Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
LC | RBB
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator
The Bullish Trading Trend continues with price closing over the T-Line™, even while we are below $218.76. Of course, a breakout is needed to keep the bull alive. If price were to close below $216.75, I would have a little concern about the Bullish Trading Trend. Both the 2-hour and the 4-hour charts still show the bull is in charge. Two concerning factors are the weakening market participation and volume. (Welcome to August)
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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Last Updated: August 9, 2016
A huge news story can act as a “kick in the butt” for investors. Whether the event involves a change in company management, hype surrounding the announcement of a new product or service, or a worldwide news story, the resulting change in investor sentiment can cause prices to fly up or jump down. In some of these instances, a Bearish Kicker candlestick pattern will occur. This two-candle signal announces that investors have changed their minds about a stock, causing it to gap down and then continue falling in price. It is a very influential and powerful signal, so you would do well to heed its warning! But first, you will need to learn how to identify it, understand it, and interpret its formation . . .
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
SM | 2 bar PBO | J-Hook breakout | Bullish Engulf
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator
The bulls/buyers still control the market allowing bullish pullback that for now can be bought when signs of buying come back in. Important support areas for the short term are $217.45-ish and $216.75-ish. If these areas are tested, they could be good buying areas with the right positive candle pattern. Short-term target for the SPY is $219.55.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
FRAN | PBO| RBB | Scoop
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator
After a pull back to the 20-sma last week, the bulls found support at $215.40 then shot past the $217.25 resistance line closing at $218.18, up $1.77.
Unless the bears step in hard, we are looking for the SPY to challenge $220.60. The 3-day chart on the SPY is presenting a T-Line™ Bullish Engulf PBO. The trend is always our friend, and pullbacks within a trend are good for the pocketbook. DIA, IWM, QQQ are also showing signs of bullishness.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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