Good Morning everyone friends!
Yesterday turned out to be a typical trading day ahead of a major holiday. Anemic and choppy. Although there is a possibility the could get inspired and reach out for 20K at anytime we should also be planning for the very real possibility that it goes nowhere until after Christmas.
Speaking of Christmas I will be taking the day off to get some shopping done for my wife. I will be here for the first hour or so this morning but will likely be gone the rest of the day. That means there will not be an RWO room today. The video is longer than normal today because I wanted to cover some of the stocks showing patterns that may set up trades today.
Wish me luck because just typing the word shopping makes me feel a bit ill
Have an awesome day.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
HRC Member’s – Go to the members’ area for today’s stock picks
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ZOES Long | RBB | Morning Star like pattern | Continuation pattern
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:
Not much change in yesterday’s market SPY, IWM, DIA, IWM, QQQ, buyers still holding the power. The market is soft right now, both sides are enjoying the holiday season.
We still have individual charts that are creating wealth for us – BMY, and did you see BCRX yesterday. SGY, WTI, UIS, INN, these are just a few trades that subscribers are celebrating.
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Members Daily Trade Ideas. Be aware of sudden market changes!
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ZOES Long | RBB | Morning Star like pattern | Continuation pattern
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:
Not much change in yesterday’s market SPY, IWM, DIA, IWM, QQQ, buyers still holding the power. The market is soft right now, both sides are enjoying the holiday season.
We still have individual charts that are creating wealth for us – BMY, and did you see BCRX yesterday. SGY, WTI, UIS, INN, these are just a few trades that subscribers are celebrating.
Stock Picks below
Members Daily Trade Ideas. Be aware of sudden market changes!
Daily stock picks reserved for subscribed members
Continue Reading
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.
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