Bulls maintain control.

June 13, 2018 by Doug Campbell

Bulls maintain control.

The Bulls maintain control holding off profit takers yesterday with the IWM rising to new record highs and the QQQ’s pushing higher. That’s all good, but there is reason for some caution with the DIA and SPY chopping sideways below price resistance levels. The trend of all four indexes is still up so don’t read caution as bearishness. The Bulls are still in charge at the moment however the big question of the day is will they maintain that control after the FOMC announcement and forecast is released?

Currently, futures are pointing to a bullish open but don’t be surprised to see choppy price action after the morning rush as we wait on the Fed decision. After the release and during the Chairman’s press conference anything is possible. Expect wild swings and very fast price action as the reacts. Plan your risk accordingly.

On the Calendar

A busy day on the Wednesday Economic Calendar gets going with potential market-moving reports at 8:30 AM Eastern. According to consensus producer prices will increase by 0.3 percent for the Headline with 0.2 percent when excluding food, energy and trade services. At 10:30 AM is the EIA Petroleum Status report which is not forecast forward. Then at 2:00 PM comes the big event of the day with the FOMC Announcement and Forecasts. Most expect an interest rate increase of 25 basis points, but the real fireworks will be in the forecast. The excitement will continue with the Fed Speaker press conference at 2:30 PM to close the calendar day.

On the Earning Calendar, we have 26 companies reporting results today, none of which look particularly market-moving.

Action Plan

A bit of a mix in the indexes yesterday as the DIA and SPY did a sideways shuffle while the QQQ and IWM managed modest increases. All and all a good day considering the uncertainty swirling around the market. With the FOMC today we could see choppy sideways action continue after the morning rush until 2:00 PM Eastern where we’re likely to see wild price swings in reaction to the statement and forecast. I think the expected 25 point basis increase is already baked into the market so it will be the forecast that lights off the fireworks. Will, the Fed come of more hawkish by planning additional rate hikes into the future or will they shift to a more dovish stance?

There is a good chance that I will reduce risk ahead of the announcement by taking some profits on existing positions. I will also avoid considering new risk until after the announcement and the market reaction has picked a direction. In on the words, I want to keep my powder dry until the storm has passed.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/Bn3BoQB7tJY”]Morning Market Prep Video[/button_2]

GIS Setup and Trade Plan

June 13, 2018 by Ed Carter

Today’s Featured Trade Idea is GIS.

For a more detailed analysis of the ticker, refer to Rick’s Public Stock Trade Idea for today…or, of course, members can listen to his detailed analysis in the trading room at 9:10am Eastern.

However, for now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

GIS broke a long-term downtrend forming a bottom over the last couple months. It broke into a Rounded Bottom Breakout pattern on Monday and then printed a Doji Tuesday, which creates a Doji Continuation signal setup for Wednesday. We will be looking for an Entry about at Tuesday’s Close and the Target will be a Gap-fill going back to March, which will be near the 200sma when we get there. 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 GIS Trade Setup – As of 6-12-18

The GIS Trade Plan

Note how Trader Vision 20/20 does so much of the work for you. As we see above, Trader Vision shows you that the stock only needs to move 6.74% to make the Goal for the trade, while the anticipated Target price is more than 12.08%. We also see that we have almost all our trade conditions in a Bullish stance for this trade. Knowing the Risk, Reward and how far a stock must move to reach our goal…before a trade…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/PKXI0MruCGw” new_window=”Y”]Trade Plan Video[/button_2]

If you’re interested in putting the power to Trader Vision 20/20 to work for you, click below.

[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.

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

GIS Bullish Bottom Doji Continuation Setup

June 13, 2018 by Rick Saddler

GIS Bullish Bottom Doji Continuation Setup

GIS is constructing a Bullish bottom with price action now in an (RBB) setup, and the Doji Continuation setup is looking like it wants to challenge the gap, and the 200-SMA twins about $50.00. Warning, earnings are 6/27/18

If you missed last night’s webinar you could watch the Replay Right Here In this video, Rick Saddler reviews his actual 2018 Road to Wealth Account Performance. He also covers the current performance of the Trader Vision Featured Trade Idea blog. After that, he answers questions, reviews the markets and analyzes the chart for a few dozen tickers that attendees asked about.

Trading Results • Monthly • Quarterly • Semi-Annual • Annual

[button_2 color=”teal” align=”center” href=”https://hitandruncandlesticks.com/private-personal-coaching-right-from-the-pros/” new_window=”Y”]Trading Coaches • Rick Saddler • Doug Campbell • Ed Carter • Steve Risner[/button_2]

SPY • Watch Price and The T-Line

Price action is still lead by the buyers as the buyer’s march right up the T-Line to challenge the March 13 high. There seem to be only bulls around hahaha let’s not get too complacent, they are there lurking. All eyes and ears will be all about the FOMC decision today; potentially this could be a market mover or disrupter. Stay focused and trade wise.

VXX – Watch price action and the T-Line

Rick’s Trade-Ideas Reserved for Members

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

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. or Rick Saddler is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.

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

June 12, 2018 2018 Performance Update

June 13, 2018 by Ed Carter

Public e-Learning June 12, 2018

In this video, Rick Saddler reviews his actual 2018 Road to Wealth Account Performance. He also covers the current performance of the Trader Vision Featured Trade Idea blog. After that, he answers questions, reviews the markets and analyzes the chart for a few dozen tickers that attendees asked about.

1 hour 39 minutes

[video_player type=”embed” style=”1″ dimensions=”custom” width=”640″ height=”480″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player]

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

The FOMC

June 12, 2018 by Doug Campbell

The FOMC

The North Korean agreement in the rear-view mirror the market can focus on the FOMC. The odds of a rate increase are very high, but the big question is will the FOMC stop its balance sheet reductions early? At 2:00 PM Eastern tomorrow we will know the answer, until then its only speculation. If the FOMC does surprise the market with a change in policy, there will likely be a significant reaction in price. It may be wise to consider your risk and how much you are willing to hold ahead of the announcement.

Tensions between the US and Canada on trade negotiations seem to be growing with our leaders seem unwilling to play nice with each other. Needless to say, any news that improves or worsens the trade negotiation process could quickly move prices. The market hates uncertainty so stay focused on price action for clues and remain flexible.

On the Calendar

Topping the Tuesday Economic Calendar is the start fo the June FOMC meeting which will culminate with their Announcement and Forecast at 2:00 PM Eastern tomorrow. At 8:30 AM Eastern we get the latest reading on the Consumer Price Index where forecasters expect the core rate up 0.2 percent and the Year-on-year up three tenths to 2.8 percent. The Redbook is at 8:55 AM then two bond auctions at 11:30 AM and 1 PM. The Treasury Budget comes out at 2:00 PM and is expected to show a deficit of 144.0 billion according to forecasters.

A light day on the Earnings Calendar with just 25 companies reporting earnings. Notable earnings before the bell is LE with HRB reporting after the market close.

Action Plan

With a historic agreement signed to denuclearize North Korea the market has now turned its attention to the war of words between the US and Canada and the FOMC meeting that kicks off this morning. Futures are currently pointing to a slightly lower open but should not be too big of a surprise considering the Dow has gained nearly 1000 points in just over a week. Keep in mind; it was just nine trading days ago the Dow was treating to fail of the 50-moving average. Both the Dow and SPY left behind possible topping candle patterns at price resistance points suggesting a little caution might be in order.

As we wait for the FOMC decision, it’s not uncommon for the market to become a bit anemic on volume with choppy price action. However, considering the sharp rally and the jitters over trade negotiations some profit-taking would not be out of the question. I will be watching price action closely today and will likely take some profits to reduce risk before the FOMC announcement.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/0MlHfZNG5yc”]Morning Market Prep Video[/button_2]

GPRO Setup and Trade Plan

June 12, 2018 by Ed Carter

Today’s Featured Trade Idea is GPRO.

For a more detailed analysis of the ticker, refer to Rick’s Public Stock Trade Idea for today…or, of course, members can listen to his detailed analysis in the trading room at 9:10am Eastern.

However, for now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

GPRO broke a long-term downtrend forming a bottom over the last 5 months. It broke into a Rounded Bottom Breakout pattern on earnings at the beginning of May and has now broken up through several potential Resistance levels inside that RBB. On Monday it printed a Bullish Engulfing signal and broke through the last Resistance level before reaching some blue sky. We will be looking for an Entry either inside a Buy Box (above Friday’s candle body and not chasing too far above Monday’s close). The Target will be a Gap-fill going back to January, which is near the 200sma. 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 GPRO Trade Setup – As of 6-11-18

The GPRO Trade Plan

Note how Trader Vision 20/20 does so much of the work for you. As the arrows above show, Trader Vision shows you that the stock only needs to move 8% to make the Goal for the trade, while the anticipated Target price is more than 18%. We also see that we have almost all our trade conditions in a Bullish stance for this trade. Knowing the Risk, Reward and how far a stock must move to reach our goal…before a trade…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/XeIN3KjCUD0″ new_window=”Y”]Trade Plan Video[/button_2]

If you’re interested in putting the power to Trader Vision 20/20 to work for you, click below.

[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

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

GPRO Popped With A Bullish Engulf

June 12, 2018 by Rick Saddler

GPRO Popped With A Bullish Engulf

GPRO popped over the Dotted Deuce with a Bullish Engulf to confirm it’s price breakout. The (RBB) Rounded bottom Breakout strategy has paid after closing above the 50-SMA, now on Its way toward the 200-SMA and a little gap that might get filled to finish out the (RBB) strategy. Note: we bought GPRO yesterday currently up 13%. The Trader Vission 20/20 trade plan can be: Found Here

We look forward to seeing you in the trading room today. Ever wonder how we do in our trading account? Through May we are up 157%, we are on track to be up over 175% for June in our “Road To Wealth Account” Click Here To See Trading education pays off!

Trading Results • Monthly • Quarterly • Semi-Annual • Annual

[button_1 text=”Most%20Trading%20Plans%20Just%20Need%20A%20Tune%20Up” text_size=”32″ text_color=”#000000″ text_bold=”Y” text_letter_spacing=”0″ subtext_panel=”Y” subtext=”See%20The%20Coaches” subtext_size=”20″ subtext_color=”#1e45f6″ subtext_bold=”Y” subtext_italic=”Y” subtext_letter_spacing=”0″ text_shadow_panel=”N” styling_width=”40″ styling_height=”30″ styling_border_color=”#000000″ styling_border_size=”1″ styling_border_radius=”6″ styling_border_opacity=”100″ styling_gradient_start_color=”#49c124″ styling_gradient_end_color=”#49c124″ drop_shadow_panel=”N” inset_shadow_panel=”N” align=”center” href=”https://hitandruncandlesticks.com/private-personal-coaching-right-from-the-pros/” new_window=”Y”/]

SPY • Watch Price

The SPY closed with a little Shooting Star yesterday which suggest at least a lower low today. The trend is still intact, and we are still above the T-Line. Today’s candle and price action will tell likely give more information about the Shooting Star. The FED’s get together today, and we will know more about that tomorrow. Profits have been fantastic recently, now is the time to protect them. Stay focused.

VXX – The VXX chart is a little active but still in a downtrend. Over about $33.80 we might have to take VXX a little serious.

Rick’s Trade-Ideas Reserved for Members

Focus Trading Education

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

Testimonial

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.

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

A lot on its plate.

June 11, 2018 by Doug Campbell

A lot on its plate.

With trade negotiations seemly on shaky ground and a Wednesday afternoon, FOMC interest rate decision looming the market has on its plate as we begin this trading week. On the positive side, the four major indexes are in current up-trends with the momentum favoring the bulls at the moment. Speculation that the FOMC could end its balance sheet reduction program earlier than expected also favors the bulls because the market loves a relaxed FOMC policy.

On the negative side, we have all the political jitters of shaky trade negotiations and the upcoming summit with North Korea. The market hates uncertainty and as world leaders continue a public battle of words the market is justifiably nervous of about the possible outcome. Politically driven markets are challenging because they can suddenly reverse overnight. Have a prepared plan, try to say flexible and unbiased and focused on price action for clues.

On the Calendar

There are only bond announcements and bond auctions on the Economic Calendar today. The begin at 11:00 AM Eastern and close out the calendar day at 1:00 PM. They are of course very unlikely to move the market.

On the Earnings Calendar, we have only 38 companies reporting results today, and I don’t see any that would market-moving reports. However, make sure your checking earnings dates against current holdings and have a plan to deal with the risk.

Action Plan

After a bumpy G7 where it looks as if trade negotiations in the North American agreement have taken an ugly turn for the worse. However, with speculation that the FOMC may stop reducing its balance sheet much sooner than expected appears to have evened out the market jitters. Currently, the Dow Future’s are pointing to a flat open, but with all the political uncertainty brewing traders should be prepared for just about anything.

With the DIA, SPY, and QQQ all at or near new levels of price resistance, traders will have stay focused on price action for clues. Momentum currently favors the Bulls, but after such a strong rally last week it would not be a big surprise if profit takers begin to step in at any time. The trend of the overall market continues to be bullish thus a consolidation or light pullback that holds the trend could easily attract more Bulls. With trade war jitters and an FOMC meeting interest rate decision on Wednesday afternoon, traders will have to stay flexible. Remember the market has three directions of possible movement; up, down or sideways. Light choppy price action would not be out of the question as we wait for the FOMC decision.

Trade Wisely,

Doug

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