Will We See Another Test Of Support?
(SPY) Will we see another test of support? Friday the SPY tested the T-Line and May 25,26, 31 – June 2 support line ($241.75) but the buyers closed us above the T-Line. The QQQ’s took a huge hit Friday well below the T-Line and below the lower T-Line Band. The QQQ’s did find support near the 34-EMA and the Mat 14 support line. I suspect we see a bit more weakness, there for the $241.75 support line will be key to bullishness or more correction.
Free Trade Idea – ACOR
ACOR (Acorda Therapeutics Inc) as found a bottom at $13.80, Bulls have stepped in pushing the Bears out. Price has risen know to a tradable bottom. To learn more about the ACOR chart login to the trading room or what for a trade of the week video.
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Conditions For The ACOR Trade
- RBB Pattern
- Tweezer Bottom
- Near Bullish Engulf
- Bullish Morning Star
- Bullish J-Hook
- Rising
- Over 25% Swing (s) possible
Why Trade With Hit and Run Candlesticks
NVCR is up 21.91% from our members only post on June 1, 2017; Education builds confidence.
300 shares of NVCR was worth $825.00 Friday –
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.
3-Day Chart – Bullish Doji Continuation Pattern
(SPY) Another indecision Doji was formed on the SPY pulling together a Bullish Doji continuation pattern on the 3-day chart. The daily and the 2-day chart are working on a Pop Out of The Box Pattern. Bottom line at yesterday’s close and the past week the SPY has more buyers than sellers. It is important we see proper chart pattern follow through.
It’s Friday – No Trade Idea
Take time today to reflect on your trades the past couple weeks. Did you make a plan for each trade? Do you feel more comfortable with trades that have a plan or without a plan?
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your education.
Why Trade With Hit and Run Candlesticks
DVAX is up 57% from our members only post on March 1, 2017; Education builds confidence.
800 shares of IRBT was worth $2080.00 Yesterday – A Coach can help with clearing the path to success.
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.
Price Above T-Line For The Twelfth Day
(SPY) Yesterday the SPY closed plus .19% with a Doji. And the Bulls have kept the price above the T-Line for the twelveth day. We currently have a 3 bar pullback; this could be a setup for a J-Hook continuation pattern. Two of the four pieces are in place. Hit and Run Candlesticks will stay on top of the market pattern.
Free Trade Idea – KEM
KEM (Kemet Corp) Continues to trend with several bullish chart patterns working. With Bullish follow through we will be looking for a couple of swings from 10% to 30%. We will share more about the KEM chart pattern in Trading Room #2 today.
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Conditions For The KEM Trade
- Doji Continuation pattern
- Cup & Handle
- Bullish J-Hook
- Rising
- Bullish Engulf (3-day chart)
- Doji Continuation
- Over 30% possible
Why Trade With Hit and Run Candlesticks
IRBT is up 19.18% from our members only post on May 2, 2017; Education builds confidence.
100 shares of IRBT was worth $1597.00 Yesterday – Subscribe Now
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 Performed Perfectly With A Bull Flag Breakout
(SPY) Last week the SPY performed perfectly with a bull flag breakout of the T-Line, A T-Line Run, A Flag PBO on support, then a Bull Kicker (was not perfect). The result is from the may 18, low to Friday’s June 2, close the Spay has run 3.13% (Sweet). While the market is bullish, we all should be doing very well in the charts we are trading. Keep your charts simple and clean so that you can see price. If you find yourself having trouble, reach out to one of our coaches.
FREE TRADE IDEA – JUNO
JUNO (Juno Therapeutics) has been rising for the past seven months; It is now above the 200-SMA on the daily chart. On the 3-day chart, JUNO is an RBB-pattern and has formed a Bullish Rising Method. Juno has also broken out of a downtrend line
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Conditions for the JUNO trade
- RBB (3-day chart)
- Rising
- Above resistance
- Morning Star (2-day chart)
- Rising Method (3-day chart)
- Over 25% possible
Why Trade With Hit and Run Candlesticks
TDOCis up 50.57% from our members only post on February 28, 2017; Education builds confidence.
100 shares of SPWH was worth $2210.00 Friday –
What is a Trade Idea Watch List?
A trade idea watch list 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 watch-list, we wait until price action meets our conditions for a trade.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is not 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 advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.
Price Runs The T-Line, Flagged and Took Off
(SPY) WOW, what a great day in the market yesterday! Price runs the T-Line, flagged and took off.
A perfect T-Line runs, with a flag PBO then a T-Line bounce. The next step for the SPY is yo reach out for the $245.00 level. Watch for opportunities and always be prepared for the unexpected.
FREE TRADE IDEA – VSTO
VSTO
Vista Outdoor Inc. has been basing for more that three months now. Price has run and held above resistance and showing signs of more of a run. The Rounded Bottom Breakout is powerful strategy when traded with a plan and common sense.
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Conditions for the VSTO trade
- Rounded Bottom Breakout
- Bullish “W” (3-day chart)
- Morning Star (3-day chart)
- Above resistance
- Bullish Engulf
- PBO
- Over 30-40% possible
Why Trade With Hit and Run Candlesticks
SPWH is up 34.26% from our members only post on May 12, 2017; Education builds confidence.
200 shares of SPWH was worth $1280.00 yesterday –
What is a Trade Idea Watch List?
A trade idea watch list 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 watch-list, we wait until price action meets our conditions for a trade.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is not 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 advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.
T-Line Held Strong for the SPY’s Rough Day
(SPY) The SPY had a troublesome start for most of the day, but the T-Line held strong for the SPY’s Rough Day. The Bulls still outnumber the Bears and the open looks modest, of course, I am writing this before the ADP numbers post And tomorrow we have jobs numbers.
Yesterday I mentioned the 23.6 Fibonacci number and while Fib lines are not a perfect indicator for trading yesterday’s low came within pennies of the 23.6 Fib line.
FREE TRADE IDEA – HTZ
HTZ Hertz Global Holdings has been in a downtrend for some time and may be ready for a Double Digit relief rally.
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Conditions and Reasons to Trade HTZ
- Pinball Setup
- Downtrend
- Double bottom
- Hammer
- Bullish Engulf
- Over 20% possible
TDOC is up 40.65% from our members only post on February 28, 2017. We are about the education.
200 shares of TDOC was worth $1750.00 yesterday –
What is a Trade Idea Watch List?
A trade idea watch list 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 watch-list, we wait until price action meets our conditions for a trade.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is not 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 advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.
A Day OF Rest For The SPY
(SPY) – Yesterday’s price action ended up being a day of rest for the SPY giving back only .21 cents. Closing yesterday above the T-Line and the 23.6% Fibonacci retracement is a clue the Bulls are still in charge.
The leading sectors are Technology, Utilities, Consumer Defense, and Healthcare. Healthcare is currently showing signs of a possible top. Price is below recent tops and the T-Line, weakness today will drop price below the Lower T-Line Band as well.
FREE TRADE IDEA – FSLR
FSLR recently broke out of the downtrend line and the 200-sma. Price has made higher highs and higher lows with a Bullish J-Hook pattern off the T-Line. Start your membership
MNKD is up 20.44% from our members only post on ApMay 23, 2017. Price action and Candlesticks rule!
2500 shares of MNKD was worth $700.00 yesterday –
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your education. Start small and learn
What is a Trade Idea Watch List?
A trade idea watch list 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 watch-list, we wait until price action meets our conditions for a trade.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is not 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 advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.
In the Past 7 Trading Days 7 Higher Lows
(SPY) – A Bullish T-Line Run and in the past 7 trading days 7 higher lows. Despite the Bearish resistance the Bull has managed to break through. The Harami candle printed on Friday may be suggesting the SPY needs a little rest and test.
Hit and Run Candlesticks overall plan are to remain bullish until we see a Candle Signal or a chart pattern breakdown. We often look at the 2 and three-day charts to peel off a little noise. On the three-day chart, we see a Bullish Engulf, double bottom, Bullish Morning Star, and a Bullish Harami. W hope that helps.
FREE TRADE IDEA – IMMU
IMMU gapped out of a Bullish “W” pattern, then broke out of the March highs on a Bullish Engulf. Consolidated as it ran the T-Line. Start your membership
VEEV is up 27.28% from out members only post on April 21, 2017. What a great T-Line Run!
100 shares of VEEV was worth $1432 Friday – Learn the T-Line from the creator of the T-Line.
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your education. Start small and learn
What is a Trade Idea Watch List?
A trade idea watch list 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 watch-list, we wait until price action meets our conditions for a trade.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is not 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 advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.
S&P500 Closing at A New High
(SPY) – The Trend is your friend is a common trader catchphrase, and with the S&P500 closing at a new high the trend is your defiantly friend. With price rising above the T-Line and above the upper T-Line Band, power is in the buyer’s favor for now. Looking at 3-day chart on the SPY it shows a double bottom Morning Star mid-April followed by a Bullish Harami with follow through. We would be concerned if the SPY fell below $239.00
Free Trade Idea – SPWR
SPWR printed a Bullish Cradle pattern early April and had been trending up ever since. Price has now closed back above the 200-SMA. SPWR could be searching for a path to about $14.00. The 2 and 3-day charts are RBB chart patterns. Set your trading plan, you do not have a trading plan – If you need or need help with a trading plan, we are here to help.
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your education. Start small and learn
Did You Get Your Share of The 77.65%?
EXTR closed yesterday up 77.65% from the January 9th post we made to our subscribers. Take a look at the Bullish T-Line Run on the 3-Day Chart. Did you get your slice of the pie?
500 shares of EXTR was worth $2050 yesterday – Learn the T-Line from the creator of the T-Line.
Planned Membership Topics For The Summer Months
- How to find the money charts
- How to enter the money charts
- How to protect for money with low risk
- How to manage the trade
- How to create profits every week
- The RBB pattern
- The Pop Out of The Box Pattern
- Using Volatility Stops for more profits.
- Continuation patterns
- Trends
- Support and Resistance
- Planning a trade for success
- Understanding Price Action
- Recorded for you to keep
Combine the 3-Month Membership Special with Coaching From Rick Saddler (Founder of Hit and Run Candlesticks and He Will Guarantee YOU Will Make Your Money Back and then some! And you get to keep all your education. Contact Rick though this link to ask questions. Contact Rick
What is a Trade Idea Watch List?
A trade idea watch list 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 watch-list, we wait until price action meets our conditions for a trade.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is not 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 advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.
Doji Close In The Resistance Zone
(SPY) – Yesterday was the fourth day for higher closes in the SPY and yesterday’s close was a Doji close in the resistance zone of recent highs. Traders around the world are wondering if the Bulls can push price out of the nearly 5-month channel.
On the daily chart yesterday’s Doji closed above the T-Line and the upper T-Line Band, the 30-minuite chart is showing a slight pull back into the caution zone of the band and a huge warning below $239.70
Free Trade Idea – SGMO
SGMO Has been trending up and broke out on May 11, 2017. Since the breakout SGMO has consolidated holding its ground at the T-Line and above the band. Yesterday’s Bullish Engulf coming off volatility support could be the clue we need to put a plan in place.
Plan your trade and trade your plan, how many times have you heard this?
Did You Know
IAC closed yesterday up 36% from the April 5th post we made to our subscribers? Did you get your slice of the pie?
100 shares on IAC was worth $2750 yesterday
With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your education. Start small and learn
What is a Trade Idea Watch List?
A trade idea watch list 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 watch-list, we wait until price action meets our conditions for a trade.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is not 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 advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.
