Bullish Morning Star Close Yesterday
NTNX – Presented us with a Bullish Morning Star at the close yesterday and a Bullish T-Line Run. NTNX has broken out of resistance and has tested support. The 34-EMA is trending higher and is close to making an all-time new high; the T-Line has already made an all-time new high.
At 9:10 AM ET. We will talk about the technical properties of NTNX with target zones, a couple of logical entries and a protective stop. We will also be showing our trade plan with risk/reward and expected profits.
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► Must Read Trade Update (TWNK)
On November 27, we shared and covered in detail the technical properties of TWNK in the Trading Room, Yesterday the profits were about 11.75% or $151.00, with 100 shares. TWNK has been in a Rounded Bottom Breakout pattern, with the Bullish Engulf close yesterday TWNK may be ready to challenge the 200-SMA
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► Eyes On The Market
The pullback in the SPY has reached the T-Line as expected. Now, what will the BULLS do with it? Yesterday made a new low to the T-Line then closed above the T-Line with a little Doji/Spinning To candle. The Volatility Stops helped price with support along with declining volume. With positive price action and a little candle stacking the Bulls can continue the bullish course. Selling below the T-Line would suggest a test of the December low $260.76.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Learn how and what we trade: The T-Line • T-Line Bands • Chart Patterns • Support • Resistance • Patterns • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops
Investing and Trading involves 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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Technical Problems Today
Technical Difficulties– Due to technical problems today we will not have any trade ideas posted today.
At 9:10 AM ET. We will talk about the technical properties of a few charts with target zones, a couple of logical entries and a protective stop. We will also be showing our trade plan with risk/reward and money expected.
►Website Orientation
On December 5, Right Way Options (Doug Campbell) created a Website Orientation video – Video Replay
► Must Read Trade Update (DEPO)
On November 9, we shared and covered in detail the technical properties of DEPO in the Trading Room, Yesterday the profits were about 38% or $216.00, with 100 shares. DEPO broke into a Rounded Bottom Breakout pattern and has been a Bullish T-Line Run ever since.
► Eyes On The Market
Even with a couple of candles that belong to the sellers, the SPY has not given up the bullish trend, below $260.70 would be a different story. The jobs report, and the outcome of the tax bill could have an impact on the market.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Learn how and what we trade: The T-Line • T-Line Bands • Chart Patterns • Support • Resistance • Patterns • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops
Investing and Trading involves 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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Consolidation May Be Ending
DISH – The month-long consolidation may be ending with the Bullish Morning Star yesterday. Yesterday’s Morning Start and the month-long consolidation is also above the $49.00 support line. DISH became an (RBB) setup on the 29th and may be ready to take the next step into the $54 plus area.
At 9:10 AM ET. We will talk about the technical properties of DISH with target zones, a couple of logical entries and a protective stop. We will also be showing our trade plan with risk/reward and money expected.
Good Trading – Hit and Run Candlesticks
► Must Read Trade Update (LB)
On October 9, we shared and covered in detail the technical properties of LB in the Trading Room, Yesterday the profits were about 33% or $1400.00, with 100 shares. LB broke out of a Rounded Bottom Breakout strategy using the 200-SMA as support and pushed it’s self-higher.
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► Eyes On The Market
The Bearish Engulf yesterday in the SPY will likely cause a test of the T-Line today or tomorrow. As long as the Bulls can keep the trend intact, they will be ok, but it the bears can close price below $260.75 the bullish trend could be in jeopardy. The Bears found the QQQ’s and pinched them with a Doji Hanging Man with follow through. Price has now closed below the lower T-Line Band and the Volatility Lines. For the QQQ’3 the 50-SMA is looking pretty tasty.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Learn how and what we trade: The T-Line • T-Line Bands • Chart Patterns • Support • Resistance • Patterns • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops
Investing and Trading involves 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.
PBO Flag Found A New Friend
CYCC – The Rounded Bottom and the PBO Flag found a new friend, “the Morning Star.” Excellent support with price, the big three moving averages and price support. A little volume kicked in Friday, and after $2.25 there’s a nice little gap that could reward in a good way.
Good Trading – Hit and Run Candlesticks
► Must Read Trade Update (NTNX)
On October 16 we shared and covered in detail the technical properties of NTNX in the Trading Room, Friday the profits were about 35.5% or $945.00, with 100 shares. NTNX has been a T-Line run and continued to make higher highs and higher lows.
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► Eyes On The Market
Can you believe this marker? I saw the DOW up over 200 points. At the close Friday the Bulls had come back strong, and with the TAX Bill this weekend the Bulls must be throwing a party. Today and this week it will be more important than ever to keep an eye on price. We don’t want the price to sneak across some line we don’t want it to. The trend is you, friend; friends do turn on each other on the playground.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Learn how and what we trade: The T-Line • T-Line Bands • Support • Resistance • Patterns • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops
Investing and Trading involves 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.
Charts Have Been Mean And Green
Wow, what a great week this has been, the charts have been mean and GREEN, and we love GREEN. Hey, thanks to all the members for posting and sharing the great charts. I see the morning futures are a looking a bit weak this morning, let’s keep our eye on the ball and the trend, using a couple of support and resistant lines can make all the difference in the world.
The DC politics is something I dislike, but we have to keep our eyes and ears open on whats going on and trade the charts based on the charts, not hopes and dreams.
►NewsFrom Our Team
Trader Vission 2020.2 is nearly ready to be launched; the testers have been testing it for about two months now. We are extremely confident that Trader Vission is a must-have tool for the trader that wants the next level of success.
How to save your membership cost – This project will be ready before Christmass, and one of the benefits is it will pay for all your membership cost or at least the largest portion. It is very important to the HRC/RWO team that you receive quality at the very best possible price.
►Sample • Members Recent Big Winners
EGLT 16.8% • WIN 28.9% • HOV 24.45% • ZUMZ 30% • URBN 21.20% • ARNA 21.5
► Eyes On The Market
In the past 11 bars, the SPY has gone from below the Lower T-Line and with a Bullish Morning Star price ran nearly 3.8%. All of our moving trend lines are still bullish. Price has gotten a bit overzealous and extended. I believe we are very close to seeing a little correction or at least price needs to be taken down a notch or two.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involves 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.
Gap Back In October and Consolidated
RIGL – Gapped back in October and had consolidated for the past two months. The 34-EMA has caught up with the price. A few days ago price popped and is now seeing a little profit taking. The weekly chart shows good strong support and a Bullish Morning Star signal. You can also see the Bullish “W” pattern. I see a leg or 2 putting price around $7.00 with plenty of swing zones in between.
Good Trading – Hit and Run Candlesticks
► Must Read • Trade Update (VIAB)
On November 20 we shared and covered in detail the technical properties of VIAB in the Trading Room, Yesterday the profits were about 8.7% or $227.00, with 100 shares. VIAB broke of a Bullish J-Hook continuation pattern within a Rounded Bottom Breakout setup.
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► Eyes On The Market
I had a few concerns going into the close yesterday with the QQQ’s and SMA getting crushed, and I am still very concerned. This morning the futures a bit positive and the Transports (IYT) smacked the cover off the ball yesterday. Overall I am still Bullish because the price of the SPY, IYT, and DIA are still trending above the T-Lines. Following price on the 1, 2, and three-day charts and how price interacts with all 3 of the T-Lines has had a positive impact on myself and the members of Hit and Run Candlesticks and Right Way Options.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Learn how and what we trade: The T-Line • T-Line Bands • Support • Resistance • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops
Investing and Trading involves 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.
Exploded With Price Action
MTRX – Challenged the September 27 high with an inside Pop Out O the Box pattern then exploded with price action. After a few days of consolidation and support, the current price action may now be ready for the next leg. Yesterday’s candle opened even with the previous days close and closed above the previous days open. The T-Lines and the 34-EMA have been trending very well. We love to see the candles stack.
Good Trading – Hit and Run Candlesticks
► Members’ Trade Idea Update (CAKE)
On October 18 we shared and covered in detail the technical properties of CAKE, today the profits would be about 9% or $396.00, with 100 shares. CAKE broke through the Dotted Duece yesterday in a Rounded Bottom Breakout pattern/strategy.
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► Eyes On The Market
(SPY) No stinking missile is gonna mess with this market! The SPY • S&P500 closed at another new high. The SPY broke out from a Pop Out Of the Box patterns as it held above the T-Lines. Every day we have given me opportunities to trade great looking charts, it’s how we manage them that matters. As long as the bull keeps serving up perfectly cooked steaks, we’ll keep eating well.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involves 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.
Learn how and what we trade: The T-Line • T-Line Bands • Support • Resistance • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops
Fifth Bar At The Support Level
VIAB – Yesterday was the fifth bar at the $25.16 (ish) support level. After strong a run up the consolidation is taking place with a flag forming. This chart pattern is also what we call a [PBO] Pull Back Opportunity. Price rises, and then minor profit takes place when the buyers start to step in this a PBO. Be aware of recent price action, support, and resistance, and profit opportunities.
30-Days in the Trading Room could be a game changer for you.
Good Trading – Hit and Run Candlesticks
► Members’ Trade Idea Update (ZYNE)
On October 3 we shared and went over the technical properties of ZYNE, today the profits would be about 56% or $492.00, with 100 shares.
Learn how and what we trade: The T-Line • T-Line Bands • Support • Resistance • Buy Box • Volatility Stops • Price
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Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops.
► Eyes On The Market
(SPY) The battle between the buyers and sellers was pretty much even yesterday, The candle action of yesterday was the [Doji Indecision thing]. Price above the T-Line and the High T-Line says the sellers did not have enough juice yesterday. As of yesterday below $258.40 would suggest the sellers are mounting an attack on the buyers. IWM felt the seller’s bit yesterday, below $147.90 would give the sellers a little juice.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involves 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.
Bulls Found A Way Out
RYAM – The Bulls finally found a way out by closing over the May 30 high with a huge bullish surged on big volume. With two days of rest, it may be time to add RYAN to the featured trade idea hot list. RYAN is a basic breakout PBO set up. I will explain more about the RYAM chart in the trading room before the market opens
Good Trading – Hit and Run Candlesticks
► Members’ Trade Idea Update (AZO)
On August 31 we shared and went over the technical properties of AZO, today the profits would be about 19.54% or $10,345.00, with 100 shares.
If you are interested in learning how to end the week with a profit that could change your life simply start a membership and learn what we have to share. – 30-Day Trial
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► Eyes On The Market
(SPY) The T-Line is higher than the T-Line 20-days ago; the 34-EMA is higher than the 34-EMA 20-days ago, same with the 50-SMA. Price action is above the T-Line and the upper T-Line Band. The simple conclusion here is the trend is intact, and the sellers can’t seem to find a crack.
Rick’s trade ideas for the day – MEMBERS ONLY
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involves 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.
