Rick’s Featured Trade Ideas

Today’s featured trade idea and my personal trade plan
FRGI | RBB  |PBO – Flag |  T-Line™ Run Trend
SPY:  T-Line™ Chart |  Bullish

Good Morning, Profit Traders,

For the past 16 trading days, the SPY and the T-Line™ have worked together to create a beautiful T-Line™ run, and consolidation started to occur on July 14 with a bearish engulf.  The bulls were able to stop any bearish follow-through and hold their place until the T-Line™ caught up.  The Bulls ended the week on a positive note, closing above $217.00 clearing the way for the next bullish leg getting ready to break out.
If the bulls are able to win the $218.50 flag, $221.60 would be next.

FOMC, Bank of Japan, BOJ and earnings. This is a busy week, could be good, could be bad. Follow the charts, stick with the basics and trade what you’re comfortable with.
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
MWW | RBB  |PBO – Bullish Engulf  |  J-Hook continuation pattern setting up
SPY:  T-Line™ & 34ema 1-hour chart watching closely
Here is what one of our members had to say yesterday:  “Rick, just wanted to say thanks.  This month I have had 3 wins and 3 losses, but the losses were very small and only 1/4 of the wins.  First profits in months.  I listen and note what you say and trade the plan.  Yes, still making some mistakes, but really learning!”
-Mary V.

Good Morning, Profit Traders,

We have looked at $215.35 as support for a few days, and now that the T-Line has caught up, we will be using a combination of $215.35 and the T-Line to determine whether the Bulls or the bears are in charge of the market swing-trade direction.

Yesterday, the SPY closed down .38% forming a possible evening star signal.  On a longer-term chart such as the weekly chart, you can see a possible Doji continuation pattern being built.  Bottom line, we have resistance at about $217.05 and support at $215.35, and until we break out or break down with confirmation, we will continue to trade exactly the way we are, predominantly long and taking profits into strength.

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
LABU | RBB  |Bull Cradle
SPY:  T-Line™ & 34ema bullish trend 

Good Morning, Profit Traders,

It would appear that we’re in for more of this slow grind with very minor dips and very minor pops.  If the Bulls can manage to keep the SPY above $215.35, the Bulls bullish chart and run pattern will stay intact, but below $215.35, we could now see price below the T-Line™.  Price below the T-Line™ could be setting us up for a bullish pullback as long as the pullback stays above  $212.50.

I am starting to see a few intraday signs of laziness in the market.  Let’s not forget, the bearish engulf on July 15 is still intact, and although the close yesterday was higher, it is higher without a great deal of confidence.  If we do start to see weakness, there is an excellent chance we see a retest of the T-Line™.
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
SCTY | RBB  |Inside PBO  |  Bullish Harami | T-Line™ Trend Bullish

SPY:  T-Line™ 34ema bullish trend  | Market is very overbought

Good Morning, Profit Traders,

SPY resistance — $217.01; support — $215.31.
Yesterday, the Bulls were not able to pass through the recent bearish engulf nor was the recent bearish engulf able to push the Bulls down.  The battle will continue to unveil a winner, and when the winner is chosen then the battle will be to confirm success.

Overall, the Bulls continue to control this trend, and even a minor pullback would be a bullish pullback.  Here at Hit-And-Run Candlesticks and Right Way Options, we continue to post bullish trades with positive results.  Here are a few of yesterday’s results:  APPS 12.28%  |  TDOC 9.10%  |  IMMR 8.13%

We continue to search out long and short trades for our subscribers, and we focus on strong chart patterns, price action (candlesticks signals), support and trade resistance, trade planning and common sense.

All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.

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