Trade The Direction Of The Market

Trade The Direction Of The Market

One of our subscribers said in the trading room yesterday “So nice to be trading in the direction the market is moving; There was a time I would hold on to a position for months or years.”

The SPY has lost over 5% in the past nine trading days, failing the 50 Day-SMA and now testing the Dotted Duece FWL200. The SPY is very oversold now, so a bounce is near but I doubt it will help much. I believe the 200 day-SMA will be eventually be tested after some sort of relief rally. I have no doubt the market will turn around but only after a complete reversal pattern has been constructed. There were two traders and a pot of gold, one trader was patient and one not so much. Who do you think won the pot of gold?

Road Trip with A Trend

My Promise To You…. is to teach what works from having 30 years of trading teaching and coaching experience. And, to share with you the knowledge and tools you need to trade continuation patterns with ease and resulting profits!

 

Rpoad Trip With Continuation PatternsKnowledge Wins - Click Here

The 15% Bonus Discount Will End Soon

Fact! All profitable swing trades come from some continuation pattern.

Benefits of Using Continuation Patterns

  • Number 1 reason... easy to profit from the patterns
  • Easy to train your eyes for spotting the patterns
  • Easy to scan for the patterns
  • Easy to enter the pattern
  • Easy to set protective stops
  • Easy to trade the pattern
  • Trade time ranges from overnight to about 20 days

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

*************************************************************************************

 

TDOC • Daily Chart • Bullish J-Hook

TDOC • Daily Chart • Bullish J-Hook

TDOC and the Daily chart is forming a Bullish J-Hook continuation pattern with a 2-day chart Bullish Morning Star. Lets back up, and look at the weekly chart. The past seven months the chart has floated sideways (consolidation) and formed a Bullish Morning Star with a mini Inverse Head and Shoulder off the (50-SMA weekly) back to the daily chart- Price broke out and tested, rallied to now form a Bullish J-Hook.

We will discuss the trade in detail in our Members Morning Prep starting at 8:45 AM Est. With Steve Risner and Rick Saddler at 9:10 am this morning. members morning briefing

Recently closed

VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% QQQ 28% QQQ 179% • TWTR 180% VXX 375% VIPS 118% WTW 21.9%

 

For more benefits Click Here

Event Calendar

SPY and Price Action

Mr. Powell has spoken, and the SPY closed above the most recent low ($268.62) yesterday. We wake up to see lower premarket trying to test the resent low ($268.62). The decision Bulls need to make today will be to let go and allow the bears to take us to $264.80 or fight for the 50-SMA.

The VXX short-term futures

Keep an eye on the VXX; it can give clues to the amount of fear or lack of fear in the market. The VXX chart closed yesterday with minimal fear, but the pattern is dangerously poised like a snake waiting to strike.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

Focus Trading Education

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning, Fibonacci, Stoch/RSI

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

 

To learn more about our trading tools join us in the trading room or consider Private Coaching.

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

*************************************************************************************

 

Doji Sammich In A Rounded Bottom Breakout

 Doji Sammich In A Rounded Bottom Breakout

WIN has presented us with a Doji Sammich in a Rounded Bottom Breakout Pattern. The T-Line and the 20-SMA have also started to rise. Recently WIN has been in a downtrend and back in February WIN planted its feet with a double bottom. We are looking for an about 20% trade with the normal bumps and hurdles.

The big game changer FOMC today. Let’s trade wise and profitable while preserving our capital.

We will discuss the trade in detail in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing

Recently closed

VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% QQQ 28% QQQ 179% • TWTR 180% VXX 375% VIPS 118% WTW 21.9% •

SPY and Price Action

Yesterday was a Doji close above the previous days low of $268.62 and the higher high / higher low chart pattern is still working. Today is all about the FOMC and how the market reacts. Below $264.50 would likely create a bigger bear, above $273.50 the bull has a chance to do its job. Stay back from the edge.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

The VXX short-term futures

Keep an eye on the VXX; it can give clues to the amount of fear in the market.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

To learn more about our trading tools join us in the trading room or consider Private Coaching.

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

*************************************************************************************

 

Bullish Piercing Candle (RBB)

Bullish Piercing Candle (RBB)

CYTK has printed a Bullish Piercing Candle in an (RBB) chart pattern catches my eye. Ater a closer look I can see a recent 9 bar run followed by a PBO and a Doji Continuation pattern setting up. A double bottom is being put in, and a Bullish “W” pattern is possible in a few days. A Bullish trade over $9.00 with (RBB) rules. The big game changer FOMC starts today. Let’s trade wise and profitable while preserving our capital.

We will discuss the trade in detail in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing

Recently closed

VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% QQQ 28% QQQ 179% • TWTR 180% VXX 375% VIPS 118% WTW 21.9% •

 

Road Trip with Continuation PatternsRead More About It

 

Event Calendar

SPY and Price Action

Yesterday the SPY dropped to our lower support line, now that the SPY chart has created two higher highs and two higher lows and the wedge is getting smaller I suspect resolution is near. Would resolution do we hold this line and rally to breakout or do we lose the line and head for the 200-SMA? FOMC will likely be a price mover this time, trade wise.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

The VXX short-term futures

The VXX printed a bullish candle yesterday that created a Bull kicker Morning Star pattern. Over $43.90 would indicate fear of the bear.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

To learn more about our trading tools join us in the trading room or consider Private Coaching.

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

*************************************************************************************

 

Weekly Bull Kicker On Volume

Weekly Bull Kicker On Volume

Looking at the chart on AQMS I see a weekly Bull Kicker on volume that has seen a little profit taking and now forming a continuation pattern. Let’s look at the daily chart now; price has chopped around above a rising 50 day-SMA in an (RBB) Rounded Bottom Breakout pattern. Friday left up with a Bullish Morning Star with both of the deuce magnets above. A three-day chart offers a nice Morning Star that will use as support. The big game changer this week will be the FOMC meeting report. Let’s trade wise and profitable while preserving our capital.

We will discuss the trade in detail in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing

Recently closed

VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% QQQ 28% QQQ 179% • TWTR 180% VXX 375% VIPS 118% WTW 21.9% • Education and practicing what you learn is one of the keys to success. Take a Road Trip and Learn

Event Calendar 

SPY Update

The SPY produced four lower loss last week closing under the T-Line and the 50-SMA. Price did close above the lower bullish trend line keeping price contained in the wedge it has been building. Not that there is any guarantee but the price has been following the path of the tops and bottoms wedge. (February to now) Chop Chop Chop until we see a breakout or a breakdown. I will remain cautiously bullish until the chart turn bearish below the current chart pattern.5

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

The VXX short-term futures

The VXX could be a big clue; there was no real fear last week. However, price does seem to have found a little support. Premarket today is showing a little activity. The hourly chart is looking at $43.50

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

To learn more about our trading tools join us in the trading room or consider Private Coaching.

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

*************************************************************************************

 

Stay Off The Thin Ice

Stay Off The Thin Ice

Trading this market right now reminds me something my grandfather used to tell me…”Stay Off The Thin Ice”. The SPY closed on the 50-day SMA with the T-Line above itself the past 20+ days, it is very important for the bulls to maintain support above the 50day SMA. If not the next landing could be hard. The DIA’s closed yesterday with a Doji on a little support. The DIA’s are in bad shape below the 50-day SMA, the weight of the bear could be too much at this point, and a retest of the February lows may be required. If the bulls can pop the DIA’s over the 50-day SMA, it would allow the room to challenge the January highs. The market is between a rock and a hard spot, trade very carefully. Capital preservation should be at the top of your list right now.

We will discuss the trade in detail with a trading plan in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing

Recently closed

VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% QQQ 28% QQQ 179% • TWTR 180% VXX 375% VIPS 118% WTW 21.9% 

Event Calendar

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

The VXX short-term futures

The VXX showed no real fear yesterday and closed below the T-Line if the VXX gets above $48.40 we are likely to see a bloodbath. Stay off the thin ice.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

To learn more about our trading tools join us in the trading room or consider Private Coaching.

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

*************************************************************************************

 

3-Day Doji Continuation Pattern

3-Day Doji Continuation Pattern

https://hitandruncandlesticks.com/events/MLNX has broken out of a recent consolidation base and followed through with a low/high, higher/low pattern. For the last nine bars price has run the T-Line and on the 3-Day chart, we have a  bullish Doji Continuation pattern set up. Profit zones $85.00 ish then the $100.00 area with positive price action. Plan your trade and trade your plan.

We will discuss the trade in detail in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing

 

Recently closed

VXX 6% CAT 39% • TWTR 50%FEYE 28%OCN 39%TWTR 54% QQQ 28% QQQ 179% TWTR 180% VXX 375% VIPS 118% WTW 21.9% • Actual confirmed trades, putting my money where my mouth is.

Read the Chart

The SPY has pulled back to the 50-SMA and support, which means nothing unless there is bullish price action with following through. The T-Line is still above itself for the past 20 days, but the 34-SMA is below the 50-SMA.

DIA’s are still below the 50-SMA and trapped inside the chart pattern. The 34-SMA is below the 50-SMA, and the T-Line is below the 34-EMA…Somebody needs to wake the bulls up.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

The VXX short-term futures

VXX closed back above the 200-SMA, it’s trying

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

To learn more about our trading tools join us in the trading room or consider Private Coaching.

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

*************************************************************************************

 

CREE Pop Out Of the Box Pattern

CREE Pop Out Of the Box Pattern

CREE broke out and is currently set up with a Pop Out OF the Box Pattern. CREE dropped below the 5-SMA earlier this year and recently put together a bullish run to close back above the 50-SMA, pulled back for a test, then exploded. The current consolidation (Box) could be a buying opportunity. The weekly chart printed a killer Bullish Morning Star Signal a few bars ago.

We will discuss the trade in detail with a trading plan in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing

Recently closed

WTW 21.9%VIPS 118% VXX 375%TWTR 180% • QQQ 179% • QQQ 28%TWTR 54%OCN 39% • FEYE 28% • TWTR 50%

Event Calendar Stay Informed

SPY Up-Date

Yesterday the sellers in the SPY put together a Bearish Evening Star after peaking into the resistance box. The question today will be whether or not there is bearish follow through to the 5-SMA or a bullish turnaround. Note the current trend is still bullish starting from the February lows. The DIA’s did not play very well yesterday closing below the 50-SMA and the downtrend line.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

The VXX short-term futures

VXX is currently trying to build a support base around the $38.25 area

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

To learn more about our trading tools join us in the trading room or consider Private Coaching. Rick will help coach you to trading success.

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

*************************************************************************************

 

T-Line PBO Bullish Engulf

T-Line PBO Bullish Engulf

EVH ended yesterday with a Bullish Engulf on the T-Line and is in our Rounded Bottom Breakout Pattern. After the bullish engulf price had bullish follow through. After running into sellers about $16.50 price pulled back creating a PBO set up. If we decide to trade EVH, we will use our RBB rules. With the help of Fibonacci Lines, I will be setting up my plan for about a 20% trade.

We will discuss the trade details with our trade plan in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing

Recently Closed Trades

WTW 21.9%VIPS 118%VXX 375%TWTR 180%QQQ 179%QQQ 28%TWTR 54%OCN 39%FEYE 28% • TWTR 50%

Education is the Key To SuccessClick Me

Event Calendar Stay Informed

SPY Up-Date

Today will be the 6th day of a Bullish T-Line Run as the SPY shows it’s strength after a pattern breakout. Yesterday's close is what we call a Doji continuation pattern which should lead us to $281.55. When looking at your SPY chart take a look at the weekly, you can see how price has formed a bullish engulf and how the 34-EMA has started to tend again. A close below $277.90 would likely lead to a test of the 50-SMA.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

The VXX short-term futures

VXX took a nose dive and looks to be headed to the 50-SMA for now (no change form yesterdays comment)

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

To learn more about our trading tools join us in the trading room or consider Private Coaching

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

*************************************************************************************

 

Bullish Trend Since Later December

Bullish Trend Since Later December

CVEO has a bullish trend since late December while constructing a good bottom. The trending construction on the weekly chart has put together clues like a Bullish “W” pattern, Bullish Cradle pattern, and a Bullish Inverted Head and shoulder. Recently the Bullish Engulf Double Bottom found and created support.

We do not and have never recommended a stock to trade. We post trade ideas that we have on our watchlist. We may or may not trade them. Not all trade ideas are traded and not all trade ideas work in our favor. Proper trading education is a must without it the probability of success is zip.

We will discuss the trade details with our trade plan in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing

Recently closed

WTW 21.9%VIPS 118%VXX 375%TWTR 180%QQQ 179%QQQ 28%TWTR 54%OCN 39%FEYE 28%TWTR 50%

Get In On IT!Click Here • Learn More

 

Event Calendar Stay Informed

SPY Up-Date

The SPY finished the week in a great Bullish position now that price as broke out to the bullish side of the triangle chart pattern. The line the bulls need to defend is $273.00 if this can happen there is a very good probability of challenging the January high. The weekly chart is supporting a Bullish Engulf, remembers followthrough the key and followthrough is not required right away.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

The VXX short-term futures

VXX took a nose dive and looks to be headed to the 50-SMA for now

Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day TrialMonthlyQuarterlySemi-AnnualAnnual

To learn more about our trading tools join us in the trading room or consider Private Coaching. Rick will help coach you to trading success.

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

*************************************************************************************