Yesterday’s Doji Represents the Indecision We All Have

From a Bull’s Eye – SPY:

The price action of the Doji Yesterday Represents the Indecision we all have in this market lately.

An inside day Doji was painted yesterday on the SPY chart closed down .70 cents or .30%. For the most part, nothing changed. Our moving average intraday strategy suggests the Bear is ahead of the Bull. Our moving average strategy includes the T-Line, 34-ema, and 50-sma 200-SMA and the Dotted Deuce.

Resistance can become support; current near-term resistance is $235.25 and $236.45

FREE Trade Idea – SABR

SABR – A Rounded Bottom Breakout Strategy painted a Doji on Monday and a Bullish Engulf on Tuesday. You see more information on our Trader Vission Trade Plan. Plan your trade for success and trade your plan.

Spotlight Trade – SSYS

SSYS has risen 12.65% from the time we mentioned it to our members as a possible trade idea.  Candlestick patterns, chart patterns, price action support and resistance and simple logic, is what we look for in a chart.

(RBB) Rounded Bottom Breakout

Although we’ve discussed Dragonfly and Gravestone doji in the past, we never got around to explaining the simplest of all candlestick patterns: the basic doji, sometimes referred to as a “Doji Star.” The doji candlestick pattern is formed with one candlestick, and it is incredibly common. Although there are several different types of doji (such as the Gravestone, the Dragonfly, and the Long-Legged), which we will describe briefly, today we’re focusing on the classic, original doji. To learn how to identify this informative candlestick pattern and interpret its presence, simply scroll down. Learn More About the Doji

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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.
© 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.

Confused about which way to Trade Today?

From a Bull’s Eye – SPY:

Are you confused about which way to trade today or the market direction?  Are politics and unknown world events confusing you about trading day-to-day?  What do I do when the market is week and yesterday’s price action shows strength.

The simple answer is just to look at the charts.  So let’s take a look at the SPY chart, yesterday’s open was above the previous low and yesterday closed was above the previous candle and high.  At the end of the day, the SBY closed up $2.06 or .89%  that’s a good sign for the Bulls at least for that day.

As as a swing trader was looking for price to swing higher, therefore, we must be concerned about resistance and what lies overhead.  For example on the daily chart price has moved below the 50-day simple moving average and has not crossed back above it.  Also, the T-Line is below the 34 exponential moving average on the daily chart.  Starting with the March 1 close, you can see the down resistance line pointing out the failed highs. Three intraday charts that I watch closely in times of confusion is the 30-minute, 60-minutes, and 2-hour charts.  On all three the SPY has moved below the 200-period moving average.

All the above factors are what I would take into consideration when looking at the SPY chart.  In my humble opinion price can certainly go higher but the BULLS must get through the resistant hurdles mentioned above.

My conclusion is simply to wait for confirmation.

FREE Trade Idea – BANC

BANC has recently moved over the 200-period M/A and above the left shoulder of a Head and Shoulder pattern. Price has broke out of the most recent consolidation and showing signs of bullish movement.

Spotlight Trade – SHLD

SHLD has risen 53.77% from the time we mentioned it to our members as a possible trade idea.  Candlestick patterns, chart patterns, price action support and resistance and simple logic, is what we look for in a chart.

(RBB) Rounded Bottom Breakout

The Rounded Bottom Breakout (RBB) is a pattern that Rick Saddler, founder of Hit & Run Candlesticks, recognized and named for its rounded bottom appearance on the daily chart. In many cases, it looks like the letter “U” with a flat bottom. This is because price drops down during the downtrend, it then rests or stops dropping for awhile and then it starts to move up.

The Rounded Bottom Breakout (RBB) is a great chart pattern that signifies that a downtrend has ended and an uptrend is beginning. Traders call this a “trend reversal” pattern. So, the RBB is a type of trend reversal pattern. There is no guarantee that this or any other pattern works every single time, but as you learn how the pattern develops, you can understand why the odds are stacked for a downtrend reversal.

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

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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 time.  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.

The Bears Continue to Outnumber the Bulls

The Bears continue to outnumber the Bulls yet another day. Yesterday’s Harami candle gave no help to Tuesdays Hammer causing price to close below the 50-sma (daily chart)

In the Hit and Run Candlesticks Trading Room, I have spoken several times about the 60-min chart and that price is below the 200-sma. Yesterday the Bears were able to close price below the 200-sma on the 2-hour chart. A few banks report today, and weak reports will likely drop price into the 4-hour 200-FWL (our dotted deuce line)

Bottom line here the SPY (SP-500) and all its friends are looking pretty sad; there is a lot of weight put on the banks reporting today.

FREE Trade Idea – Today is the last trading day of the week –  No trade idea offered today.

Use today as a day to take profits and count your money. Use today to reflect on your trading this past week then take your dog for a walk.

Spotlight Trade – CVI (Short)

CVI –  Has fallen 12.25% since we posted the trade to our subscribers. CVI printed a Bearish candlestick top followed by a Blue Ice Failure. Yesterday price closed on the 200-sma, and the chart still looks like price may drop further.

Blue Ice Failure Pattern Basics

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

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**No trade ideas today

© 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.

Yesterday’s Hammer could be a game changer with Bullish follow through

From a Bull’s Eye – SPY:

Yesterday’s Hammer could be a game changer with Bullish follow through. The price fell to our lower horizontal support line marker, a combination of Candlestick price action and the (VSTOP) indicator we have on a chart. The before the close price rallied back to close above the 34-EMA which formed a Hammer Candle Signal.

A run to $237.85 would not be a surprise, and we could even see a $237.85 breakout that would be a strong bullish sign – BUT everything needs to work out.

The Bears need to step aside, and the Bulls need to take on and beat the $237.85 resistance line.

FREE Trade Idea – SSI

Daily Chart – Double bottom, Rounded Bottom Breakout (RBB) followed by a PBO flag and a bullish Morning Star signal. On the three day chart, I see a Bullish Engulf, with follow through and holding above support.

You can see more detail and our complete trade plan for NAT in the member’s area of our website.

Spotlight Trade – BLDP

BLDP –  Has climbed higher (22.55%) since our members trade ideas on April 5,

The Bullish trend leads to a minor pull back that gave us a bullish Engulf buy alert which leads to a breakout and a members trade idea.

Bullish Morning Star

If you’ve ever wished upon a star, I hope that that star was a Morning Star candlestick pattern. Unlike the Evening Star, an omen that hints at bad things to come (i.e., low stock prices), the Morning Star is a sign of good fortune. If you spot this bullish reversal signal, which is composed of three candles, you can expect stock prices to increase. Although the bears have been in control, the bulls are ready and able to take over. To learn how to spot the Morning Star signal, how to decipher its characteristics, and how to interpret its meaning, just Click Here 

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

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WPRT© 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.

Do you see Two Bearish patterns forming  

From a bull’s eye SPY:

Do you see Two Bearish patterns forming in the SPY? The Bearish “M” pattern has lead to a Bearish “h” pattern trying to form. The hourly chart also remains below the 200-sma. Below $233.30 could set the Bear in motion to test the recent low of $231.60

The Bull view – From the March low the SPY rallied to a high and has bee consolidation above its 50-sma, a close above $236.30 would suggest a possible test of the “M” pattern highs.

I suspect the market is waiting on Thursday’s bank earnings reports.

FREE Trade Idea – NAT

Daily Chart – Rounded Bottom Breakout (RBB) with three higher lows and a bullish “W” pattern you can see on the 3-day chart. I see a 20% potential trade on NAT.

You can see more detail and our complete trade plan for NAT in the member’s area of our website.

Spotlight Trade – JAZZ

JAZZ –  Has traveled over 40% from our post to members on January 3.  Hit and Run Candlesticks informed members that JAZZ was an (RBB) Rounded Bottom Breakout pattern and had the potential of reaching new highs. The (RBB) Rounded Bottom Breakout pattern is a favorite of both members and myself.

What Other Traders Say

“Having been a full-time trader, I traded many different prices and technical indicator patterns over the years. If I were asked to choose just one pattern to trade the rest of my life, I would choose the Rounded Bottom (RBB) pattern without hesitation. It is the hands down winner in my trading arsenal for achieving profits on a regular basis. The pattern is easy to scan for, simple to learn, and provides an entire trading plan in the set-up from entry, stop-loss and price target. I often say, “RBB Rules,” and it truly does in my P&L (Profit & Loss) tracking. I would encourage both novice and experienced traders to learn this valuable set-up.”

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

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© 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 should is not financial or trading advice. All information is intended for Educational Purposes Only.

A Doji Close – Indecision for the Day and no Chart Direction

From a Bull’s Eye SPY:

Friday’s Doji close was a day of indecision, and you can see from the 2, 3, 4, and 5-day charts you have the same Doji indecision. Even out to the monthly chart there are Doji candles. What all this means; is no direction, no decisiveness, bulls, and bears hoping the other leaves the game.

Banking stocks report this week, KBW, KBE, and FAS are currently trending down with the T-Line below the 34-ema. These 3 ETF charts KBW, KBE, and FAS could help with determining how and what you trade in the next few weeks.

FREE Trade Idea – IPXL

Daily Chart – The Bullish J-Hook pattern within the HRC (RBB) strategy broke out Friday suggesting more upside. For a possible 50% profit plus in more than one swing.

IPXL Trade Details on the members Trade Ideas Page.

Today we have10+ trade ideas located on the each day.

HRC Member Benifits>| Change your trading forever and reach your goals

Spotlight Trade – AKRX

AKRX –  Popped 18% Friday coming out of the J-Hook continuation pattern and AKRX is up 34.83% after we posted it to our members on February 28. Please take a min and look at the chart – Could you have picked up 1 or 2 of those swings?

After breaking out into an HRC (RBB) pattern, AXRX gave us a Belt Hold, a couple of breakouts and a Bullish J-Jook pattern.

Bullish J-Hook Pattern

Spotting the J-Hook pattern is easy because it looks like the letter “J.” This pattern is part of up-trending price action that takes a little dip before resuming the trend. The key is to look for three or four candlesticks that have lower highs because this may be the beginning of the J-Hook pattern. Then the price will stop moving down and start moving sideways. The lows of the candlesticks in this part of the J-Hook pattern stay in the same range. You can draw a box around the candlesticks that form the bottom of the J-Hook. Price then starts to move higher and breaks up and out of the sideways price action. Read More.

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates IS NOT financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service

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© 2007 – 2017 Hit & Run Candlesticks – 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.

The Feds Through a Spanking on the Market

From a Bull’s Eye

The Feds through a spanking on the market when they said they had 4.5 trillion to unwind from the balance sheet.
SPY lost about 1.06% top to bottom – IWM lost about 2.42% about top to bottom, LOL that woke a few people up yesterday. For some time now we have been warning our member’s not to get too long and blind to the bear. These charts have been giving warning signs and clues, we have faith and trust our chart indicators, in fact, we trust them so much we have been holding TZA and UVXW for a few days now. Let’s take the SPY one step at a time – SPY $233.20

FREE Trade Idea – DK

Daily Chart – The chart has created a bearish “h” pattern and a Blue Ice Failure. The pattern developed after the Bears had their way with a Bearish Engulf and a double top. Price has pulled the T-Line below the 34-ema, the 50-sma is next.
Trader’s Tip – Look at the 3-Day chart, and you can see that the bears are not allowing the Bulls to get through the 200-sma
Today we have 10+ trade ideas located on the members trade ideas page each day.

Today we have 9 more members trade ideas located on the members trade ideas page.

Spotlight Trade – BOFI (short)

BOFI (short) –  Closed lower yesterday pushing the gain to 19.98%. The trade started after HRC posted the short trade to the members.  BOIF was a failing chart and then begun to draw a Bearish “h” Patten. Price crawled up a bit and then rolled south, broke through our dotted deuce and headed to the 200-sma. Note the

Bearish “h” (Uptrend Reversal) Pattern Basics

The Bearish “h” pattern looks like the letter “h” and is considered an uptrend reversal pattern. It forms as part of down trending price action. You might say that this is the upside down version of the Bullish J-Hook pattern. As price pulls back from a swing high, the key is to look for a brief rally with three or four candlesticks that have higher highs because this may be part of the Bearish “h” pattern. After this, price stops moving up and start moving sideways.

The highs of the candlesticks in this part of the “h” pattern stay in the same price range. You can literally draw a box around the candlesticks that form the top of the Bearish “h” pattern. Price then starts to move lower and breaks down and out of the sideways price action. Price continues lower and breaks down below the low at the start of the pattern. This breakdown confirms the Bearish “h” pattern and signals a shorting opportunity. The downtrend resumes and price moves lower. Read More.

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service

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007 – 2017 Hit & Run Candlesticks – 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 should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

Overall the market is in a state of rest (Lazy)

From a Bull’s Eye

As of yesterday’s close – Overall the market is in a state of rest or lazy some might say because of the lack of a bullish or bearish direction. One thing I am sure of is that will change.

Daily – Price has been able to keep the T-Line above the 34-ema, and 50-sma still trends upward. But we must acknowledge the three lower highs.

Hourly chart – As we talked about in the trading room yesterday, chart changes start with early time frames, and the hourly is working on a Red Ice Failure with the 200-sma, and the Dotted Deuce is below the 200-sma as well. Price is toying with the Dotted Deuce on the 2-hour chart which can result in a test of the 200-sma

FREE Trade Idea – CERN

Daily Chart – The LH/Hr’er Low pattern breakout after a month-long pullback that closed back into the 23.6 retracement area. The 2,3,4,5-day charts are in the early stage of a J-Hook continuation pattern.

Today we have 9 more members trade ideas located on the members trade ideas page.

Spotlight Trade – RH

RH – Closed higher yesterday pushing the gain to 50.72%. The trade started with a Bull Kicker that broke above the T-Line, then challenged the 200-sma with success. And as of yesterday’s close, RH has 28-day T-Line Run.
RH – Was published for the HRC members on March 3, 2017. Typically we publish 10-15 trade ideas for the members each day.

Bullish Kicker Pattern

To identify a Bullish Kicker candlestick pattern, look for the following criteria:

First, the first candle needs to be a black or bearish candlestick. Second, the second candle (which is white or bullish) must open above the close of the first candle, forming a gap. Third, the movement of the price during the formation of the second candlestick should never drop into the gap formed between the first and second candle. As you might have guessed, this means that there is rarely a bottom wick on the second candlestick. Read More.

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service

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Will the Children Ever Stop Fighting?

From a bull’s eye SPY:

Will the children ever stop fighting? Well, the answer is yes, the real question is when. This morning I was looking at the Volatility Stops (Indicator) on the 4-hour chart and the daily chart, it looks like between $233.40 and $236.10 is the battle-ground.

Looking over our watch list and scans we have no loss of bullish or bearish charts to trade, takes just a few min a day to do a little work produces great results.

FREE Trade Idea – CERN

CERN –  Has broken out of our Rounded Bottom Breakout Pattern and the 200 period moving average.  CERN is now a PBO flag at the T-Line.

Today we have 11 more members trade ideas located on the members trade ideas page.

Spotlight Trade – GKOS

GKOS was an HRC members swing idea on February 1; it’s currently up 26.71% at yesterday’s close.

Why GKOS? Because of the bullish J-Hook continuation pattern, and the bullish cup and handle that challenged the September 2016 highs with success.  The February 1 trade alert to our members was because of the J-Hook continuation pattern coming from a little double bottom and support.

Bullish Piercing Pattern

Trying to identify the Bullish Piercing pattern? Look for this essential criteria:

The Rising Three Methods signal includes more candles than your typical candlestick pattern: five in total. However, this signal is easy to spot due to the three minuscule candles in the center. If you’re trying to pinpoint the presence of a Rising Three Methods pattern, look for the following criteria:

First, there must be one long green (or white) candle. Second, that first candle will be followed by three or more short red (or black) candles. Third, those three short candles must be contained within the first candle’s body, meaning their real bodies cannot reach above or below the first candle’s real body. Fourth, the short candles should be followed by another long green candle. Fifth and finally, the last candle must close above the first candle.

Also, the Rising Three Methods pattern typically follows an uptrend. Read More.

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service

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SPY- Will the Bulls attack $236.70

Today’s Swing Trade Ideas – Double click trade plan to enlarge

In today’s trade ideas we have 11 swing trade ideas for the members, and we are featuring one free trade idea –

From a bull’s eye SPY:

Take a look at the weekly chart of the SPY, and you can see a Bullish Piercing Pattern formed last week.  Looking back 5 to 6 candles you can clearly understand why $236.70 is acting as resistance.

Back to the daily chart – the last five bars have been bullish and has formed a bullish chart pattern; the Bulls simply need the energy for follow-through.  Without it, the Bears can easily take over.

Spot Light Chart

JAZZ was an HRC members swing idea on January 3; it is currently up 33.11% at Friday’s close.

The trade idea started because of our signature Rounded Bottom Breakout chart pattern that led all the way to the 200-period moving average.  Pulled back for another opportunity with a Doji Bullish Engulf and then followed through with a T-Line run.  Consolidated for a couple of weeks and then back above the T-Line.  It’s above support again with a little flag pullback.

Bullish Piercing Pattern

Trying to identify the Bullish Piercing pattern? Look for this essential criteria:

First, there must be a clear and definable downtrend in progress for the pattern to qualify as a Bullish Piercing pattern. Second, the first candlestick (which appears at the end of the downtrend) must be a black (or red), bearish candlestick. Third, the second candlestick must be white (or green) and bullish. Fourth and finally, the second candlestick (the white one) must open below the black candlestick and close above the black candlestick’s midpoint. So if you mark a dotted line through the vertical center of the black candlestick, does the white candle close above it? If so, it can qualify as a Bullish Piercing pattern. Read More.

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service

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