Public e-Learning April 24, 2018

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Public e-Learning April 24, 2018

Webinar/Replay Click Here

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

[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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GLNG Resting on T-Line, Bullish Flag

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GLNG Resting on T-Line, Bullish Flag

GLNG has broken out and now resting on the T-Line with a Bullish Flag, Doji, and a near Bullish Engulf. Bullish trading over $30.90 should encourage more traders to follow, a breakout over $32.40 could produce a swing to the high $37.00 area. $40.00 possible with follow through. FYI the market must cooperate. We will cover more details about stops and entries in the HRC trading room.

[button_2 color=”red” align=”center” href=”https://ob124-3f9f74.pages.infusionsoft.net/” new_window=”Y”]Tonight’s Workshop • The Stochastics/RSI Edge[/button_2]

Live Members Morning Prep starting at 8:45 AM Est. With Steve Risner and Rick Saddler at 9:10 am this morning. members morning briefing

ADM 41% • IWM 13% • SHLD 57% • FOSL 11% • IWM 49% • CVEO 29% • GE 11% • ANF 56% • CREE 51% • FLO 3% • VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% • QQQ 28% • QQQ 179% • TWTR 180% • VXX 375% VIPS 118% • WTW 21.9% •

Event Calendar

SPY •

Facebook reported well and seemed to be holding pre-market. Above $167.10 should make the market a little happy.

Yesterday the SPY found the 61.8% Fib retracement and closed with a Hammer; I suspect we see the buyers attempt new high today. The important number to beat in the very near future is the $265.00 line, that would put the buyers in a position to challenge the $268.00 line and the bearish downtrend line.

The VXX chart did not back off much yesterday, but I see it has backed off a little this morning pre-market.

Rick’s Trade-Ideas Reserved for Members

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

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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.

[testimonials style=”10″ margin_top=”” margin_bottom=””][testimonial name=”Fred%20Narielvala” company=”” href=””]%3Cp%3EI%20have%20been%20a%20member%20of%20HRC%20for%20five%20years%2C%20RWO%20for%20three%20years.%20I%20applaud%20the%20efforts%20of%20all%20coaches%20Rick%2C%20Doug%2C%20Ed%20and%20Steve%20(also%20fellow%20members)%20in%20helping%20me%20become%20a%20better%20trader%20than%20I%20was%20starting%20out%20and%20I%20am%20still%20learning.%20Doug%20reinforces%20the%20%22Price%20is%20King%22%20mantra%20every%20day%20since%20we%20traders%20tend%20to%20forget%20it%20in%20the%20midst%20of%20finding%20the%20next%20’sure%20thing’%20indicator.%20Rick%2C%20will%20make%20us%20sometimes%20answer%20our%20questions%20to%20foster%20the%20thinking%20and%20quicken%20the%20learning%20process.%20Over%20the%20years%2C%20I%20have%20been%20in%20many%20trading%20rooms.%20I%20am%20here%20to%20stay.%20This%20room%20and%20its%20members%20are%20the%20best.%20Period.%3C%2Fp%3E%0A

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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.

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

 

Potholes abound.

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Potholes abound.

PotholesWithout question, this has been an odd earnings season full of potholes making for a very rough ride.  It began with the big banks beating estimates on both the top and bottom line but found sellers for the effort.  Unfortunately, that seems to have become a trend of this season as strong earnings reports continue to bring out the bears.  After the bell yesterday, we received a large number of strong reports, and once again the futures are pointing to a bullish open.  The question is will the positive open once again attract sellers?  A challenging environment to be certain.

The DIA, SPY and the QQQ are farther from the last swing highs of 4/17 and 4/18 then they are from the April lows.  The bounce yesterday was a nice relief, but with we remain under the 50-day averages the bears have the advantage, and any weak rally is therefore suspect.  Be very careful because the road ahead could be full of deep potholes.

On the Calendar

The Thursday Economic Calendar kicks off at 8:30 AM Eastern with the Durable Goods report.  Consensus expects an increase of 1.7% in March with ex-transportation up 0.5% and core goods rising 0.6%.  International Trade in Goods also out at 8:30 AM expects the deficit to narrow in March to $74.0 billion.  The one last 8:30 AM report today is the weekly Jobless Claims which consensus expects to come in at 230K as strong labor demand remains solid.  There are several other reports today as well at three bond events, but they are not expected to be market-moving.

A very busy day on the Earnings Calendar with 387 companies stepping up to report quarterly results.  Reports by in large continue to come in strong, but the trend this season appears to attract more sellers than the buyers after strong results.  Stay on your toes.

Action Plan

After Tuesday’s strong selloff the indexes managed to find a little buyers support, but bulls seemed to lack conviction.  At the end of the day, downtrends are still intact, and the DIA, SPY and QQQ’s remain under significant resistance levels.  Stocks that report strong earnings gap up at the open only to find sellers driving the price back down.  An odd and very challenging earnings season to trade.

As always the best defense is to say focused on price action and remain flexible.  Dow Futures are pointing to a slight gap up open this morning on the back of strong earnings reports.  The question is will that once again bring ou the sellers?  Tough call.  Currently, the Dow is over 950 points away from the swing high on 4/17 and about 700 points from the April low.  Stuck in the middle of the range I think anything is possible and traders have some very tough decisions to make.  Plan your risk carefully if you decide to trade and prepare for the possible intraday whipsaw that could reverse the market direction.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/JMQwkk38X0I”]Morning Market Prep Video[/button_2]

OSK Signaled More Selling

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OSK Signaled More Selling

OSK Signaled more Selling yesterday at the 200-SMA and formed a Bearish Pop Out OF the Box, and the 50-SMA has crossed below the 200-SMA on the daily chart. The weekly chart is a classic Bearish Blue Ice Failure. With a little bullish bounce, OSK may be ripe for short to about the $58 area. We will cover more details about stops and entries in the HRC trading room.

 

[button_2 color=”light-green” align=”center” href=”https://ob124-3f9f74.pages.infusionsoft.net/” new_window=”Y”]Education Opens Doors • True or Not? You Decide[/button_2]

 

Live Members Morning Prep starting at 8:45 AM Est. With Steve Risner and Rick Saddler at 9:10 am this morning. members morning briefing

ADM 41% • IWM 13% • SHLD 57% • FOSL 11% • IWM 49% • CVEO 29% • GE 11% • ANF 56% • CREE 51% • FLO 3% • VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% • QQQ 28% • QQQ 179% • TWTR 180% • VXX 375% VIPS 118% • WTW 21.9% •

SPY • Earning Season is Here

So much for the bullishness yesterday! A case where the pre-market futures where in good shape but the crowd wanted more blood. So yesterdays low nearly made it to the 200-SMA. The bigger overall downtrend is still holding price back and causing the trading range to be getting smaller and smaller with a line drawn horizontally at $256.50 (where the bulls have found support in the past). The seller has had the advantage the past four trading days, and they will continue to have the advantage until they own the $267.70 area. The SPY is getting a little shorter oversold, but that is only part of the puzzle, you will need bullish price action and a breakout to belong.

Our VXX trade is working out nicely, with the bullish engulf yesterday. Without more fear in the market the VXX may start to flame out, fear would make it fly.

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

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

 

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.

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

 

Shock-waves

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Shock-waves

Shock-wavesYesterday I wrote that the market was looking for inspiration and the bears certainly found it during the CAT conference call. During the call, CAT pointed to the first quarter as the high water mark for the foreseeable future, and that sent shock-waves through the entire market.  Stocks that were enjoying nice bullish moves but quickly reversed as bearishness spread across most market sectors.

In yesterday’s note and morning prep video, I mentioned how important it was for the bulls to recapture the 50-day average or it would open the door for the bears.  That turned out to be correct, but I have to admit I was surprised by the violence of the move.  As a result, lower highs in the DIA, SPY and the QQQ are now confirmed raising the possibility of a retest of April lows.  Futures are pointing to a follow-through gap down this morning to drive home the point that the bears are back in control.  With so many earnings reports on the calendar, more shock-waves are certainly possible.

On the Calendar

A light Wednesday on the Economic Calendar with only one market-moving report.  At 10:30 AM Eastern the EIA Petroleum Status Report could be very important for the market today in the light of yesterdays sell-off.  Oil and oil stocks have enjoyed a strong bullish move due to the tension in Syria and the drop in supply numbers from the last status report.  Other than that we have a Mortgage Applications report at 7:00 AM and 2-bond auctions that finish the calendar day.

The Earnings Calendar nearly doubles from yesterday with 245 companies slated to report results.  Yesterday certainly proved that the market reaction to earnings reports can be violent and unpredictable.

Action Plan

With more than 600 earnings reports yet to come we must be prepared for a bumpy ride.  I mentioned yesterday to stay focused on price action and remain flexible, but holy cow yesterday’s bearish reaction to mostly good reports was shocking.  The major selling seems to have triggered during the CAT conference call when they referenced the first quarter as a high point and expect results to diminish looking forward.  Your guess is as good as mine as to how that statement translated into a broad-based selloff.

Dow futures are currently pointing to gap down by more than 100 points, and the VIX appears set to break its current downtrend.  Please keep in mind that as the market chews through all the coming reports that anything is possible.  While the move yesterday may have seemed irrational, please remember it can remain that way much longer you can stay liquid.  Set your bias aside stay focused on price action and follow it rather than fight it.  Expect the bumpy ride to continue with fast price actions and possible intraday whipsaws that could quickly reverse direction.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/21pxtLqDdsg”]Morning Market Prep Video[/button_2]

Looking for inspiration.

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Looking for inspiration.

inspirationYesterday’s insipid price action seems to have finally given way to a little bullish inspiration this morning.  Futures are pointing to a substantial gap up but will need some follow-through buying if we are to recover the 50-day averages on the DIA, SPY and the QQQ.  Let’s hope earnings continue to inspire market confidence because we are at a critical decision point.

A failure to recover and hold the 50-day average could easily inspire a bear attack and confirm another lower high in the market.  However, if earnings continue to show pricing strength and the bulls get back over this important support, it could provide the bullish inspiration for another leg higher.  As of this moment, the bulls seem to have the upper hand, but with so many reports over the next few days, anything is possible.  Stay focused and buckle up it could be a wild and bumpy ride.

On the Calendar

The Tuesday Economic Calendar has three potential market-moving moving reports.  At 9:00 AM the Case-Shiller is expected to stay very strong even though consensus says it will pull back to 6.2% vs. 6.4% year-on-year.  The biggest number today is the New Home Sales report at 10:00 AM which forecasters see an improvement to 630,000 for March vs. the February reading of 610,000.   Also at 10:00 AM is the Consumer Confidence staying very strong but slipping slightly to 126.1 in April vs. 127.7 March print.  The Richmond Fed Mfg. Index and the State Street Investor Confidence also come out at 10:00 AM but are not expected to move the market.  We have 3-bond auctions this afternoon to complete the calendar day.

The Earnings Calendar currently shows 174 companies will report today.  Make sure you’re checking reporting dates on all stock you currently own and have a plan to deal with possible big price moves that can occur.

Action Plan

Yesterday saw a bit more choppy price action selling led by the tech sector as AAPL continues to suffer from bear attacks.  The DIA, SPY and QQQ’s are all below their 50-day averages with IWM still holding solidly above.  Currently, the Dow Futures are pointing to a solid gap up open of more than 100 points responding to positive earnings reports.  With so many big reports coming out over the course of this week expect and extra short of volatility, big gaps, and very fast price action.  As of now the bulls seem inspired by the earnings results but keep in mind with hundreds more over the next several days that their mood can quickly shift.  Stay on your toes, remain flexible and focus on price action.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/09voxK0mMSc”]Morning Market Prep Video[/button_2]

FEYE and Yesterday’s Bullish Harami

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FEYE and Yesterday’s Bullish Harami

FEYE and Yesterday’s Bullish Harami are signs that the buyers are still interested in buying. Friday the sellers had the candle control until they ran into support. On the daily chart, FEYE has formed a clean little cup off the 50-SMA with bullish reversal candles. With a bullish breakout above $19.05 keep your eyes on the weekly 200-SMA. We will cover more details in the HRC trading room. We are currently long FEYE

STOCHASTICS-RSI For a Sharper EDGE Workshop

Stochastics -RSI has been widely used by many but none with the accuracy and consistency of my good friend and colleague Steve Risner. Steve will be sharing how he uses Stochastic/RSI and a grouping of 3 moving averages to trade for a living. Steve will proudly show you one of his accounts that he increased from $51,642 to $55,807 in one month. Would learning more about STOCHASTICS/RSI be good for you?

[button_2 color=”red” align=”center” href=”https://ob124-3f9f74.pages.infusionsoft.net/” new_window=”Y”]Don’t Miss The Workshop – Click For Details[/button_2]

Live Members Morning Prep starting at 8:45 AM Est. With Steve Risner and Rick Saddler at 9:10 am this morning. members morning briefing

ADM 41% • IWM 13% • SHLD 57% • FOSL 11% • IWM 49% • CVEO 29% • GE 11% • ANF 56% • CREE 51% • FLO 3% • VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% • QQQ 28% • QQQ 179% • TWTR 180% • VXX 375% VIPS 118% • WTW 21.9% •

SPY • Earning Season is Here

The SPY has been working bullish magic since the Bullish Engulf on 4/4/18, at some point we all know that the run needs a rest. Why not at resistance and after a hard run to close above the 50-SMA? The last four bars have been resting and testing the ‘W’ pattern breakout. A close over the 4/18 high would put the buyers in a position to break through the downtrend line. Note T-Line is still supporting the weekly price. Please be aware of earnings, don’t over trade and trade calm.

VXX in above the 200-SMA but below the T-Line. Price is trying to construct a bottom but nothing interesting so far

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

Build the Education, Success Will Follow

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

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

 

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.

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