Filling the gap.

by

Filling the gap.

Filling the gapThe market has gone up so long, and so strongly it’s shocking when we see a quick reversal filling the gap.  It was likely a painful wake-up call for some traders, which complacently chased the morning gap.  As bad as it may have seemed the market up-trend did not break.  The bulls are still in control, but we must always remember that the bears can attack at any time.  We must always be focused and prepared.  As earnings continue to roll out increased volatility is possible.

On the Calendar

The Thursday Economic Calendar gets going at 8:30 AM with the weekly Jobless Claims.  Consensus has the number coming in around 240K and continuing to be considered full employment.  At 10:00 AM is New Home Sales is forecast to come in with a  very solid 680,000 annualized rate.  Other than that we have several lessor reports that are very unlikely to move the market as well as several bond related actions.

The Earnings Calendar hits its high point for the week with over 160 companies stepping up to report.  Make sure you are checking reporting dates and have a plan that protects your capital.

Action Plan

New record high prints across all 4-major indexes with the futures gapped the markets higher at the open.  Chasing the gap bulls seem to rush in pushing the Dow up nearly 170 points in the early session.  But then the market seemed to run out of gas selling off and filling the gap which is something we have not seen for a long time.   The last two months alone have left many unfilled gaps behind due to the strength of this bull run.  It serves as good reminder that the market can quickly change character.  Traders have to always be on their toes and ready to quickly adapt to the changing condition.  A focus on price action is the first best place to see conditions shift.  Price is always the best leading indicator.

After filling the morning gap, the buy the dip traders rushed back keeping the uptrend intact.  Futures are once again pushing for a gap up open.  The bull will not give up this fight easily especially with the expectation of very good earnings reports.  However, yesterdays price action is a clue that increased volatility, and quick reversals are possible during earnings.  If you’re in the market, always stay focused and never let your guard down.  Complacency is an account killer!

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/TyoLYFQX9Do”]Morning Market Prep Video[/button_2]

America Runs On DNKN DNKN bullish over $65.95

by

 

America Runs On DNKN

America Runs On DNAmerica Runs On DNKN, The DNKN brand broke and had created a Bullish J-Hook Continuation pattern that could lead to the $90.00 area with typical bullish price action. The recent Bullish Morning Star was a clue to the recent reversal, and higher lows and bullish price action help create the bullish candle stacking. With support around $65.95, a good entry would be near the support line.

To learn more about my trading tools join me in the trading room or consider Private Coaching. Rick will help coach you to trading success.

Today At 9:10 AM ET. We will demonstrate live how DNKN could be traded using our Simple Proven Swing Trade Tools

► Learn the Power Of Simple Trading Techniques

On October 23, Rick shared GWW as a trade for members to consider and how to use the trading tools listed below. Yesterday the profits would have been about 18.5% or $64160.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

[button_2 color=”blue” align=”center” href=”https://hitandruncandlesticks.com/private-personal-coaching-right-from-the-pros/” new_window=”Y”]Learn The Tools • Learn The Trade • Get Out OF Your Own Way[/button_2]

Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • 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 • Continuation Patterns • Trade Planning… Learn More

► Eyes On The Market

Briefly, the SPY felt the breath of the bear yesterday, but by the end of the day, the buyers were able to control the bear’s breath and close the SPY near the middle of its daily candle. IWM ended the day with a Bearish Engulf the bulls will need to pay attention. More sellers could drive IWM below the T-Line…Keep a watchful eye. The QQQ’s also printed a Bearish Engulf with better than average volume, watch price action and the short term trend.

The VXX short-term futures ventured out yesterday and peaked above its recent highs then closed back under cover. Even with a close below the recent highs, the VXX managed to close above the T-Line High; the last seven bars are supported by the T-Line Low Indicator. Price action has printed a Low – High – Higher Low. Just saying.

Rick’s Swing Trade ideas

Member Login – Full Daily List

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

Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • 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 • Continuation Patterns

 

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.

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

 

January 24, 2018 Webinar [Replay] T-Line, Trend, Price Action - Let's Put it Together

by
[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”]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[/video_player]

 

Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • 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 • Continuation Patterns • Trade Planning

[button_1 text=”Coaching%20With%20Rick%20Saddler” text_size=”32″ text_color=”#000000″ text_bold=”Y” text_letter_spacing=”0″ subtext_panel=”Y” subtext=”Learn%20More%20%E2%80%A2%20Click” subtext_size=”20″ subtext_color=”#d00606″ subtext_bold=”Y” subtext_underline=”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=”#ffff00″ styling_gradient_end_color=”#ffff00″ drop_shadow_panel=”N” inset_shadow_panel=”N” align=”center” href=”https://hitandruncandlesticks.com/swing-trade-coaching-with-rick-saddler-founder-of-hit-and-run-candlesticks/” new_window=”Y”/]

 

Hit and Run Candlesticks Events Calendar – Click Here

Overbought?

by

Overbought?

OverboughtI seem to hear the term overbought a lot these days.  Personally, I believe it’s an overused word that is misleading and dangerous.  When I was coming up as a trader, I would hear that term, and it would damage my ability to evaluate a chart objectively.  It would bias my view of a stock or the overall market creating a couple of nasty problems.  1. I would be fearful of a fall not entering good trade setups and then have to watch from the sidelines as they rallied.  Or  2.  I would convince myself I needed to get short and fight the market.  Both cost me a lot of money!

The solution?  Ignore all the noise and form your own opinion with a focus on price action.  Talking heads, analysts or stock gurus don’t care about your money.  They rarely are called on the carpet for being wrong and even if they are the damage to your account is already done.  You’re the boss.  Make decisions based on what you see not what others might think.  After all, no one cares about your money more than you do!

On the Calendar

There are three important and potentially market-moving reports on the Economic Calendar today.  The first is the PMI Composite Flash at 9:45 AM Eastern.  Forecasters expect another strong showing of 54.4 composite, 54.0 services, and 55.0 manufacturing.  At 10:00 AM is the Existing Home Sales numbers is expecting a very solid 5.750 million annualized rate for December.  The strong sales have driven down housing supplies to only 3.4 months of standing inventory.  Then at 10:30 is the EIA Petroleum Status report which has shown a steady downtrend in supplies with the winter demand increases.  There is no forward forecast of oil supply numbers.  However, looking at strong gains in oil stock prices, investors seem confident that supplies will continue to decline.

The Earnings Calendar ramps up today with just over 100 companies expected to report today.  To protect your capital, it’s imperative that all traders have a plan for earnings on anything they own or are thinking of buying.  Failure to do so can result in painful lessons.  Make it a habit of your daily preparation!

Action Plan

Another day of new record highs closes in the SPY, QQQ, and IWM.  The DIA saw choppy 2-sided price action eventually closing down a whopping 11-cents.  There seems to nothing that can stop this raging bull run.  This morning the Futures are pointing to a bullish open and currently showing a possible gap up of nearly Dow 60 points at the open.  Of course, that could change substantially with all the earnings reports before the open.

Although the market seems very extended, there are currently no clues in price action suggesting that is about to change.  Stay with the trend but don’t chase.  Only enter stocks with good risk/reward ratios at or near price support levels.  Also, keep in mind as earnings reports ramp up intraday volatility can also quickly rise.  Whipsaws and swift reveals are common.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/bgfL0xyvbb8″]Morning Market Prep Video[/button_2]

Bullish J-Hook Continuation Pattern AUY Bullish over $3.45

by

 

Bullish J-Hook Continuation Pattern

Bullish J-Hook Continuation PatternThe Price action in AUY is leading me to think yesterday’s Bullish J-Hook continuation pattern may be the beginning of money making a swing trade. Based on the chart patterns, trend, T-Line (that we discussed last night) support, T-Line Low, Volatility Stops. AUY might be a trade to the $5.50 area.

To learn more about my trading tools join me in the trading room or consider Private Coaching. Rick will help coach you to trading success.

Today At 9:10 AM ET. We will demonstrate live how AUY could be traded using our Simple Proven Swing Trade Tools

► Learn the Power Of Simple Trading Techniques

On August 31, Rick shared TLRD and how to use the trading tools listed below. Yesterday the T-Line profits would have been about 105% or $1250.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

[button_2 color=”blue” align=”center” href=”https://ob124.infusionsoft.com/app/orderForms/Membership—Hit-and-Run-Candlesticks—Quarterly” new_window=”Y”]Try HRC Out For 3-Months • Only $180.62 • With Promo Code SAVE15 • Cancel Anytime[/button_2]

Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • 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 • Continuation Patterns • Trade Planning… Learn More

► Eyes On The Market

So the market closed higher again yesterday, this has been the year for bullish T-Line Runs, profits and good times! There is not much to say about the market, seems the bears have given up. Here is a little fact I found looking at the chart…In the past 12 months the max distance between the 50-SMA and the closing price was about 4%, normally it looks like about 3% or so. Do you know what the distance is between the 50-SMA and yesterday’s closing price? Over 6%, so I have a question…How far will a rubber band stretch before it snaps?

The VXX short-term futures are still constructing a bottom based on the price action. Will the job die in bankruptcy or will walls go up? The chart is worth a thousand words.

Rick’s Swing Trade ideas

Member Login – Full Daily List

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

Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • 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 • Continuation Patterns

 

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.

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

 

Topic: The T-Line, Price Action and the Trend

by

Public E-Learning Tonight

Date: Tuesday – January 23, 2018

Time: 5:00pm PT | 7:00pm CT | 8:00pm ET

Topic: The T-Line, Price Action and the Trend

Let’s Put It Together!

Webinar Login

http://hitandruncandlesticks.webinato.com/room3

***NO Password Required****

Invite Your Friends

investing and trading involve significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for educational purposes. Terms of Service

T-Line Support MRO Bullish Chart

by

T-Line Support

T-Line SupportThe Price action in MRO presented a type of a Bullish Morning Star yesterday that fond support with the help of the T-Line as has the past 23 days, that’s what we call a T-Line Run. MRO is challenging the December 2016 highs (weekly chart) at the moment. A successful battle would suggest MRO may want to challenge the $25.00 area. To learn more about my trading tools join me in the trading room or consider Private Coaching.

Today At 9:10 AM ET. We will demonstrate live how MRO could be traded using our Simple Proven Swing Trade Tools

► Learn the Power Of Simple Trading Techniques

[button_2 color=”blue” align=”center” href=”https://hitandruncandlesticks.com/hrc-rwo-30-day-offer/” new_window=”Y”]30-Day Trial • HRC • RWO • $14.00 Each • No Auto Bill[/button_2]

On September 13, we shared CRC and how to use the trading tools listed below to profit. Yesterday the swing profits would have been about 184% or $1500.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits. CRC printed a Bullish Morning Star yesterday with T-Line support.

Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • 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 • Continuation Patterns • Trade Planning… Learn More

► Eyes On The Market

So the children in DC came to some agreement, for the time being anyway. Yesterday the SPY did what it seems to do best… climb higher. This starting to sound like a broken record, The markets bullish, the bull trend is supporting, tada, yadda, yadda. Every day I watch price and how it acts around the 8-day trend using the T-Line, and its sisters. I must admit the T-Line family has supported price very well of late. So it would stand to reason if the T-Line family fails price we could see a little seeling. My point is – Watch how price and the T-line work together.

The VXX short-term futures slide a little yesterday closing below the T-Line trend but did not close below the January 16 candle. Note the January 16 candle is the candle making the VXX interesting. Keep reading the VXX chart; the story may not be over. Those 2 Dojis lead to a bullish gap day which is now leading to more healthy bottom construction.

►Rick’s Swing Trade ideas

Member Login – Full Daily List

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

Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • 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 • Continuation Patterns

 

Investing and Trading involves 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.

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