Above $297.95

The market (SPY), Above $297.95 today may open the gate for more buying to challenge the $300.00 level and above. The low Friday ($293.69) started to test the August, May and September 2018 support level and found the 50-SMA, the question now will the buyers be able to build a game here? Both the daily and weekly charts of the SPY show no signs of buyer Friday.

$50.00 discount with code: Privilege

The weekly trend from June 7, to mid-August, extended still paints a bullish trend. Now if you take in the top from June you will see a double top. The chart pattern building is a weekly Ascending Triangle. IMPORTANT, if the SPY closes below the 50-SMA the bears may have cut the legs off the buyers. Beware if VXX can show strength above $25.40

https://hitandruncandlesticks.com/hit-and-run-candlesticks/

The bottom line, stay calm and remember you do not have to trade every day. Cash is a position. We have bought very little over the last few trading days, but we have managed what we own and have close a few for profits. I have personally found by waiting for the reversal pattern (Bullish or Bearish) then trade the trend after that is pretty profitable.

Rick

Favorite Charting Software

For Your Consideration: Here are a few tickers we will be adding to our swing trade watch-list. DNR, CYH, XEC, PRGO, FIT, STT, NTNX, WHR, SU. Trade smart, and trade your trade. Stocks we mention and talk about are not recommendations to buy or sell.

SMS text alerts and reminders?👈

Check out our newest YouTube videos👈

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Indecision, Follow-Through Needed

The market (SPY), Wednesday’s, lower low Harami (indecision), then Tuesday's little Hammer with a higher low indicates buyers looking, but no real commitment. On a 2-day chart, you can see the Spinning Top Doji (indecision) shows the bulls require a little help to keep price action above the support line but without a higher high the lower high.

$50.00 discount with code: Privilege

If the SPY can get above $298.75, it's possible; we see buyers step in and challenge the recent highs. But let’s not get to carried away just yet, so far this week the sellers have been able to push the buyers back, and there is still not a confirmed bottom from the recent 5 bars that the sellers have control.

https://hitandruncandlesticks.com/hit-and-run-candlesticks/

The bottom line, This is Friday, and the futures are up premarket this morning, below $298.75 sellers have control of the SPY. Our dark chart has not given the bullish bottoming signal that we are looking for, above $298.75 would be a great start, remember that number must hold today.

Rick

Favorite Charting Software

Ya baby it’s Friday! For Hit and Run Candlesticks, Friday’s are more about profit-taking and getting ready for the weekend. There are no watch-list updates on Fridays. We wish you a fantastic weekend.

SMS text alerts and reminders?👈

Check out our newest YouTube videos👈

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Nice Day in Down Trend

US Markets held support and bounced nicely on Wednesday, but did give up a little of their gains late. However, we must recognize that no reversal candle signals were printed by the indices and at best we had Harami (indecision) in the SPY and DIA.

This leaves us with nothing more than a nice white candle in a downtrend, but at support at this point. Not a very clear picture by any measure.

$50.00 discount with code: Privilege

Today’s economic news includes Q2 GDP at 8:30 am and Aug. Pending Home Sales at 10 am. We will also hear from the lone FOMC dissenter who wanted more of a rate cut (Bullard) as well as a few other Fed members speaking.

As of 7:30 am, US futures are pointing to small gains, falling in line with Asian and European markets (which were all green overnight).  The big boys (Dow and S&P) are pointing to a 0.25% and the NASDAQ a 0.15% gap higher. This will put us close to retesting the downtrend.

https://hitandruncandlesticks.com/hit-and-run-candlesticks/

The bottom line is we might expect a higher-high off follow-through from Wed. action and global gains. However, that downtrend has not been broken yet. Caution and avoiding the whip are the smart plays.

Ed

Favorite Charting Software

For Your Consideration: Here are a few tickers we will be adding to our swing trade watch-list. Long: PRGO, EXC, GT, NUS, DOW, OLN, ETR, CRCM, GPRE, HOME, CM. Short: IPG, YUM, QSR, BLL. Trade smart, and trade your trade. Stocks we mention and talk about are not recommendations to buy or sell.

SMS text alerts and reminders?👈

Check out our newest YouTube videos👈

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Can Support Hold?

The UK Parliament is back in session, with their attention not focused on Brexit, but at least at the moment on beating up Government Ministers over why they advised what they advised that led PM Johnson to think he could get away with suspending Parliament for 5 weeks.  The other major news overnight was the US Congress beginning a formal Impeachment Inquiry against President Trump (although that was expected). 

Overnight Asian and European markets followed the lead from yesterday’s US markets with bright red numbers across all major indices.

$50.00 discount with code: Privilege

Today’s economic news is limited, with Aug. New Home Sales at 10am and US Oil Inventories at 10:30am.  I’m not so sure either of those will make any splash against the backdrop of political news and the bears taking control of charts the last several days.

As of 7am, US futures are pointing to a small continuation of the Bearish move.  The big boys (Dow and S&P) are pointing to a 0.10% and the NASDAQ a 0.25% gap lower.

https://hitandruncandlesticks.com/hit-and-run-candlesticks/

The charts tell us the short-term trend is clearly bearish, with the all 3 major indices showing failing spectacularly after a strong bullish gap up at the open.  They ended up printing bearish continuation signals across the board Tuesday. In the process, the QQQ also gave up the 50sma as potential support.  However, if there is a ray of hope, it is that the SPY and IWM both tested and held their 50sma yesterday…and if you might say we tested the area of the 50sma and held it in the DIA. Can that support hold is the key question?

The bottom line is that it is very hard to swing trade these markets until we get less whiplash and range chop and more of that good old consistent trend action.

Ed

Favorite Charting Software

For Your Consideration: Here are a few tickers we will be adding to our swing trade watch-list. Long: AIZ, ARMK, CCJ, DE, ES, EXC, JACK, UNM. Short: EGHT, QSR, SBUX, CDNS, YUM, CTAS, TWLO, VRNT, MA, ACN. Trade smart, and trade your trade. Stocks we mention and talk about are not recommendations to buy or sell.

SMS text alerts and reminders?👈

Check out our newest YouTube videos👈

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

More Uncertainty

Overnight, the big news was that the UK Supreme Court has ruled that the suspension of the UK Parliament was unlawful and void (11-0 unanimous decision).  In fact, it ruled the suspension did not happen and Parliament is still in session. 

The Speaker of Parliament has said the House of Commons will sit again Wed. morning. It’s unclear exactly what that means in practical terms (who controls the agenda once they meet, what members of the PM's team get the axe and how this impacts Brexit).  There was even talk about the PM himself needing to step down.  Needless to say, this does give the “No – No Deal Brexit” and “New Referendum” camps a stronger hand…and if you believe PM Johnson, hurts the UK negotiation position with the EU. 

$50.00 discount with code: Privilege

On the US news front, apparently President Trump was completely unaware (and shocked to hear live in front of the press) that it was the US Negotiators who canceled meetings and asked the Chinese to leave without touring the US farm belt.  (Speculation is that Treasury Sec. Mnuchin did not want the US public to wrongly assume from such a tour that a deal was near.)  Also, two Fed speakers implied that even the most Dovish FOMC member foresees only 1 more cut this year and the majority say none.

For markets, this is all just more of what traders love…uncertainty.  (That’s sarcasm.)

https://hitandruncandlesticks.com/hit-and-run-candlesticks/

Markets ended Monday flat after a gap down as the short-term trend continues to be Bearish.  However, there is clear potential support just below.  Futures are pointing higher at the moment about half a percent.  Overall, I read this as more chop until we can break out to new highs.

Ed

For Your Consideration: Here are a few tickers we will be adding to our swing trade watch-list. Long: CCJ, VZ, PG, FRAC, GT, CPRI, HOME, TUP, LEN, APA, DLTR, WFC, OLN. Short: QSR, TWLO, HEI, HCA, VRNT, BLL, ROL, FIS. Trade smart, and trade your trade. Stocks we mention and talk about are not recommendations to buy or sell.

Favorite Charting Software

SMS text alerts and reminders?👈

Check out our newest YouTube videos👈

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Waiting on News

On Friday all the major indices fell further after the latest failure at all-time high resistance. Dovish spin in the news (related to a China Trade Deal) was met by the President saying a small deal would not be enough for him to lift tariffs.  There was slightly positive news out of Brexit negotiations (if you’re smart enough to handicap that race), but a UK Court Ruling early this week will stir that pot again.

$50.00 discount with code: Privilege

Coming off Friday’s ugly candles, we would expect a lower low today.  The futures are indicating a minor move down at this point (a tenth of a percent).  With that said, we have previous support not far below in all indices with the VXX having resistance just above.

https://hitandruncandlesticks.com/hit-and-run-candlesticks/

Personally, I will use the short-term trend as a guide, expecting the pullback to continue until the bull prove otherwise. With no major news on the calendar for Monday, I expect this news-driven market to drift more before getting a push. Bulls have looked for any excuse to buy, but at this particular moment, I don't see one yet today.

Ed

For Your Consideration: Here are a few tickers we will be adding to our swing trade watch-list. Long: CELG, CNP, CNQ, CVS, DOW, DUK, GT, HCSG, KIM, L, LEN, NRG, VZ. Short: BLL, EGHT, FIS, HCA, HEI, MA, SBUX, VRNT, YUM. Trade smart, and trade your trade. Stocks we mention and talk about are not recommendations to buy or sell.

Favorite Charting Software

SMS text alerts and reminders?👈

Check out our newest YouTube videos👈

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Slow Grind

The market (SPY), The slow grind higher starting in December 2018 certainly has been a grind and at times seems like we are just crawling. But if you look at a weekly chart on the SPY, you can clearly see we have moved about 70 points, not bad for the SPY.

On the daily chart, you can see that the past 10-11 trading days has been that slow (crawl) grind I was talking about. Yesterday the SPY formed a little Shooting Star, double top, (sounds painful). Well, it could be with follow through to the point of cracking the trendline until then we simply have the slow grind higher. With the T-Line and T-Bands still moving up and price action above all the T-Bands, it implies the bulls (buyers) are still in control. While price action the last few days has been a bit slow I continue to see bullishness with reasonable profit-taking along the way.

https://hitandruncandlesticks.com/hit-and-run-candlesticks/

The I path Series S&P 500 VXX Short Term Futures ETN. The VXX closed with a little Hammer near a double bottom, and the VXX is oversold. With a bit of Bullishness, the VXX might do a little relief rally.

$50.00 discount with code: Privilege

Ya baby it’s Friday! Friday’s are more about profit-taking and getting ready for the weekend. There are no watch-list updates on Fridays. We wish you a fantastic weekend. 🌞Rick Saddler

Favorite Charting Software

SMS text alerts and reminders?👈

Check out our newest YouTube videos👈

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Now What?

The market (SPY), Mr. Powel and the Fed have spoken; now what? Simple we do what we do every day examine high probability chart setups for a money-making swing trade. For a bit yesterday the SPY was under the seller's spell, but the buyers snapped out of it. Yesterday’s long wicked candle found it’s low on the Volatility Stop indicator we use and then popped closing at $300.10. Overall the SPY and SPX are working to break the spell of the July High. “If” the buyers can get through the July high, they could walk the walk to about $308.00. While the T2122 chart is reading overbought price remains bullish at yesterdays close with 2 of the 3 Bands trending up and price action above the T-Line.

https://hitandruncandlesticks.com/hit-and-run-candlesticks/

SWING TRADING THE T-LINE: Swing trading the T-Line is easier than you might think. If you are in a long trade, stay long until the price action closes below the T-Line. If you are in a short trade, stay short until the price action closes above the T-Line. It’s as simple as that, but of course, there are many other factors to take into consideration if you want to be successful. Swing trading the T-Line isn’t black and white. The proper way to trade the T-Line is to combine everything you know about trends, support/resistance, candlestick signals, chart patterns, moving averages, and any other indicators. Elements to Consider When Swing Trading the T-Line – Read More

Favorite Charting Software

SMS text alerts and reminders?👈

The I path Series S&P 500 VXX Short Term Futures ETN. The VXX closed at another new low, and the past 2-weeks has shown zip for fear. A close above the T-Line, we would consider a T-Line strategy trade. Always trade with caution.

$50.00 discount with code: Privilege

Trade-Ideas

For Your Consideration: Here are a few tickers we will be adding to our swing trade watch-list. DOCU, TER, GWRE, SNAP, BURL, CPB, SPWR, STNE, ESTC. Trade smart, and trade your trade. Stocks we mention and talk about are not recommendations to buy or sell.

😊 Have a great trading day - Rick

Check out our newest YouTube videos👈

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

T-Line Run Still Active

Use Only this special Promo code SAV50

The market (SPY), The T-Line Run is still active,14-days now. Powell will let us know if there will be ¼ point cut, his thoughts, and possible future cuts. It has been pretty obvious the market realized that Powell would be speaking about 4-days ago. Above $301.80 the market like what Powell is up too and below $ 298.20 not so much.

At hit and Run Candlesticks, we focus on Stocks / Simple Directional Options

SMS text alerts and reminders?👈

The I path Series S&P 500 VXX Short Term Futures ETN. The VXX chart remains in a downtrend with price below the T-Bands and price below the T-Line. Price closing above the T-Line creates the possibility of a relief rally to the Bands.

$50.00 discount with code: Privilege

Trade-Ideas

For Your Consideration: Here are a few tickers we will be adding to our swing trade watch-list. WWE, ESTC, TU, ACGL, FL, UTHR. Trade smart, and trade your trade. Stocks we mention and talk about are not a recommendation to buy or sell.

😊 Have a great trading day - Rick

Check out our newest YouTube videos👈

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Uneventful Monday: Tuesday?

Use Only this special Promo code SAV50

At hit and Run Candlesticks, we focus on Stocks / Simple Directional Options

The market (SPY), For the most part, a very uneventful day yesterday, the market didn’t seem to care about 5% of the world oil being blown up. Perhaps the market will be more interested in the possible .25 point cut. The close yesterday like previous 12 days were all above the T-Line, we call that a T-Line Run. A close below the T-Line, the sellers, could take us to about $297.00, a bit more and the 50-SMA become vulnerable. Currently, the Bulls still outnumber the Bears; you can see this because of the trend and price action is still above the trends and moving averages. The T2122 chart is running high in the overbought area and has failed to make a higher high compared to the last three runs. (Looking at a 3-day chart)

SMS text alerts and reminders?👈

J-Hook Continuation Pattern While there are several continuation patterns in trading, the J-Hook Continuation Pattern is one that is a very decisive and can be easily identified since it forms the letter J.  If the chart pattern is followed, entered at the right time and unfolds as expected, it can be very profitable.  J-Hooks may also be called by other names like Thunderbolts and 123 formations.

There are three necessary parts to the pattern 1) a strong upward move in price 2) a pullback and 3) an up move which should continue into a breakout above the previous pivot high in price to complete the pattern and continue the uptrend.  Figure 1 presents the three price movements that take place as a J-Hook develops. 

TheThe I path Series S&P 500 VXX Short Term Futures ETN. The VXX closed below the T-Line (bearish), closed with a Doji on the 2-day chart. The VXX is also near support. Always trade with caution.

Trade-Ideas

For Your Consideration: Here are a few tickers we will be adding to our swing trade watch-list. XON, FTCH, CIEN, WWE, ALKS, LMT, CLDR, GWRE, BKI, MASI, V, TRI, BURLTrade smart, and trade your trade. Stocks we mention and talk about are not recommendations to buy or sell.

😊 Have a great trading day - Rick

Check out our newest YouTube videos👈

$50.00 discount with code: Privilege

🎯 Mike Probst: Rick, Got CTL off the scanner today. Already up 30%. Love it.

🎯 Dick Carp: the scanner paid for the year with HES-thank you

🎯 Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯 Bob S: LTA is incredible…. I use it … would not trade without it

🎯 Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

click/touch to navigate
Skip to toolbar