DNR – RBB Bullish Morning Star

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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.

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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 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. Monthly • Quarterly • Semi-Annual • Annual • 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

Monthly • Quarterly • Semi-Annual • Annual

 

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

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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

Monthly • Quarterly • Semi-Annual • Annual • 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.

Monthly • Quarterly • Semi-Annual • Annual

 

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

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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.

[button_2 color=”green” align=”center” href=”https://youtu.be/Et1mGqVFLHs”]Morning Market Prep Video[/button_2]

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.

[button_2 color=”green” align=”center” href=”https://hitandruncandlesticks.sharefile.com/d-s15e05381b7446c7a”]Trade Alert Video[/button_2]

Saber rattling intensifies.

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Saber rattling intensifies.

Saber rattling intensifiesAs the saber rattling intensifies between the world and North Korea, the US makes moves to cut off the countries money supply.  So once again the market faces an uncertain weekend.  Asian markets reacted lower, but currently, the US Futures markets are trying to shake off the threat.  The Bulls have been incredibly strong, and yesterday the price action began showing a little stress.  Combine an uncertain weekend, with the market at this elevation some profit taking would not be a surprise.  I would also not be that surprised if the Bulls decide to thumb their nose at the threat an rally in defiance.  Stay focused on price action and try not to predict.  The clues will be there if stay focused on price and control our emotions.

On the Calendar

The last business day this week begins and ends with Fed Speakers on the Economic Calendar.  At 9:45 we get the important PMI Composite.  The September PMI consensus composite number expectation is 54.9, and the manufacturing number is coming in at 53.0.   After that, it should be smooth sailing with only a couple of minor reports unlikely to move the market.

On the Earnings Calendar, we have less than 20 reports expected today.

Action Plan

As we head into the weekend the North Korean “Rocket Man” escalated his threating rhetoric.  The news is now suggesting he may detonate a nuclear device over the water soon.  Overnight the futures reacted sharply lower on the news.  Currently, the futures are trying to shake off his latest threat pointing to only a slightly lower open.

Facing another weekend of uncertainty It would not be unreasonable to see some profit-taking.  Yesterday the price action in the major indexes began to show just a little stress.  The DIA is now displaying a Hanging Man pattern followed by a bearish engulfing candle.  Even though it’s a bearish pattern, it only suggests a lower print is possible today.  Stay focused on the price action because it will provide the clues if we allow it to do so.  As you know, I favor taking some profits before the weekend and will not change today.  Have a great weekend everyone!

[button_2 color=”green” align=”center” href=”https://youtu.be/fF4hSiWaEvI”]Morning Market Prep Video[/button_2]

Trade Wisely,

Doug

Friday – My Favorite Day of Trading

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Friday – My Favorite Day of Trading

Friday – My Favorite Day of Trading

Friday is my favorite day of trading because it’s the day I get rewarded from a hard work week. Yep, every Friday I write a paycheck to myself from my trading account. Fridays are also the day I bank any overdue profits I’ve been hanging onto (CRC would be an example) and clean up any struggling trades.

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

Today we will likely close the 2nd  ½ of CRC for about 27%. We will still be sitting 4 double digit winners that still have more to go based on the close yesterday.

Give us a try If you would like to learn what and how we do it. Click Here to give us a try, cancel at any time.

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 lost interest in a strong close yesterday; perhaps they need a rest? This past week has been great for the market as well as trading, but a hard-working horse needs a rest from time to time. The QQQ’s closed below the T-Line and below the Lower T-line but did close near the bullish uptrend line, will bullish trendline act as support? If not, it could be the beginning of a pullback that may require a few shorts to be put on or a look at the Inverse ETF’s

►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 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.