Wall of Worry Powell Trump China

Wall of Worry Powell Trump China 

The Powell, Trump, China wall of worry are a few of the troubles the market is dealing with. Powell to speak today and the upcoming Fed meeting Dec. 19 may shed positive light or lay a dark cloud over the market. The G20, Trump and China meeting might remove some of the walls of worry or add more. The technical fracture the market is also a problem and will take time to resolve.

Another positive day yesterday for the SPY, about $273.25 remains the number the bulls need to beat before they can advance. Above $265.45 keeps the bull from drowning but struggling.

BABA RBB Setup

We are already long BABA

BABA has been flirting the RBB set up with price closing over the 50-SMA the past 2-days. The bottom construction looks solid with an Inverted Head and Shoulder formation. The weekly chart found support on the Dotted Duece and has now closed back above the weekly T-Line. The typical RBB trade target direction is the 200-SMA. BABA has been added as a trade candidate to add to our LTA-Live Trading Alerts Real Time Market Scanner watchlist for a buying alert. BABA bullish above $156.502, stop below $147.65

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****VXX – Bring the VXX down, bring the fear down

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Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

 

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SPY 2-Day Chart Printed Bullish Engulf

SPY 2-Day Chart Printed Bullish Engulf

The good news: The SPY 2-day chart has printed a double bottom Bullish Engulf all on the 200-SMA. So is this the start of a bullish turnaround? The answer is in whether or not we have bullish follow through over the first hurdle $273.25. The bad news is the SPY like the other indices are in a painful downtrend with a ton of resistance above. Trade considerations and rate hikes continue to add bearish weight to this market. Smaller and fewer positions and quicker profits seem to be the key in this market.

TAL RBB Setup

TAL is an (RBB) Rounded Bottom Breakout Setup and finding support on one of our lower band lines. In the last few weeks price has rallied up and rested with a Flag formation. The rule of thumb is that on a breakout price should move to the next resistance level. The typical RBB trade target direction is the 200-SMA. Adding TAL as a trade candidate to add to our LTA-Live Trading Alerts Real Time Market Scanner watchlist for a buying alert. TAL bullish above $29.15, stop below $27.75

****VXX – Yesterday the VXX chart shows that a little fear was leaving the party. Be careful this party can start up again at any time.

321% This Year

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

Free YouTube Education  •  Subscription Plans Private 2-Hour Coaching

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Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

 

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

SP-500 Set To Open Higher

SP-500 Set To Open Higher

The SP-500 is set to open higher this morning and the DJ-30 set with a triple-digit open, but the big question is this the start of a bullish turnaround? To be a bullish turnaround, we would need to see a bullish bottom constructed and price above $271.90 on the SPY. On the other hand, a good bullish bounce would make for a great relief rally. Last week was another hard week for stocks, and the negative candles on the indices proved it. FANG stock remains weak as can be seen on the FNGU chart, price below the T-Line and the T-Line below the 34-EMA.

BECN RBB Setup

BECN is an (RBB) Rounded Bottom Breakout Setup, not that price has closed above the 50-SMA, and there is at least 10% between the 50-SMA and 200-SMA. The Bullish Engulf a few days ago was a bottom test followed by bullish follow through. With a swing target near the $42.50 area, BECN is a trade candidate to add to our LTA-Live Trading Alerts Real Time Market Scanner watchlist for a buying alert. BECN bullish above $31.75, stop below $29.90

****VXX – At the close Friday the VXX chart was on the bullish side suggesting fear, below $36.00 would suggest fear is under control while over $36.00 would suggest fear is once again fueled.

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Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

  1. LTA – Live Trading Alerts Get your 30-Day Trail
  2. TC2000 Charting Get $25.00 Off
  3. TradeHawk Trading Platform

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

YouTube Videos

Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

 

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

Gap Spinning Top Doji

Gap Spinning Top Doji

Yesterday we saw the SPY gap down and closed with a Spinning Top Doji. I don’t subscribe to the idea of a Doji being a buy signal as many do, I do believe the Doji represents indecision, a time for rest, re-think direction. $270.60 is about 50% of the recent low and recent high making it an important horizontal line to have on a chart. Sellers are still in control and can be easily seen by adding a downtrend line to the tops of price action. It has been my experience more money can be made by trading with the trend, not against the trend and to have patience when you think the trend is turning.

Thanksgiving Week Trade Ideas

With this being a holiday week low market volume, Thursday market closed and Friday a half day I have decided to suspend any new trade ideas until Monday. We will post trade ideas as they appear on LTA-Live Trading Alerts Real Time Market Scanner in the trading room.

_______________________________________________________

Trading Services We Offer

  1. Hit and Run Candlesticks
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

321% This Year

The two most important pieces of software Rick uses is LTA – Live Trading Alerts Get your 30-Day Trial, and TC2000 Charting Receive $25.00 Off
Rick has dialed them in for max performance, and he freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

YouTube Videos

Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

 

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

November 15 Lows Hold For Now

November 15 Lows Hold For Now?

The SPY slide yesterday but held above the November 15 lows for now. I am not boosting that is fantastic or anything just simply an observation. The bulls are getting their butts kicked as they try to fight back. Until we have a winner, this will be a troubled market to trade. I have fewer positions on and less invested in lowering my risk exposure. The SPY weekly chart is hanging from the 50-SMA, and that is never good. If the bulls can’t find a way to get back above the 50-SMA price action will need to find friendly support and the $246.00 area could be the story.

The first step for the bulls is to find a reason to find support above $270.50, then $275.90 and lastly (for now) $281.15. Below $270.50 the sellers will work for $265.30 and $260.00

Thanksgiving Week Trade Ideas

With this being a holiday week low market volume, Thursday market closed and Friday a half day I have decided to suspend any new trade ideas until Monday. We will post trade ideas as they appear on LTA-Live Trading Alerts Real Time Market Scanner in the trading room.

_______________________________________________________

Trading Room Services

  1. Hit and Run Candlesticks
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

321% This Year

The two most important pieces of software Rick uses is LTA – Live Trading Alerts Get your 30-Day Trial, and TC2000 Charting Receive $25.00 Off
Rick has dialed them in for max performance, and he freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

Free YouTube Education  •  Subscription Plans Private 2-Hour Coaching

YouTube Videos

Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

 

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

Happy Thanksgiving Week

Happy Thanksgiving Week

Happy Thanks Giving Week. This week will be a challenge for sure with Tuesday getting ready for Thanksgiving, Wednesday Thanksgiving Day, Thursday the day after Thanksgiving. Friday is Black Friday, and the market is open ½ day, then teres Cyber Monday. The volume in the markets will likely dry up to near dust. In the trading room today we will look at my dark chart with no candles or price action, moving averages only. You will see the trouble the bulls are fighting.  The 34-EMA is barely hovering over the 200-SMA, and the 50-SMA started to turn down in early October. Under $275.85 the bulls are sitting ducks and could be forced to test the November possible the October lows. 7:30 am SPY futures down 10.00 and DIA down 85.00

 

FEYE On The Watchlist

FEYE is on the watchlist because of the trend, and the possible follow through freon the current chart pattern. Bullish trend. Volume break on October 31, and now price is having around supporting about $17.90. Thursday and Friday showed buyer interest near the Volatility Stop. Over $18.80 probable test of $19.50. Over $19.50 probable teat of near the recent high, so on and so on.

Add FEYE to your LTA-Live Trading Alerts Real Time Market Scanner watchlist and be alerted for a bullish entry/trade. Members trade ideas will be on the member’s blog.

Trading Services We Offer

  1. Hit and Run Candlesticks
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

321% This Year

The two most important pieces of software Rick uses is LTA – Live Trading Alerts Get your 30-Day Trail and TC2000 Charting Recieve $25.00 Off
Rick has dialed them in for max performance, and he freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

YouTube Videos

Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

 

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

 

How BABA Acts Today

How BABA Acts Today

Depending on how BABA acts today we may or may not capture profits, at the close yesterday we were up 42%. With a few other nice trades, we are working with such as (SYMC-closed yesterday) and PZZA the “Road To Wealth” Account will be positive a staggering 380% for 2018. The new LTA-Live Trading Alerts Real Time Market Scanner is working out great alerting me on trades that need my attention. We are very very excited about the built-in alerts, and they will only get better from here. Here are 14 charts I am adding to my LTA-Live Trading Alerts Real Time Market Scanner PBI, LLY, MRK, EXTRA, LCI, LOGM, XENT, CASA, COLL, FND, AGEN, CDNA, VXX. Trade-Ideas and picks are worthless unless you know how to read a chart for profitable trading.

****VXX – Be careful the VXX chart is still in a bullish position which means the fear in this market is real.

Trading Services We Offer

  1. Hit and Run Candlesticks
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

321% This Year

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

  1. LTA – Live Trading Alerts Get your 30-Day Trail
  2. TC2000 Charting Get $25.00 Off
  3. TradeHawk Trading Platform

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

YouTube Videos

Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line Trap Shorting the Blue Ice Pattern

 

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

Profits From Our VXX Calls SYMC J-Hook Setting Up

Profits From Our VXX Calls

Yesterday we captured profits from our VXX Calls to the bank based on our target plan. Another new low for the SPY yesterday and nearly closing the gap we talked about in the trading room. Closing the VXX calls was based on the probability of a bounce headed our way. The SPY weekly chart is still on the fence with a Blue Ice Failure, but I an not ready to discount the Daily Inverted Head and Shoulders Pattern on the daily chart. It will be important the buyers circle the wagons for a good run before years end. Please note there is still a possibility of a near test of the October lows.

SYMC J-Hook Setting Up

SYMC is setting up a J-Hook continuation trade now that it has seen profit taking the last few days. The price action of the last couple of days shows the buyers are attracted too or rather above the $21.60 line. A bullish breakout of the 200-SMA could potentially push price 14% or higher. We did add to our SYMC position yesterday. I will be adding SYMC to the LTA-Live Trading Alerts Real Time Market Scanner watchlist for a buying alert. SYMC bullish above $22.85, stop below $21.60

****VXX – The VXX came into our swing target area, and we took our profits based on us on the plan.

Trading Services We Offer

  1. Hit and Run Candlesticks
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

321% This Year

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

  1. LTA – Live Trading Alerts Get your 30-Day Trail
  2. TC2000 Charting Get $25.00 Off
  3. TradeHawk Trading Platform

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

YouTube Videos

Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

 

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it.  Past performance does not guarantee future results. Terms of Service

 

Bullish Engulf with Follow Through BSTI bullish above $5.90, stop below $5.62

Bullish Engulf with Follow Through

BSTI found support in the T-Line Bands with a Bullish Engulf and follow through above the 50-SMA and with about 50% to the 200-SMA we have a well organized Rounded Bottom Breakout. The last two candles make up a pattern we call Doji Continuation pattern. I will add BSTI to the LTA-Live Trading Alerts Real Time Market Scanner watchlist for a buying alert. BSTI bullish above $5.90, stop below $5.62

Trading Services We Offer

  1. Hit and Run Candlesticks
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

321% This Year

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

  1. LTA – Live Trading Alerts Get your 30-Day Trail
  2. TC2000 Charting Get $25.00 Off
  3. TradeHawk Trading Platform

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

Todays Trade-Ideas can be found in the member’s blog post

____________________________________________________________

SPY • New Day Low

Four candles and four new lows, the sellers continue to take from the buyers. Yesterdays Inverted Hammer closed below the 200-SMA but above the upper T-Line Band is acting like support with three higher lows and three higher highs. The weekly chart struggles with the 50-SMA and is trying to print a Bearish “h” pattern. Bottom line the market is a mess right now, I feel my best approach is to take off some risk and work on building a good watchlist.

 

****VXX – The VXX is still hanging out near the 200-SMA closing yesterday with a Doji on the daily chart. The weekly chart hax VXX in a Rounded Bottom Breakout pattern and PBO Bullish Harami.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

YouTube Videos

Trading at the BeachHow to set up the T-Line Regression LinesMetaStock AutomatedTrading the T-Line TrapShorting the Blue Ice Pattern

 

Past performance is not indicative of future returns

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020, Top Gun Futures or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor do they offer trade recommendations or advice to anyone.

 

 

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