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.

The SPY is Painting a Bullish W Pattern on the 3-Day Chart

With the help of the French election the SPY is painting a Bullish W Pattern (clearly seen on the 3-day chart), follow through is needed. Yesterday price also closed over the 50-SMA and the upper T-Line Band. And the closing price $237.17 in also back above the cloud.

The battle is not over; A bull-Bear winner has not stepped forward.

FREE Trade Idea – SEDG

SEDG – A Rounded Bottom Breakout Strategy, broke out above the 200-SMA setting up for a Bullish J-Hook Breakout. 3-day chart pictures a beautiful Morning Star that launch price back above the upper T-Line Band.

Charts to Learn From – IMGN

IMGN –  Following my post to our subscribers that IMGN was likely to move higher in the coming weeks, it moved 97% higher and is now showing signs of even moving higher from its current breakout. Note the Doji Continuation Pattern

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

Members Trade Ideas Below

Members trade ideas below reserved for subscribed members

Scanned from Tc2000  |  10-15 trade ideas daily

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.

© 2007 – 2017 Hit & Run Candlesticks INC. – Right Way Options – Strategic Swing Trade Service – Trader Vision – All Rights Reserved. Terms of Service Investing and Trading involves significant financial risk and is not suitable for everyone. No communication from Rick Saddler, Doug

At Friday’s Close the Bears Lead

At Friday’s close, the Bears lead with the SPY closing below the 50-SMA and the T-Line below the 34-EMA.

The French election will likely dominate the market today and cause both the Bulls and Bears to flex their mussels, as you can see in the morning futures. The key will be the close as emotions calm down.  The first step is to see a close over the 50-SMA followed by a close over $236.50 then $237.55.

Keep your eyes on the charts; they will tell the story as it unfolds.

Due to technical issues, I could not finish the morning report.

Rick

Closing Above Upper T-Line Band Implies More Bulls Than Bears

Price closed above yesterday’s upper T-Line Band and just below the 50-sma @ $235.54. Closing above the upper T-Line Band implies more Bulls than Bears. From the April 13, low the Bulls have worked up 1.22%. Looking at the weekly chart, I see a Bullish Pricing candle followed by three inside candles and higher lows. $235.10 was an important number for the bulls, $236.50 followed by$237.80 will also be important for the Bulls to grab.

FREE Trade Idea – IPXL

IPXL – A Rounded Bottom Breakout Strategy, Bullish Inverted Head and Shoulder, PBO Bullish Morning Star, Support.

Spotlight Trade – IMGN

IMGN is up 101.44% from the time we alerted our subscribers, as a trader can you find the chart patterns and signals that could have worked for you? Start with the HRC – (RBB) Rounded Bottom Breakout.

HRC – (RBB) Rounded Bottom Breakout

NEW YORK (TheStreet) — One of my favorite chart patterns is called the rounded bottom breakout pattern. The pattern was introduced to me by candlestick analyst Rick Saddler, who also coined the term “rounded-bottom breakout.” Rick also defined the criteria for the breakout. Once you know what to look for, it is very easy to spot and can be entered into any chart software scanner.

In order to find such a pattern in your charts, plot them with the 20-day simple moving average, the 34-day exponential moving average, 50-day simple moving average and the 200-day simple moving average.
Once you have these moving averages on your chart, the breakout is very easy to spot. I also plot the 8-day exponential moving average or t-line.
The t-line isn’t needed to spot the breakout, but it is useful in choosing an exit point once you are in 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

Members Trade Ideas Below

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.

Members trade ideas below reserved for subscribed members

Scanned from Tc2000  |  10-15 trade ideas daily

© 2007 – 2017 Hit & Run Candlesticks INC. – Right Way Options – Strategic Swing Trade Service – Trader Vision – All Rights Reserved. Terms of Service Investing and Trading involves significant financial risk and is not suitable for everyone. No communication from Rick Saddler, Doug Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.

Both T-Line bands below the 50-sma with a Bearish Engulf

From a Bull’s Eye – SPY:

Both T-Line bands below the 50-sma with a Bearish Engulf, this is just another tell-tell sign the bears outnumber the Bulls. The SPY closed down .43 cents or .18% at $233.44, and the most recent low is $232.51

One of the factors in the SPY (market) being weak yesterday may have been because of oil dropping. USO – United States Oil Fund fell through its 200-sma on heavy volume after learning what resistance is all about at $11.26. Based on the USO chart I see price heading to about $10.25 and possibly lower.

FREE Trade Idea – ADHD

ADHD – A Rounded Bottom Breakout Strategy, that pulled back to a higher low with a Doji and a Hammer. Closed yesterday back over the RBB trigger. The past 6 days also formed a Bullish Rising pattern.

Spotlight Trade – X (short)

X has dropped 12.93% from the time we mentioned it to our members as a possible short trade idea.  After we had posted X as a short trade, it traded back up to the upper T-Line Band where failed and broke below the lower band. Where it now sits on the 200-sma. The X short trade is a perfect example of the Blue Ice Failure and the Bearish “h” pattern

Blue Ice Failure Pattern

Imagine someone falling through the ice, then trying to come back up to the hole they plunged through. On their way up, they bump up against the ice and then fall back down again. This is the analogy behind the Blue Ice Failure Pattern (a term coined by David Elliott).

In stock charting terminology, the Blue Ice is the blue colored 50-day simple moving average (50 SMA) and price is the subject taking the plunge. More specifically, price is falling, it approaches the 50 SMA and plunges down through it. Price finds support after the plunge and starts to rally toward the 50 SMA. Price reaches the 50 SMA area and tries to break up through it but bumps up against it and then falls back down again.

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

Members Trade Ideas Below

Members trade ideas below reserved for subscribed members

Scanned from Tc2000  |  10-15 trade ideas daily

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 30 days for example.

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

© 2007 – 2017 Hit & Run Candlesticks INC. – Right Way Options – Strategic Swing Trade Service – Trader Vision – All Rights Reserved. Terms of Service Investing and Trading involves significant financial risk and is not suitable for everyone. No communication from Rick Saddler, Doug Campbell or this website is not financial or trading advice. All information is intended for Educational Purposes Only.