PIRS – Bullish Inside Day Harami

PIRS – Bullish Inside Day Harami

PIRS – Bullish Inside Day HaramiPIRS (Pieris Pharmaceuticals) The PIRS Chart has presented us with a Bullish Inside Day Harami signal. Price has consolidated for a bit now, and the 34-EMA has crossed back over the 50-SMA. The T-Line is rising with price getting ready to attack the July highs.

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Good Trading – Hit and Run Candlesticks

Learn more about Hit and Run Candlesticks, and today’s trade idea and plan plus the 10 or more members trade ideas, starting at 8:45 EST AM every morning with the HOG and then Rick at 9:10 EST. Every day we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

Trade Updates for Hit and Run Candlesticks

We bought GRPN at $4.41, and it closed Friday at 5.20, with a 17.65% profit we will be protecting profits.

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlesticks, Right Way Options, Strategic Swing Trade Service and Trader Vision.

 

Ticker (SPPI) – You could have been up about 54% or about $492.00

If you bought 100 shares when we posted to our members on August 10.

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We control our risk and manage our gains • We teach the Same • Cancel Anytime

 

Eyes On The Market (SPY)

As of Friday’s close, the Buyers have once again proved their ownership of the market. The Big three moving averages steady climbed higher, and the T-Line continues to make new highs. We do not predict we follow PRICE ACTION and the chart looking for low-risk entries for profitable swings.

What is a Trade Idea Watch-list?

A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame.  That time could be one to 15 days for example. From that watch list, we wait until price action meets our conditions for a trade.

Rick’s personal trade ideas for the day MEMBERS ONLY

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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.

 

Look out Chicago We Are Here

Look out Chicago we are Here

Look out Chicago We Are Here

We are at the Chicago Board of Trade today (CBOE) hope to see you here.

We purchased yesterday’s featured trade idea. As of the close yesterday, we are still holding our positions. Longs no shorts. The SPY is still in consolidation mode with another lower high and a close below the T-Line. We are waiting for bullish price action that closes over the T-Line. Yesterdays shadow fell below the T-Line Band Low but closed back above. A bullish clue, we still need price to follow through. All of, yesterday’s trade idea still set up perfectly.

MonthlyQuarterlySemi-AnnualAnnual • Specials and Bonuses available from time to time (Look at your emails when you get them)

Good Trading – Hit and Run Candlesticks

Learn more about Hit and Run Candlesticks, and today’s trade idea and plan plus the 10 or more members trade ideas, starting at 8:45 EST AM every morning with the HOG and then Rick at 9:10 EST. Every day we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlesticks, Right Way Options, Strategic Swing Trade Service and Trader Vision.

 

MonthlyQuarterlySemi-AnnualAnnual • Specials and Bonuses available from time to time (Look at your emails when you get them)

We control our risk and manage our gains • We teach the Same • Cancel Anytime

 

What is a Trade Idea Watch-list?

A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame.  That time could be one to 15 days for example. From that watch list, we wait until price action meets our conditions for a trade.

Rick’s trade ideas for the day MEMBERS ONLY

MonthlyQuarterlySemi-AnnualAnnual

 

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.

 

DNR – RBB Bullish Morning Star

DNR – RBB Bullish Morning Star

DNR – RBB Bullish Morning StarDNR (Denbury Resources Ltd) The DNR Chart has presented us with a Rounded Bottom Breakout Strategy and a Bullish Morning Star set up. After breaking down below the 200-SMA back in February, DNR has had the bear on its back. We have now been triggered that an RBB setup has accrued and Bullish Morning Star continuation pattern has been offered up. We will build a trading plan and follow the RBB rules.

MonthlyQuarterlySemi-AnnualAnnual • Specials and Bonuses available from time to time (Look at your emails when you get them)

Good Trading – Hit and Run Candlesticks

Learn more about Hit and Run Candlesticks, and today’s trade idea and plan plus the 10 or more members trade ideas, starting at 8:45 EST AM every morning with the HOG and then Rick at 9:10 EST. Every day we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

Trade Updates for Hit and Run Candlesticks

We are preparing for our trip to the Chicago Board of Trade (CBOE). We hope to see you there; it will be a blast.

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlesticks, Right Way Options, Strategic Swing Trade Service and Trader Vision.

 

Ticker (RIG)

You could have been up about 14% or about $124.00 If you bought 100 shares when we posted to our members on September 13. MonthlyQuarterlySemi-AnnualAnnual • Specials and Bonuses available from time to time (Look at your emails when you get them)

We control our risk and manage our gains • We teach the Same • Cancel Anytime

 

Eyes On The Market (SPY)

The SPY is still in consolidation mode with another lower high and a close below the T-Line. We are waiting for bullish price action that closes over the T-Line. Yesterdays shadow fell below the T-Line Band Low but closed back above. A bullish clue, we still need price to follow through.

What is a Trade Idea Watch-list?

A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame.  That time could be one to 15 days for example. From that watch list, we wait until price action meets our conditions for a trade.

Rick’s personal trade ideas for the day MEMBERS ONLY

MonthlyQuarterlySemi-AnnualAnnual

 

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.

 

IPXL – Pop Out of The Box

IPXL – Pop Out of The Box

IPXL – Pop Out of The BoxIPXL (Impax Laboratories Inc) The IPXL Chart has presented us with a Pop Out of The Box set up on the 3-day chart. The 34-EMA and 50-SMA have been trending perfectly since about May, and we did put it on our members watch list when it became an RBB setup/Strategy. Yes you can learn and earn with us

MonthlyQuarterlySemi-AnnualAnnual • Specials and Bonuses available from time to time (Look at your emails when you get them)

Good Trading – Hit and Run Candlesticks

Learn more about Hit and Run Candlesticks, and today’s trade idea and plan plus the 10 or more members trade ideas, starting at 8:45 EST AM every morning with the HOG and then Rick at 9:10 EST. Every day we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

Trade Updates for Hit and Run Candlesticks

We closed our CRC Friday for a sweet 20% plus profit. We are still holding HCLP with a 17.30% profit along with a few other. Because of my speaking commitment at the Chicago Board of Trade this week I will be closing a few positions and going to a little more cash.

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlesticks, Right Way Options, Strategic Swing Trade Service and Trader Vision.

 

Ticker (SEDG) – You could have been up about 110% or about $1400.00

If you bought 100 shares when we posted to our members on February 14. And now looks like SEDG might be getting ready for another run.

Our membership is worth $85.00 a month, don’t you think?  Cancel Anytime

 

Eyes On The Market (SPY)

The SPY opened below the T-Line Friday and closed slightly above with 3 lower highs on the daily chart. The 2 and 3-day charts are above the T-Line and forming a flag. Recently the sellers have chipped away at the buyers, but the buyers are still holding their ground above the T-Line lows and the Vol-Stop indicator. The past 10 days the SPY has been pretty much sideways, and I find trading to be boring when this occurs.

What is a Trade Idea Watch-list?

A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame.  That time could be one to 15 days for example. From that watch list, we wait until price action meets our conditions for a trade.

Rick’s personal trade ideas for the day MEMBERS ONLY

Start your education with wealth and the rewards of a Swing Traders Life – Click Here.

MonthlyQuarterlySemi-AnnualAnnual

 

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.

 

Bullish but slightly apprehensive

Bullish but slightly apprehensive.

Bullish but slightly apprehensiveBullish but slightly apprehensive seems to be a good description of the overall market condition this morning.  As the war of words continues to intensify between the US and North Korea, it’s like a nagging headache the market would like to ignore.  However, we should prepare for sudden spikes of volatility and the possibility of violent price action if another missile launch occurs.  There are a lot of great looking charts and bullish patterns, but I will only consider defensible low-risk positions right now.  I also want to guard myself against becoming overly long with such looming uncertainty.

On the Calendar

The last week of September begins with a light day on the Economic Calendar.  At 8:30 AM Eastern we have the Chicago Fed National Activity Index and then at 10:30 AM the Dallas Fed Mfg. Survey.  Both are reports of lesser importance and are unlikely to move the market.  We have three Fed Speakers today, one before the market open, one at mid-day and one what speaks after the close.  A few bond auctions round out the economic calendar day.

The Earnings Calendar shows about 25 companies expected to report quarterly results today.  Looking through the list, I don’t see any market movers, but RHT is one that I have seen mentioned in the several times in the trading room.  If you’re holding RHT make sure you have a plan when it reports after the close today.  We are only about three weeks away from the beginning of 4th quarter earnings.  It would be wise to begin considering when companies report as you place new trades.

Action Plan

The uncertainty surrounding the weekend and North Korea only had a modest effect on the market last Friday.  If fact IWM finally managed a breakout and a new closing record high.  The DIA left behind and indecisive candle while the SPY managed to rally off of the morning lows.  The QQQ at one point in the day slipped below the 50-day moving average, but the Bulls went to work bouncing off the average.  Fear of a market sell-off seems out of the question with ViX very close to record lows or is this extreme complacency? You decide.

We took some nice profits on Friday to reduce risk to the market so as long as the market remains in it’s up-trend, I will be looking for new portfolio additions.  The Dow futures are pointing to a slightly lower open today, so there is no need to rush.  One chart of particular interest is AABA closing Friday with a great morning star pattern right off of support and trend.  Keep an eye on it for any follow through higher as a potential entry.

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Trade Wisely,

Doug

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Ahead of the weekend with the uncertainty of North Korea I want to take a trip to the bank with some profits.  I plan to close the PYPL position for better than a 20% gain and will close half of my stock position on BRK/B.

There is nothing wrong with either position so if you feel comfortable holding them through the weekend that is certainly understandable.  Just adjust your stop and allow the trade to work.

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