BYD Painted a Doji Continuation Pattern

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BYD Painted a Doji Continuation Pattern

Yesterdays close in BYD Painted a Doji Continuation Pattern that also broke out of the Bullish “W” pattern. With about 10% of the February high, we are expecting BYD to breakout at some point and run higher. We will be planning a trade for a 30-40% run over a few weeks time. Don’t forget, managing your trade is important too, we can help with that.

PNK is another casino chart that looks ready to make a few bucks for us. Bull Kicker bounced off the 50-SMA with a T-Line Run to help price breakout. We will cover more details about stops and entries in the HRC trading room. Live Members Morning Prep with Steve Risner at 8:45 AM Est. And Rick Saddler at 9:10 am this morning.

Did you know I (Rick Saddler) opened a small $5000.00 test account to make a point and in 5 months it has grown 140%? Climb aboard the train to financial freedom with us.

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Testimonial

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

SPY • Bullish T-Line Run

The SPY is in a bullish T-Line Run that needs a little rest. Now that price has broken out of a bullish “W” pattern and test of about $269.80 would be healthy for the market. There is a possibility that the test might be a bit deeper and closer to the 50-SMA. The last thing you would want if you’re a bull is for price to lose the 50-SMA. As of now our Red White and Blue trend are still intact.

Red White Blue Trend

3-EMA > 8-EMA and the 8-EMA > 17-EMA

VXX – Take a look at you’re your VXX chart and notice how bearish Red White and Blue trend in working in the VXX

Rick’s Trade-Ideas Reserved for Members

30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual

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

 

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.

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

 

The Awesome Ratio Spread – E-learning

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[img_text_aside style=”1″ image=”https://hitandruncandlesticks.com/wp-content/uploads/2018/05/Ratio-thumbnail.jpg” image_alignment=”left” headline=”” alignment=”center”]In this E-learning we covered the various ways to use the Ratio Spread or the Ratio Back Spread.  We also cover how to analyse and manage the position.  This is a strategy for intermediate to advanced options traders.  It would be wise to Paper trade this position until and fully understand it before entering live trades.

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The Awesome Ratio Spread – E-Learning

Striking distance of 25,000

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Striking distance of 25,000

Striking distance of 25,000In the last 7-days of bullish price action, the Dow has recovered more than 1200 points and is now once again within striking distance of 25,000.  The questions now, do the bull have enough energy to punch through or will be bears defend this important psychological level as resistance.  The IWM is less than 1-point from making record highs, and the QQQ’s would only have to rise about 3.5 points to do the same.  Earnings continue to come in strong, and there are several big reports this week can certainly have the potential of moving the market.

We also have several big economic reports to consider this week and the likelihood of Trade Negotiations news adding in some nervous volatility.  So this week brings the bullish possibility of new records and bearish potential that the bears could defend price resistance.  With the Futures indicating a gap up open watch for the possibility of whipsaws as we get close to price highs.

On the Calendar

A light day on Monday’s Economic Calendar with only two Fed Speakers and three bond events which are unlikely to move the market.  Keep in mind that Retail Sales number are out Tuesday and Wednesday brings Housing Starts and Industrial Production numbers.

The Earnings Calendar for 2nd quarter earnings begins to wind down this week, but Monday and Tuesday are still full days of earnings reports.   We have 188 companies reporting results today.  Although it’s winding down, there are still some big reports through the week such as DKS, HD, M, CSCO, WMT, and CPB.

Action Plan

If big earnings reports, retail sales numbers, and housing starts were not enough to focus on the market may also have politically generated trade jitters to deal with this week.  Speaker Ryan has imposed a Thursday deadline to complete the renegotiation of the North American Free Trader Agreement.  The new agreement is largely expected to be market positive, but according to reports completing their work by Thursday’s deadline may not be possible.  Also, trade negotiations between the U.S. and China are scheduled to begin this week, which obviously has the potential to create some market shock waves.

Currently, futures suggest a bullish open with the Dow gapping up more than 50 points.  On Friday the Dow closed within striking distance of 25,000, but I would not expect this resistance to break easily.  After a 7-day winning streak, don’t be surprised to see some profit-taking or price consolidation to begin at any time.  The IWM is close to an all-time-high breakout, and the QQQ’s are also nearing price highs.  If the bulls have the energy, it is also possible to see some new records set this week as long as the political news doesn’t upset the apple cart with trade jitters.  Although I took some profits and hedged some positions last week, I will remain bullish until the price action tells me otherwise.  There are a lot of very nice charts to choose from but be careful not chase.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/PcGsNzbUa8c”]Morning Market Prep Video[/button_2]

Candle Pattern and Bullish Construction

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Candle Pattern and Bullish Construction

The candle pattern and bullish construction are suggesting the buyers are interested at these prices. BW has been in a long-term downtrend and is now 78% away from the 20—SMA and 17% from the 34-EMA making BW a PINBALL set up. FYI, it was the Pinball set up and the T-Line that made the difference for me. Hobbyist trader to trading for a living.

We will cover more details about stops and entries in the HRC trading room. Live Members Morning Prep with Steve Risner at 8:45 AM Est. And Rick Saddler at 9:10 am this morning.

Testimonial

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

SPY Showing Bullishness

The SPY is working hard to hold the bullish “W” pattern and keep the momentum after breaking out of the downtrend line. The T-Line is bullish to the 34-EMA, and the 34-EMA is still below the 50-SMA. If the bullishness continues, even with a test of the recent breakout the 34-EMA could be bullish with the 50-SMA. Price has entered the resistance area so I would be too surprised to see a test of the recent breakout.

 

VXX – Is now sliding back now that the market has shown bullish colors. At this point in the VXX, the trend is now bearish.

Rick’s Trade-Ideas Reserved for Members

 Monthly • Quarterly • Semi-Annual • Annual

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

 

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.

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

 

Don’t make the mistake of Chasing.

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Don’t make the mistake of Chasing.

mistake of chasingAfter a six-day winning streak, the futures are currently suggesting a moderate gap up at the open today.  The market has given us a great week of profits, but we don’t make the mistake of chasing this late into the rally and just ahead of the weekend.  As the indexes approach important resistance levels, I’m much more inclined to capture gains rather than add new risk as we enter the weekend.

As a matter of fact, members watch as I took profits yesterday afternoon as the market continued to power higher capturing gains that many would have to work a month to earn in a regular job.  The point is don’t allow greed to prevent you from taking a profit and doing your job as a trader.  Remember quality trades are much more important than quantity.

On the Calendar

The Friday Economic Calendar gets going at 8:30 AM Eastern with a Fed Speaker and the Import-Export Prices report.  Forecasters expect imports to rise 0.5 percent in April while Export prices will grow by 0.3 percent.  AT 10:00 AM consensus expects Consumer Sentiment to tick higher in April with a strong reading of 99.0.  Last but not least is the Baker-Hughes Rig Count at 1:00 AM which is not expected to move the market.

On the Earnings Calendar, there is a big drop in the number of reports with only 43 companies ready to fess up today.  Next Monday and Tuesday are pretty big days with around 400 points between them but after that 2nd earnings season begins to wind down.

Action Plan

Yesterday the Dow and SPY showed considerable strength pushing higher after breaking above the 50-day average just the day before.  The QQQ’s powered higher as the IWM nears the all-time highs for the average.  As I write this, the futures are suggesting a gap up open which will make the seven straight days of gain is the DIA,  SPY, and QQQ.  If you’re not already long, I would now caution you not to chase as we are nearing significant levels in the indexes.

It’s been a great week of gains I will be more focused mostly on taking profit as we head into the weekend.  The big challenge for the market now is to prove the bulls are strong enough to hold these key levels of support.  The bulls are in control and could most certainly push hard enough to close the week with 7-straight days of gains, but it would also not be that surprising to see profit taking ahead of the weekend.  Keep in mind gap up opens can easily be seen as an opportunity to sell into strength to capture gains.  I wish you all a great day and a fantastic weekend.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/zB-i1IknWgE”]Morning Market Prep Video[/button_2]

Hit and Run Candlesticks

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Hit and Run Candlesticks

Today there is no morning blog post today May 11, 2018

We will cover more details about stops and entries in the HRC trading room. Live Members Morning Prep with Steve Risner at 8:45 AM Est. And Rick Saddler at 9:10 am this morning.

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

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

 

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.

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