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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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
No featured trade idea today
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator
It’s all about the jobs report and how it is perceived. Yesterday, the SPY closed over the T-Line™ with a long lower wick suggesting the bulls may have decided to stop and take advantage of the bullish pullback. Below $215.25, the bulls lost interest and above $217.25 the Bears are in trouble. To really get this market moving, the DIA’s will have to close above $184.85.
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
ALJ | RBB| Bullish Engulf | PBO bullish J-Hook
Good Morning, Profit Traders,
The T-Line™ is a powerful timing indicator
On the daily chart the SPY formed a Bullish Harami above yesterday’s low unfortunately it did not close back above the T-Line™ as always candlestick signals must confirm but then again that’s true with price in general not just Candlesticks. If you look at yesterday’s Harami on an intraday chart (I am looking at a 1-hour and 2-hour chart) you can see a bear flag forming, this is why you need confirmation on the daily chart.
Be aware of QE from the Bank of England today and job numbers tomorrow, we should be prepared for anything in the market. Keep the watch lists for both long and short updated and handy.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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