Bears Seizes Yesterday’s Failure To Breakout

(SPY) –  .  The Bears seizes yesterday’s failure to breakout with Bullish follow through as a chance to step into the light. On May 10, “I wrote last week’s Channel is looking to get tested. I put the top channel line about $238.80 and the bottom about $237.70”. At the moment, the morning futures are between the two numbers. Below $237.70 would put enough pressure on the SPY to test the $235.50 area, and this may not be in the best interest of the Bulls and the 2017 summers future.

A weak close today below $280.80 would drop price below our lower T-Line Band, a close below the Lower T-Line Band could start the slide to test the lower numbers and set the course for the summer.

Over the past six trading days, the VIX has drawn a Doji and Bullish Engulf pattern followed by a follow through gap, then a PBO to support creating a Bullish Inverted Head and Shoulder bottom. On the 4-hour chart, I see a PBO Morning Star signal with price and Volatility Stop support.

Yesterday before the close I announced to the trading room I was buying UVXY, I am long at $11.72. My plan today will be no new buys, just manage what I have and build on a watch-list.

FREE TRADE IDEA – TZA

TZA – If you remember, on April 27, I recommended to Hit and Run Candlesticks Inc. trading account to buy TZA. Hit and Run Candlesticks did and still owns ½.The Bullish Morning Star on the daily chart and the Bullish Engulf on the 2 & 3-day charts have pushed price to resistance, and now the consolidation could be nearing an end.

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.

The T-Line Continues to Trend Higher with a Slow Grind Price Leading

(SPY) –  The T-Line continues to trend higher with a slow grind with price leading. The Bulls keep clawing their way up the wall of worry. On the SPY’s daily chart a Bullish trend continuation J-Hook pattern is being printed. Yesterday’s candle put the last three days’ pattern in the same family as the Bullish Morning Star. You can also see this on the 2-day chart and a Bullish Engulf.

Yesterday the SPY closed at an all-time new high breaking back above our upper T-Lind Band, on the 3-day chart the SPY has closed above the upper T-Lind Band the past 6 bars. All this was made possible with the help of the 11 S&P-500 Spiders I follow closing above the previous days close.

FREE TRADE IDEA – CEMP

CEMP – Has constructed a Bullish Reverse Scoop Pattern along with a Bullish “w” pattern and a double bottom. The chart could be ready to break above the recent resistance and to our dotted Deuce. On May 2^nd we posted VRX to or subscribers, nine days later it is up 46.69%

On our trade ideas tracking list Hit and Run Candlesticks has produced five trades above 30% – 6 trades above 20% – and 19 trades between 10% and 19%.

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end to 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

BW Is Now Above the Second Layer of Resistance

BW Is now above the second layer of resistance, and the RBB chart pattern has developed well. This week I will be waiting for a clue that the buyers have finished their profit taking.

The Market

(SPY) –  The Bulls managed to close with a Doji on support. Friday was the fourth day in a sellers pullback that found support near our $238.80 support line.

With the Cyber attack, this weekend here is a few stocks to keep an eye – don’t chase. CSCO, FEYE, SYMC, CHKP, PANW, CYBR, VDSI, and HACK

SPDRS Select Sector Technology (SPY ETF) has remained strong and steady while the other nine have are undecided to weak.  Utilities and Healthcare are trying to show signs of Bullishness, let’s let them prove it first.

Learn from Charts

On April 12 we posted to the Hit and Run Candlesticks Members HDP we setting up to push higher. It’s now into the void. Congratulations to the holders of HDP your up now 22%. Remember to talk a few profit along the way.

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

Price Below the Upper T-Line Band is a Warning

(SPY) –  Price below the Upper T-Line Band is a warning, price below the Lower T-Line Band is a clue the Bears out number the Bulls. On May 11 I wrote, “ Last Weeks-Channel Looking to Get Tested  I put the top channel line about $238.80 and the bottom about $237.70.”

Yesterday the sellers were a mission to drive the price lower. However, the Bulls rallied back on a Tweezer Bottom closing the day with a Hammer at $239.38. Candlestick tip: Hammers require confirmation. Bases on the early morning numbers it looks like we are going to open inside the T-Line Bands and inside the Hammer handle.

Yesterday WAC gave an early morning entry then rallied 19%, WAC took out 2 of our targets.

FREE Trade Idea – SPWH

SPWH Has been constructing a reversal bottom for the past two months. This week SPWH broke out of a Bullish “W” pattern and Wednesday it became a Bullish Rounded Bottom Breakout. Traded and managed correctly I see a possible 20% plus trade.

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

 Price And The T-Line Still Have a Bullish Attitude

(SPY) – Price and the T-Line still have a bullish attitude; The T-Line still has a bullish lift to it and price is not applying down pressure, at least as of yesterday’s close. Keep your eye price action, watch and listen to the story it tells.

We are finding that no matter what the indices do we can find a chart (s) that finds their path to bullishness. IPXL up 17% – SEDG up 30% – TDOC is 40% – VRX up 31% – these are trades that our members have been able to trade because the are trades we had presented to them before they made their move.

FREE Trade Idea – WAC

WAC painted a Bull Kicker yesterday and stepped into the Rounded Bottom Breakout circle. I also see a Morning Star and a Doji Continuation signal on a 3-day chart.

Members Swing Trade Ideas Click Here

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.

Last Weeks-Channel Looking to Get Tested

Based on yesterday’s Bearish Engulf on the SPY chart, last week’s channel is looking to get tested. I put the top channel line about $238.80 and the bottom about $237.70. As of yesterday’s close, the bullish trend remains in tack, a close below the channel top line would put a little pressure on the Bulls and a close below the bottom line would give the Bears the advantage. The Bulls had a terrific chance to breakout but gave up, kind of makes a swing trader wonder.

FREE Trade Idea – WLH

WLH printed a Bullish Engulf yesterday breaking out of J-Hook continuation pattern. WJH is also finishing a bullish Cup and Handle pattern. This will be an easy chart to trade with a plan and the correct tools. We will talk more about the trading tools with our members.

Charts To Study For Education– KRO

KRO has trended 41% from the time we shared this trade with our members. There have been several chances to trade KRO along the way. Currently, on the 2-day chart, the Bullish Morning Star suggest the buyers still outnumber the sellers.

Members Swing Trade Ideas

10-15 Swing Trade Ideas are shared with members each day

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.

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.