Classic Blue Ice Failure
MARRIOTT is a classic Blue Ice Failure that has failed to use the upper T-Line Band to find a bullish territory. Price has repeatedly failed the upper band and yesterday closed below the lower band and the 50-SMA. Weakness from here and in the market could force MAR to test the February lows then about $117.30
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.
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►SPY Up Date
Yesterday’s price action and Bearish Engulf did not end well for the bulls. The probability is pretty high we see a lower low today. Most important is the $270.90 area. If the Bulls can not defend their mountain, the bears will attack $265.95 then $262,00, then the February low. Between yesterdays close and $270.90, there is plenty of support if the bulls want it, but they will have to take it.
►Learn Our Tools and Trading Techniques
On February 15, Rick shared MOYK as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 14% or $725.00 with 100 shares. 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 printed a Bullish Morning Star and closed above the Lower band, bullish follow-through over the next day or so would indicate increased fear in the market.
►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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Riding the T-Line
VECO has broken north of the downtrend line riding the T-Line, rested and yesterdays closed testing the recent high. VECO’s recent bullishness suggest higher highs are yet to come with a confirmed J-Hook Pattern. A profit zone may be around the $22.25 area.
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.
►SPY Up Date
The Bullish follow-through yesterday was top shelf pinning our trend line with perfection. Yesterday the SPY closed strong over the 50% line December January run; it looks ready to challenge the 38.3 Fib line within a day or two. Mild consolidation is expected, always what for sell signals and patterns that threaten the trend.
►Learn Our Tools and Trading Techniques
On February 15, Rick shared MOYK as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 14% or $725.00 with 100 shares. 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 is likely to see the 34-EMA with the sellers in control.
►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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Price Action Broke Resistance
Our moving trend lines have met the trend test with flying colors. Price action has broken out of resistance now support. Currently, a Pop Out of The Box Pattern is forming. I will be setting up a trading plan for about 25% with 3.24 to 1 risk ratio for VIPS in our Members Morning Prep starting at 9:10 EST this morning.
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Hope to see everyone at the members morning briefing 9:10 EST today.
►SPY Up Date
Friday was a good day for the buyers! The buyers added another important piece to the Bull Flag with a Bullish Morning Star Candle Pattern. Today we are looking for follow-through and a close over $275.45. A close over $275.45 would put the buyers in a good position to challenge the January highs in the future. A failure back below the 50-SMA would indicate the sellers are stronger and have a different agenda for the direction of price.
►Learn Our Tools and Trading Techniques
On February 13, Rick shared VIPS as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 16% or $250.00 with 100 shares. 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
Currently, VXX is trading below the T-Line Bands, Seller control
►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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Preparing To Challenge The Gatekeeper
6:50 am 2/23/18 the SPY futures look as if they are preparing to challenge the gatekeeper (50-SMA and the Bearish downtrend line) yet another time this week. I must admit this has been a challenging week for trading. One of the side effects of a nondirectional market is chop. Chop is very hard for most traders because it requires patience while the position (s) you’re in is slow, stagnant and seem to be barely hanging on. The way I see it is if the SPY can hold above $275.45 the Bulls will have a real chance of climbing back to the January high. On the other side of the coin, if the Bears can push through $268.15, they will likely test the February low. Cash is a position for a few days, just until the market finds it’s directional compass.
► Saturday, February 24, 2018
Tomorrow Saturday, February 24, Five Profesional traders come together to share with you a day of trading insight. These traders will share what works for them, and it just might be the key that unlocks the trading monster within you.
Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trends • 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 • Continuation Patterns • Trade Planning.
Rick’s Swing Trade ideas
Member Login – Full Daily List
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
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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Price Leading T-Line Band
Price in leading the T-Line Bands. On a weekly chart, BYD has had bearish follow through from a little Shooting Star. On the daily chart, you can see the sellers activity with lower highs on the T-Line. Yesterdays Doji ended up closing below the T-Line Band Low. At the morning briefing this morning I will show how price has broken through and tested the trend line. Price has also slipped under the volatility Stop. Currently, VXX is building support in a pullback, the chart has turned bullish. This chart is giving the clue of caution.
Hope to see everyone at the members morning briefing 9:10 EST today.
►Important Events
►SPY Up Date
The SPY closed below the 50-SMA keeping the Blue Ice Failure alive. The price action of yesterday favored the sellers by closing below the previous days low, and price closed back below the upper T-Line Band. I see two chart patterns forming, on the Bull and One for the Bear. If you are a bull you are seeing the Low High, Higher Low being created, if you are a bear you see a Lower low and a failed high and a Blue Ice Failure being created. On both, we need to see follow through for direction. Weakness suggest we test below the Lower T-Line Band strength suggest we test the recent high @275.32
►Learn Our Tools and Trading Techniques
On December 11, Rick shared GLYC as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 62% or $941.00 with 100 shares. 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
►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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SRNE Printed A Bullish Morning Star
On a weekly chart, SRNE has pulled back and printed a Bullish Morning Star Candle pattern. On a daily chart, SRNE has trended away from the 200-SMA for about 3-months. I see a couple of ways and reasons to trade SRNE, and a couple of pitfalls. I will explain to the members morning briefing and the monster profit potential.
Why will some make a darn good profit on a trade and others will struggle or even lose money on the same trade?
►Up Coming Events
►SPY Up Date
The SPY futures are down this morning, not surprising with chart formation Friday. When you take into consideration price action dancing around a Blue Ice Failure pattern, you’re likely to get a little washout. Plus we have not made a Low High Higher Low – Higher High yet. It is possible the Bule Ice Failure will be helpful in the process. If the sellers can get through the 200-SMA, this correction could get nasty, and we will love the short and Inverse trades.
►Learn Our Tools and Trading Techniques
On November 13, Rick shared BW as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 59% or $273.00 with 100 shares. 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
VXX is showed signs of support Friday. A buy signal and chart pattern would be helpful clues for a buy.
►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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The SPY Has Rallied From $252.92
The SPY has rallied from $252.92 back to the 50-SMA where it will decide who takes control, the Bulls or the Bears and maybe even both with a sideways move. The market on a weekly chart SPY, DIA, QQQ’s, IWM it is still in a bullish trend. Switch to a daily chart, and we see the struggle. The daily chart is in the Blue Ice Failure trap and needs the buyers to come to this party, or a retest of the recent test is in the cards. If the buyers show up, then we will see constructive consolidation and a bull move.
A little of the recent fear has dried up causing the VXX to pull back to the 200-SMA. The close yesterday was also at prior support, be sure there are plenty of traders watching ready to jump in if the fear starts to heat up again.
►HRC Recent and Current Trades
- Recently closed – VIPS 118% • VXX 375% • TWTR 180% • QQQ 179% • QQQ 28%
- Current holdings – SKX • TWTR
- RWO public Saturday event
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- To see all events Click Here
►Hit and Run Candlesticks • Right Way Options • Trader Vision
We hear from our members every day how we have helped their trading through education. We don’t just post trades for you we teach you about the trade as well. There is always that person that just wants the stock pick and thinks they’re going to trade it for profit and success “Bull Crap” how’s that been working out?
Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trends • 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 • Continuation Patterns • Trade Planning.
Rick’s Swing Trade ideas
Member Login – Full Daily List
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Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • 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 • Continuation Patterns
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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