Morning Video Posted at 7:41 AM EDT

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Good Morning Profit Traders!

Short and sweet this morning.  It’s all about the data and the Fed today.  Manage the positions that you’re in pop some popcorn, roast some chestnuts on an open fire and put up your feet and watch the show.

I would not be at all surprised to see the Dow make a run for 20k at some point during the day today but expect a lot of volatility particularly after the FOMC announcement it.  When the dust settles and the gamblers have left to lick their wounds we can get back mixing it up.  Until then it’s best just stand aside.

Have a great day!

Trade Wisely,

Doug

Click Here to Watch the Morning Video

Public Swing Trade Ideas 12-13-2016

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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

BMY Long  |  RBB  |  Morning Star  |  Doji Continuation
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.

bmy-12-13-16From a bull’s eye:  There is just not much to say about the market (It’s still bullish) A lot of questions are being raised about the tomorrows FED announcement. Will rates be raised and how will it affect the market? Well…. It is my opinion that the rates do need to be raised and yes I believe it will affect the market in a small minor way, what you have to think about is small to me might not be small to you.
I keep telling everyone to follow and trade the charts, we have the perfect tools to do so, Candlestick signals, Chart Patterns, Support & Resistance, Trends and good old common sense and the T-Line™.

 

 

 

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

Member Trade Ideas 12-13-12016

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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan

BMY Long  |  RBB  |  Morning Star  |  Doji Continuation
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.

bmy-12-13-16From a bull’s eye:  There is just not much to say about the market (It’s still bullish) A lot of questions are being raised about the tomorrows FED announcement. Will rates be raised and how will it affect the market? Well…. It is my opinion that the rates do need to be raised and yes I believe it will affect the market in a small minor way, what you have to think about is small to me might not be small to you.
I keep telling everyone to follow and trade the charts, we have the perfect tools to do so, Candlestick signals, Chart Patterns, Support & Resistance, Trends and good old common sense and the T-Line™.

 

 

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

Morning Video 12-13-16 Posted at 7:47 AM EDT

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Good Morning Traders!

Yesterday was as expected with a little light volume chop.  I was expecting the same for today but when I looked at the futures this morning the bulls clearly have different plans.  I could not believe my eye when I saw the Dow futures up 75 points.  I jumped on the CNBC app looking for a headline that could it explain it but all I could find was a decision from the president-elect on a couple appointments.  I guess the market really likes his picks.  I have seen the market move based on a new president but I can’t remember a time when the market has moved like this every time an appointment is made.  Incredible!

We have Import/Export number this morning and a couple bond auctions but I doubt very much they will move the market this morning when released.  Keep in mind we have a huge data day tomorrow which adds another layer of amazement to the sharply bullish push this morning.

I now believe there is nothing that will stop the bulls in reaching out for a Dow 20k print and the way the market has been moving we could see it happen before the end of the week.  It would seem the market has extremely high expectations for our new leadership.  Here’s to hoping he can live up to this vote of confidence!

Have an awesome day!

Trade Wisely,

Doug

Click Here to Watch the Morning Video

Morning Video 12-12-16 Posted at 7:45 AM EDT

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Good Morning Friends!

I hope everyone had a restful weekend and are feeling ready to go for another busy market week.  Last week was incredible with the bulls really putting on a show of strength.  Even the Q’s which had been lagging behind managed to not only hold above the 50 SMA but also a breakout of a major resistance level.

Now the question is will the bulls be able to hold these new levels or will the bears show they still have teeth.  The economic calendar has several bond auctions and the Treasury Budget at 2 PM EDT but I would not expect them to have enough power to move the market.  If fact my guess is we will likely get very quiet and choppy until Wednesday when we get a huge data dump as well as the FOMC Announcement.

Clearly, the bulls have the advantage this morning with really no clues in price action suggesting selling at least at this point.  However, at anytime it should not be a surprise if a pullback were to begin so stay on your toes this week could be pretty wild.

Have a profitable day!

Trade Wisely,

Doug

Click Here to Watch the Morning Video

CSX Trade Results 12-8-16 Posted at 8:00 AM 12-9-16

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I closed the last part of CSX shortly after the open on 12-8-16 as I had recommended in in the trade alert on 12-8-16.  Below are the  final results of my trade.  Keep in my your results may be slight different but the point is we all made a very nice profit on this position.  Congrats.

Click Here to View the Final Trade Sheet