The morning gap up Friday sold off the entire day filling the gap from the day before. Our trade on AAPL was stopped out which is a bummer but with the gap down we are seeing on Monday morning getting out soon may turn out to be a blessing.
The attempted trade on EXPE did not fill on Friday and will not be re-entered on Monday due to the market conditions. For now, it’s important we hold on to our profits from this month and wait for new trades to come to us.
Click Here to see the Trade Sheet on AAPL
Click Here to See the Trade Sheet on EXPE
Good morning. I hope everyone had a restful weekend. The market seems to have woken up today with a bearish attitude. The patterns in the index ETF’s are not positive at the moment with gap down opens that seem to be confirming another lower high on both the SPY and the DIA.
There is a ton of news this week with a bunch of Fed members speaking almost every day. Yellen will be testifying on the Hill this week which will likely the market focusing on what she has to say.
If that were not enough we have the Presidential Debate tonight that has the potential to really kick up volatility depending on the results. Then we have OPEC once again trying to get an agreement to control output production. Both Russia and Iran have both said they will not agree to a slow down.
Buckle up it could be a bumpy week.
Trade Wisely,
Doug
Click Here To Watch the Video
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ENDP Long | Trending
Good Morning, Profit Traders,
Three lower highs, a hint of trouble – Before there were three lower highs, there was two shooting star double tops. The current chart pattern of the SPY is not one that a bull should be happy with. The picture that is being painted is suggesting the bears are outnumbering the bulls. The morning weakness is suggesting there may be a test of September low; a fail at the September low would put the $209.35 as the next major lower target.
The past 30 days Hit and Run Candlesticks (HRC) has closed 7 double digit winners, 5 single digit winners, and 2 losses. So why are you not a member?
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Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
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
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ENDP Long | Trending
Good Morning, Profit Traders,
Three lower highs, a hint of trouble – Before there were three lower highs, there was two shooting star double tops. The current chart pattern of the SPY is not one that a bull should be happy with. The picture that is being painted is suggesting the bears are outnumbering the bulls. The morning weakness is suggesting there may be a test of September low; a fail at the September low would put the $209.35 as the next major lower target.
The past 30 days Hit and Run Candlesticks (HRC) has closed 7 double digit winners, 5 single digit winners, and 2 losses. Did you know we have coaches that can help. Click here to learn more
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
ENDP
ETSY
CEMP
TZA
UVXY
FRGI
GLBL
PRGO
——–Short
ZEN
RSPP
DVN
AG
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
Good morning and Happy Friday everyone. This has been a long week of waiting on the Fed only to have that end with us still stuck in a tight range on the SPY and the DIA. The QQQ is at record highs and the IWM broke it’s last high but again there seems to be a lack of enthusiasm.
We have a bunch of Fed speak today so anything is possible. Make sure you have your stops and targets in place. With all that hot air being spewed who knows what could happen.
Trade Wisely,
Doug
Click Here to Watch the Video
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GLBL Long | Breakout
Double click the trade plan to enlarge
Good Morning, Profit Traders,
After yesterday’s gap, the story was pretty boring. All of the yesterday’s move was in the gap leaving the rest of the day to do whatever you do.
The SPY did close over our $216.80 line, just not as strong as I would have liked. A proper pullback can be very bullish, (we will talk about this in the trading room today, if not proper not so good for the bulls.)
This past week was fantastic for our members, HRC and RWO.
AEGR (RBB Pattern) broke out and ran 52% with the help of a Doji continuation pattern. CRMD (RBB Pattern) jumped the 200-sma for about 60%. PTCT (RBB Pattern) found the T-Line™ and didn’t let go. CLVS (RBB Pattern) after completing the RBB Pattern +45% CLVS jumped the 200-sma for another 73%. CONN (RBB Pattern) and T-Line™ Run 65%
Tell me again why you are not a member?
We offer affordable membership and private coaching. Take the next step Click Here
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
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
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GLBL Long | Breakout
Double click the trade plan to enlarge
Good Morning, Profit Traders,
After yesterday’s gap, the story was pretty boring. All of the yesterday’s move was in the gap leaving the rest of the day to do whatever you do.
The SPY did close over our $216.80 line, just not as strong as I would have liked. A proper pullback can be very bullish, (we will talk about this in the trading room today, if not proper not so good for the bulls.)
This past week was fantastic for our members, HRC and RWO.
AEGR (RBB Pattern) broke out and ran 52% with the help of a Doji continuation pattern. CRMD (RBB Pattern) jumped the 200-sma for about 60%. PTCT (RBB Pattern) found the T-Line™ and didn’t let go. CLVS (RBB Pattern) after completing the RBB Pattern +45% CLVS jumped the 200-sma for another 73%. CONN (RBB Pattern) and T-Line™ Run 65%
Thank you for being a member and making HRC so great!
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
MRTX
NM
GLBL
TWOU
NVGS
PRGO
PZZA
FIT
GKOS
TTMI
NUS
ETSY
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
