Bullish Piercing Pattern

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Last Updated: September 29, 2016

The word piercing has several varied definitions, but most of them revolve around the same idea: “go into or through something,” “force or cut a way through,” “seeming to cut through one,” “bore a hole or tunnel through,” etc. The Bullish Piercing candlestick pattern is likely named piercing because of the way the white candle’s close cuts through the midpoint of the previous day’s black candle. This two-candle, bullish signal is easy to spot and confirm, so take advantage of it! Scroll down to learn how to identify, interpret, and react to the Bullish Piercing pattern.

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Morning Video 9-29-16 Posted at 8:39 EDT

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Good morning everyone.  The surprise deal announced yesterday from OPEC on cutting oil production really moved the market strongly yesterday afternoon kicking it out of the doldrums if had been for most of the day.  I don’t know about you I was really happy just to see the market go in the same direction for 2-day in the row!  Do we even dare to hope for a third?

At this moment the futures have moved to slightly bearish ahead a bunch of economic news that does have the ability to really move the market.  Let’s all join hands and chant for good reports.  LOL

Today this is again 5 Fed members out flapping their lips keeping the market at the edge of its seat.

Trade Wisely,

Doug

Click Here to Watch the Video

Public Swing Trade Ideas 9-29-16 Posted time: 7:59

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Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
MB Long | Bullish “W” pattern breakout
Double click the trade plan to enlarge

mbGood Morning, Profit Traders,

T-Line™ below the 34-ema (SPY) —  Another up day for the SPY yesterday but still going nowhere.  Price remains under the 50-sma, and $217.40 is the next price resistance for the bulls to work through and the bears to defend.  I am still not very bullish on the SPY or the DIA’s; IWM and QQQ’s look a little better.  I am bullish on a lot of charts.  There are some very nice charts out there ready to produce double-digit gains. (That’s what makes trading fun).
We continue to see profits emerge from the HRC and RWO members, and the trade ideas coming from the trading rooms are fantastic!

Trading education builds confidence – Together they build profits!

Rick & Hit and Run Candlestick Team

Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members

PLEASE READ!
CWEI was a member trade ideas on June 22, 2016 the stock is now up 211%. Not all of our trade are 200% trades but we do get a lot of double digit winners. Tell me why you are not a subscriber to our membership and I will do what I can to fix that!

We offer affordable membership and private coaching. Take the next step Click Here

You’re not a member because you don’t have the time? Work at a full-time job? Keep reading our emails, we will have an answer soon.

These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains.  You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
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Member Swing Trade Ideas 9-29-2016 Posted time: 7:51am EDT

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Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
MB Long | Bullish “W” pattern breakout
Double click the trade plan to enlarge

mbGood Morning, Profit Traders,

T-Line™ below the 34-ema (SPY) —  Another up day for the SPY yesterday but still going nowhere.  Price remains under the 50-sma, and $217.40 is the next price resistance for the bulls to work through and the bears to defend.  I am still not very bullish on the SPY or the DIA’s; IWM and QQQ’s look a little better.  I am bullish on a lot of charts.  There are some very nice charts out there ready to produce double-digit gains. (That’s what makes trading fun).
We continue to see profits emerge from the HRC and RWO members, and the trade ideas coming from the trading rooms are fantastic!

Trading education builds confidence – Together they build profits!

Rick & Hit and Run Candlestick Team

Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
TOO
APA
MB
CZZ
GORO
QUOT
RDUS
CMRX
SEM
MRTX
CLDX

These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains.  You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
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Trade Adjustment CAT 9-28-16 Posted 2:59 EDT

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I’m not sure what got into CAT today but it has really zoom higher in out favor. However we are short the OCT 85 calls and of course, they are being attacked.

I personally plan to continue to hold the short calls until tomorrow to see if the stock pulls back. If it does continue higher tomorrow I would suggest selling it right away. You, of course,could exit the OCT 85 calls at anytime you choose. Without the short calls, the long NOV calls would have a nice 22% overall gain the position so far.

So you decide, get out now or wait until tomorrow to see if the stock pulls back for a better price on the exit.

Trade Wisely,

Doug

Click Here To Watch the Video

Public Swing Trade Ideas 9-28-2016 Publish time 8:09am EDT

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Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
ENDP Long | RBB pattern |  (PBP)Pull back opportunity
Double click the trade plan to enlarge

endp-9-28-2016Good Morning, Profit Traders,
 
T-Line™ below the 34-ema (SPY) —  The sellers remain in control of the chart from the eyes of a swing trader, despite yesterday’s Bullish Engulf.  Candlesticks are only 1 piece of the swing trading puzzle. Trends, support, and resistant are 3 more pieces that are needed and depending on your personal plan there may be more.
Sellers have kept the price under pressure only allowing brief and minor moments of light to peak in, not enough to spark a bull rally that has any meaning. While I am bearish on the SPY I am bullish on many individual stocks.

Members of Hit & Run Candlesticks and Right Way Options have remained profitable by following a plan for each trade and trading the chart in front of us. We remain profitable because of the solid education and confidence.

In the past 90-days, Hit & Run Candlesticks has closed 22 double digit winners, 8 single digit winners.
Right Way Options has produced over a 70% win rate with double and triple digit winners, total success.

Rick & Hit and Run Candlestick Team

Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
This is a list of stocks from our public webinar last night
HALO
CEMP
TTMI
GIMO
PRTA
ENDP
CSC
BDX
FOLD
MRTX
CLDX
BOFI
NVDA
EGRX

These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains.  You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading

Member Swing Trade Ideas 9-28-2016 Publish time 8:08am EDT

by

Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
ENDP Long | RBB pattern |  (PBP)Pull back opportunity
Double click the trade plan to enlarge

endp-9-28-2016Good Morning, Profit Traders,
 
T-Line™ below the 34-ema (SPY) —  The sellers remain in control of the chart from the eyes of a swing trader, despite yesterday’s Bullish Engulf.  Candlesticks are only 1 piece of the swing trading puzzle. Trends, support, and resistant are 3 more pieces that are needed and depending on your personal plan there may be more.
Sellers have kept the price under pressure only allowing brief and minor moments of light to peak in, not enough to spark a bull rally that has any meaning. While I am bearish on the SPY I am bullish on many individual stocks.

Members of Hit & Run Candlesticks and Right Way Options have remained profitable by following a plan for each trade and trading the chart in front of us. We remain profitable because of the solid education and confidence.

In the past 90-days, Hit & Run Candlesticks has closed 22 double digit winners, 8 single digit winners.
Right Way Options has produced over a 70% win rate with double and triple digit winners, total success.

Rick & Hit and Run Candlestick Team

Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
This is a list of stocks from our public webinar last night
HALO
CEMP
TTMI
GIMO
PRTA
ENDP
CSC
BDX
FOLD
MRTX
CLDX
BOFI
NVDA
EGRX

These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains.  You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
Continue Reading