HCLP – Rounded Bottom Breakout Set Up

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HCLP – Rounded Bottom Breakout Set Up

HCLP – Rounded Bottom Breakout Set Up

HCLP – Rounded Bottom Breakout Set UpHCLP (Crush Partner LP) chart has triggered a Rounded Bottom Breakout on the 13th after price found a bottom and started to rise. The Bullish Morning Star kicked off the recent run, and now we have 3 consolidation bars. Price has also broken above the bear’s downtrend line. We will cover the entry, stop and profit zones in our morning comments as well as the members trade ideas. Note we already own HCLP

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 – Hit and Run Candlesticks

We bought the featured trade idea yesterday, still holding IDXG for an 18% profit so far, still holding MNKD for a 45% profit so far. Our UGAZ gaped yesterday and closed well. Lastly, we closed OA on yesterday’s gap for a 23.77% sweet profit.

Are you having trouble putting together a winning trade? Not sure what scans to use? So near to having multiple winning trades, but something always goes wrong. Maybe a couple hours with a trading coach could make all the difference in the world. Hit and Run Candlesticks has 4 trading coaches – Learn More about the Coaches

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.

 

► MTOR – You would be up about 34.98% or $631.00

If you bought 100 shares when we posted to our members on July 26. Hit and Run Candlesticks members practice trade management and trade planning with Price and Candlesticks, The T-line, Trend, Trend Lines, Chart Patterns, Support, and Resistance.

 

► Eyes On The Market (SPY)

The SPY is still holding the bullish line as the market continues to climb the wall of worry, so we plan to stay bullish. $248.05 remains our first major support line, caution between $248.05 and $246.20. Below $246.20 we will become bearish.

► 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.

 

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.

 

Bulls continue to display inspiration.

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Bulls continue to display inspiration.

Bulls continue to display inspirationThe apparent progress from the beltway on Tax Reform has raised hopefulness of success.  As a result, the Bulls continue to display inspiration pushing the Dow Futures up more than 50 points.  Personally, I don’t like chasing a gap up to new market highs, but it is undebatable that the overall market is trending up.  Thus, I must continue to trade with the trend and look for new trades showing bullish trends for entries.  Because we have rallied very strongly, I will also be on the lookout of for clues to a pullback or consolidation.

As we trade this trend we have to keep our head on a swivel and expect quick volatility as the tensions with North Korea continue to grow.  Over the weekend the US practiced bombing drills over the Korean peninsula.  I suspect the patients of the White House is beginning to wear thin with the Korean leader continuing to display unstable defiance.  Trade with the trend but have a plan for the potential volatility.

On the Calendar

This week’s Economic Calendar is heavily laden with very important reports, but we began with a light day.  At 10:00 AM eastern is the Housing Market Index which is expected to fall at least 3 points to 65 due, to hurricane impacts.  However, the low estimate sees a very sharp decline all the way down to 53.   At 4:00 PM is the Treasury International Capital which would be very unlikely to move the market.  Other than that we have a couple of bond auctions and a single announcement to fill out the day.

On the Economic Calendar, there are less than 20 companies reporting earnings today, and I don’t expect any market-moving reports.  Keep in mind today is the QQQ Ex-dividend date.  If you are not yet into the habit of check earnings report on the positions that you hold or are thinking about buying now, is a good time to get started.  Before you know it, we begin fourth quarter reports and there will 100’s or reports daily.

Action Plan

We finished last week with all the major indexes showing strength and the DIA’s setting another new record.  Although the market continues to look over-stretched, the Dow Futures are pointing to yet another gap higher due to hopeful news out of Washington D.C.  All of a sudden there seems to be some progress on the beltway in regards to a highly desired tax reduction package.  The FOMC also meets this week, and forecasters see a 60% or better chance of another interest rate increase in December.  It is also expected they begin an unwinding their massive balance sheet in 10 billion dollar increments.  There will be a lot of eyes on this meeting.

The trend of the market is obviously up, and as a result, I will continue to trade long and look for new long trades.  However, I will be sensitive to the fact that market could soon require a little rest or pullback after moving up so strongly.  Of course news at of D.C. or the increasing tensions with North Korea and Iran could quickly change all expectations.

[button_2 color=”green” align=”center” href=”https://youtu.be/fju1CLgLfGI”]Morning Market Prep Video[/button_2]

Trade Wisely,

Doug

MBOT – J-Hook Morning Star

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MBOT – J-Hook Morning Star

MBOT – J-Hook Morning StarMBOT (Microbot Medical Inc.) The MBOT Chart printed a Bullish Morning Star at the top end of a Bullish J-Hook continuation pattern. Fridays close was over the 50-SMA making MBOT a Rounded Bottom Breakout pattern/strategy. We see a couple great targets that can produce monster profits. We will cover the entry, stop and profit zones in our morning comments.

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 – Hit and Run Candlesticks

In the past 30-days we closed out a couple positions that were not working, and a took some profit on a few. The past 30-days we are working with a 60% win rate.

Are you having trouble putting together a winning trade? Not sure what scans to use? So near to having multiple winning trades, but something always goes wrong. Maybe a couple hours with a trading coach could make all the difference in the world. Hit and Run Candlesticks has 4 trading coaches – Learn More about the Coaches

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.

 

► TRLD – You would be up about 22.27% or $265.00

If you bought 100 shares when we posted to our members on August 31. Hit and Run Candlesticks members practice trade management and trade planning with Price and Candlesticks, The T-line, Trend, Trend Lines, Chart Patterns, Support, and Resistance.

 

► Eyes On The Market (SPY)

The SPY help above the T-Line and above support. The trend is controlled by the Bulls, so we plan to stay bullish. $248.05 remains our first major support line, caution between $248.05 and $246.20. Below $246.20 we will become bearish.

► 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.

 

Investing and Trading involve significant financial risk and are 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.

 

Back 2 Basics

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[images style=”0″ image=”https%3A%2F%2Fhitandruncandlesticks.com%2Fwp-content%2Fuploads%2F2017%2F09%2FEmail-Globe-Header-1.png” width=”1200″ align=”center” top_margin=”0″ full_width=”Y”] [img_text_aside style=”1″ image=”https://hitandruncandlesticks.com/wp-content/uploads/2017/09/image295-1.png” image_alignment=”left” headline=”Back%202%20Basics%20E-Learning%20Session%209-16-17″ alignment=”center”]This week we went back to the basics of options trading.  We discussed the right and obligations in options contracts, gave an introduction of the greeks and talk about some of the basic rules.  Plus much more.

[/img_text_aside] [button_2 color=”green” align=”center” href=”https://hitandruncandlesticks.sharefile.com/d-s0dd19efdd9044ccb”]Watch the Back 2 Basics E-Learning Replay Video[/button_2]

 

Knucklehead, Plus Friday, A Reason To Protect Your Profits

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Knucklehead, Plus Friday, A Reason To Protect Your Profits

(It’s Friday) Kim Jong-un (AKA Knucklehead) plus it’s Friday and the London train explosion and the market is a bit overbought is a good reason to protect your profits. Volatility is one thing drama is another.

Look their times to be trading, and there are times to enjoy our precious life. A seasoned, successful trader knows that today is a day to protect what you own with stops or move to the sidelines. I will remain bullish as long as price closes over $248.05 and Bearish under $246.20

A personal trade plan is essential to trading wealth and Fridays are a good day to evaluate your trade plan. Do you have a 12-month goal? Do you know how much per trade, per week so you need to meet the 12-month goal? Do you know what trade set ups are best for you? We have found from our coaching that those that live by a trade plan profit more money and have a much higher success rate of increasing their wealth.

Friday is the day we count our money and reflect on our weeks trading. How did we do? How can we improve? Take time today to pause on trading and consider education. Reevaluate your trading goals, are your goals on track?

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 9:10 EST AM every morning. Every day we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

►Trade  Updates – Hit and Run Candlesticks 

We will be closing a few winning trades today and collecting a nice bounty.

Are you having trouble putting together a winning trade? Not sure what scans to use? So near to having multiple winning trades, but something always goes wrong. Maybe a couple hours with a trading coach could make all the difference in the world. Hit and Run Candlesticks has 4 trading coaches – Learn More about the Coaches

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.

 

►Eyes on The Market

The Bulls have been good to us the last few weeks, but the world events are causing the market to slip a little today. The T-Line will get tested today and likely our $248.05 line. A gap down today with follow through will create a Bearish Island Reversal signal. Let’s not under estimate this candle pattern when reading the charts in the near future.

►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

 

Investing and Trading involve significant financial risk and are 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 market faces a weekend of uncertainty.

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The market faces a weekend of uncertainty.

weekend of uncertaintyA mad man who believes he is a god with the power of nuclear weapons at his disposal and the temperament of a misguided teenager.  What could go wrong with that?  Obviously, the market faces a weekend of uncertainty as the UN gathers for an emergency meeting to discuss the escalation of threat.  The futures reacted lower after the launch of the missile but had recovered overnight.  I wonder if they will be able to hold the market up all day?  I have to assume many will be looking to reduce their exposure ahead of the weekend.  The volatility of this market is very difficult to trade.  Please have a plan to protect your capital.

On the Calendar

A busy Friday Economic Calendar begins with the very important Retail Sales report at 8:30 AM Eastern.  The expectation is for an increase of only  0.1 vs. 0.6 due to Hurricane Harvey impacts.  Also at 8:30 AM we get the latest reading on the Empire State Mfg Survey which is expected to decline to 19.0 vs. 25.2 last month.  Industrial Production at 9:15 AM is another very important number which is expected to lift by 0.1% vs. a decline last month.  Then at 10:00 AM we get Business Inventories and Consumer Sentiment.  Forecasters see an increase in Inventories of 0.2% and a slight decline in Sentiment to 96.0 vs. 96.8 last reading.

There are only nine companies reporting earning on the Calendar today.  Also worth noting is that both the DIA and SPY pay quarterly dividends today which can have a slight impact on their prices.

Action Plan

In the act of defiance, North Korea fired another missile over the head of Japan.  This one went considerably higher and farther than previous launches.  Yesterday test proved they now can strike Guam once again raising the stakes in this very dangerous game.  South Korea responded with their own missile launch and running military drills near the border also escalating tensions.  The futures began to quickly drop but have bounced back to a flat reading this morning.

Now my question is will the market hold up as we head into a weekend filled with uncertainty?   As for me, I will be laser focused on price action and prepared to take action on any hints of failure.  Taking on new risk ahead of this weekend is not impossible but very unlikely due to the current circumstances.  I will not hesitate to capture gains if I see clues of the selloff and I may even look to take some gains simply to reduce my risk ahead of the weekend.  We are dealing with a very unstable North Korean leader which makes him very dangerous and unpredictable.  Of course, that does not mix well with markets.

[button_2 color=”green” align=”center” href=”https://youtu.be/2OogdLIhmF4″]Morning Market Prep Video[/button_2]

Trade Wisely,

Doug

 

Trade Alert

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SSTS Trade Alert

A new SSTS trade alert for your evaluation and consideration.

Company Profile

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in the Energy Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: oil, gas and consumable fuels; and energy equipment and services. The fund is non-diversified.

The Setup

XLE has been in a nasty down trend for most of the year, but it has recently found support and looking higher.  I’m looking at weekly chart because I want to hold XLE for a longer term trade.  The Hurricane’s Harvey and Irma have had a significant effect on oil supplies and likely will for some time to come.  There is also an element of seasonality to this trade idea.  As we move toward winter fuel prices, normally rise due to the increased demand for heating.  If you take this trade keep in mind, we are expecting to hold the position through the end of the year as long as the technicals continue to support the price action.
XLE

 

It is the member’s responsibility to evaluate each position for your individual trade objectives, risk tolerance, and position sizing.