PBO Flag Found A New Friend
CYCC – The Rounded Bottom and the PBO Flag found a new friend, “the Morning Star.” Excellent support with price, the big three moving averages and price support. A little volume kicked in Friday, and after $2.25 there’s a nice little gap that could reward in a good way.
Good Trading – Hit and Run Candlesticks
► Must Read Trade Update (NTNX)
On October 16 we shared and covered in detail the technical properties of NTNX in the Trading Room, Friday the profits were about 35.5% or $945.00, with 100 shares. NTNX has been a T-Line run and continued to make higher highs and higher lows.
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► Eyes On The Market
Can you believe this marker? I saw the DOW up over 200 points. At the close Friday the Bulls had come back strong, and with the TAX Bill this weekend the Bulls must be throwing a party. Today and this week it will be more important than ever to keep an eye on price. We don’t want the price to sneak across some line we don’t want it to. The trend is you, friend; friends do turn on each other on the playground.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Learn how and what we trade: The T-Line • T-Line Bands • Support • Resistance • Patterns • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops
Investing and Trading involves 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.
Charts Have Been Mean And Green
Wow, what a great week this has been, the charts have been mean and GREEN, and we love GREEN. Hey, thanks to all the members for posting and sharing the great charts. I see the morning futures are a looking a bit weak this morning, let’s keep our eye on the ball and the trend, using a couple of support and resistant lines can make all the difference in the world.
The DC politics is something I dislike, but we have to keep our eyes and ears open on whats going on and trade the charts based on the charts, not hopes and dreams.
►NewsFrom Our Team
Trader Vission 2020.2 is nearly ready to be launched; the testers have been testing it for about two months now. We are extremely confident that Trader Vission is a must-have tool for the trader that wants the next level of success.
How to save your membership cost – This project will be ready before Christmass, and one of the benefits is it will pay for all your membership cost or at least the largest portion. It is very important to the HRC/RWO team that you receive quality at the very best possible price.
►Sample • Members Recent Big Winners
EGLT 16.8% • WIN 28.9% • HOV 24.45% • ZUMZ 30% • URBN 21.20% • ARNA 21.5
► Eyes On The Market
In the past 11 bars, the SPY has gone from below the Lower T-Line and with a Bullish Morning Star price ran nearly 3.8%. All of our moving trend lines are still bullish. Price has gotten a bit overzealous and extended. I believe we are very close to seeing a little correction or at least price needs to be taken down a notch or two.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involves 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.
Gap Back In October and Consolidated
RIGL – Gapped back in October and had consolidated for the past two months. The 34-EMA has caught up with the price. A few days ago price popped and is now seeing a little profit taking. The weekly chart shows good strong support and a Bullish Morning Star signal. You can also see the Bullish “W” pattern. I see a leg or 2 putting price around $7.00 with plenty of swing zones in between.
Good Trading – Hit and Run Candlesticks
► Must Read • Trade Update (VIAB)
On November 20 we shared and covered in detail the technical properties of VIAB in the Trading Room, Yesterday the profits were about 8.7% or $227.00, with 100 shares. VIAB broke of a Bullish J-Hook continuation pattern within a Rounded Bottom Breakout setup.
► Eyes On The Market
I had a few concerns going into the close yesterday with the QQQ’s and SMA getting crushed, and I am still very concerned. This morning the futures a bit positive and the Transports (IYT) smacked the cover off the ball yesterday. Overall I am still Bullish because the price of the SPY, IYT, and DIA are still trending above the T-Lines. Following price on the 1, 2, and three-day charts and how price interacts with all 3 of the T-Lines has had a positive impact on myself and the members of Hit and Run Candlesticks and Right Way Options.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Learn how and what we trade: The T-Line • T-Line Bands • Support • Resistance • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops
Investing and Trading involves 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.
Exploded With Price Action
MTRX – Challenged the September 27 high with an inside Pop Out O the Box pattern then exploded with price action. After a few days of consolidation and support, the current price action may now be ready for the next leg. Yesterday’s candle opened even with the previous days close and closed above the previous days open. The T-Lines and the 34-EMA have been trending very well. We love to see the candles stack.
Good Trading – Hit and Run Candlesticks
► Members’ Trade Idea Update (CAKE)
On October 18 we shared and covered in detail the technical properties of CAKE, today the profits would be about 9% or $396.00, with 100 shares. CAKE broke through the Dotted Duece yesterday in a Rounded Bottom Breakout pattern/strategy.
► Eyes On The Market
(SPY) No stinking missile is gonna mess with this market! The SPY • S&P500 closed at another new high. The SPY broke out from a Pop Out Of the Box patterns as it held above the T-Lines. Every day we have given me opportunities to trade great looking charts, it’s how we manage them that matters. As long as the bull keeps serving up perfectly cooked steaks, we’ll keep eating well.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involves 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.
Learn how and what we trade: The T-Line • T-Line Bands • Support • Resistance • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops
Fifth Bar At The Support Level
VIAB – Yesterday was the fifth bar at the $25.16 (ish) support level. After strong a run up the consolidation is taking place with a flag forming. This chart pattern is also what we call a [PBO] Pull Back Opportunity. Price rises, and then minor profit takes place when the buyers start to step in this a PBO. Be aware of recent price action, support, and resistance, and profit opportunities.
30-Days in the Trading Room could be a game changer for you.
Good Trading – Hit and Run Candlesticks
► Members’ Trade Idea Update (ZYNE)
On October 3 we shared and went over the technical properties of ZYNE, today the profits would be about 56% or $492.00, with 100 shares.
Learn how and what we trade: The T-Line • T-Line Bands • Support • Resistance • Buy Box • Volatility Stops • Price
Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops.
► Eyes On The Market
(SPY) The battle between the buyers and sellers was pretty much even yesterday, The candle action of yesterday was the [Doji Indecision thing]. Price above the T-Line and the High T-Line says the sellers did not have enough juice yesterday. As of yesterday below $258.40 would suggest the sellers are mounting an attack on the buyers. IWM felt the seller’s bit yesterday, below $147.90 would give the sellers a little juice.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involves 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.
Bulls Found A Way Out
RYAM – The Bulls finally found a way out by closing over the May 30 high with a huge bullish surged on big volume. With two days of rest, it may be time to add RYAN to the featured trade idea hot list. RYAN is a basic breakout PBO set up. I will explain more about the RYAM chart in the trading room before the market opens
Good Trading – Hit and Run Candlesticks
► Members’ Trade Idea Update (AZO)
On August 31 we shared and went over the technical properties of AZO, today the profits would be about 19.54% or $10,345.00, with 100 shares.
If you are interested in learning how to end the week with a profit that could change your life simply start a membership and learn what we have to share. – 30-Day Trial
► Eyes On The Market
(SPY) The T-Line is higher than the T-Line 20-days ago; the 34-EMA is higher than the 34-EMA 20-days ago, same with the 50-SMA. Price action is above the T-Line and the upper T-Line Band. The simple conclusion here is the trend is intact, and the sellers can’t seem to find a crack.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involves 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.
Members Cover Their Membership Cost
Working to help our subscribing members cover their membership cost – (Keep reading we will get to that) The day before and the day after a holiday most of us have already checked out, Wall Street certainly has, of course, the FED minutes are released today. So on days like today why add more risk? Next week will get be here before you know it. I am sure we can all find something to do to relax or set up your goals for next year.
What I will be doing today– I have mentioned the last couple weeks that we have a way for our subscribing members to eliminate or at least 85% of your membership fee. LOL…nope, it’s not a secret candle formation we dug up buried for the last 400 years. I will be working on this project today, and we should have it ready for you before Christmass.
Happy Thanksgiving from our family to yours
► Members’ Trade Idea Update (SQ)
It just keeps on going… On August 4 we shared and went over the technical properties of SQ, at yesterdays close the profits would be about 86% or $2230.00, with 100 shares invested.
► Eyes On The Market
SPY broke out yesterday, and so did everything else. The trend in SPY, DIA, IWM, QQQ remain bullish, and the transports (ETF) IYT is trying to make a comeback. It still needs work, but it is trying. Buying charts that are trending and consolidating have been profitable, as you may know.
Happy Thanksgiving
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involves 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.
Who Loves to Eat?
ZOES – Who loves to eat? We all do silly traders. The RBB strategy will work perfectly for the ZOES chart. ZOES has rallied from a Bull Kicker to the Dotted Deuce and pulled back to create a PBO J-Hook continuation pattern. Note gap above the 200-SMA to about $15.90.
30-Days in the Trading Room could be a game changer for you.
Good Trading – Hit and Run Candlesticks
► Members’ Trade Idea Update (ZAGG)
On October 4 we shared and went over the technical properties of ZAGG, today the profits would be about 38% or $605.00, with 100 shares.
► Eyes On The Market
The SPY remains above the T-Line trend and the $257.30 support line. The morning futures are suggesting a higher open. Premarket price has challenged the recent high. The Bulls are in charge as long as they maintain the trend. Pullbacks to support are welcome with evidence of buyers coming back in. The 3,4,5 day charts look like consolidation above the T-Line.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involves 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.
Breakout Over The 200-SMA
CERS – Came from an (RBB) Rounded Bottom Breakout closing over the 200-SMA. After eight days of consolidation, CERS broke out again after a PBO Bullish Engulf from the T-Line. Take a look at the 2,3,4,5 day charts, all set up in an (RBB) Rounded Bottom Breakout pattern. Price could be looking at the $4.70 resistance level. Could be a 20-25% trade properly managed and planned.
Good Trading – Hit and Run Candlesticks
► Members’ Trade Idea Update (SQ)
That crazy SQ popped another 5% Friday! With the SQ trade Idea, the profits are now about 71% or about $1842.00, with 100 shares.
If you are interested in learning how to end the week with a profit that could change your life simply start a membership and learn what we have to share. – Yes I want the winning trades
► Eyes On The Market
Friday the SPY printed an inside day Harami. The key for the Bulls is to fight the Bears from trying to pull them back down below the recent low. One of the most obvious patterns I see in the SPY chart is the Lower High and Lower Low pattern. This patter is a Bearish pattern, the bulls can reverse the pattern, but they will need to follow through above $259.00
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involves 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.
