Price Action, Chart Pattern, Trend, Support

Price Action, Chart Pattern, Trend, Support, and Resistance are playing nice. The close of yesterday the six most important chart indicators are working together.

Price action is making higher lows and higher highs, we have come out of a Bullish “W” pattern, currently working on a cup. A Bullish J-Hook is setting up, and I see a possible Doji continuation pattern. The T-Line is trending; price is above support with one resistance hurdle. Bar any bad news the SPY should follow the path of the QQQs.

FREE Trade Idea – LABD

LABD printed a Bullish Engulf followed by positive Bullish follow. Yesterday price closed over the 34 and 50 moving averages creating our Rounded Bottom Breakout.  Possible Bullish “W” pattern may come clear.

Charts To Study – PBI

PBI has run 17.41% after we informed our members that it was ready to produce on April 27, 2017.

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member’s area of the website.

10-15 trade ideas below –  for members only

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 30 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 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

Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.

Bulls Broke Out of the Eight-Day Channel

The Bulls broke out of the eight-day channel Friday closing the SPY at $240.20. Above the T-Line and the upper T-Line Band. It’s starting to look like the Bulls just might pop the top and make a break for it. The March 1, highs is the next challenge followed by $242.55 then $245.50.

A close below $237.70, just slightly below the Lower T-Line Band and the volatility stop would suggest the Bear is a bit larger than the Bull.

FREE Trade Idea – INAP

INAP broke out of an eleven-day channel with a Bullish Morning Star. The T-Line has dipped below the 34-EMA and now popped back up with price closing back above the Upper T-Line Band.

Charts To Study – MTOR

One January 1, 2017 we posted to our members that MTOR had a high probability of moving higher. MTOR reached a new high after breaking out then pulled back to the 34-EMA. Price then put together a Bullish Morning Star that ran the T-Line for 48 days!

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member’s area of the website.

Subscribed members

10-15 trade ideas below –  Members Login

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 30 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 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

Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.

Same Old Tight Channel It’s Been In The Past Eight Day

Yesterday was a great day for swing traders, just a boring day for the market. The SPY stayed in the same old tight channel it’s been in the past eight days. The T-Line has caught up with price and price did close over the upper T-Line band. The DIA’s and the QQQ’s also closed over the upper band. The IWM was not a player and closed below the lower band. My eyes will be on the SPY and price to see how it reacts to the job numbers today.

FREE Trade Idea – None Today

Fridays are a good to take a few profits and close out a few dogs. And to reflect on your trading. What went right and what didn’t, and why. Friday’s are also a good day focus more on education rather than trading. – Just Saying

Charts To Study – WUBA

WUBA-  Has run 35% after we recommend it for your watch list. Not only could it have been bought and held using our Volatility Stop indicator, but also the T-Line Bands and it was a Rounded Bottom Breakout!!!!

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member’s area of the website.

Subscribed members

10-15 trade ideas below –  for members only

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 30 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

Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.

Was Yesterday the Last Day of the Seven-Day Channel

Was yesterday the last day of the seven-day channel? Without true price follow through we can’t be 100% sure, but yes I think we are getting close. Yesterday’s lower low and Doji close in the channel was the market’s way of shaking off the dust. The morning futures are up, and the BULLS will attempt to close above $238.50. IF THEY FAIL, IT COULD TURN OUT TO BE A  BEARISH STORY.For now, the weekly SPY chart has painted a BULLISH Doji Continuation pattern.

For now, the weekly SPY chart has painted a BULLISH Doji Continuation pattern. The bottom line is the BUYERS and SELLERS are still squabbling over who gets the ball. Bullish follow through would paint a bigger picture BULLISH chart pattern.

FREE Trade Idea – IPI

IPI – (Bullish Harami 3-day chart) (Bullish Piercing candle 2-day chart) (Bullish Morning Star pattern daily chart)

IPI Story – has been in a bottoming construction pattern since January 2017. IPI has turned the $1.65 resistance into support. Watch for the breakout of the descending triangle.

This book provides a framework for the J-Hook pattern. The framework will help you to recognize the pattern and give you a trade plan for each pattern so that you can build confidence in trading them.

When starting out with new trading strategies it is best to stick with a basic approach. Once you have mastered the basics, then you can feel free to modify your approach based on your experiences. There is no one way of trading. Period! We all have to start with a framework and a basis to develop a disciplined trading approach and then build from there. That is what this book provides

Charts to Learn From – RRD

RRD-  Where can you have the opportunity for a 20% pop on your money in just a day or two? Answer – Right here at Hit and Run Candlesticks. We teach what to look for in a trade set up like the one in RRD. The double bottom, Bullish “w” pattern breakout, the run with a flag pull back, three days of a possible enter. We posted RRD to our members on May 4^th and on May 5^th it popped 20% with a 13.42 close.

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member’s area of the website.

Subscribed members

10-15 trade ideas below –  for members only

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 30 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 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

Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.

The SPY has Traded Narrowly for the Past Six Days

Traders are on the edge of their seats waiting for the trading range to break one way or another. The SPY has traded narrowly for the past six days. In that six days, price has formed a Shooting Star and a Bearish Engulf wich suggests price should be under more pressure than it appears to be.

Looking at the big picture the SPY has broken out of a Bullish "W" pattern and is now consolidating. Below $237.81 $236.50 should be tested with the p[ossiblility of $235.25. Above $239.00 and the Bulls should be able to run higher.

With the likes of Apple and Facebook reporting plus the FOMC report surely this range will break one way or the other.

FREE Trade Idea - LVLT

LVLT– Broken out of the January highs and a Bullish “W” pattern. Rallied with a T-Line Run, yesterday the Bulls made good use of the Bullish Flag.

Charts to Learn From – MKSI

MKSI-  On April 20, 17 we posted to our subscribers that MKSI had a Bullish look. Price has pretty much consolidated the past three months. Then presented us with a double bottom. A breakout over $70.00 would send MKSI into the $80.00 range. Currently, MKSI is up 16.60% from our post. Using a stop of about $77.75 and a breakout of $80.50 MKSI could see another run.

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member's area of the website.

Subscribed members

10-15 trade ideas below -  for members only

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 30 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 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

Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.

The QQQ’s rides High T-Line

The QQQ’s rides High T-Line while it’s market buddies are either resting on the high line or hiding underneath it.  Despite pretty good earnings the political environment seems to be holding the market back. Some of what the market is facing; Earings, Unemployment numbers, FOMC meeting, France vote, Tax reform and a nut case with rocket, just to name a few.

I think I will stick to the charts, and ask myself what is price doing? What does the shape of the candle or candles suggest, where are resistance and support. 2 big no-no’s I will remind myself is no predicting and no watching the hard right edge.

FREE Trade Idea – TRVN

TRVN– Has printed a Bullish Morning Star after an 18-day base. TVRN is also a 4-hour Rounded Bottom Breakout.

Charts to Learn From – CMRE

CMRE -  Is up 25.50%  from when we suggest to our subscriber that it might be a chart you look at.  A Rounded Bottom Breakout that has now closed over the Daily 200 period moving average.

Do you think the trade has more to go? What chart pattern is CMRE forming on the daily chart? How about the 2,3,4,5-day charts?

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member's area of the website.

Subscribed members

10-15 trade ideas below -  for members only

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 30 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 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

Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.

Friday’s Bearish Engulf Suggest a Lower Low Today

Last week the price gods created a Bearish Shooting Star and a bearish Engulf at resistance in the SPY chart. Price on the 60-min chart has dropped below our volatility lines. The T-Line has broken down through the 34-EMA in the 30-min chart.

I believe we are likely to see a bit more downside before a meaningful rally. I see an 85% chance price reaches $237.10 and a 75% chance we see a test of the 50-SMA.

We have opened the trading room to the public for both Hit and Run Candlesticks and Right Way Options From Ma1 through May 7, 2017. We kick off the mornings with Coach Steve Risner at 8:30  followed by Charts with Rick 2 9:10. Open session 9:30 -11:00 followed by Right Way Options from 11:00 to 1:00.

FREE Trading Room From May 1 through May 7, 2017 – NO Password Required Login Link: Trading Room Login Here

FREE Trade Idea – TZA

TZA – TZA has formed a Bullish Morning Stra on the daily chart and a Bullish Engulf on a 2-day chart. I am looking for a short term swing trade.

Charts to Learn From – MKSI

MKSI –  Ran 14.07% after we posted it to our members that we thought it was a strong buy after it formed a Bullish Scoop pattern and price closed above our upper T-Line Band.

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member’s area of the website.

Subscribed members

10-15 trade ideas below –  for members only

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 30 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 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

Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.

Select Spider XLY Leads the past Ten Days

Select Spider XLY Leads the past Ten Days followed by XLB then XLI. Consumer Discretionary ETF (XLY) was the big leader this past ten days. Price reversed from below the lower T-Line Band on April 17, then broke out of the upper T-Line Band on April 20. A beautiful T-Line Run. The top 5 stocks were, (BCR 22.82%) – (LRCX 17.44%) – (EW 16.30%) – (XLNX 15.66%) – (MAS 12.57%)

My Friday To-Do List

• Take Profits
• Close losers
• Study this week's trades
• What worked this week
• What didn’t work this week
• How to improve stock picks
• How to improve entries
• How to improve profits
• Study one of my eBooks
• Clean up desk and office
• Hug someone and play with my dog

FREE Trade Idea

No trade idea today

Charts to Learn From

HRC past stock picks -  Take some time and study this week's trade idea,

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member's area of the website.

Subscribed members

10-15 trade ideas below -  for members only

From HRC members trade idea watchlist that meet the T-Line Band bullish rules.

What is a Trade Idea Watch List?

A Bearish Shooting Star Close – Below 238.40 Watch the Bear

In my morning traders notes April 26, “I wrote Below $238.40 today could be the profit taking trigger”.  A Bearish Shooting Star Close – Below 238.40 Watch the Bear. Yesterday’s close painted a Bearish Shooting Star, which closed at $238.40. I am looking at an active 2-hour chart and see Tweezer Top; a Tweezer Top is suggesting the Buyers are weakening. Let’s keep our eye on price and how it reacts with the T-Line and the $236.95 area.

Good Trading – Rick

FREE Trade Idea – FIT

FIT – The Bullish Engulf on April 17^th confirmed a double bottom; the J-Hook pattern has now pushed FIT into our Rounded Bottom Breakout Strategy – We love this strategy.

Charts to Learn From – SPPI

SPPI –  Following our post to the HRC subscribers on January 1, SPPI has rallied 67.30%. January 1st – to – January 1oth SPPI “Rounded Bottom Breakout Strategy Pattern.” January 11^th to yesterday’s close was a continuation with multiple entry points.

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member's area of the website.

Subscribed members

10-15 trade ideas below -  for members only

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 30 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 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

Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.

Bulls Price Trend Working Together

We all love the market when the Bulls, price, and the trend are working together. For the swing trader, this is a dream come true.

The SPY has closed over the top t-line once again on the daily chart following the France vote and strong earnings. Yesterday’s candle pulled back slightly at the end of the day after walking into resistance. The hourly chart may be suggesting a little profit taking could be just around the corner. Below $238.40 today could be the profit taking trigger.

FREE Trade Idea – TWLO

TWLO 2-day chart – April 7 a Bullish Harami was printed creating a double bottom below the t-line bands. Follow through pushed price over the top t-line band and put the chart into a Rounded Bottom Breakout.

Note we bought TWLO yesterday.

Charts to Learn From – WYNN

WYNN –  Following our post to the HRC members in the trading room WYNN has rallied on a T-Line Run with only minor passes. We sold WYNN yesterday for a 29.88%

Members Swing Trade Ideas

We post to HRC members 10-15 swing trade ideas each day and post them in the member’s area of the website.

Subscribed members

10-15 trade ideas below –  for members only

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 30 days for example.

From that watchlist, we wait until price action meets our conditions for a trade.