LOXO – Pop Out OF The BOX Set Up

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LOXO – Pop Out OF The BOX Set Up

LOXO – Pop Out OF The BOX Set UpLOXO (LOXO Oncology Inc) The LOXO Chart has presented us with a Pop Out Of The Box set up after a bullish cradle pattern and long-term consolidation. Price has recently broken out 3-month cup type bottom. The T-Line has turned up, MACD, BOP and being above the cloud are positive.

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

To big changes in our trade portfolio, 1st we were stopped out of RAD for 7.55% and 2nd we closed MNKD for a sweet profit of 25.59%. Not a bad day overall.

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.

 

► Ticker (A) – You would be up about 17.77% or $697.00

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. We teach, coach and mentor our members everyday, we teach swing trading in a simple and easy to understand way.

[button_2 color=”light-green” align=”center” href=”https://ob124.infusionsoft.com/app/orderForms/Membership—Hit-and-Run-Candlesticks—Quarterly” new_window=”Y”]Trade with us – Learn and Earn with us – Try it for 3-Months[/button_2]

 

► Eyes On The Market (SPY)

Overall the BULLS are still in control of the ship! Looking at the SPY, the T-Line is in a bullish climb and price is above the T-Line. The chart pattern of the last 5 days is choppy but bullish. Today we hear from the FOMC on the rate hike, that could push the market higher or pull it down.

► 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.

 

FOMC Meeting Begins Today

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FOMC Meeting Begins Today

FOMC Meeting Begins TodayThe Bulls gave a very strong performance yesterday pushing the DIA once again to new record highs.  A major influence in the rally was the strength shown in the financial sector ahead of the FOMC.  The FOMC meeting begins today with the odds of an interest rate increase in December now above 60%.  The market will be heavily focused on their statement tomorrow afternoon, and as such we could see some choppy price action as we wait.  The rally is now 7-days old so it would be normal to see the market take a little rest or even experience a light volume pullback.

On the Calendar

The Tuesday Economic Calendar begins with Housing Starts at 8:30 AM Eastern.  Forecasters are expecting a rise in August 1.173 annualized rate vs. 1.155 in July.  Housing permits are expected to decline from 1.220 million vs. 1.223.  Also at 10:00 AM is the less important Import Export Prices.  Consensus has Import prices rising to 0.4% and Export prices falling by 0.2%,  Of course, the big news on the calendar is that the FOMC begins their 2-day meeting with the announcement scheduled at 2 PM Eastern on Wednesday.

On the Earnings Calendar, w have just short of 20 companies reporting earnings today.  The most notable today is ADBE, FDX, AZO, BBBY, and CPRT.  Of those only BBBY reports before the bell while we will have to wait until after the close for the others.

Acton Plan

Once again the futures are pointing to a positive open today.  The DIA and IWM both closed yesterday holding up quite strongly with the QQQ’s, and SPY struggled to hold the morning bullishness.  With the FOMC beginning their meeting today it would not be surprising to see the market become choppy as it waits for their decision.  There could also be some market tremors depending on the news out of the UN as Trump call for further action against North Korea today.

The overall trend of the market remains bullish, and as such I will look for new long trades.  However, I do want to acknowledge that the run sharply higher the last seven trading days and rest or pullback are not out of the question.  The last thing I want to do is to become overly long when the market is at new highs after such a strong run-up.

[button_2 color=”green” align=”center” href=”https://youtu.be/BErmKcAdcW4″]Morning Market Prep Video[/button_2]

Trade Wisely,

Doug

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]