Bullish Piercing Candle

MSFT is gapping on earnings! Yesterday July 18, we closed VXX for a small loss and made no other trades. Due to market chop and condition. BABA is still set up in the Bands, over $178.10 we would look for a challenge of $184. Still holding F and will add over $10.30 (earnings on Wednesday). CPB is acting well pattern breakout and riding the trend. A close below the Red T-Band and I will close QCOM. We have added a couple of new scans to the scanner and will hold a clinic this Friday at 2: pm in room #3.

Save $50.00 with Promo Code: 👉 Privilege 👈

👉 Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime. To learn more about us or join in the live trading room consider an HRC membership or trial

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.  

Pre-Market Thoughts

The SPY made four lower lows then yesterday on a FED comment the bulls stepped in. The SPY closed with a Bullish Piercing Candle from the $296. Key support line. Like all Candlesticks signals, confirmation is required, for yesterday’s rally to be confirmed we need to see positive trading above $298.90. With minimal overhead resistance, a Bullish J-Hook continuation pattern is setting up. At one point yesterday it looked as if the VXX chart was going to make a run for it, then pulled back closing with a Doji. The VXX is still trending down. A close above $24. Could rally a few more points. Stay safe and cautious with this market.

😊 Have a great trading day – Rick

🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Trade-Ideas

It’s Friday, no trade Ideas today. Trade smart and wait for for the QEP (QEP) Quality Entry Patterns). Check Earnings!

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

We use the Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Scanning Clinic Friday 2 pm

NFLX down big could shake the tree a little, more big earnings today and tomorrow. Yesterday near the close we bought VXX calls and earlier in the day we bought BABA calls. F is resting and consolidating in tier 1 of the T-Bands. CPB was broke out of the wedge and holding well. QCOM gapped yesterday kudos to those that took profits near the highs. Looks like QCOM needed to test the recent pivot. We have added a couple of new scans to the scanner and will hold a clinic this Friday at 2: pm in room #3.

👉 Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime. To learn more about us or join in the live trading room consider an HRC membership or trial

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.  

Save $50.00 with Promo Code: 👉 Privilege 👈

Pre-Market Thoughts

NFLX OUCH! And there are a few other big names today and tomorrow, grab ahold of something and hang on. Seriously if think trading around earnings date the simple answer is don’t take, cash is a position. The SPY has bee forming a Megaphone top for about the last 1-1/2 years, and the recent top is the 3rd time touch. Yesterday proved to be another lower low and lower high. $295.65, $293.75, $291.15 followed by the 50-SMA are four possible targets and bounce points on the SPY. A few scans we like to use is the Blue Ice Failure, Rounded Top breakdown, and  Bear Trap Scans. The VXX chart shows a little spunk the last two days with a Doji and a Bullish Engulf. If the VXX can show positive price action over the T-Line, we could be in for a bit of a market pullback. Trade with extra caution and wise.

😊 Have a great trading day – Rick

🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Trade-Ideas

FFor your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for for the QEP (QEP) Quality Entry Patterns). All short trades today, AAXN, BOLD, FRPT, TSN, PAYX, CCEP, PLNT TGNA, ZYNE. Check Earnings!

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

We use the Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Master The Trade

Yesterday we closed WBA with a whopping 4.3% profit, hey it was a profit! Really I didn’t like the risk the Price Action (Candlesticks) that’s been presented in the last three days. I still like the chart and the potential of WBA, so we are keeping it on the watch-list for another day. Our BABA gapped and held yesterday closing up 4.43% on the stock; we are currently up 35.2% on our option trade. We also bought CPB yesterday because of the price action (Candlesticks) tight into the bullish wedge. X is finally starting to show a little life with price action back into the T-Bands, A breakout of $14.60 is needed for this thing to go higher.

👉 Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime. To learn more about us or join in the live trading room consider an HRC membership or trial

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.  

Save $50.00 with Promo Code: 👉 Privilege 👈

Pre-Market Thoughts

Earnings, earnings, earnings always are checking the dates.  Earnings can be stressful to trade through; I guess that’s why I don’t do it very much. Cautious and defensive will help this the stress and risk. So the SPY closed below our wedge show in in the trading room as well as closed below the upper green T-Line Band with a Profit Taking Evening Star candle pattern. Weakness below yesterday’s low will set us up for the $296 area which could lead to the $293 area. The VXX chart closed with a Doji Hammer for the last two days; I think the VIX is getting a bit frustrated and may soon stretch a little. Above the T-Line the VXX chart could get interesting for a relief rally.

😊 Have a great trading day – Rick

🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for for the QEP (QEP) Quality Entry Patterns). WHR, ALK, SEE, URI, MMM, PHM LEG, JPM, NVDA, TRV short, TSN short. Check Earnings!

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

We use The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Pinball Strategy Topic

✅ Member e-Learning tonight Tuesday, July 16, 2017, Trading Room #1. Tonight’s topic will the Pinball strategy. The Pinball strategy is what started me on the path to trading success.

Yesterday we closed WBA with a whopping 4.3% profit, hey it was a profit! Really I didn’t like the risk the Price Action (Candlesticks) that’s been presented in the last three days. I still like the chart and the potential of WBA, so we are keeping it on the watch-list for another day. Our BABA gapped and held yesterday closing up 4.43% on the stock; we are currently up 35.2% on our option trade. We also bought CPB yesterday because of the price action (Candlesticks) tight into the bullish wedge. X is finally starting to show a little life with price action back into the T-Bands, A breakout of $14.60 is needed for this thing to go higher.

👉 Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime. To learn more about us or join in the live trading room consider an HRC membership or trial

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.  

Save $50.00 with Promo Code: 👉 Privilege 👈

Pre-Market Thoughts

Big earnings today, JPM, JNJ, WFC, GS, PLD, CP, FRC, DPZ, CBSH, SNV, FHN, MBWN. I do think the market is waiting for a few earnings reports to get out before making a big change up to or down. Measuring from the June 20 high to today and from the June 26 low to today I can see the wedge is running out of steam. What this means is the market needs a rest or a catalyst to push higher. Although yesterday’s close in the SPY did not reveal any big bears are lurking around, I plan to be very cautious the next few days. The VIX was unimpressive yesterday, no big sellers or buyers. Just a heads up the CBOE Market Volatility Index is working on a double bottom. A double bottom is a condition, not a reason.

😊 Have a great trading day – Rick

🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for for the QEP (QEP) Quality Entry Patterns). WYNN, TXN, XLNX, AAPL, TRV, AABA, HPQ, TTWO, INTC, NWSA. Check Earnings!

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

We use The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Bank Earnings Start The Party

Today is the official day of earnings with C kicking the party off. C to report pre-market Remember to check your earnings date before stepping into a trade. QCOM is sitting on a trend link, let’s see if the buyers like it enough to buy and push it higher. BABA is trying to find support near the Dotted Deuce and the 200-SMA. WBA is testing the most recent breakout line $55.25. Still holding my X with a double bottom and price trying to fight it’s way back into the T-Bands. Back on June 24th, we posted OSTK as a trade idea, Friday OSTK was up 64%. OSTK is a perfect example of price action and T-Bands.

👉 Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime. To learn more about us or join in the live trading room consider an HRC membership or trial

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.  

Save $50.00 with Promo Code: 👉 Privilege 👈

Pre-Market Thoughts

The SPY continues to show signs of bullishness at least on Fridays close. Friday the SPY gapped higher and closed 1.34% up. If you look at the 15-min chart, you can see the gap and how the Price Action consolidated in Tier 1 of the T-Band before making a move with a breakout near the end of the day. The VIX is still trending down below the T-Line, and the T-Line is below the 34-ema, the point is there is not any fear in this market, at least as of Friday. Two charts I actively watch is the FNGU and the VXX charts, both mostly on the 15-Min time frame using only the Dotted Deuce and the 200-SMA moving averages on the charts. Note the VXX

😊 Have a great trading day – Rick

🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for for the QEP (QEP) Quality Entry Patterns). SMAR, ARLO, OPK, KTOS, CPB, NVCR, MLHR, COUP, JEF. Check Earnings!

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

We use The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

SPY, DIA’s Record Highs

SPY and the DIA’s are headed into record territory partly because of the purposed rate cut, and right now there are more buyers than sellers. Closed a few trades yesterday, PFE for a loss on the gap down below the T-Bands and trend line, AMD for a 23% profit. BABA has struggled the last 2-days, and it’s on a short leash now. INTC is trying to challenge the 200-SMA and our green upper T-Line. The price action of WBA brought in a few sellers while the price held above the T-Line, keeping stops in place. Again I what to congratulate the great profits pulled out of the market yesterday by the HRC subscribers.

👉 Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime. To learn more about us or join in the live trading room consider an HRC membership or trial

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.  

Pre-Market Thoughts

The big winner yesterday was the DIA’s with a gap and ran into the close and the 10-day J-Hook continuation pattern breakout. Of course, now follow-through is needed. The SPY is flirting with the $300.00 line while testing it pre-market. Using the T-Line and the T-Bands, the SPY trend is still bullish, and as of yesterday, the price action is while timid shows no hardcore selling. Right now, there are more buyers than sellers, watch price action (Candlesticks), and the trend for signs of sellers outnumbering the buyers. At one point yesterday the VXX chart started to make a move but fell short without follow-through. Still no fear in this market.

😊 Have a great trading day – Rick

🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Trade-Ideas

It’s Friday no trade ideas today: Fridays are a good day to clean up your balance sheet. Takes a few profits and clean out the deadwood. Trade smart and wait for for the QEP (QEP) Quality Entry Patterns). Check Earnings!

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

We use The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Closed SNAP 23.62%

Closed SNAP for a 23.62 profit today, a good base hit. Ever wonder if Hit and Run Candlesticks members make money? Check out the trading room post from today. July 11, 2019

✅ (09:31 am) Bill M.: Out CVS for 78%

✅ (09:32 am) moto c: out CVS 69 %

✅ (09:36 am) Aaron  B: out FB +35%

✅ (09:40 am) Mike N: In the “even a blind squirrel finds a nut once in a while”, I sold my CI call this morning for a 110% profit.

✅ (09:43 am) Aaron  B: Out DIS +32%

✅ (09:52 am) Aaron  B: Out COST 34%

✅ (09:54 am) Victoria E.: Was long AMD,  not in the room yesterday, but saw in the blog your note on price action, sold before it turned down this AM for almost 8%, thanks, Rick!

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.  

😊 Have a great trading day – Rick

🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

We use The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

AMD Risk vs. Reward

No trades were taken yesterday, July 10, 2010. But we did close AMD for a 21% profit, after being up four days and approaching resistance we felt the risk was a bit high. We will take a 21% base hit all day long. BABA felt some profit taking yesterday, still above our stop. INTC closed above the mid-T-Line Band and + 10.6%. PFE closed back above the mid-T-Line Band with a Morning Star type pattern. SNAP closed with another Doji, still waiting for a breakout. WBA riding the upper T-Line Band looks up pre-market.

👉 Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime. To learn more about us or join in the live trading room consider an HRC membership or trial

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.  

Pre-Market Thoughts

For those using the Live Trading Alerts Scanner, the Bull J-Hook scans and the Bull Trap scans are really producing right now.

The SPY gapped up yesterday and held, closing with a Doji between the upper green T-Line Band and the Blue T-Line Band. Price action and the trend are still pointing to bullishness; The market seems to be ok with the FEDS attitude on rates. The past nine candles in the SPY is trying to paint a J-hook continuation picture, a breakout and test would go a long way in justifying a bullish swing over $300.00.

The CBOE Market Volatility Index VIX-X did not have a lick of fear in it as of the close yesterday. Keep in mind that can change with a blink of an eye. The VIX-X closed down another 7.21%, below all T-Line Bands and the Bands are still trending down.

😊 Have a great trading day – Rick

🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for for the QEP (QEP) Quality Entry Patterns). SBGI, WW, DPLO, PEP, NVCR, STZ, DIS, CTL, SQ. Check Earnings!

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

We use The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

BABA and INTC

Life is Simple Just Add Water. Yesterday 7/9/2019 we bought BABA near the lower red T-Line support band and ended the day up 3.3%, a few more buyers and follow-through would make chicken and gravy. We also bought INTC yesterday 7/9/2019 near the lower red T-Line support band, up for the day 2.6%, let the games begin. AMD up 13.9% is working hard to challenge the June 10, candle. SNAP up 18.1%, holding in the T-Bands with a Doji close yesterday. WBA is walking up the Green T-Band looking for a breakout.

👉 Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime. To learn more about us or join in on the live trading room consider an HRC membership or trial

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.  

Pre-Market Thoughts

After papping down, the SPY closed up 0.37 still floating in the T-Bands and the T-Bands are still trending up. Yesterday candle closed over the previous candle putting a bullish spin on the chart pattern. Now If only the market likes what the FED has to say we could see the $300.00 number tagged and a J-Hook Continuation pattern drawn. Below the Blue band, the Red lower band will be the target ($293.00ish) The VXX chart is trying to hold a bottom but shows no fear at all. If fear kicks in we should see the VXX chart move above $25.10. We are still prepared for chop today while managing our positions.

😊 Have a great trading day – Rick

The LTA Alert Scanner and TC2000 are my tools of choice WHY? Because they work!.

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for for the QEP (QEP) Quality Entry Patterns). OPK, BIIB, BSX, V, MA, BX, KTOS, ARLO, IOVA, AIG. Check Earnings!

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

✅ A Traders Edge In All Markets

The LTA Scanner can filter out charts that are trending, up or down and alert on charts that have Candlestick signals and patterns, western patterns and when indicators, such as MACD, Stochastics, RSI or Bollinger Bands have crossed or reaches the desired level. 😎 One of my favorites is the T-Line Band Scan. The right tools for the job.

We use The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Chop For A Couple Days?

Picked up a little AMD yesterday; AMD alerted from the LTA Scanner Friday with a Bullish Engulf T-Band Breakout and yesterday demonstrated follow-through. We also picked up WBA yesterday with the (RBB) strategy; price is riding the green T-Band line and a Pop Out of The Box Breakout pattern. TGT is still trapped in the Bands now challenging the Green line for a breakout. SNAP holding above price support with a Doji yesterday; follow-through could kick price above the green line for a nice profit.

Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime.

Pre-Market Thoughts

The SPY closed down a Buck .64 yesterday with a Doji between the green and blue T-Band lines. A close today below the blue mid-Line will put the lower red line in the crosshairs. Price above the lower red line keeps the buyers fairly happy, a close below the lower red line will cause some bull discomfort, and the VXX will become active. The 60-Min chart is suggesting $293.05 could be tested before the days end. I suspect the SPY is reluctant to charge upward until it hears what J. Powell has to say about future rate cuts and timing. We are prepared for a choppy couple of days (are you?) The VXX chart has had very little interest by buyer. However, a close above $25.10 will put the VXX chart in the conversation.

😊 Have a great trading day – Rick

The LTA Alert Scanner and TC2000 are my tools of choice WHY? Because they work!.

Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.  

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for for the QEP (QEP) Quality Entry Patterns). WW, ROKU, STZ, SMAR, DLTR, XLNX, PCG, FSLR, AXSM

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

✅ A Traders Edge In All Markets

The LTA Scanner can filter out charts that are trending, up or down and alert on charts that have Candlestick signals and patterns, western patterns and when indicators, such as MACD, Stochastics, RSI or Bollinger Bands have crossed or reaches the desired level. 😎 One of my favorites is the T-Line Band Scan. The right tools for the job.

We use The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

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