MTSI Setup and Trade Plan

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Today’s Featured Trade Idea is MTSI.

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.

The chart broke a long-term downtrend forming a bottom over the last 4 months.  It broke into a Rounded Bottom Breakout pattern on earnings at the beginning of May and has now also completed a J-hook pattern inside that RBB.  At the end of last week it broke through and held above a long-term Resistance level (proving it is now Support on 2 successful retests).  We will be looking for an Entry inside a Buy Box (based on it doing intraday retracing pretty much every day).  Then we’ll use a Gap-fill Target as well as a second confirmed off the Weekly chart.  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 MTSI Trade Setup – As of 6-10-18

 

 

The MTSI 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 how many shares you can buy while still maintaining your desired level of risk, what position size and percent of your account that would represent.  This makes it very easy for you to adjust to your own account parameters.  TV20/20 also shows you the current Bullish and Bearish conditions for this ticker.  Finally, you can immediately grasp the potential reward and the Reward/Risk implications of the trade as you have planned it.  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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If you’re interested in putting the power to Trader Vision 20/20 to work for you, click below.

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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

 

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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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MTSI Bullish “W” Pattern Solid Base

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MTSI Bullish “W” Pattern Solid Base

MTSI has run from a solid base with a Bullish “W” pattern. MTSI gapped out out a bullish “w” pattern into an (RBB) Rounded Bottom Breakout pattern/strategy then ran to the Dotted Deuce. With 22% to the RBB target area on the daily chart and about 34% to the Dotted Deuce on the 2-day chart. MTSI is being put on out Hot list along with ten other for members.

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

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SPY • Bulls Have The Ball

The Bulls have the ball, and they are acting as if they plan to take across the $280.40 line. Price action has been bullish; the trend looks in good shape with higher lows and higher highs. Unless there is some political unrest or a freaking tweetfest, we should be in good shape. If the sellers take the ball and push the price below $274.80 and the T-Line the 34-EMA would likely see a test.

VXX – (Not much change) The Red, the White and Blue indicator is signaling there is no fear in the VXX chart. Price is in a T-Line run down. The hourly chart is starting show activity; It might be a good idea to keep an eye this thing.

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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.

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Politically Charged Weekend

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Politically Charged Weekend

Politically Charged WeekendAs we head into the uncertainty of a politically charged weekend its easy to become frustrated when we experience overnight reversals such as the one we’re likely to experience this morning.  Yes it frustrating but we should also be very grateful for the fantastic profits this weeks rally provided.  We saw new record highs in two indexes with the other two finally found the energy to break through key resistance levels.  All and all a really good week of trading.

With the 2-day G7 meeting about to begin in the midst of trade negotiations, it’s not a big surprise that the market is a bit apprehensive ahead of the weekend.  Directly after the G7 meeting, the president travels to Singapore for the North Korean summit.  Plan your risk carefully as we head into the weekend.

On the Calendar

We have a very light day on Friday’s Economic Calendar with no expected market-moving reports.  At 10:00 AM is the Wholesale Trade report, and the Baker-Hughes Rig Count is at 1:00 PM closing the calendar day.

The Earnings Calendar is also light today with only 13 companies reporting earnings today with AMED being one of the most notable after the bell.

Action Plan

We closed the day yesterday with some clues that the current market rally could be running out steam.  The candle patterns left behind suggest a little caution that a consolidation or market pullback could soon begin.  Unfortunately, caution seems to have flown directly into a TweetStorm as France and the US square off ahead of the G7 meeting in Canada.

As I have mentioned before, political uncertainty creates one of the most challenging environments for traders.  With the G7 meeting, this weekend followed directly by the US-North Korean summit; there is plenty of political uncertainty facing the market ahead of the weekend.  Currently, the Dow Futures are suggesting a gap down of more than 100 points.  Protect your profits and plan your risk carefully as we head into the weekend.

Trade Wisley,

Doug

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Trade and Make Money Frizzy

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Trade and Make Money Frizzy

Sometimes we get caught up in the let’s trade and make money frizzy, and we forget to take a break and relax, or we don’t know when we should not trade because of personal events. Have you ever plotted out your trading account on a graph? Looks just like a chart, doesn’t it? Take a look at the up trends and the down trends and compare your profit loss trend line with the market. Try looking at the dates on your account trend, does the bullish or bearish trend match up with days or weeks you didn’t feel good or something that made you unhappy? Just think about it. – Rick

Today is Friday, and we don’t post trade ideas but will be posting trade ideas in the trading room.

Website Page Updates

Tuesday night Webinar Replay – Click Here

TV20/20 Trade Plans – Click Here

Free Stock Trade Ideas –  Click Here

HRC Trading Results – Click Here

SPY Pull Back to the T-Line?

Both Wednesday and Thursday I was talking about easing up on the buying and selling and concentrate on preserving what $$$ you have made. In fact a few times in the trading room I said “You don’t need to make new money every day, some days are about protecting what you have made”  The SPY, DIA, QQQ. And IWM has been very bullish the past seven days, and we feel a little rest is needed. A rest to about the T-Line normal and healthy for the market.

Testimonial

In the past eight months, I have been a fortunate member of Hit and Run Candlesticks Right Way Options. The education on a day-to-day basis is both informative and fun. The E-learning further cements the learning experience along with the educational archives and methodology. If you enjoy working with other members to solve mutual options strategies engagingly with a sense of purpose, then this membership can be yours.

Jerry Hefner

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

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is 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 except for the trading desk of Hit and Run Candlesticks Inc.

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Trade Performance Feature Trade Ideas Follow-Up

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On Friday’s, Hit and Run Candlesticks does not issue Featured Trade Ideas.  So, instead of planning a new trade, we’ll use Friday’s to check the performance of our trades to date, check on our open trades and adjust and positions as needed.  Since this is our first review, we’ll cover the 2 closed trades as well as our 5 open trades on Featured Trade Ideas.  We’ll also adjust a few Stops.  As a bonus, if you click the green button below, you’ll be able to watch a video where I review these trades and discuss how and why I adjust my positions using Trader Vision 20/20 software.

Of course, members can listen to Rick’s analysis of the overall market and his open position in the trading room at 9:10am Eastern.

 

Featured Trade Idea Account Performance As of 6-7-18 Close

Featured Trade Idea Performance

2 Closed trades (one $506.25 winner, one $80 loser) and 5 open trades (all in the green).

+$1871.50

Not too bad for less than two weeks trading!

 

Blog Account Trade Log as of 6-7-18 Close

Blog Account Trade Log as of 6-7-18 Close

 

Note how Trader Vision 20/20 does so much of the work for you.  All of your trades are logged, in incredible detail.  This will allow you to analyze patterns in your trading, identifying problems and improving your performance.  You’ll also be able to get back inside your own head even if you revisit the trade years later.  Having all this information give you the ability to keep improving and reducing the emotional roller coaster that the amateurs face every day!

 

Sorry folks, I had a video crash and didn’t have time to re-record, render and post until Friday afternoon.

The good news is that we’ve made even more profit since the images above were taken (prior to Friday’s open).

 

[button_2 color=”light-green” align=”center” href=”https://youtu.be/ZJs7QmG9Wws” new_window=”Y”]Trade Review 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

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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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 Alert

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Good Morning team, its Christmas in June!

Gift of the Huge GapYesterday afternoon we took a position on QCOM and it’s gaping up nicely this morning.  I will be watching it closely after the open and may close the position.  Remember gaps are gifts and I don’t know about you but I kind of like opening gifts!  Congrats everyone.

Remember all trade ideas are for your evaluation and consideration.

Dow breaks through 25,000

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Dow breaks through 25,000

Dow breaks through 25,000About 90 minutes in the trading day yesterday a small flame began to burn in the Dow that quickly grew into a huge bullish fire pushing the index higher and the Dow breaks through 25,000.  At the end of the day, there were new record highs in the QQQ,’ and the IWM and the SPY surged higher as well.

Asian and European markets also posed gain overnight, and the current futures suggest a little bullish follow through at the open with a modest gap up this morning.  After such a strong recovery rally it would not be out of the question to see some profit taking begin at any time so be careful not to chase at the open.  The Bulls could also just as easily ride the momentum wave higher today so stay focused on price action.  Yesterday was a very good lesson that price action is king and predicting is a losing proposition.

On the Calendar

The Thursday brings us a full Economic Calendar but only one possible market-moving report at 8:30 AM Eastern.  According to consensus Jobless Claims expect a reading of 225,000 this week, an increase but continues to show strong labor demand.  After that, we have the Consumer Comfort Index @ 9:45, Quarterly Services @ 10:00, Natural Gas @ 10:30, five bond Announcements, Consumer Credit @ 3:00, Fed Balance Sheet & Money @ 4:30 to end the calendar day.

On the Earnings Calendar, we have 46 companies reporting earnings with SJM before the bell and AVGO after the close.

Action Plan

After the morning gap up the market seemed to stall for about 90 minutes.  The QQQ and SPY started to show a slight weakness, and then the lagging Dow Index began to catch a bid igniting a very strong rally.  After cutting through the resistance at 25,000, there was a skirmish between the Bulls and Bears just above 25k, but in the last 30 minutes of trading, the Bulls gained the upper hand index advanced another 100 points.  The buying was infectious spreading across all of the indexes with the QQQ’s & IWM once again setting new record highs.

If there ever was a good lesson in staying focused on price action and avoid prediction, it was yesterday.  Asian and European markets joined in on the bullish celebration also posting gains overnight.  Consequently, the futures are once again pointing to a gap up open this morning more than 50 points.  And once again I will caution you about chasing the gap and staying focused on price action.  Profit taking could begin at any time so have a plan to protect those tasty profits the market has provided during this fantastic recovery rally.

Trade Wisely,

Doug

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