The overall market continues to show weakness with a sellers downtrend line still in place, the T-Line™ is still tracking below the 34-ema. AAPL just reported and is down after hours. The QQQ’s have been leading the market but could end up being bruised if AAPL starts to sell off.
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ESTY Sort |PBO Morning Star| Trending
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Will $211.50 be tested (SPY)? Yesterday we had a doji top failure (Shooting Star) at the top of the downtrend line. I see a little short-term support at the $211.50 level if the sellers keep pushing the buyers back. Both SPY and IWM are setting up for serious Blue Ice Failure if the buyers don’t wake up.
The Nasdaq Composite Index is looking very toppy and forming a sellers dream; below $5180 will be painful.
USO is in a pullback stage, and we are watching the $10.95 area but most of all waiting for a reversal signal to appear, (a test of traders’ patience). UUP found resistance and printed a Bearish Dark Cloud Cover. A pull back to some extent is 100% likely.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ESTY Sort |PBO Morning Star| Trending
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Will $211.50 be tested (SPY)? Yesterday we had a doji top failure (Shooting Star) at the top of the downtrend line. I see a little short-term support at the $211.50 level if the sellers keep pushing the buyers back. Both SPY and IWM are setting up for serious Blue Ice Failure if the buyers don’t wake up.
The Nasdaq Composite Index is looking very toppy and forming a sellers dream; below $5180 will be painful.
USO is in a pullback stage, and we are watching the $10.95 area but most of all waiting for a reversal signal to appear, (a test of traders’ patience). UUP found resistance and printed a Bearish Dark Cloud Cover. A pull back to some extent is 100% likely.
Here at HRC, RWO and Trader Vision we are proud of our education. We teach a simple common sense approach to Swing Trading for Profit.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
WAC Trade | Video Replay
It was possible to get 80% from the WAC trade, but let’s be realistic. No one gets the perfect bottom or top in a chart, however, do you think you might have been able to profit a nice little bundle form a trade that offers an 80% profit window. We were able to capture 2-20+ percent trades on WAC.
This not a recommendation to this stock or option. Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Rick Saddler, Doug Campbell or this website (Hit and Run Candlesticks Inc.) should be considered as financial or trading advice. All information is intended for Educational Purposes Only.
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CGNX Long |PBO Morning Star| Trending
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Here at RWO, HRC, and Trader Vision we work hard to provide the best trading education possible. Without a solid base of trading education, it is nearly impossible to trade profitably.
We share charts that we like and trades we take, without the education many traders lose money on the best trades. Have you ever asked yourself “why others trade money” on that stock but I lost money?
Doji at resistance (SPY) — The dollar (UUP) rises, oil (USO) building support, SPY and IWM trying to push through resistance and the 34-ema. $215.90 and the 50-sma is the next big mountain for the SPY to climb if there is 34-ema success. From early August, the SPY chart has been controlled by the sellers, and the recent bullish activity has not changed very much other than we are seeing a fair amount of bullish charts setting up. The takeaway is the bullish charts while the market is in relief rally mode.
TECH is doing very well and the QQQ’s are rocking (watch AAPL).
YRCW +37.93%
AAOI +83.59%
NVDA +13.86%
WIX +26.94%
Are you in a trading room that offers up this kind of results? Are you in a trading room that is active all day? Are you in a trading room that teaches and educates every day?
If you’re not you should be!
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Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
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Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CGNX Long |PBO Morning Star| Trending
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Here at RWO, HRC, and Trader Vision we work hard to provide the best trading education possible. Without a solid base of trading education, it is nearly impossible to trade profitably.
We share charts that we like and trades we take, without the education many traders lose money on the best trades. Have you ever asked yourself “why others trade money” on that stock but I lost money?
Doji at resistance (SPY) — The dollar (UUP) rises, oil (USO) building support, SPY and IWM trying to push through resistance and the 34-ema. $215.90 and the 50-sma is the next big mountain for the SPY to climb if there is 34-ema success. From early August, the SPY chart has been controlled by the sellers, and the recent bullish activity has not changed very much other than we are seeing a fair amount of bullish charts setting up. The takeaway is the bullish charts while the market is in relief rally mode.
TECH is doing very well and the QQQ’s are rocking (watch AAPL).
YRCW +37.93%
AAOI +83.59%
NVDA +13.86%
WIX +26.94%
I hope you are taking advantage of the trading room and education each and every day!
Click Here to be on the Double-Digit winning team
Rick & Hit and Run Candlestick Team
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
CVI Long |Piercing signal| RBB Pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Here at RWO, HRC, and Trader Vision we work hard to provide the best trading education possible. Without a solid base of trading education, it is nearly impossible to trade profitably.
We share charts that we like and trades we take, without the education many traders lose money on the best trades. Have you ever asked yourself “why others traders made money” on that stock but I lost money?
T-Line™ below the 34-ema (SPY) — $214.50 remains a very important line for the bulls to beat, and the morning futures are suggesting the bulls may rage war on that line today. How the SPY closes today could be very important to the outcome of this and next week’s trading. Above $214.50 are a few obstacles we need to keep an eye on the downtrend line, recently failed highs, the 50 and 34 moving averages and $217.53 the September high.
WNR +23.23%
AVP +7.64%
JWN +31.38%
CZZ +29.57%
Do we have losers? Yes , e do! By having a plan for each trade we limit our losses.
Click Here to be on the Double-Digit winning team
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
