S&P500 Closing at A New High free swing trade ideas

May 25, 2017 by Rick Saddler

S&P500 Closing at A New High

(SPY) – The Trend is your friend is a common trader catchphrase, and with the S&P500 closing at a new high the trend is your defiantly friend. With price rising above the T-Line and above the upper T-Line Band, power is in the buyer’s favor for now. Looking at 3-day chart on the SPY it shows a double bottom Morning Star mid-April followed by a Bullish Harami with follow through. We would be concerned if the SPY fell below $239.00

Free Trade Idea – SPWR

SPWR printed a Bullish Cradle pattern early April and had been trending up ever since. Price has now closed back above the 200-SMA. SPWR could be searching for a path to about $14.00. The 2 and 3-day charts are RBB chart patterns. Set your trading plan, you do not have a trading plan – If you need or need help with a trading plan, we are here to help.

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your education. Start small and learn

Did You Get Your Share of The 77.65%?

EXTR closed yesterday up 77.65% from the January 9th post we made to our subscribers. Take a look at the Bullish T-Line Run on the 3-Day Chart. Did you get your slice of the pie?

500 shares of EXTR was worth $2050 yesterday – Learn the T-Line from the creator of the T-Line.

Planned Membership Topics For The Summer Months

How to find the money charts
How to enter the money charts
How to protect for money with low risk
How to manage the trade
How to create profits every week
The RBB pattern
The Pop Out of The Box Pattern
Using Volatility Stops for more profits.
Continuation patterns
Trends
Support and Resistance
Planning a trade for success
Understanding Price Action
Recorded for you to keep

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What is a Trade Idea Watch List?

A trade idea watch list 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.

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is not 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 advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.

Gapping, to new record highs. Bulls are large in charge.

May 25, 2017 by Doug Campbell

Gapping, to new record highs. Bulls are large in charge.

With the market gapping to new record highs we have applauded the Bulls. An impressive performance that was certainly not expecting. Now the bigger question has to be answered. Can the hold the new highs or could this be a beautiful head fake? Only time will tell, and I am only too happy to wait on the sideline for the answer. If they do hold, I will be ready to buy with both hands after the long weekend. I may regret waiting, but I will have a worry free 3-day weekend. What will you choose?

On the Calendar

Frist off the Economic Calendar docket this morning m is International Trade Goods at 8:30 AM Eastern. The trade deficit has been getting slightly wider over the last couple reports but not so much to have caused much of problem in the overall economy. Even so, we don’t want this to become a trend. Also at 8:30 we get the latest reading on the Jobless Claims which has been pointing to a growing demand for workers. A low number shows a strengthing economy but can also suggest that inflation it on the rise providing cover to the FOMC for more rate increases. I know it’s a bug surprise, but there will also be a couple of Fed speakers today!

On the Earnings Calendar, we have 72 companies reporting today. Rental reports are heavy on the list today with ANF, BBY, BURL, COST, DECK, DLTR just to name a few. This sector has seen some significant challenges this quarter so let’s hope these companies report strong results.

Action Plan

Futures are pointing to big gap up this morning allowing not only the Q’s to make new record highs but also the SPY. The DIA and the IWM lag behind but should also show a very strong open today. A perfect V-formation is very rare in the market, but that is what we see right now in the charts. I can point to nothing other than the possible increase in inflation to explain this rally. All the uncertainty that created the selloff still exists. However, it is not our job to understand the why? Leave that to the talking heads. As traders, our job is to follow!

Unfortunately, this breakout is occurring directly ahead of a 3-day weekend. Because of that, my plan remains the same. I will not chase this move into a long weekend. I will continue to collect my gains as per my rules and manage the trades I continue to hold. I will be flush with cash next Tuesday and ready to buy if the market can hold this new level.

[button_2 color=”green” align=”center” href=”https://youtu.be/5-32nAPCT0k”]Morning Market Prep Video[/button_2]

Trade Wisely,

Doug

Doji Close In The Resistance Zone FREE Swing Trade Ideas

May 24, 2017 by Rick Saddler

Doji Close In The Resistance Zone

(SPY) – Yesterday was the fourth day for higher closes in the SPY and yesterday’s close was a Doji close in the resistance zone of recent highs. Traders around the world are wondering if the Bulls can push price out of the nearly 5-month channel.

On the daily chart yesterday’s Doji closed above the T-Line and the upper T-Line Band, the 30-minuite chart is showing a slight pull back into the caution zone of the band and a huge warning below $239.70

Free Trade Idea – SGMO

SGMO Has been trending up and broke out on May 11, 2017. Since the breakout SGMO has consolidated holding its ground at the T-Line and above the band. Yesterday’s Bullish Engulf coming off volatility support could be the clue we need to put a plan in place.

Plan your trade and trade your plan, how many times have you heard this?

Did You Know

IAC closed yesterday up 36% from the April 5th post we made to our subscribers? Did you get your slice of the pie?

100 shares on IAC was worth $2750 yesterday

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your education. Start small and learn

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What is a Trade Idea Watch List?

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.

Bullishness or complacency. You decide.

May 24, 2017 by Doug Campbell

Bullishness or complacency. You decide.

Do you believe the market is truly bullish or is this complacency? The Bulls have done a remarkable job in this rally but do they have the energy to break through resistance? The VIX suggests there is virtually no fear in this market. Could it be complacency? If I knew the answer to that, I would soon be very rich! Sadly I’m not able to see a future outcome. Thus I have to be prepared for anything. We have a three day weekend ahead of us, and in my opinion, uncertainty abounds. Have a plan. Don’t be like sheep, blindly strolling into danger just because others might be doing so. My recommendation is to be very cautious right now.

On the Calendar

Wednesday’s Economic Calendar starts off with Existing Home Sales at 10:00 AM Eastern. Home prices have been rising and days on the market have been falling this year. The numbers would suggest the economy is strong but also hints of inflationary factors heating up. At 10:30 we have the Petroleum Status Report. Efforts to lower supplies seem to have finally started to work, however, if there is an increase we can expect a negative market effect.

The big news of the day will be the FOMC minutes at 2:00 PM. With Fed members speaking almost every day I can’t imagine we will learn anything new, but they will make a drama out of it never the less. CNBC will play their most dramatic bumper music, and the talking heads will ramp up the emotion before and after the release.

Action Plan

You may have missed it, but there were some big news events overnight. The most important; Moody’s downgrade the credit rating of China do to their rapidly growing and massive debt. As of now, the markets have shrugged it off as if nothing happened. Personally, I think this is another clue of complacency and maybe a warning of troubles ahead.

I recommended caution yesterday and maintain the same stance today. A long as the market continues to test price resistance but shows the inability to breakthrough it I will remain cautious. For me, that means I will continue to trade long but will limit the number and size of my trades. I will be very picky on the trades I take and will have exit plans ready to execute on any clues of failure. Go Bulls!

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

Trade Wisely,

Doug

Plenty Bullish Charts With Solid Bullish Continuation Patterns FREE Swing Trade Ideas

May 23, 2017 by Rick Saddler

Plenty Bullish Charts With Solid Bullish Continuation Patterns

(SPY) – One thing is for sure; there are plenty bullish charts with solid bullish continuation patterns. RBB’s, mini cups and Handles, Flags, PBO’s, trends with pull back to support

Price action has rallied back above the T-Line and the upper T-Line Band. Bulls seem determined to keep the price from dropping. Between today, Wednesday of Thursday we should see a pullback to retest some of the recent 3-day moves.

FREE TRADE IDEA – SYNT

SYNT has walked into one of our RBB traps. And now above the lower resistance. Price is forming a POP out of the box price formation on the 1, 2, and 3-day charts. The dotted deuce and the deuce are overhead.

Take a look at the 2 and 3-day chart too, they can be very helpful. A tonight’s training workshop ask me about one of my tricks to managing a chart once in it.

Did You Know

AAOI was a members trade idea on May 5? The trade was simple, recognize the breakout, buy the Doji Continuation pattern. Set your stop and let the chart work.

100 Shares and you would be up $1528 at yesterday’s close

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your education. Start small and learn

What are you doing this Summer? 3 months of summer could change your life forever!

Would you like to learn – How to find the charts to trade that create a second income?
Would you like to learn – How to manage trades for $100, $250, $500, a week?
Would you like to do this just a few hours a day?

Hit and Run Candlesticks can help you with this for $70.83 per month / 3 months $212.50 / $212.50 to learn something you get to keep, something that could change your live forever.

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What is a Trade Idea Watch List?

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.

Is your bullish confidence stronger than your tolerance for risk?

May 23, 2017 by Doug Campbell

Is your bullish confidence stronger than your tolerance for risk?

Is your confidence in this rally enough to risk capital at resistance? The recovery from last Wednesday’s selloff has been impressive, but let’s keep the overall price pattern in mind. Price resistance is still price resistance and the uncertainty that created the selloff as not changed. Could the Bulls just plow right through to new highs? Obviously, the answer to that question is yes; resistance is not forever or unbreakable. However, the question we as traders have to grapple with is, how confident are you in the strength of the market at resistance?

One the Calendar

On the Economic Calendar, today is the PMI Composite at 9:45 AM Eastern follow by New Home Sales numbers at 10 AM. Both reports have the potential to move the market, and both are indicators as to the health of your economy. They have been tracking positive, but New Home Sale are leading the way with very strong results. On the Earnings Calendar, we have 41 companies reporting today. INTU is the big tech reporting after the bell today. Keep an eye on a couple of the room favorites MOMO reporting before the bell and TTWO reporting after the close.

Action Plan

At the risk of sounding like a broken record, I want to remain cautious when adding new risk. As you know, I’m currently long eight positions and want to avoid adding risk as the market tests resistance levels. Having said that there are a lot of good looking charts so if you decide to trade so be choosy. Markets can reverse very quickly at resistance so look for low-risk entries and consider smaller than normal positions.

Futures are suggesting another positive open. One of the things I always watch for when the market is testing resistance and the futures are pointing up is the whipsaw. Please understand I am not predicting that a whipsaw will occur. I am only pointing out that this is the perfect place for them to occur. The good news is whipsaw price action will usually show itself within the first 30 minutes of trading. Avoid rushing in at the open, and you can often avoid the whipsaw.

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

Trade Wisely,

Doug