Nervous Feeding Frenzy

Nervous Feeding Frenzy

The overall market is in a nervous feeding frenzy. In my personal experience, I have found this type of the market is the hardest of all to trade, (Choppy, weak up moves, stronger down moves). Until this changes, we will not be providing trade ideas before the market opens. We will point out long, and short trades live during the day. When a trade is suitable, we will post it on the website, email and through our APP for members.

Live 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% •

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Event Calendar

SPY • Sellers Control the Direction

Yesterday was another day where the sellers controlled price, hitting a new lower low and close in the past 15 bars. For whatever it is worth price has found the weekly 50-SMA. Maybe this is something the buyers can work with, price will only tell. As I look at the daily chart (SPY) for the market direction, I only need to consider what price is doing in relationship to the T-Line. Is price below the T-Line? Is price above the T-Line? Trading in the direction of the market increases your trading success, no one I know disputes that. From late January to now the chart pattern on the SPY is a sellers pattern, price is below the T-Line, no relief rally signal on yesterdays close. As of yesterday close being short or trading the Inverse ETF’s makes the most sense. Another choice is to remember “cash” is a position.

The VXX short-term futures

Price leads the T-Line higher indicating buyers are in control. The VXX chart is a good chart to watch and see the fear in the market. A simple rule of thumb, when price is above the T-Line (VXX) the market is choppy at best when price in below the T-Line (VXX) the market is happy and generally bullish.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

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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

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 Morning Stars are Clues

Bullish Morning Stars are Clues

Bullish Morning Stars are clues, SSNC created a Bullish Morning Star on support during trending consolidation. The 2-day chart also shows a Pop Out of The Box pattern, and the weekly still has the T-Line trending with price leading. On Tuesday last week price pulled back after hitting a new high, the bullish morning star suggests the buyers are still active.

We will any discuss our trades in detail during 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% •

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Event Calendar

SPY • Needs To Take Back The T-Line

The buyers were able to close the week with a bullish Morning Start last week giving them five candles in the bottom construction and another Volatility Dots has added to the construction. A close over the 3/27 candle would give follow through to the Morning Star pattern and clear the path to challenge the daily 50-SMA. The first goal for the buyers is to close price above the T-Line

The VXX short-term futures

Last week the VXX showed weakness but still closed over the T-Line. Positive trading today should close the VXX below the T-Line possible testing the downtrend line.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

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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

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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SEARS Ready To Play?

SEARS Ready To Play?

Sears could be ready to play; a scoop pattern has formed with a breakout above the daily 50-SMA. Yesterday’s close above the daily 50-SMA put SHLD in an (RBB) Rounded Bottom Break Out pattern. Take a look at the 3 and five-day charts, and you will see very good candlesticks price action and they are both Pinball setups.

We will any discuss our trades in detail during 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% •

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Event Calendar

SPY • Bulls are Fighting Back

As of the close yesterday, the sellers are still in the lead. With a price below the T-Line and the T-Line trending down and no evidence that the buyers are outpacing the sellers. BUT the buyers are fighting back, the Doji yesterday and the past four bars respecting the 200-SMA as support suggest the buyers are trying to fight back. To get any bullish party started the buyers must get the price to stabilize over the T-Line.

The VXX short-term futures

VXX has been a good money maker for many of our members. As always let price speak to you and of course “listen.”

Rick’s Swing Trade Ideas Reserved for Subscribing Members

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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

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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RBB, Hammer, Bull Engulf, Rising Price

RBB, Hammer, Bull Engulf, Rising Price

RBB, Hammer, Bull Engulf, rising price. TNDM has been working on constructing Frypan/Rounded bottom for the past few months. This past week price has printed bullish candles that suggest buyers are poking around. Yesterday price broke out of a Pop Out of The Box pattern. FYI I am looking at a 3-day chart

We will any discuss our trades in detail during 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% •

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Event Calendar

SPY • Who’s Winning the Battle?

The buyers and sellers are having a knockdown battle, and as long as the price stays below moving averages (50-SMA and below), the sellers will own this market. Also holds true to trading charts. Yesterday’s close engulfed Monday’s positive day for the price. Note that Monday did not have to follow through and neither Monday or Tuesday closed over the T-Line. Over $269.23 the buyers have a chance, below $257.80 the sellers gained more control.

The VXX short-term futures

Yesterday I wrote the VXX “Should not be dismissed just yet.” The reason is very simple, price and the chart pattern and the recent trend is still bullish. This action suggests that fear and concern are still in this market.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

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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

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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APTI Bullish Pop Out Of The Box

APTI Bullish Pop Out Of The Box

APTI has broken out of a Bullish Pop Out of The Box and now testing support. APTI has been trending then started to consolidate on March 8. The Bullish engulf on March 14 saw a little pop but no follow through. The following days drifted down to the $29.00 area (support) Yesterday’s candle opened near support and closed above the March 14 Bullish Engulf. The chart appears to have enough buyers to create follow through.

We will any discuss our trades in detail during 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% •

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Event Calendar

SPY Update

The Strong Bull move yesterday will likely bring more buyers in today reaching for the next goal. The next goal would be about $269.00. A close over $269.00 today or tomorrow would put price above the 50% line of 3/13 high and the 3/23 low. From there the daily 50-SMA could be challenged.

The VXX short-term futures

VXX close yesterday above the downtrend line and should not be dismissed just yet.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

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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

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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Uncomfortable About Chasing A Trade

Uncomfortable About Chasing A Trade

Honestly, folks, I feel so uncomfortable about chasing a trade today that I am not posting any.  The market is in an angry phase that shreds accounts. If we see a trade during the day, we will post it in the trading room and on our Smart Phone App. Trading because of an addiction or desperation is not smart trading.

We will any discuss charts you may have in the trade in detail during 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% •

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Event Calendar

SPY • Relief Rally

Friday the SPY fell again and landed on the daily 200-SMA, also very near price support. Pre-market numbers suggest a relief rally bounce just as we talked about Friday. A common relief rally to about $263.35 would be normal, maybe even between $263.35 and $265.90. The SPY felt pain and damage last week, and if today’s bounce is the start of a bottom, we will need to see a constructed reversal pattern. If the Bulls are not ready for a repair job, we could slide into the February low area.

The VXX short-term futures

THE VXX chart demonstrated it’s fear last week by breaking out and holding into Friday’s close. The pullback I see premarket is still above the downtrend line. Fear and volatility are in the house.

Rick’s Swing Trade Ideas Reserved for Subscribing Members

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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

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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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!

 

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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.

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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%

 

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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.

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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% •

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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.

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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% •

 

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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.

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