Stampede of Bulls

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Stampede of Bulls

Stampede of BullsThe 2018 Stampede of Bulls rages onward and upward.  They have been running so long, and so hard you would think their hearts would soon explode.  Any bear that predicted they would soon stop has perished under their pounding hooves.  If you long the market stay long the market until price action clues suggest profit taking has begun.  If you’re on the sidelines then for goodness sake don’t let the fear of missing out convince you to chase this late in the rally.  As profits grow in such a strong bull run, so does the pressure on traders holding positions.  No one wants to sell to soon yet we all know a roll-over cold begin at any time.  My only advice, don’t allow greed get in the way of taking profits.  Consider scaling out to reduce the pressure and prevent emotional decision making.

On the Calendar

Only one important report on the Tuesday Economic Calendar.  At 8:30 AM the Empire State Mfg. Survey is expected to remain very strong at a consensus of 18.6 vs. Decembers 18.0 reading.   After that we have three bond auctions and believe it or not, no fed speakers.

On the Earnings Calendar, we have 23 companies stepping up to report quarterly results today.  Among them are UNH and CSX which both report before today’s bell.

Action Plan

Just when you think this market couldn’t get any more bullish, it does.  With 3-200 point days already this year, I believe this might be the strongest start to a year in my 28 years of trading.  Once again all four of the major averages closed at record high levels on Friday reacting to strong bank earnings.  Personally, I think the market seems excessively exuberant.  However, this morning futures are a perfect example of why it’s unwise to bet against such a strong trend.

As I write this, the Dow Futures are pointing to an opening gap of more than 200 points.  Who could have imagined that just 7-trading days after breaking through 25,000 the market could open above 26.000?  Remarkable bullishness indeed!  With such a massive gap up to new market highs chasing an entry would obviously be unwise.  Stay with the trend but also remain laser-focused on price action.  Logic would suggest profit taking could begin at any time but don’t try to predict when that might occur.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/n908Apf9pAQ”]Morning Market Prep Video[/button_2]

Bull Kicker RBB Strategy MHLD Bullish Over $7.60

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Bull Kicker Rounded Bottom Breakout Strategy

Bull Kicker Rounded Bottom Breakout StrategyMHLD printed a Bullish Kicker last Wednesday followed by two days of rest. The MHLD chart has been trending down and may now be ready for a relief rally to the 200-SMA then to test the $11.00 area. We have swing profit zones near the November high then above the 200-SMA. Our basic strategy will be the Rounded Bottom Breakout selling into strength.

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

►Simple Proven Swing Trade Tools

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_2 color=”blue” align=”center” href=”https://hitandruncandlesticks.com/private-personal-coaching-right-from-the-pros/” new_window=”Y”]Work With a Coach • Take That Next Step[/button_2]

 

► Learn the Power (NUGT)

On January 10, we shared, in detail, the technical chart properties of NUGT in our members Trading Room and why we thought this chart was ready for a test of the resent high with a breakout. Friday the profits would have been about 11.95% or $370.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits. (See Above)

► Eyes On The Market

The Bulls seems to be feeling pretty good about there selves today with the futures up. All I can say is don’t fight the trend, waiting for minor profit taking to find a PBO entry is a winning strategy.

The T-Lines have stayed bullish climbing higher with price only returning for more money to pour in.

Now and then the market feels the need to wake us up. Tuesdays Doji close in the SPY and Wednesdays gap did just that, even tho we can see the trend is bullish. If you mix the price action of the last three days you pretty much have normal action in a bullish chart. A good rule of thumb is that if the price can close over the T-Line High and if the T-Line High is higher than it was 10-20 days ago the bulls are winning the game. Read the chart and what you know to determine how and what you should trade.

The VXX short-term futures just can/t seem to close above the Lower T-Line and show follow through, but when it does the bear will get bigger.

Rick’s Swing Trade ideas – 

Symbols from TC2000
WYNN
IMMU
DO
ABX
HFC
DNR
MHLD
BURL
XON
ATRS
CONN

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.

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Bull Kicker Rounded Bottom Breakout Strategy MHLD Bullish above $7.60

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Bull Kicker Rounded Bottom Breakout Strategy

Bull Kicker Rounded Bottom Breakout StrategyMHLD printed a Bullish Kicker last Wednesday followed by two days of rest. The MHLD chart has been trending down and may now be ready for a relief rally to the 200-SMA then to test the $11.00 area. We have swing profit zones near the November high then above the 200-SMA. Our basic strategy will be the Rounded Bottom Breakout selling into strength.

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

►Simple Proven Swing Trade Tools

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_2 color=”blue” align=”center” href=”https://hitandruncandlesticks.com/hrc-rwo-30-day-offer/” new_window=”Y”]Learn the T-Line Bands Price Action Strategy 30-Days $14.00[/button_2]

► Learn the Power (NUGT)

On January 10, we shared, in detail, the technical chart properties of NUGT in our members Trading Room and why we thought this chart was ready for a test of the resent high with a breakout. Friday the profits would have been about 11.95% or $370.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits. (See Above)

► Eyes On The Market

The Bulls seems to be feeling pretty good about there selves today with the futures up. All I can say is don’t fight the trend, waiting for minor profit taking to find a PBO entry is a winning strategy.

The T-Lines have stayed bullish climbing higher with price only returning for more money to pour in.

Now and then the market feels the need to wake us up. Tuesdays Doji close in the SPY and Wednesdays gap did just that, even tho we can see the trend is bullish. If you mix the price action of the last three days you pretty much have normal action in a bullish chart. A good rule of thumb is that if the price can close over the T-Line High and if the T-Line High is higher than it was 10-20 days ago the bulls are winning the game. Read the chart and what you know to determine how and what you should trade.

The VXX short-term futures just can/t seem to close above the Lower T-Line and show follow through, but when it does the bear will get bigger.

Rick’s Swing Trade ideas – MEMBERS remember to log into the members’ blog for the trade ideas – Member Login

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

[button_2 color=”blue” align=”center” href=”https://hitandruncandlesticks.com/private-personal-coaching-right-from-the-pros/” new_window=”Y”]Learn From A Coach • Take That Next Step[/button_2]

 

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.

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Trade Alert

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Good morning team.

Our trade in VLO has been a monster and today it is suggesting it still has more upside for us.  As a result I think it’s time to make an adjustment.  Consider buying back the JAN 92 Calls and at the same time Sell the MAR 100 Calls.

As it stands this trade is up 86% so if your happy with the profit please don’t hesitate to take the profits to the bank.  Congrats everyone.

Remember all trade ideas are for your evaluation and consideration.

Surprise Someone Today

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Surprise Someone Today

Surprise Someone Today; Go through a fast food drive-through line and pay for the person behind you, they will be so surprised. Kindness and putting a smile on someone’s face is good for the heart and soul.

Count your money and make notes about your week of trading. Do a little planning for next week. Clean up your watchlist. Do you have a trading plan for a strategy or chart set up? Or a trading plan for 2018? If you would like to share it will HRC  and RWO we would be happy to post it for you. Just simply send it to Rick@RicSaddler.com

Did you know if you wanted to share a chart or a trade in the trading room you can, Just let us know when you would like to do that and we can set it up? (you will need a mic. a cheap one works fine)

Mark your calendar:

Steve Risner (1973Hog) Presents Sunday nights 8-PM EST. Steve talks about charts, upcoming news and events and answers your questions.

TradeHawk Talk with “Lex” Tuesday 4:15 EST. Lex will be going over the ins and outs of the TradHawk trading platform.

Rick Saddler Hit and Run Candlesticks Founder Presents “Members e-Learning” Tuesday 8-PM EST

Today At 9:10 AM EST. Rick will answer any questions you have about trades you present.

►Simple Proven Swing Trade Tools

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 the Power (WTI)

On December 5, we shared, in detail, the technical chart properties of WTI in our members Trading Room and why we thought this chart was ready for a 20% Plus run. Yesterday the profits would have been about 43% or $715 with 500 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

 

► Eyes On The Market

Yesterday was a great day to be trading with Hit and Run Candlesticks and Right Way Options. We were all making money and taking profits.! The SPY recovered from its one-day pullback with a bullish gap and follow-through. Support has moved up to $274.45. The T-Lines remain in a bullish trend; bullish profit zones are $276.75 – $277.70 – $279.30

The VXX short-term futures closed lower yesterday, surprising not as low as I thought they would have with the market being so bullish. Price remains trending down with the T-Line.

Rick’s Swing Trade ideas – MEMBERS remember to log into the members’ blog for the trade ideas – Member Login

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.

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Let the good times roll!

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Let the good times roll!

Let the good times rollYesterday I mentioned that I would not be surprised to see the rest and even slip into consolidation.  The Bulls obviously had other plans, setting new record highs in all the major indexes.  It seemed as if the entire world suddenly became worried that they were missing out and started buying with both hands.  Let the good times roll!

Yesterday’s rally was not only strong it was very widespread with strength even in microcap stocks.  As we head into the weekend, let’s not forget to take some profits and be thankful for the relative ease at which they occurred.

On the Calendar

The Friday Economic Calendar begins with two very important reports.  At 8:30 AM eastern is the Consumer Price Index which forecaster see rising 0.1%, less food and energy the and the number grows to 0.2%.  Year-on-year, the consensus gain is expected at 2.1% with the core at 1.7%.  Also at 8:30 is the very important Retail Sales that includes holiday spending.  December Retail sales expect an increase of a strong 0.5% with ex-auto sales at 0.4%.  10:00 AM brings the Business Inventories which forecasters see a 0.3% build for November inventories.  We have two Fed speakers today, one at 12:30 PM and another at 4:15 PM to close the calendar week.

On the Earnings Calendar, we have 18 companies reporting with the big banks in focus today.  Blackrock already reported very strong results and had increased their assets under management to a whopping six-trillion!  We will also hear from PNC, JPM, and WFC today.

Action Plan

The bulls were out in force yesterday closing all four of the major averages at new record highs.  Also, surprising was the strength across almost all sectors.  And it would appear that the bulls want even more with the Dow Futures currently pointing to a gap up of nearly 100 points.  Go, Bulls go!

As normal I will be much more focused on taking profits as we head into the weekend than adding additional risk.  We should also keep our emotions in check because all the rampant enthusiasm in the market it would be easy to chase an over-trade.  If you do add new trades today make sure you are entering low-risk positions that are at or near price support levels.  Don’t become complacent and stay focused on price action clues.  It may seem as is the market will never again selloff right now, but we all know the day is coming so stay focused.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/Nq8w_2IMGHM”]Morning Market Prep Video[/button_2]

Resiliency

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Resiliency

ResiliencyAfter bearish gap down yesterday the bulls proved their horns continue to very sharp recovering almost all of the losses.  The ViX indicated a little fear was creeping in at the open, but the resiliency of the bulls quickly began to put those fears to rest.  Market trends continue to be strong yet appear extended.  It’s very important not to over-trade or chase during periods like this.  Choose new trades wisely with low-risk entries and consider releasing the pressure on winning trades by taking at least partial profits.  With earnings season about to kick off plan for move volatility and overnight gaps as the market responds.  Focus on price action, stay disciplined to your rules and prepare for anything like the market continues to push the upper boundaries of this strong bull run.

On the Calendar

Thursday’s Economic Calendar kicks off at 8:30 AM with two potential market-moving reports.  First is the weekly jobless claims that are expected to decline 5000 to 245k vs. 250k.  Second is the PPI-FD which forecasters think will rise 0.2% vs. the 0.4% increases each month last quarter.  There are a couple of lessor reports and a bunch of bond announcements during the day but nothing likely to move the market until the 2:00 PM Treasury Budget.  The Treasury deficit is expected to come in at $36.0 billion for December.  Then at 3:30 we have a Fed speaker as their speaking tour continues.

On the Economic Calendar, we have 18-companies expected to report.  If very important to get into the habit of checking the reporting dates of stock you own an those that you are planning to purchase.  Failure to do so can be a very costly mistake that traders can easily avoid with a little preparation.

Action Plan

Yesterdays gap down was a wakeup call that the bears are still here and hungry.  However, the Bulls really went to work yesterday to recover most of the initial losses.  This morning the futures a suggesting a slightly higher but mostly flat open today.  Although there are some earnings today, the market could wait for the big bank earnings on Friday to look for inspiration.  Also on Friday, we get the very important CPI report and Retail Sales numbers which are both market-moving reports.  As a result, we could see light and choppy price action today as we wait.

The trends are still in place so I will continue to trade with the trend, but I will also take into account that the market appears extended when considering new risk.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/g1DZwbJ4HzY”]Morning Market Prep Video[/button_2]

STLD Running the T-Lines STLD Bullish over $46.05

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Running the T-Lines

STLD Running the T-LinesSTLD printed a Bullish Belt-Hold after about three weeks of Running the T-lines. Yesterday’s price gapped down from the bear pressure and the bulls and pushed the price into and closed above the previous candle. Creating a Belt-Hold that ended the day with a Bullish Engulf. Note how the chart has been trending with pull back opportunities (PBO) after testing the T-Line and Lower T-Line.

Today At 9:10 AM ET. We will demonstrate live how STLD was chosen using our Simple Proven Swing Trade Tools

►Simple Proven Swing Trade Tools

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 the Power (GLYC)

On December 11, we shared, in detail, the technical chart properties of GLYC in our members Trading Room and why we thought this chart was ready for a 20% Plus run. Yesterday the profits would have been about 33.80% or $500.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

 

► Eyes On The Market

Every now and then the market feels the need to wake us up. Tuesdays Doji close in the SPY and Wednesdays gap did just that, even tho we can clearly see the trend is bullish. If you mix together the price action of the last three days you pretty much have normal action in a bullish chart. A good rule of thumb is that if price can close over the T-Line High and if the T-Line High is higher than it was 10-20 days ago the bulls are winning the game. Read the chart and what you know to determine how and what you should trade.

The VXX short-term futures ran up to the T-Line High and failed, this indicates yesterday there was just not enough fear to make a difference, but enough to cause a little drama.

Rick’s Swing Trade ideas – MEMBERS remember to log into the members’ blog for the trade ideas – Member Login

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.

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