APRI – T-Line Run Flag Pullback

August 23, 2017 by Rick Saddler

APRI – T-Line Run Flag Pullback

APRI – A T-Line Run Flag Pullback is trending and recently broke out of the $1.48 resistance line and has now pulled back on Bullish profit taking. Price has also pulled back while staying above the V-Stop. Price has also cleared the Dotted Duece and may be ready to take on the 200-SMA. We will be using the Rounded Bottom Breakout Strategy. Until the price is over the 200-SMA.

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

Added another long to the trade portfolio so now we are long 4 positions and short 2

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.

► OSUR – You would be up 72.97%% or $880.00

If you bought 100 shares when we posted to our members on March 23. Hit and Run Candlesticks members practice trade management and trade planning with Price and Candlesticks, The T-line, Trend, Trend Lines, Chart Patterns, Sup

port, and Resistance.

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► Eyes On The Market (SPY)

We did get relief bounce as we thought we would and a darn good one at that. Unfortunately, it did not close over major resistance, so the Bulls have a great deal more work to do. The upper down trend line is still in play for the sellers and price is still above the cl

oud on a Morning Star signal (2-Day) chart. The sellers have the upper hand as far as the market goes as we start the day. There are many individual long trades that look great. But we are going to keep our inverse ETF list handy.

► 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.

Finding and Trading The T-Line Bounce

August 22, 2017 by Rick Saddler

Finding and Trading The T-Line Bounce

In tonight’s e-Learning 8-22-2017 we will discuss the current state of the market, charts and Rick will share a scan that are tending with a run of 10% and near the T-Line. The recipe for a winning trade is to follow your plan and the best tools for you. We feel a few of the best tools are: Price Action, Candlesticks, Support and Resistance, Trend Lines, Chart Patterns.

Thank you, Ed Carter

For taking an idea and making it work. Ed created the scan for TC2000 and TOS that I have been using to narrow my search and look for a specific chart pattern. Sorry, it’s not the Golden Goose, you still have to do the work.

►T-Line Bounce / TC2000

This scan looks for a stock that has been trending for at least a month. In

that time it will have run up at least 10%. On top of these conditions, it

finds stocks that have bounced up off the T-line in the last 4 days.

Bullish
——————————————————————————-
TC2000

(((C3 – C25) / C25) > .10) and
C > XAVGC8 and
( ((L – XAVGC8) * .06) or
((L1 – XAVGC8) * .06) or
((L2 – XAVGC8) * .06) or
((L3 – XAVGC8) * .06) )

——————————————————————————-
TOS

# Bouncing Off T-line
# Written by Rick Saddler
# Converted to TOS by Ed Carter
#
def C = close;
def L = low;
def XAVGC8 = ExpAverage(close, 8);
#
plot TlineBounce = (
(((C[3] – C[25]) / C[25]) > .10) and
( ((L – XAVGC8) * .06) or
((L[1] – XAVGC8) * .06) or
((L[2] – XAVGC8) * .06) or
((L[3] – XAVGC8) * .06) ) and
C > XAVGC8
);

Bearish
——————————————————————————-
TC2000

(((C25 – C3) / C3) > .10) and
C < XAVGC8 and
((H – XAVGC8) * .06) or
((H1 – XAVGC8) * .06) or
((H2 – XAVGC8) * .06) or
((H3 – XAVGC8) * .06)

——————————————————————————-
TOS

# Bouncing Off T-line Bearish
# Written by Rick Saddler
# Converted to TOS by Ed Carter
#
def C = close;
def H = high;
def XAVGC8 = ExpAverage(close, 8);
#
plot TlineBounce = (
((((C[25] – C[3]) / C[3]) > .10) and
C < XAVGC8 and
((H – XAVGC8) * .06) or
((H[1] – XAVGC8) * .06) or
((H[2]- XAVGC8) * .06) or
((H[3] – XAVGC8) * .06)
);

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.

Can the Bulls repair the technical damage?

August 22, 2017 by Doug Campbell

Can the Bulls repair the technical damage?

While many traders are focused on the what will happen today, I am honestly more concerned with the overall technical damage in the charts. Today we may bounce, but the big questions are will the Bulls have the energy to repair the price damage. If we do rally, I will be keenly focused on the on the price action as we approach resistance levels. In my heart of hearts, I want the Bulls to remain in control and buy the dip, but I won’t risk my money on hope or guesses. I will need to see proof, and that may take a little time to develop. Twenty-seven years experience has taught me that there is no need to rush. If I can control my emotions, wait and watch, I get better trades, and my win/loss ratio can continue to average around 70%. You don’t have to trade every day to be a successful full-time trader!

On the Calendar

Tuesdays Economic Calander is another very light one. At 9:00 Am Eastern is the FHFA House Price Index followed by the Richmond Fed Manufacturing Index at 10:00. Both are really not-consequential reports having little chance of moving the market. Rounding out the calendar day is a 4-week bond auction.

Over 60 companies grace the Earnings Calendar today with their quarterly results. INTU, MOMO, and TOL, CRM and AABA may be extra notable for some of the members. Make sure you are checking the reporting date of all companies that affect your portfolio.

Action Plan

As I was out playing with telescopes and photographing the eclipse yesterday, I was not following along intraday as normal. Although the DIA failed the 50-day average during the day making a new low the Bull managed to stage enough of a rally to recover price and close above this important support level. The SPY, QQQ’s and the IWM all staged a late day rallies but remain under key moving averages. I suspect the market will bounce and the current futures are pointing to a slight gap up. However, other than the DIA the indexes are in a precarious position. Any rally back toward resistance levels could produce failure patterns continuing the current downtrends.

As you all know, I try to avoid prediction of any kind. I simply want to follow price when evidence of direction supported by actual buyers or sellers. As a result, I will likely give the market 20 to 30 minutes to digest the morning rush before making any trading decisions today. Of course, the top order of business is to manage current positions protecting profits and trading capital.

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

Trade Wisely,

Doug

IDXG – Pullback (PBO) Bullish Engulf

August 22, 2017 by Rick Saddler

IDXG – Pullback (PBO) Bullish Engulf

IDXG – Has presented a Pullback (PBO) Bullish Engulf yesterday after a strong rally into the Rounded Bottom Breakout strategy. The recent price action has rallied above the recently constructed bottom and our big 3 moving averages. The T-Line is above its highest 20-day high. A (PBO) is when stock rallies and prints a candlestick buy signal within the pullback. (Note we posted IDXG in StockTwits.com before the Bullish Engulf was finished and before we bought it. Look for Hit and Run Candlesticks and Right Way Options on StockTwits.com

Good Trading – Hit and Run Candlesticks

►Trade Updates – Hit and Run Candlesticks

We picked up two more longs yesterday (IDXG) and (MDXG) they both started to act very positively.

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► TECK – You would be up 22.14% or $431.00

If you bought 100 shares when we posted to our members on July 24. 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)

Yesterday we mentioned that the SPY might be ready to bounce a little as it kept trying to form a little Hammer. At this point, there is not any kind of reversal pattern so right now we can only see a possible short term relief rally. Careful not to get sucked into the bullish tunnel without the clues.

► What is a Trade Idea Watch-list?

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

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 Bears have their nose in the door.

August 21, 2017 by Doug Campbell

The Bears have their nose in the door.

With the follow through selling on Friday, it would appear the Bears have their nose in the door and smell a tasty opportunity. The Bulls will have their work cut out for them with the significant technical damage that has now occurred in three of the major indexes. A short-term oversold condition exists, and a bullish bounce is likely to begin soon. However, I would not assume the down trend is over. Any bounce or rally back to resistance could set up more selling. If you do decide to trade, keep that in mind as you plan the position. Technical damage such as this not likely to be repaired quickly. There is no rush. Wait for a defensible entry with solid evidence that the bulls are regaining control before risking your hard-earned money!

On the Calendar

It looks as if the Economic Calendar has decided to take most of the day off to watch the eclipse. At 8:30 AM Eastern there is a single report from Chicago Fed National Activity Index. As a general rule, this report will not move the market. Other than that we have a bill announcement and a couple of bill auctions wrapping up the day.

On the Earnings Calendar, we have just over 50 companies reporting earnings today. Scanning through the list, I don’t see any that would be market moving reports. However, it is always wise to make sure are checking your current holdings and those you are considering to trade. It only takes a couple of minutes but could save you thousands in trading capital.

Action Plan

Friday was a tough day for the traders that jumped in on Thursday trying to buy the dip. While the DIA managed to hold on to the 50-Day SMA, the SPY and the QQQ’s both closed below. Technically the QQQ’s are in better shape than the SPY having managed to close just above the low on the 10^th. The SPY is now technically in a downtrend and a candidate for a Blue Ice Failure pattern after a brief rally. The IWM is by far the weakest of the indexes closing well below the 200-day average, however, holding onto a major price support built over the last ten months of trading.

I was quite content with my decision to stand aside on Friday. As I will be gone shortly after the open to meet with a group of astronomical scientists to study the eclipse, I will not be trading today either. Although the futures were negative all night long, they are now suggesting a flat open. Personally, I believe that the indexes are currently over sold in the very short-term. A bounce or relief rally could begin at any time, but please don’t interpret that as an invitation to buy the dip blindly. There is a lot of technical damage in the SPY, QQQ, and IWM. Any bounce or rally may serve to attract more Bears so be very careful. Also, keep in mind much of the US will be out observing the eclipse today. I would not be surprised if the volume was light and the price action was choppy most of the day.

[button_2 color=”green” align=”center” href=”https://youtu.be/Semq3_wtAF4″]Morning Market Prep Video[/button_2]

Trade Wisely,

Doug

SPXU – Doji Continuation Pattern

August 21, 2017 by Rick Saddler

SPXU – Doji Continuation Pattern

SPXU – Closed Friday with a Doji Continuation Pattern, we have found this pattern to be very successful when you add other conditions with it. Such as a breakout of the downtrend line, bottoming patterns like a double bottom or a higher low. 2 or 3-day charts with a Bullish Engulfs. And SPXU is now one of our Rounded Bottom Breakout patterns/strategies. Keep in mind most charts don’t work right away unless you only want 1,2,3% gains and I have never met anyone who makes a living on 1,2,3% We want to profit more…don’t you?

Good Trading – Hit and Run Candlesticks

Trade Updates – Hit and Run Candlesticks

A good trader knows when to back down, lighten up on position, except the fact some days you are better off not to trade, did you know you don’t have to trade everyday? A good trader knows a $100.00 loss can be good – especially when you finally take the loss and now it’s a $500.00 loss. We are proudly in only 3 positions and in NO HURRY to trade until this craziness has stopped. Plan your trading strategy to win!

► KITE – You would be up 23.48% or $2475.00

If you bought 100 shares when we posted to our members on July 20. 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) Warning

The SPY has broken below the support line holding the lows together and has formed a Bearish “h” pattern. With Fridays close, we have a lower high and a lower low and a Bearish Doji Continuation pattern setup. When you add the short-term oversold, we could see a relief bounce. We see both long and short trade with a ton of chop, keep your fingers away from the blade.

► What is a Trade Idea Watch-list?

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

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.

Long Watch List For Next Week

August 20, 2017 by Rick Saddler

Long Watch List For Next Week

Week starting Monday, August 21, 2017. Hi, this is Rick Saddler, founder of Hit and Run Candlesticks. Below I have posted 35 stocks that I will be watching for a long trade if the correct setup and market conditions warrant Starting Monday August 21, 2017. We always make a plan and trade the plan; our trade plans are not secret we share them with anyone in the trading room or the Tuesday night webinars.

We do not expect all stocks on the watch list to work out; this is why we work very hard to teach how to enter and exit a trade with proper trade management.

PS… I will be one of the speakers in Chicago at the Chicago Board of Trade Building September 27 – 29, 2017 Hope to see you there.

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. Everyday we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

►Private Trade Coach

► What is a Trade Idea Watch-list?

►Sunday, August 20, 2017, Long Watch List

This list is compiled of long charts we also have a short and an Inverted ETF list when needed. You should never take a trade without a plan and the proper education.

Symbols from TC2000

CTRL

GLUU

MNKD

HDP

MYGN

KITE

WTW

MDXG

MTOR

XEC

NRG

OPHT

TRIP

FIZZ

COL

HZNP

TTWO

ALRM

ISRG

XBIT

TECK

NEE

MNST

QHC

MTN

PGR

TSS

WUBA

PNM

APRI

CERS

OMED

IDXG

ZOES

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.

E-Learning – Spreads – Find Them and Trade Them Video Replay

August 19, 2017 by Doug Campbell

[images style=”0″ image=”https%3A%2F%2Fhitandruncandlesticks.com%2Fwp-content%2Fuploads%2F2017%2F08%2FCredit-Spreads-Pic-1.png” width=”965″ align=”center” top_margin=”0″ full_width=”Y”] [button_2 color=”green” align=”center” href=”https://hitandruncandlesticks.sharefile.com/d-s41a05c306f34417a”]Spreads – Find Them and Trade Them Video Replay[/button_2]