Friday, July 27, 2018 Weekly Update Thank you for reading our blog

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Friday, July 27, 2018 Weekly Update

For the past 15 trading days, the SPY been trending above the T-Line and the T-Line has been rising (higher highs), and the 34-ema is doing the same. This past week has been nearly a perfect storm for perfect trading. Overall there are more positive earnings results than negative, and the market seems to like that (go figure). As of the close yesterday, our Red, White and Blue chart is bullish; we will continue to follow the chart and update our members each day.

The VT chart I have been following has turned up and is acting better for the bulls. VXX continues to trade below the T-Line, below the T-Line we have very little concern.

Trading Results

About the 6th of August, we will be able to update the “Road To Wealth” Account with the July numbers so you can follow along. I can give numbers as of yesterday’s close. 2018 YTD (Through July 26) +223% and for July +13%

To view the Hit and Run Candlesticks 2018 project account “Trading for Wealth.” Click Right Here

How would you like to see every trade I make when I make it? Do you think it would help you with your education if you follow along? If so, Click Here and email me a note.

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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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Information overload

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Information overload

Information overloadInformation overload!  A barrage of earnings data, economic and political data will sweep over the market today.  Futures suggest a modestly bullish open on the Dow while the Nasdaq braces for a substantial gap lower as 150 billion in FB value evaporated after the bell yesterday.  At the same time, the market is breathing a sigh of relief with the agreement reached between the US and Europe averting a battle of tariffs.

How will the market respond?  Your guess is as good as mine, but I plan to approach the morning cautiously and prepared for an extra dose of volatility.  Expect fast price action and be prepared for quick reversal and whipsaws.  Stay focused, flexible and disciplined.

On the Calendar

We kick off the Thursday Economic Calendar with three 8:30 AM report with the potential to move the market.  Durable Good orders are looking for a gain of 3.2 percent bouncing back on May’s 0.6% decline due to a surge in aircraft sales.  Remove transportation and core goods, and consensus expects a solid increase of 0.5 percent.  International Trade in Goods according to forecasters will see the deficit widen from 64.8 billing in May to 67.2 in June.  The Weekly Jobless Claims expects to show strong labor demand but with claims increasing this week to 219,000.  Non-market- moving events include Retail & Wholesale Inventories @ 8:30 AM, The Natural Gas Report @10:30 AM, Kansas City Fed. @ 11:00, 3 Bond Events between 11:00 AM and 1:00 PM, Fed Balance Sheet & Money Supply wrapping up the day at 4:30 PM.

Today is the biggest day of the week on the Earnings Calendar with more than 320 companies scheduled to report.  Stay on your toes.

Action Plan

The market has a lot to react to today that could create significant price volatility.  First, we have more than 320 reporting earnings this morning.  Secondly, the Tech sector will have have to face the huge disappointment from FB earnings and the stock erasing 150 billion in value overnight.  Last but not least a major agreement between the US and the EU effectively ending the trade war with one of our strongest allies.  As I write this, the Dow Future are pointing to a slightly bullish open, but the Nasdaq is bracing for a rough open after the sharp decline in FB.

I think its fair to say anything is possible so stay flexible and focused on price action.  Plan to see some very fast price action during the morning rush and remember fast intraday reversals are possible with so much data to chew through.  Prepare for what could be a wild and challenging day.

Trade Wisely,

Doug

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BIG Flag Print In A Rounded Bottom Breakout

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BIG Flag Print In A Rounded Bottom Breakout

BIG has presented a flag pattern in a Rounded Bottom Breakout pattern/strategy. For the past 4-months BIG has constructed a bottom with highs and lows. This past ten days or so BIG has challenged the highs and is winning. With followthrough from the flag pattern, I see a swing of about 13.5 to 21.5%. An Option trade could also be a consideration.

On Thursday, July 26, at 8:00 PM Doug Campbell with be hosting a Workshop “Trends With Benefits.” If you would like to learn more about the workshop Click Right Here.

For more details on the BIG 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 • Price and The T-Line

The SPY pop $2.40 yesterday closing only $2.57 from the 2018 highs. With a 17 day, T-Line run the Bulls have done a fantastic job of running the Bears off. Using the V-Stop, price action and a daily chart I see support on the SPY near $281.05. Using the V-Stop, price action and a 2-day chart I see support near $278.60. The SPY seems to be holding up pretty well as I write this 5:00 AM EST. Considering FB. Keep your eyes on the QQQ’s today/

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

Members Login for what Rick is adding to his trade watch list Right Here

Focus Trading Education

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

To learn more about our trading tools join us in the trading room or consider Private Coaching.

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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 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.

 

 

BIG Setup and Trade Plan

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Today’s Featured Trade Idea is BIG.

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.

BIG is working on a Rounded Bottom Breakout and has consolidated for a week right above the b/o level (proving it is Support). I will be looking for a Consolidation b/o buy area with the first Target defined by Weekly Resistance about $46.90. The second Target set off Weekly chart is $50.19-ish, but we’d have to break the 200sma to reach that. So I’ll bank on this trade making its gains between the 2 Targets.

TV20/20 tells us that BIG has at least a month until earnings and has a number of Bullish conditions in its favor. Be aware that it also tells us we need to reach above Target #1 to make this Trade Goal ($350 profit), but can make 2.5:1 Reward/Risk at Target #1 and if we follow this plan $485 if both Targets are reached.

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 BIG Trade Setup – As of 7-25-18

BIG as of 7-25-18

 

The Trade Plan

BIG Trade Plan for 7-26-18

 

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, 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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7-24-18 Public e-Learning Effectively Using Brokerage Orders

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Effectively Using Brokerage Orders

In this video, Doug Campbell discusses how to use different types of Brokerage order effectively, in order to make your life easier as a Trader.  Numerous charts and trades are reviewed and used as current examples.

1 hour 28 minutes

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

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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

[testimonials style=”8″ margin_top=”” margin_bottom=””][testimonial name=”Alan%20Helmstetter” company=”” href=””]%3Cp%3EI’ve%20been%20managing%20my%20own%20money%20for%20many%20years%20and%20have%20been%20interested%20and%20dabbled%20in%20trading%20stocks.%20I%20joined%20some%20services%20over%20the%20years%2C%20but%20none%20worked%20for%20me.%20I%20am%20getting%20closer%20to%20retirement%20and%20wanted%20to%20learn%20more%20about%20trading%20stocks%20as%20something%20to%20do%20in%20retirement%20and%20to%20supplement%20income.%20I%20learned%20all%20about%20candlesticks.%20Did%20much%20paper%20trading%20of%20stocks.%20Results%20were%20good%2Fbad%20and%20never%20got%20ahead.%20Came%20across%20a%20free%20HRC%20webinar%20and%20really%20liked%20the%20approach.%20Joined%20a%20month%20trial%20and%20also%20attended%20an%20RWO%20webinar.%20Decided%20to%20join%20RWO%20because%20of%20the%20options%20approach%20and%20have%20been%20a%20member%20for%20four%20months.%20Rick%20and%20Doug%20are%20the%20real%20deal.%20Both%20are%20amazing%20at%20reading%20charts%2Fprice%20as%20well%20as%20teaching%20their%20expertise.%20In%20the%20daily%20chatroom%20you%20will%20get%20potential%20trades%2C%20but%20more%20importantly%2C%20you%20will%20become%20part%20of%20a%20team%2C%20learn%20how%20to%20identify%20trades%20and%20even%20more%20importantly%20how%20to%20properly%20plan%20and%20manage%20trades.%20You%20know%20the%20adage%20–%20%22You%20give%20a%20man%20a%20fish%2C%20and%20you%20feed%20him%20for%20a%20day.%20You%20teach%20him%20to%20fish%2C%20and%20you%20give%20him%20an%20occupation%20that%20will%20feed%20him%20for%20a%20lifetime.%22%20%3Cstrong%3EGive%20them%20a%20try%20you%20will%20not%20regret%20it!%3C%2Fstrong%3E%3C%2Fp%3E%0A

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Fear-Of-Missing-Out

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Fear-Of-Missing-Out

fear-of-missing-outDuring earnings season all traders experience the Fear-Of-Missing-Out emotion.  We see the big price moves and the potential of making the big bucks, and we race blindly to get our piece of the pie.  As emotion grows, discipline gets pushed aside, and the trader begins to break every trading rule in the book.  If you owned a trading firm and your traders acted in such a way you would fire them on the spot. Right?

Remember trading is a business.  You are competing with the best and brightest and believe me; they want your money as much as you want theirs.  As a retail trader, you must hold yourself accountable and maintain your discipline at all times.  If you let emotions such as the Fear-Of-Missing-Out drive your decision making then get ready to watch your money disappear.

On the Calendar

New Home Sales and the Petroleum Status Report are the potential market-moving events on today’s Economic Calendar.  According to consensus the June new home sales at 10:00 AM eastern will decline to 668,000 vs. 689,000 May reading.  Then at 10:30 AM we will get the latest reading on unforecast US Petroleum Supplies.  We have at 7:00 AM report of Mortgage Applications and bond auctions at 11:00 AM as well as 1:00 PM to wrap up the calendar day.

On the Earnings Calendar, the reports continue to ramp up with more than 230 companies scheduled.  Among the pre-market reports are BA, KO, UPS & GM with post-market reports including FB, F, LVS, & MAT.

Action Plan

A very nice move higher yesterday with the market reacting the to positive earnings reports.  However, the overall price action of the day was anything but smooth experiencing two nasty whipsaws.  Overnight Asian and European mixed seeming to follow the lead of the bullish but choppy US indexes.  Futures are taking a wait and approach this morning with more than 100 earnings reports to react to before the bell.  With more than 600 reports between now and the close on Friday, we and expect a surge in price volatility as the market reacts.

If you’re inexperienced, it may be best to stand aside and watch the drama unfold from the safety of the sidelines.  Those who do trade will have to stay very focused on price action clues and willing to hold through potentially violent intra-day swings and large morning gaps.  Although the earnings drama fuels the Fear-Of-Missing-Out and the desire to rush, we need to stick to our rules maintaining a business focused discipline.  If you trade your emotions, you’ve already lost the battle.

Trade Wisely,

Doug

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NIHD Buyers Produced a Bullish Engulf Are you registered fro Thursday night?

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NIHD Buyers Produced a Bullish Engulf

NIHD buyers produced a Bullish Engulf with followthrough. NIHD has been in a trend for the past 6-months and recently ran into a little resistance that forced NIHD to retreat to the 34-EMA. Immediately a Bullish Engulf was printed followed buy bullish followthrough. Yesterday price rallied and closed over $4.75. We will be looking for a bullish trader over $.75 

On Thursday, July 26, at 8:00 PM Doug Campbell with be hosting a Workshop “Trends With Benefits.”

If you would like to learn more about the workshop Click Right Here.

For more details on the NIHD 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

SPY • Price and The T-Line

Yesterday the SPY broke and held above the July 18 high and closed with a Doji at $281.61. The buyers are still very much in control with price leading the T-Line and the T-Line trend. If the buyers can’t hold above the T-Line, then the 34-EMA area is the Likely target zone. Did, you know trading in a trend offers a tremendous amount of benefits when it’s traded right?

Thursday evening July 26, HRC/RWO will be teaching about ‘Trends With Benefits”

Click Right Here To Learn More

 

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

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 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.

 

 

Indexes hold key supports

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Indexes hold key supports.

Indexes hold key supportsAlthough a slow and choppy day the indexes hold key supports as they waited for after the bell earnings reports.  Of course, the tech behemoth GOOG was the most anticipated, and once again the company sailed past estimates gaining nearly $50 a share in aftermarket trading.  Futures that flat-lined all day became decidedly bullish and maintained that stance through the night.  Asian and European markets were also bullish overnight and helping the Futures that are currently suggesting a substantial gap up open.

Be careful not to get caught up in earnings euphoria and chase into stocks that are near resistance levels.  Remember, that warm and fuzzy feeling we get from good earnings reports can quickly reverse with so many companies reporting.  I’m not hoping for or anticipating that I’m only reminding everyone we need to remain flexible,  focused and prepared to adjust with market conditions.

On the Calendar

The only potential market-moving report on the Tuesday’s Economic Calendar is the 9:45 AM PMI Composite Flash Report.  Consensus expects the PMI Composite to come in at 56.3, manufacturing at 54.9 and PMI services at 56.4 for July.  We have the FHFA Housing Price Index at 9:00 AM, the Richmond Fed Manufacturing Index at 10:00 AM and two Bond Auctions at 11:30 AM & 1:00 PM to finish up the day.

Earnings reports continue to ramp up with 144 companies reporting today.

Action Plan

Yesterday’s price action was mind-numbingly slow and choppy waiting for the after the bell earnings reports topped by GOOG.  After the reports, the Futures became decidedly bullish and remained so all night.  Asian and European markets also took the queue trading higher across the board.  As I write this, the Dow futures are pointing to a substantial gap up of nearly 100 points.  However, with a large number of earnings reports before the bell this morning that could certainly change.

GOOG blew the doors in its earnings report lending credence to the bullish anticipation of this quarters tech results.  Financial’s were also a bright spot for the market yesterday with many of the big banks starting to recover breaking multimonth downtrends.  With so many companies reporting this week keep in mind that price action can be very fast and challenging to trade even for experienced traders.  While it’s true, the market looks bullish and likely to gap up today that can easily reverse as companies report.  Stay nimble and plan your risk carefully.

Trade Wisely,

Doug

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