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
[button_2 color=”red” align=”center” href=”https://ob124-5a86cf.pages.infusionsoft.net/” new_window=”Y”]Road Trip With Continuation Patterns / Workshop[/button_2]
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 Trial • Monthly • Quarterly • Semi-Annual • Annual
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.
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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%
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 Trial • Monthly • Quarterly • Semi-Annual • Annual
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.
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3-Day Doji Continuation Pattern
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.
[button_2 color=”red” align=”center” href=”https://ob124-cea4cb.pages.infusionsoft.net/” new_window=”Y”]Fibonacci Workshop Tonight 8pm EST • Recording Available[/button_2]
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 Trial • Monthly • Quarterly • Semi-Annual • Annual
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.
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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%
[button_2 color=”red” align=”center” href=”https://ob124-cea4cb.pages.infusionsoft.net/” new_window=”Y”]Fibonacci Workshop Tomorrow 3/15/18[/button_2]
►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 Trial • Monthly • Quarterly • Semi-Annual • Annual
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.
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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%
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►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 Trial • Monthly • Quarterly • Semi-Annual • Annual
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.
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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%
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►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 Trial • Monthly • Quarterly • Semi-Annual • Annual
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.
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Taking 2 Days Off
Hi everyone, I will be taking Thursday and Friday, March 8, and 9, off for a little vacation. Hit and Run Candlesticks will run as usual thanks to a great team.
I hope every took advantage of the TWTR and FEYE trades we posted!
If you are interested in learning more about combining Fibonacci Lines with your trading… check this link out.
►Event Calendar Stay Informed
►Rick’s Swing Trade Ideas Reserved for Subscribing Members
No members trade ideas for Thursday and Friday
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
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.
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Currently Long TWTR
Hit and Run is Currently long TWTR, and we feel it may push higher. We are looking for TWTR to climb to the high 40’s with normal pullbacks and obstacles to overcome. The weekly chart has constructed a bullish bottom with a bull “W” pattern. Yes TWTR is approaching a little resistance followed by a weak spot on the chart that price may want to slip through. Want to learn how to deal with the resistance ahead and collect 30-40%, consider joining our team
We will discuss the trade details with our trade plan in our Members Morning Prep starting at 9:10 EST this morning.
Hope to see everyone at the members morning briefing 9:10 EST today.
►Recently Closed Positions
WTW 21.9% •VIPS 118% • VXX 375% • TWTR 180% • QQQ 179% • QQQ 28% • TWTR 54%
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►SPY Up-Date
The SPY put together another bullish day yesterday on the south side the 50-SMA, to get the bulls back into a strong bullish trend price will need to be the north side of the 50-SMA and bring a few moving averages with it. Above $275.90 would put the bulls in a good position to mount the attack on the January high. If price cant finds a way over the 50-SMA, another test of the 200-SMA is in the cards.
►The VXX short-term futures
As of yesterday, VXX is quietly working to hold the 200-SMA. We will keep it on our watchlist but no activity right now.
►Rick’s Swing Trade Ideas Reserved for Subscribing Members
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
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.
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Bullish Engulf On Support
EGHT printed a Bullish Engulf over a Doji on support Friday breaking out of a bullish flag and the recent top. The trend has been normal with the opportunity with plenty buy areas. Once again I see the potential to ring the bell. With the market condition, any and all trades are risky We will discuss the trade details with our trade plan in our Members Morning Prep starting at 9:10 EST this morning.
Hope to see everyone at the members morning briefing 9:10 EST today.
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►SPY Up-Date
The SPY close Friday smacks dab on one of our support/resistant lines ($265.95) with nearly a Bullish Piercing candle. This price action may spark a little buying to the $270.90 are not likely to last in the current political environment. Tread carefully this week.
►Learn Our Tools and Trading Techniques
On November 13, Rick shared CBAY as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 64% or $591.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits. CBAY is back on the list with a Bullish Engulf.
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
We did very well with our VXX trade last week and plane to trade it again with the time is right…Stay tuned
►Rick’s Swing Trade Ideas Reserved for Subscribing Members
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
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.
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Underwater or Rolling in the Loot.
Are you underwater or rolling in the loot? Today there will be no trade ideas posted, I will be in the room pre-market and would like to discuss the trades you are in and the best plan of action whether your underwater or rolling in the loot. We will discuss the trade details with Trader Vision 20/20 in our Members Morning Prep starting at 9:10 EST this morning.
Hope to see everyone at the members morning briefing 9:10 EST today.
►Benefits of using Fibs
- They identify key areas of support and resistance
- Helps choose between many potential S/R levels (before price reaches those levels);
- b. Allows better definition of Reward (likely potential resistance) before trade;
- Allows better definition of Risk before trade
- Allows better definition of Reward/Risk Ratio before trade
- 2. They help “tune” the drawing of S/R lines (when unsure exactly where to put it, they give a guide);
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►SPY Up-Date
Yesterday was the first time that all of our Members Trade-Ideas were short setups because of the Bearish Engulf right on an important downtrend resistance line. In yesterday pre-market blog post, we posted three important numbers, 279.90, 265.95, 262,00. At yesterdays close we came within pennies of the 270.90 number, and pre-market today we have dropped below it. The point is the buyers have lost control for now, and the sellers have picked up the ball.
►Learn Our Tools and Trading Techniques
On February 23, Rick shared CRC as a short trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 26%%. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.
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 has found a few buyers and put together a Bullish Morning Star Pattern with follow-through. Yesterday we picked up a few shares and posted in the trading room at the same time.
►Rick’s Swing Trade Ideas Reserved for Subscribing Members
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
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.
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