year-on-year PPI expects a one-tenth increase to 2.9 percent. Next is the Weekly Jobless Claims which forecasters expect a decline to 225,000 from last weeks reading of 231,000 as labor demand remains very strong. At 2:00 PM we will get the Treasury Budget which is expecting a monthly deficit of 91.0 billion. W have 2 Fed Speakers today at 12:15 PM and 8:00 PM, several non-market-moving reports, and four Bond Announcements to finish up the busy calendar day.

On the Earnings Calendar, we have 19 companies reporting with one of the most notable being DAL before the bell. Keep in mind earnings season officially kicks off on Friday with several big banks reporting.

Action Plan

The ugly price action yesterday seems to have inspired the bulls to get moving this morning. Asian and European markets are both higher overnight and the Futures are currently pointing to a substantial gap up open. As I write this, the Dow Futures suggest better than a 150 point reversal of yesterdays close. As always be careful about chasing gap, but if we see buyers stepping in to support the gap, then the Dow has at least for now passed the test of holding its 50-day average. A good sign indeed. However, it’s always wise to watch for the potential whipsaw after a gap that could bring prices right back down.

There seems to be a great deal of anticipation of strong earnings this quarter with some of the big techs simply rejecting yesterdays selloff and moving higher. If the bulls do show support today and with some good big bank earnings on Friday we still have the chance of closing this week on a high note. Let’s keep our fingers crossed.

Trade Wisely,

Doug

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TNDM Setup and Trade Plan

July 12, 2018 by Ed Carter

Today’s Featured Trade Idea is TNDM.

It appears we are gapping higher this morning (as of 7am), so I guess Trade War Fear is only a one-day illness for the market. With the Bulls looking to come back in, I am looking at the TNDM setup.

TNDM is working on a J-hook (near b/o) and printed a Bullish Engulfing signal (of a Doji) on Wed. Not bad in the face of a Bearish day. I will be looking for a b/o Entry using the teal line of recent resistance as Support to protect my Stop. The first Target will be the 23.6% Fib Extension (after a 38.2% retrace) and the 2nd Target up where the 38.2% extension matches well with a Weekly S/R level. 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 TNDM Trade Setup – As of 7-11-18

The Trade Plan

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

[button_2 color=”light-green” align=”center” href=”https://youtu.be/b6qzxU8cEQ4″ new_window=”Y”]Trade Plan Video[/button_2]

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

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July 11, 2018 by Doug Campbell

Good Morning team.

Markets are pulling back due to more trade war jitters but this pullback has setup a couple trades in XLK and XLE. Please keep in mind my intention is to try and hold them through earnings session because I believe these sectors will produce good earnings. I have no idea if my assumption is correct so you may choose not to take them.

On XLK consider the SEP 68 Calls. The 67 strike would work as well. I will place my initial stop at $70.10 to allow the ETF a little room to move. If it does move up we will then consider selling some calls against the position.

On XLE consider the SEP 73 Calls. My initial stop will be at $75,00. Once again if the price moves up we will look to sell calls against the position.

Remember all trade ideas are for your evaluation and consideration.