Earnings

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Earnings

EarningsEarnings season can be challenging for even the most experienced traders.  With the NASDAQ and many of the stocks that make up the index at or near all-time highs, they will be under tremendous pressure to perform.  An earnings beat can still disappoint the market if the anticipation was too high.  Believe me, I want earnings to be good and for the market to move higher but I can’t help but notice that some of these companies look quite extended.  So be careful and guard yourself against getting caught up in the drama.

Remember anything is possible at earnings, and if your biased or become emotional you’ve compromised, you’re decision-making ability.  Hold to your rules, stay focused on price and avoid gambling.  It could be a wild week of big morning gaps and whipsaws so buckle up and trade wisely.

On The Calendar

Existing Home Sales at 10:00 AM Eastern is the sole potential market-moving report on the Monday Economic Calendar.  Forecasters came to a June consensus of 5.450 million annualized rate increased only slightly from 5.430 in May.  Other than that we have The Chicago Fed National Activity @ 8:30 AM and three bond events between 11:00 AM and 11:30 AM to close the calendar day.

A big week on the Earnings Calendar with over 800 companies and nearly 1/3 of the of the S&P-500 reporting this week.  Make sure you are checking earnings reporting dates before making decisions on trades.

Action Plan

We should expect a wild and wooly with the possibility of big morning gaps and intraday whipsaws as over 800 companies step up to report earnings.  Expectations of bullish reports seem to be quite high, and many stocks have rallied in anticipation.  Keep in mind with high expectations even good reports could find sellers with the market having expected even more.

Expect fast price action with all the pent-up earnings drama spilling out at the market open.  Turn off the financial news or risk getting caught up in the drama becoming biased and end up making emotionally based decisions.  Focus on price and remember this is the perfect environment for whipsaws.  Last week the Bulls did a very good job of holding the indexes above key support levels.  A bullish sign to be certain but with may stocks like AMZN and FB at or near record highs before earnings there is a lot of pressure to perform.  Plan your risk carefully and remain flexible and be prepared for challenging price action.

Trade  Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/k6EjJKI1jmw”]Morning Market Prep Video[/button_2]

Bullish Cradle Pattern 4-Hr Chart Workshop July 26th

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Bullish Cradle Pattern 4-Hr Chart

TPB has presented us with a Bullish Cradle Pattern on The 4-Hr Chart with follow-through and a T-Line Run over the next five candles. The daily chart has printed a Bullish Morning Star Pattern, and the star was a higher low. The weekly chart is a picture of a beautiful Bullish T-Line Run and currently painting a Bullish Pop Out of The Box Pattern.

TPB is a trending chart that has presented us with no less than six benefits to trading a trend. 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 TPB 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

 

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.

Monthly • Quarterly • Semi-Annual • Annual • Private 2-Hour Coaching

SPY • Big Earnings Week

The battle is on with the buyers and sellers on who will win the T-Line. Friday the buyers held us above the T-Line but closed weak, this morning’s futures suggest the sellers are a bit more prepared than the buyers. A close below $277.15 would put the sellers in the driver’s seat to about $273.60 which is the bottom of the channel. Remember lots of earnings this week!

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.

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 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.

 

 

TPB Setup and Trade Plan

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Today’s Featured Trade Idea is TPB.

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.

TPB is sitting at an all-time high after just breaking out of a Triangle pattern on Friday. It has also printed a couple recent Morning Star signals, indicating the Bulls are still in control.  I will be looking for a breakout Entry using a Stop below the $32.20 Support level and Fib Extension Targets at the 38.2% and 61.8% levels. With 2.5 weeks until Earnings and no overhead resistance, TPB has a chance to make a little Bull run here.

TV20/20 tells us we should have 2.5 weeks until earnings and that the chart shows 5 Bullish conditions versus only the 1 Bearish. We can also see that we can reach our Trade Goal before even hitting the first Target price.  At that first Target, we’d be getting a 2.77:1 Reward/Risk on our $132 risk (to initial Stop) and if we were to follow the plan and reach Target #2, the overall trade would deliver 3.81:1 ($503.50). This seems like a pretty nice setup, all things considered.

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 TPB Trade Setup – As of 7-20-18

TPB as of 7-20-18

 

The Trade Plan

TPB Trade Plan for 7-23-18

 

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.

 

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

 

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

[button_2 color=”orange” align=”center” href=”https://hitandruncandlesticks.com/product/trader-vision-20-20-monthly-subscription2/” new_window=”Y”]TV20/20 Software[/button_2]

 

 

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

 

***************************************************************************************************

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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Trade Jitters

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Trade Jitters

Trade JittersTrade 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

[button_2 color=”green” align=”center” href=”https://youtu.be/dPLnff1vPtQ”]Morning Market Prep Video[/button_2]

Trade Follow-up for 7-20-18

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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)

Account Follow-up 7-20-18 Trade Log as of 7-19-18

 

 

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.

 

[button_2 color=”light-green” align=”center” href=”https://youtu.be/RbPifV2m124″ new_window=”Y”]Trade Plan Video[/button_2]

 

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

[button_2 color=”orange” align=”center” href=”https://hitandruncandlesticks.com/product/trader-vision-20-20-monthly-subscription2/” new_window=”Y”]TV20/20 Software[/button_2]

 

 

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

 

***************************************************************************************************

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.

***************************************************************************************************

Trends With Benefits Next Week Thursday July 26, 2018

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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.

Trading Results

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

HRC Trading Tools I Use

  • Every Day Charting – TC2000
  • Trade Planning – Trader Vision 2020
  • Trading platform and Brokerage
  • Trading Platform – TradeHawk
    • Brokerage – Tradier
    • Stock Only Trades – Flat $16.00 per month
    • Stock and Option Trades – Flat $159.00 per month

 

Monthly • Quarterly • Semi-Annual • Annual • Private 2-Hour Coaching

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.

*************************************************************************************

 

MDCA Bullish (RBB) Rounded Bottom Breakout

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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.

Monthly • Quarterly • Semi-Annual • Annual • Private 2-Hour Coaching

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.

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.

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 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.