Last Updated: December 19, 2016
There’s just something about the number three: the Three Bears, the rule of three, the Three Billy Goats Gruff, the Three Stooges, the magic number on Schoolhouse Rock, the number of times one must say Beetlejuice . . . Don’t believe me? Read that first bit twice more. After all, the third time’s the charm! If you find threes to be particularly lucky, you will certainly be interested in learning about the Rising Three Methods pattern, a bullish continuation signal that includes three short candles and two long ones. To learn more about this pattern’s formation and meaning, please scroll down in one . . . two . . . three!
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Good Morning everyone and happy Monday!
I always look forward to the weekend but about the time Sunday rolls around I’m always looking forward to the market opening and getting back to my routine. Last week ended with the market sputtering and consolidating after the rate hike simply running our of energy. I wish I could say strap in for a bullish ride this week but the truth is as we get closer and closer to Christmas the chances of light volume chop increase as a general rule. However, this year we have the Dow wanting to reach out for a 20K print, so there is always the chance that the bulls get inspired and make a push for that record level.
There is nothing on consequence on the economic calendar until 1:30 PM Eastern time when Janet Yellen speaks. Although it’s unlikely she says anything that will move the market you never want rule out the possibility, so keep an eye out during her speech.
Wishing you a profitable day.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
HRC Member’s – Go to the members’ area for today’s stock picks Members Link
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
BCRX Long | 2 & 3-Day RBB | PBO to Support
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
From a bull’s eye:
As we look through charts looking at trades for today and this week we are finding more bullish trades than we can possible trade. The money making setups are there. The bulls are still in CHARGE!
We hear from traders daily ask, isn’t the market getting too overbought to trade? You must remember that the market can stay overbought and continue to climb for a long time.
Are you ready for 2017? Register for the 2016 Holiday Training Series and KICK START YOUR 2017 SUCCESS!
Join Rick Saddler Founder of Hit and Run Candlesticks tonight December 19, 2016, and receive the recorded training webinars presented by Tina Logan, Doug Campbell, Ed Carter and Steve Risner. Get more information here
Stock Picks below
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
BCRX Long | 2 & 3-Day RBB | PBO to Support
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
From a bull’s eye:
As we look through charts looking at trades for today and this week we are finding more bullish trades than we can possible trade. The money making setups are there. The bulls are still in CHARGE!
We hear from traders daily ask, isn’t the market getting too overbought to trade? You must remember that the market can stay overbought and continue to climb for a long time.
Are you ready for 2017? Register for the 2016 Holiday Training Series and KICK START YOUR 2017 SUCCESS!
Join Rick Saddler Founder of Hit and Run Candlesticks tonight December 19, 2016, and receive the recorded training webinars presented by Tina Logan, Doug Campbell, Ed Carter and Steve Risner. Get more information here
Stock Picks below
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
Good Morning everyone and Happy Friday!
As we close in on a 20K print for the Dow the market seems to have shifted for all bull to more of a 2 sided looks with short sellers and profit takers equally matched. As they duke it out in the center of the ring there are still so many good charts it’s difficult to choose which traders to take. As you know I view Friday much like Rick and prefer to do more selling than buying on make Friday a payday.
We have housing start numbers prior to the open today but unless the number is a real surprise I doubt it will provide direction to this morning’s market. At this time futures are showing a positive open and Friday’s have lately been quite bullish so fingers crossed let’s wish for a bullish day to close out this busy week.
Much of the country will have a bitterly cold weather, wish you all a safe and restful weekend!
Trade Wisely,
Doug
Click Here to Watch the Morning Video
HRC Member’s – Go to the members’ area for today’s stock picks Members Link
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
INFN Long | RBB | Inverted H&S | PBO
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
From a bull’s eye: The SPY pulled back yesterday closing above the T-Line™ on the daily chart while the 4-hour chart closed below the lower T-Line™ band. On the 4-hour chart price constructed a Shooting star on high volume, a great deal of caution is needed for the next few days. Protecting your money is just important as making the money.
Coaches are booking up – Reserve your Coach and get a jump on next year
PROBLEM:
We have found many traders just need a little help to reach the next level of trading. The next level could be to increase profits or go from almost profitable to profitable.
- Not sure about your strengths and weaknesses
- Searching for your trading style
- Need help building a trading plan
- Not sure how to use chart patterns, trendlines, price action or Candle signals
SOLUTION:
Hit and Run Candlesticks offers private coaching
- 4 Professional coaches
- Coaching tailored to your needs
- Affordable blocks of time
https://hitandruncandlesticks.com/coaching/
Stock Picks below
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
INFN Long | RBB | Inverted H&S | PBO
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
From a bull’s eye: The SPY pulled back yesterday closing above the T-Line™ on the daily chart while the 4-hour chart closed below the lower T-Line™ band. On the 4-hour chart price constructed a Shooting star on high volume, a great deal of caution is needed for the next few days. Protecting your money is just important as making the money.
Coaches are booking up – Reserve your Coach and get a jump on next year
PROBLEM:
We have found many traders just need a little help to reach the next level of trading. The next level could be to increase profits or go from almost profitable to profitable.
- Not sure about your strengths and weaknesses
- Searching for your trading style
- Need help building a trading plan
- Not sure how to use chart patterns, trendlines, price action or Candle signals
SOLUTION:
Hit and Run Candlesticks offers private coaching
- 4 Professional coaches
- Coaching tailored to your needs
- Affordable blocks of time
https://hitandruncandlesticks.com/coaching/
Stock Picks below
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
Good Morning RWO!
Half way through December and the question on everyone’s mind, Did the Fed kill the Santa Claus rally? Personally, I don’t think so. If you think about just how much the markets have moved in the last 6 weeks it’s actually amazing that yesterday we didn’t pull back a lot more. Dow futures remained positive all night long and although lower than the overnight highs they still continue to remain positive at the moment.
There are several big items on the economic calendar this morning. As long as they don’t disappoint in a big way we could have a positive open contrary to what yesterday’s closing candle would suggest.
I don’t expect the bulls to give up on 20K very easily. Even if we get more selling today I think the bulls will at least attempt another shot at that big round number before year’s end. Believe me, I know the market needs a pullback but the super bull may still have a few more things to say.
Have a great day!
Trade Wisely,
Doug
Click Here to Watch the Morning Video
HRC Member’s – Go to the members’ area for today’s stock picks Members Link
Last nights e-Learning link: https://hitandruncandlesticks.sharefile.com/d-s8b7a318ced949bc9
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
TEX Long | Trending | Higher Lows | J-Hook Continuation
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
From a bull’s eye: The SPY hit our $228.00 line yesterday and the DJ-30 came so close to the 20K number. Today it’s ALL about the FED’s and how the market reacts.
Going into today’s trading the bulls are still in charge, we will be for any trend charge clues, careful not to micro-manage, here are 4 tools that could help; The T-Line™, Price action (Candlesticks), Support, Volatility Stop
Coaches are booking up – Reserve your Coach and get a jump on 2017
PROBLEM:
We have found many traders just need a little help to reach the next level of trading. The next level could be to increase profits or go from almost profitable to profitable.
- Not sure about your strengths and weaknesses
- Searching for your trading style
- Need help building a trading plan
- Not sure how to use chart patterns, trendlines, price action or Candle signals
SOLUTION:
Hit and Run Candlesticks offers private coaching
- 4 Professional coaches
- Coaching tailored to your needs
- Affordable blocks of time
https://hitandruncandlesticks.com/coaching/
Stock Picks below
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
