Support And The 50-Day Simple Moving Average
The SPY was protected by the support and the 50-Day simple moving average when price slipped through, and the Bulls caught it before a full out runaway. Never the less we still have lower highs and lower lows for about the past 2 weeks. I see support in the $240.40 area followed by the $237.60 area. Resistance is the $242.75 area.
Closed Positions
IMFN ½ for a +18.71%
UVXY ½ for a +24.06%
Free Trade Idea – No Free Trade Idea Today
For members, we do have 13 trade ideas that we will cover from our members master list between 9:10 Est. to market open.
From our Members Watch-list
SCSS is up 17.88% from our members only post on June 2; The Bulls moved it 11.32% yesterday.
Hit and Run Candlesticks Trade Ideas -vs.- SPY Last 7 Bars
- HTZ +31.26%
- CARA + 30.82%
- VRX +26.54%
- SPWR + 23.57%
What is a Trade Idea Watch-list?
A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame. That time could be one to 15 days for example. From that watchlist, we wait until price action meets our conditions for a trade.
Investing and Trading involve significant financial risk and are 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.
Profit Takers Are Coming Out
Profit takers are coming out in the overall market. Candlesticks patterns and signals are starting to suggest the big bulls are in need for profits, evidence of profit taking can be seen in the SPY, QQQ, DIA, VT, and VTI ETF’s. Candlestick and price action of the SPY suggest the next 2 big numbers are $240.40 followed by $237.60. The Bulls will not likely give in willingly or easy, so we should see minor relief rallies.
Free Trade Idea – UVXY
UVXY (Ultra Vix Short-Term Futures ETF) Became an HRC-RBB chart pattern yesterday with tremendous profit potential. The 3-day chart is set up for our Pinball Strategy. On the 3-day chart.
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.
Conditions For The UVXY Trade
- Bullish Harami 3-day chart
- Engulfed Lower and Upper 4-hour Band
From our Members Watchlist
SGMO is up 83.16% from our members only post on March 6, after hitting resistance. 83.16 profit or the piece you may have will look and feel good in your bank account.
Hit and Run Candlesticks Trade Ideas -vs- SPY Last 7 Bars
- CARA +51.32%
- IMGN + 33.20%
- ESPR +27.04%
- VRX +23.61%
- DVAX +20.48%
What is a Trade Idea Watchlist?
A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader's time frame. That time could be one to 15 days for example. From that watchlist, we wait until price action meets our conditions for a trade.
MEMBERS ONLY
Investing and Trading involve significant financial risk and are 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.
SPY Has Been Wondering Around With Its Eyes Closed
(SPY) For about 18 days now the SPY has been wondering around with its eyes closed, no direction other that sideways which is perfectly fine because we have been able to find and trade the profits right to the bank.
We took 38.52% of VRX to the bank yesterday – Soon we will take CGI, IMGN, VSTO, ARDX, DRIP, all double-digit gains to the bank. (No coin here all folding money)
Free Trade Idea – GNMX
GNMX (Aevi Genomic Medicine Inc) Became an HRC-RBB chart pattern yesterday with tremendous profit potential. The 3-day chart is set up for our Pinball Strategy. On the 3-day chart.
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.
Conditions For The GNMX Trade
- RBB setup
- Inverted Hammer
- Higher Lows
- J-Hook
- Swing or swings: 30% Plus
From our Members Watchlist
VRX is up 76.81% from our members only post on May 5, 2017; VRX popped another 8.10% yesterday closing above the 200-sma. Can you see how VRX when from a Pinball setup to an RBB setup, then closed above the 200-sma?
Hit and Run Candlesticks Movers – SPY VS Members List Last 7 Bars
- IMGN +48.91%
- CARA +48.42%
- VRX +34.91%
- ESPE +28.39%
- CAR +26.58
What is a Trade Idea Watchlist?
A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader's time frame. That time could be one to 15 days for example. From that watchlist, we wait until price action meets our conditions for a trade.
MEMBERS ONLY
Investing and Trading involve significant financial risk and are 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.
SPY Is Range Bound Near It’s 23.3 Fibonacci Retracement Line
(SPY) The SPY is range bound near it’s 23.3 Fibonacci retracement line. 4 out of 5 candlesticks closed below the T-Line last week while all 5 of last weeks candlesticks closed above the 23.6% Fib. Line. The Bearish Engulf on the 3-day chart still weighs heavy on the next 2 following candles, they both have closed below $243.50 and the Bearish Engulf 50% line. The Bulls need to challenge and win the $243.50 line to put a new high challenge together.
Free Trade Idea – IPI
IPI (Intrepid Potash Inc.) Was first a members trade idea on May 16, 2017, and as of Friday’s close up 10%. On the monthly chart, I see support above the bottom construction. On a 3-day chart, IPI is An RBB pattern with a Bullish Engulf on the Dotted Deuce.
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.
Conditions For The IPI Trade
- RBB setup 3-day chart
- Bullish Morning Star Daily
- Trending
- Big Three Engulf
- Swing or swings: 30% Plus
From our Members Watchlist
PI is up another 42.97% from our members only post on May 8, 2017; PI popped 7.58% Friday with a breakout, flag, breakout. Know how to get aboard a trending stock is an art that can be learned, something we teach every day in the trading room
Hit and Run Candlesticks Movers – SPY VS Members List Last 7 Bars
- IMGN +33.77%
- CARA +32.30%
- VRX +30.36%
What is a Trade Idea Watchlist?
A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame. That time could be one to 15 days for example. From that watchlist, we wait until price action meets our conditions for a trade.
MEMBERS ONLY
Investing and Trading involve significant financial risk and are 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.
Sellers Were Able To Keep The Ball Below The Upper Bullish T-Line Band
(SPY) The sellers were able to keep the ball below the upper Bullish T-Line Band, and the buyers were able to the ball above the lower Bearish T-Line Band. The short term battle is heating up between the Bulls and Bears with a winner trying to emerge, (we know from experience it’s the short term battles that lead to the longer term win). The Bearish Engulf on the 3-day chart still has the Bull under pursuer for the short term, if the Bearish Engulf can drive price below $242.63 June, 16 low is support for the Bears will have taken a minor point. Overall in the big picture, we remain Bullish
It’s Friday – No Trade Idea
Here at Hit and Run Candlesticks, we feel it’s important to slow things down on Fridays, take profits, reflect on your weeks trading, (winners and losers). How and what can we do to improve.
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.
Topic Charts For Members Yesterday
Why Trade With Hit and Run Candlesticks
VRX is up 60.46% from our members only post on May 2, 2017; and a nice %13.30 move yesterday, we banked ½ the profits.
Hit and Run Candlesticks Movers Yesterday
- VRX 13.30%
- SPWR 13.15%
- SGMO 12.88%
What is a Trade Idea Watchlist?
A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader's time frame. That time could be one to 15 days for example. From that watchlist, we wait until price action meets our conditions for a trade.
MEMBERS ONLY
Investing and Trading involve significant financial risk and are 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.
The SPY Has Been Under A Little Pressure
(SPY) The SPY has been under a little pressure the last few trading days after making an all-time high. The Bulls still have the upper hand as long as they can maintain control of the $241.63 support area. The Bearish Engulf on the 3-day chart is still a problem the Bulls need to confront.
Free Trade Idea – IMGN
IMGN (Immunogen Inc) Was first a members trade idea on Januar 4, 2017 and as of yesterday’s close is up 189.42%. On a 3-day chart, IMGN is headed for the 200-sma, and I believe more.
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.
Conditions For The IMGN Trade
- RBB setup 3-day chart
- Flag PBO
- Bullish J-Hook set up
- T-Line Bounce
- Swing or swings: 30% Plus
Why Trade With Hit and Run Candlesticks
DVAX is up 107.78% from our members only post on March 1, 2017; DVAX popped another 5.65% yesterday with a beautiful T-Line Run.
Hit and Run Candlesticks Movers Yesterday
- IMGN +11.07%
- NVCR 9.72%
- RHT 9.58%
What is a Trade Idea Watchlist?
A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader's time frame. That time could be one to 15 days for example. From that watchlist, we wait until price action meets our conditions for a trade.
MEMBERS ONLY
Investing and Trading involve significant financial risk and are 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.
Trading In The Direction Of The Market
(SPY) The profitable swing trader has discovered trading in the direction of the market is easier and more profitable. I believe this is something that will never change. The buyers continue to dominate the overall market with periods of consolidation and minor pullbacks which turn out to be buying opportunities.
The SPY is currently working on a Hammer / Bull Kicker and a rising 34-EMA. A close over $244.87 in the next few days would set up the SPY for another Bullish leg.
Free Trade Idea – SWIR
SWIR (Sierra Wireless Inc.) Has started a bullish rise from the May 5 gap, over the past few days SWIR has formed a flag pull back. We feel this could be a opportunity before the breakout of the recent high.
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.
Conditions For The SWIR Trade
- Bullish gap
- Flag PBO
- Bullish J-Hook set up
- Bullish Engulf
- Swing or swings: 25% Plus
Why Trade With Hit and Run Candlesticks
WYNN is up 32.21% from our members only post on March 15, 2017; WYNN was another 3% yesterday on a breakout headed to our higher targets.
Email us back and let us know why your not a member and you could win a $20.00 gift card to Amazon. Will will be giving 5 Amazon gift cards away.
Hit and Run Candlesticks Movers Yesterday
- IMGN +7.21%
- CONN +6.67%
- NVCR +6.76%
What is a Trade Idea Watchlist?
A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame. That time could be one to 15 days for example. From that watchlist, we wait until price action meets our conditions for a trade.
MEMBERS ONLY
Investing and Trading involve significant financial risk and are 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 Were Able To Close Price With A Hammer Keeping Them Above Water
(SPY) Friday cracked our $241.90 line, but the Bulls were able to close price with a Hammer keeping them above water. I think we all should be aware that the 3-day chart on the SPY is supporting a Bearish Engulf, which means the Bulls needs to reclaim $244.10. Many Bullish charts remain intact and look strong with the normal pause and a routine break. A key to successful swing trading is knowing when to be patient and how to manage a chart.
Free Trade Idea – HIIQ
HIIQ (Health Insurance Innovations) Broke out Friday on a Bullish Morning Star Signal. Up to the Morning Star signal, HIIQ has seen a bullish run with a pullback to the 34-ema.
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.
Conditions For The HIIQ Trade
- Higher Lows and Higher Highs
- Bullish J-Hook set up
- 3-Day Morning Star
- Swing or swings: 25% Plus
Why Trade With Hit and Run Candlesticks
DVAX is up 74.44% from our members only post on March 1, 2017, and it’s on our member’s trade idealist today. Tell us why your not a Subscriber and you could win!
E-Mail Us Here
Email us back and let us know why your not a member and you could win a $20.00 gift card to Amazon. Will will be giving 5 Amazon gift cards away.
Hit and Run Candlesticks Movers Friday
- PI +19.11%
- HIIQ +12.90%
- VHC +10.11%
What is a Trade Idea Watchlist?
A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame. That time could be one to 15 days for example. From that watchlist, we wait until price action meets our conditions for a trade.
MEMBERS ONLY
Investing and Trading involve significant financial risk and are 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.
Don’t Fall For The “Yellen” Knee Jerk Today
(SPY) Today could be a game changer, or just more of the same just don’t fall for the “Yellen” knee jerk today. We at Hit and Run Candlesticks have always found it better to be patient and follow the charts. Never could understand why traders continue to front run and guess what will happen. Currently, the Bulls are in control over about $241.90 on the SPY, under could be a different story.
Free Trade Idea – HDP
HDP (Hortonworks Inc) Gapped and broke out on May 5th ran a bit and then stared to see profit taking. HDP looks have found support near the 34-ena and the 50-sma. A Bullish Morning Star lead to a breakout of the T-Line. Over $13.60 we see a possible 20%
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.
Conditions For The HDP Trade
- Higher Lows and Higher Highs
- 2 and 3 day J-Hook setting up
- Trending
- Bullish Engulf (5 day chart)
- Swing or swings: 20% Plus
Why Trade With Hit and Run Candlesticks
OMER is up 23.46% from our members only post on April 4, 2017 and up 14% yesterday. Tell us why your not with us and you could win.
Email us back and let us know why your not a member and you could win a $20.00 gift card to Amazon. Will will be giving 5 Amazon gift cards away.
200 shares of OMER was worth $744.00 Yesterday –
Hit and Run Candlesticks Movers Yesterday
- OMER 15.5%
- HDP 10.76%
- SGMS 8.35%
What is a Trade Idea Watchlist?
A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader's time frame. That time could be one to 15 days for example. From that watchlist, we wait until price action meets our conditions for a trade.
MEMBERS ONLY
Investing and Trading involve significant financial risk and are 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.
Morning Futures Are Trying To Bounce the Market
(SPY) The morning futures are trying to bounce the market with help from our 4-hour chart $242.90 support line. Yesterday I was asked how we came up with $242.90? I used the 4-hour chart, and the Volatility stops. When I was looking at charts, I noticed the 4-hour chart had a string of Volatility Stop dots, and I laid a line just below. If you have the Volatility Stops on your chart, you can see how price slipped below, but the closing price stayed above. We remain very cautious.
Free Trade Idea – PLUG
PLUG (Plug Power Inc) Started it’s pattern back on May 18, followed by a lot of indecision then the Bullish Morning Star appeared followed by a PBO.
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.
Conditions For The PLUG Trade
- Bullish Engulf
- 12 days being inside
- Bullish Morning Star
- 3 bar PBO
- Bullish Harami
- Rising
- Swing or swings: 20% Plus
Why Trade With Hit and Run Candlesticks
HMHC is up 29.86% from our members only post on April 10, 2017; Education builds confidence.
300 shares of NVCR was worth $945.00 Yesterday –
Hit and Run Candlesticks movers Yesterday
- OMER 11.84%
- DVAX 9.72%
- IPI 5.48%
What is a Trade Idea Watchlist?
A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame. That time could be one to 15 days for example. From that watchlist, we wait until price action meets our conditions for a trade.
Investing and Trading involve significant financial risk and are 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.
