Powel, Friday, weekend. What could go wrong?

Yesterday we sent a text alert for SHAK. So far we are up 10% or $300.00. I will keep you updated if you are in the trading room or if you have subscribed to the free text messaging service. Get for free text alerts

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The Pinball Set-up: Imagine that you are at a pinball machine. You grab the plunger, pullback and the silver pinball falls back against the plunger paddle. Then you let go of the plunger and the silver pinball catapults up and away from the plunger to hit various targets or bumpers. The pulling back on the plunger builds momentum for a brief opposing move. The bumpers are resistance areas as the silver pinball moves higher. Eventually, the pinball loses momentum and falls back. This visual is the basis for the Pinball Set-Up strategy. Click for more Pinball Set-up Information

The market (SPY) has been bouncing between our Dotted Deuce (200-FWL) period moving average and the 50-SMA period moving average. Mr. Powell is set to speak this morning from Jackson Hole. I suspect the information given today will either pop or drop this market. Above the 50-SMA period M/A we should see a challenge of the July highs and below the 200-SMA period M/A I can see a test of $260.00 after a few drops and relief rally pops. This is a market where a trader must be nimble and follow his/ her rules very close. I know we don’t like to take losses but ask your self when is a $100.00 loos the best trade of the day?

The I path Series S&P 500 VXX Short Term Futures ETN closed yesterday with a Bullish Engulf, without bullish follow-through we don’t have much. Over $26.30 would show fear in the market, and we would look at long VXX trade and adding a few shorts to our portfolio.

😊 Have a great trading day – Rick

Check out our newest YouTube videos👈

Trade-Ideas

No trade ideas on Fridays. Enjoy your weekend with pie, good friends and family and a cold one. Trade smart and wait for the QEP→ (QEP) Quality Entry Patterns).

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🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 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.

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.

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

Waiting on News

Yesterday we sent a text alert for those owning ENPH that we were closing ENPH for a 30% profit because of the risk in the market. We felt 30% was a good base hit. Get for free text alerts

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Candlestick Patterns: To amateurs and unaware young traders, the fact that candlesticks play an essential role within the world of swing trading may seem absurd. How could candlesticks and the stock market possibly be related? However, the key lies within the shape of a candlestick, which resembles an ancient and reliable Japanese method of graphing stocks. Known as Japanese candlestick charts, these graphs are reliable and easy to read. They allow traders to visually detect selling pressure and buying pressure by studying informative candlestick patterns. Click for more Candlestick Information

The market (SPY) seems hesitant to go anywhere right now ahead of any news coming out of the Jackson Hole meeting. The SPY closed with yet another Doji very near the top of the current chart pattern. If the bulls run we will what to watch resistance starting at $295.50 to $295.70. A close below $290.85 could lead to a test of the August lows or the on of out 200 period moving averages.

The I path Series S&P 500 VXX Short Term Futures ETN. The VXX closed down on the 50-SMA period moving average. Below $25.30 sets up a lower move for the VXX and above $25.30 sets up a higher step $26.30 or higher.

😊 Have a great trading day – Rick

Check out our newest YouTube videos👈

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. AKAM, NVRO, TRHC, MSI, TSN, TXN, MCD, MSFT, COST, QCOM. Trade smart and wait for the QEP→ (QEP) Quality Entry Patterns). These Trade ideas are not recomendations.

$50.00 discount with code: Privilege

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 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.

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.

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

Candlestick Trading Signals Builds a Path

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Picture a candlestick: the solid body of the candle, the thin wick above, the shadow below, and (of course) the lovely and fragrant ambiance it creates. From this image, swing traders have created a technique known as Japanese candlesticks.

As you might have guessed, this charting method originated in Japan. The body (also called “the real body”) of the metaphorical candle represents the open and close range, and the body is either filled black (for a close under the open) or left hollow and white (for a close over the open). The thin lines protruding from the top and bottom of the body are known as shadows (or sometimes, “wicks” and “tails”). The top shadow represents the session high, and the bottom shadow represents the session low. To continue reading more on Candlestick Signals please click here

After Monday’s Doji at the 34-EMA and near the 50-SMA yesterday the sellers felt they could push the SPY down, and they did, this morning the futures are up, and the buyers are trying to regain the 34-EMA and 50-SMA ( the battle is on) looking at the SPY between the 50-SMA, and the 200-SMA is a slugfest between traders and the buyers and sellers. A breakout in the next few days above the 50-SMA would give us a bullish “W” pattern. A close below the Dotted deuce would be a failed attempt of breaking out of the 50-SMA, and the August lows may get tested. To continue reading more on Candlestick Signals please click here

The I path Series B S&P 500 VXX Short Term Futures ETN.  Closed with a little Doji on the 34-EMA and what seems to be a little support. A close over $27.00 would spice up a VXX trade and cause the market to give way to a few sellers. Continued weakness on the VXX would suggest the Buyers are getting ready to challenge the 50-SMA.

😊 Have a great trading day – Rick

Check out our newest YouTube videos👈

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. GTHX, SHOP, NVRO, TWTR, NWL, TTWO, TSN, TRHC, MCD, STMP, . Trade smart and wait for the QEP→ (QEP) Quality Entry Patterns). We are currently long, CVS, and WDC. These Trtrade ideas are not recomendations.

$50.00 discount with code: Privilege

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 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.

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.

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 Found Resistance With A Doji

FOCUS: Stocks/Options Monday 8/20/19; Although we’ve discussed Dragonfly and Gravestone doji in the past, we never got around to explaining the simplest of all candlestick patterns: the basic doji, sometimes referred to as a “Doji Star.” Resembling a plus sign or a cross, the doji candlestick pattern is formed of just one candlestick, and it is incredibly common. Although there are several different types of doji (such as the Gravestone, the Dragonfly, and the Long-Legged), which we will describe briefly, today we’re focusing on the classic, original doji. To learn how to identify this informative candlestick pattern and interpret its presence, to read more on the Doji Click Here

SMS text alerts and reminders?👈

The SPY gapped yesterday found resistance at the 34-EMA and just under then 50-SMA closing with a Doji very near the bearish downtrend line. A bullish breakout in the next few days would give us a bullish “W” pattern. A close below the Dotted deuce would be a failed attempt of breaking out of the 50-SMA, and the August lows may get tested. We saw a ton of profits pulled out yesterday from the members of Hit and Run Candlesticks, WTG!!!!.

The I path Series B S&P 500 VXX Short Term Futures ETN  saw weakness yesterday closing on the 34-EMA and near the 5-SMA. Pre-market the VXX is up, a run and a close above $26.35 would be trouble for the market, and a race to the $27.45 area would put a great deal of pressure on the market.

😊 Have a great trading day – Rick

Check out our newest YouTube videos👈

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. WDC, AGO, TWTR, AJRD, CVS, KR, AGI, AEM. Trade smart and wait for the QEP→ (QEP) Quality Entry Patterns). We are currently long, CVS, and WDC. These Trtrade ideas are not recomendations.

$50.00 discount with code: Privilege

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 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.

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.

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

Friday’s Morning Star

FOCUS: Stocks/Options Monday 8/16/19,19; If you’ve ever wished upon a star, I hope that that star was a Morning Star candlestick pattern. Unlike the Evening Star, an omen that hints at bad things to come (i.e., low stock prices), the Morning Star is a sign of good fortune. If you spot this bullish reversal signal, which is composed of three candles, you can expect stock prices to increase. Although the bears have been in control, the bulls are ready and able to take over. To learn how to spot the Morning Star signal, how to decipher its characteristics, and how to interpret its meaning, Click to read more

SMS text alerts and reminders?👈

The SPY, DIA, IWM are all set to open higher, follow-through is required for a successful bullish close. Friday’s Bullish morning Star is seeing follow-through at the open this morning also after Thursdays double bottom. The bulls need to challenge and win ($294.10), Above ($294.10) would set up a bullish “W” pattern and likely start a challenge of the August highs. A close below ($282.40) would probably see a June low test.

The VIX-X CBOE Market Volatility Index needs to be below ($21.25) for the SPY or market to rally. Yesterday’s long wick Shooting Star type candle might get us to ($20.00). Overall the VIX charts are bullish, maintain a cautious stance on the market.

😊 Have a great trading day – Rick

Check out our newest YouTube videos👈

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. CBB, STMP, ENPH, COOP, NVCR, CORT, CVS, SHOP, T, SBUX, MCD.Trade smart and wait for the QEP→ (QEP) Quality Entry Patterns). We are currently long, CVS, and SBUX. These Trtrade ideas are not recomendations.

$50.00 discount with code: Privilege

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 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.

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.

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

Doji Close Yesterday

FOCUS: Stocks/Options Friday 8/16/2019; tar light, star bright, first star I see tonight . . . . Unfortunately, this hopeful nursery rhyme doesn’t apply in the world of swing trading, where an Evening Star candlestick pattern indicates that nasty things are on the horizon. When traders spot this pattern, which is a top reversal signal, they know that lower stock prices may soon be on the way. However, the Evening Star candlestick pattern is a tricky pattern to identify, so investors must proceed with caution when they think they’ve sighted it. Scroll down to learn a little more about this hard-to-spot signal. To read more click here

SMS text alerts and reminders?👈

WOW you wake up on a Friday morning, and the DJ-30 is up 250 points, let’s party! Yesterday the SPY closed with a Doji, double bottom and on the Dotted Deuce, remember sustained follow-through is vital for a bullish move to be meaningful. A decisive close over yesterdays Doji ($285.65) could set the stage for a possible Morning Star type reversal. Over ($288.20) could be a set up to challenge the 50-SMA. A positive move today could also be a pure relief rally setting up another big short. Watch for clues and lack of follow-through; we sure will be.

The VIX-X CBOE Market Volatility Index needs to be below ($21.25) for the SPY or market to rally. Yesterday’s long wick Shooting Star type candle might get us to ($20.00). Overall the VIX charts are bullish, maintain a cautious stance on the market.

The VIX-X CBOE Market Volatility Index seems to be a bit nuts, up-down. Follow-through above $22.40 the VIX-X will want to challenge $23.65, below $21.25 a test of $20.00 is likely

😊 Have a great trading day – Rick

Check out our newest YouTube videos👈

Trade-Ideas

Untill this market settles down we will only post trade ideas from the trading room. Trade smart and wait for the QEP (QEP) Quality Entry Patterns). . Chart discussion 9:10 AM Eastern.

$50.00 discount with code: Privilege

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it. 🎯 Dick Carp: the scanner paid for the year with HES-thank you 🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed. 🎯 Bob S: LTA is incredible…. I use it … would not trade without it 🎯 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.

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.

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

Walmart Topped Expectations

FOCUS: Stocks/Options Wednesday 8/15/2019; Walmart may help the market today; Walmart reported earnings that topped expectations and raised its outlook for the full year, building on the momentum in its core U.S. business and investments into grocery. Its shares jumped more than 5% in premarket trading on the news. Walmart is gapping out of a bullish “W” pattern; we will now wait for a swing trade entry over the next few days with an easy direction option trade, Stay tuned and stay connected with us. Check out the Text alert link below.

Yesterday the SPY fell another 2.96% landing on our Dotted Deuce moving average; we still think there is a good chance the 200-SMA will see a test sooner or later, meaning we may see a relief rally of some sort. The first big hurdle I see on the SPY for the Bulls is about the $288.70 area; if the bulls can post a close over the $288.70 line, then they could face the possible challenge the 50-SMA. Anything below $286.50 keeps the 200-SMA on the list.

The VIX-X CBOE Market Volatility Index seems to be a bit nuts, up-down. Follow-through above $22.40 the VIX-X will want to challenge $23.65, below $21.25 a test of $20.00 is likely

😊 Have a great trading day – Rick

Check out our newest YouTube videos👈

$50.00 discount with code: Privilege

❓ Did you receive the 13 short trade ideas I sent out last night via SMS text alert? If not and you have a smartphone use the link 👇 below to register.

SMS text alerts and reminders?👈

Trade-Ideas

Untill this market settles down we will only post trade ideas from the trading room. Trade smart and wait for the QEP (QEP) Quality Entry Patterns). . Chart discussion 9:10 AM Eastern.

🎯Dick Carp: the scanner paid for the year with HES-thank you

🎯Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯Bob S: LTA is incredible…. I use it … would not trade without it

🎯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.

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.

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

Band-aid, or Fix?

FOCUS: Stocks/Options Tuesday 8/14/2019; Trump postponed a few products in the recent round of trade products to help under the Christmas tree, so the question; is this a band-aid of a fix to the market condition? I think is it merely a band-aid. The trade issues and a host of problems are causing stress to the SPY and the US market in general.

Yesterday the SPY closed at $293.75 after touching our resistance line at $293.75. Also long as the price is below the 34-EMA and 50-SMA and Above the 200-SMA I will remain slightly bearish and very casualty bullish with very tight stops. I have adjusted the SPY danger line to $288.00. A close below $288.00 sets up $283.95 which is about 6% off the SPY highs. $293.75 remains the line for the bulls to beat, anything under $293.75 is nothing but trouble.

The VIX-X CBOE Market Volatility Index posted a nasty bearish engulf but will all candlesticks signals confirmation is required. It does not look like there will be follow-through today unless the bull’s step in and take charge. Above $27.55.00 on the VXX chart could put us back into the VXX trade.

Check out our newest YouTube videos👈

❓ Did you receive the 13 short trade ideas I sent out last night via SMS text alert? If not and you have a smartphone use the link 👇 below to register.

SMS text alerts and reminders?👈

😊 Have a great trading day – Rick

Trade-Ideas

For your consideration: Due to tecnical resans will will not havetrade ideas in our blog post, however we will in the pre-market gettogether. Remember to trade your own trade. Trade smart and wait for the QEP (QEP) Quality Entry Patterns). . Chart discussion 9:10 AM Eastern.

$50.00 discount with code: Privilege

🎯Dick Carp: the scanner paid for the year with HES-thank you

🎯Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯Bob S: LTA is incredible…. I use it … would not trade without it

🎯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.

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.

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

More Volatility Likely

FOCUS: Stocks/Options Tuesday 8/13/2019; The recent volatility is likely to continue unless the China trade war can be solved. A few other problems are Iranian aggression, North Koreas missile firing and slowing global growth.

(SPY) Yesterday we closed below our $288.90 line shown to Hit and Run Candlesticks members. With a close below $288.90, I now see a path to $285.10 in the coming days with the possibility of a one or two-day relief rally which would set up a short trade. The loss of $285.10 would set a test up for the August lows ultimately price searching out $279.00 which is the 200-SMA on the daily chart

On the bright side, there is always the unlikely possibility of a bull run, under $273.75 the bulls are underwater with rocks in their pockets. At this time, over $293.75 would put the price back in the bands and bullish pattern position.

The VIX-X CBOE Market Volatility Index popped from Fridays Doji up over 17% closing near resistance. Over $21.85 should challenge the recent highs and below $17.85 would suggest the fear is backing off and the market bulls will try to rally.

Check out our newest YouTube videos👈

❓ Did you receive the 13 short trade ideas I sent out last night via SMS text alert? If not and you have a smartphone use the link 👇 below to register.

SMS text alerts and reminders?👈

😊 Have a great trading day – Rick

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 the QEP (QEP) Quality Entry Patterns). FB, CERN, AWI, GPN, TSS, SMAR. Chart discussion 9:10 AM Eastern.

🎯Dick Carp: the scanner paid for the year with HES-thank you

$50.00 discount with code: Privilege

🎯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.

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.

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

The Bears Live

Market Thoughts Friday 8/12/19, It looks and sounds Mr. Market has had enough of this tariff business and left the lock off the bear cage. Last week the bear chased the SPY back below the 50-SMA. Now for the bull to come back, the SPY will have to find stability above $293.75 then a possible challenge of $296.65. In the meantime, the bear is still running around, if the SPY closes below $288.90 we could drift back to the August lows.

The VIX-X CBOE Market Volatility Index has jumped all the way to $24.81 then pulled back finding a bit of support. Bullish trading above $19.40 would put the VIX’ers in a position to challenge the recent high of near $24.75. On the flip side, trading below $16.60 would test July’s bullish construction.

Check out our newest YouTube videos👈

SMS text alerts and reminders?👈

😊 Have a great trading day – Rick

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 the QEP (QEP) Quality Entry Patterns). TWLO, KMX, AVP, CERN, GPN, TSS, MDB, FB, FSLR, LSCC. Chart discussion 9:10 AM Eastern.

🎯Dick Carp: the scanner paid for the year with HES-thank you

$50.00 discount with code: Privilege

🎯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.

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.

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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