Trader Vision Workshop July 14, 2016 Presented by: Ed Carter
Recording Link Click Here
Swing Trade Ideas Friday July 15, 2016 Have a fun safe weekend
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
PAGP | Trending | 200-sma breakout | Doji Continuation
SPY: T-Line™ 34ema bullish trend | Market is getting very overbought
Good Morning, Profit Traders,
Yesterday the SPY closed higher with a gap and a clear Doji and the trading range of the last 14 days has become extremely tight and narrow. The current chart pattern and yesterday’s Doji could lead to nothing more than minor consolidation and more bullishness.
If the Bulls lose 215.40 the bears should be able to pick up 212.40 Which would only be to the 23.6 fib line, a very healthy bullish pullback.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
Trader Vision 2020 Workshop 8pm EST tonight (Users Only)
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
DSX | RBB | Bullish J-Hook Breakout
SPY: T-Line™ 34ema bullish trend | Market is getting very overbought
Good Morning, Profit Traders,
Based on the open it would appear that the near dark cloud cover on IWM might not see weakness as follow through, of course the day is not completely over.
The morning futures seem to be suggesting that the Bulls are not willing to give up the race to the top. If the Bulls were to allow profits to be taken and it looks as if $212.00 down to $211.00 would be all the Bulls might give up.
You might want to draw from the June 24 high to yesterday’s high and then from the June 26 low to yesterday’s low you will see that there is a definite narrowing and tightening of range, this could be a warning sign of minor profit taking/consolidation.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
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Hit and Run Candlesticks Webinar July 12, 2016 Presented by Rick Saddler
Recording Link Click Here
Three Inside Down Candlestick Pattern
Who says three is crowd? With the right candlesticks in the right formation, three candles can signify a reversal in the market. Today we’re exploring the Three Inside Down candlestick pattern, which could also be described as a Bearish Harami with a third candle to confirm the signal’s intimation. Want to learn more about this simple but effective pattern? Scroll down to discover its formation and meaning.
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Swing Trade Ideas Wednesday July 13, 2016 Closed S Yesterday + 14.02%
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
TDOC | Bull Flag | Bullish Harami
SPY: T-Line™ T-Line is in a Bullish position with the 34-ema (profit taking setting up)
Good Morning, Profit Traders,
Another day, another dollar, and the SPY closed higher. There is no question that the SPY has entered overbought territory, and as of yesterday, no sell signal. We all know that price can continue to move higher in overbought conditions as well as move lower in oversold conditions. Being oversold or overbought is not a reason to buy a stock; on the other hand, price confirmation would be. And this is why the Hit-And-Run Candlesticks team is watching price action so closely for hints of: Not if a pullback signal is presented, but when a pullback signal is presented. If the signal happens this week, I would suspect possible support to be around $210.70.
All the best to your trading success!
Rick | Hit and Run Candlestick Team
Trading knowledge ignites successful stock trading.
