Bulls Set to Ignore Economic News Again

As mentioned yesterday, the bulls paused Thursday.  Bears might try to argue that resistance held, but the candles don’t exactly scream “failure” since all 3 major indices printed indecisive candles (Doji or Spinning Top).  More to the point, there was no power behind any bearish move to this point.  On the day, SPY closed down 0.25%, DIA closed up 0.05%, and QQQ closed down 0.71%.  VXX was also flat, down slightly to 30.85 while the T2122 4-week High-Low Ratio climbed again to 98.84 (extremely overbought).  10-year bond yield rose to 0.823% as money left bonds, while Oil (WTI) rose just a bit to $37.32/barrel.

Before the open, initial jobless claims were worst than expected (1.877 million vs 1.7 million estimated) and continuing claims have reached 21.5 million.  This has led to expectations that the May Unemployment rate will exceed 20%.  However, the Fed also increased (initially $500 billion) and extended the length of its bond-buying program through at least June 2021.  Elsewhere, the White House said they expect the next stimulus bill to be about $1 trillion, despite Senate Republican objections to any more stimulus for now. 

In business news, after the close, AVGO warned of weak demand for smartphone components in their conference call.  F also decided to postpone the return to work of salaried workers until September.  In addition, JCP announced it will close 154 more stores as part of its bankruptcy exit plan and the largest mall operator in the US (SPG) is suing GPS over skipped rent payments the last couple months.

$97 for the next 100 subscribers, then $147

On the Virus front itself, the global headline numbers are 6,726,982 confirmed cases and 393,616 deaths.  In Spain, a new study found that 5.2% of the population has virus antibodies (has had coronavirus). Meanwhile, France reported that its outbreak is now “under control” largely because the public has accepted and worn masks.  In the UK it was announced that public transport operations will resume on June 15, but all riders will be required to wear masks. 

However, in the US, where the spread has been the worst, we have 1,924,189 confirmed cases and 110,179 deaths reported to date.  The Director of the CDC told reporters he is seeing far too many people not following CDC guidelines for reopening, including not wearing masks or maintaining any social distance.  At the same time, the 4 largest air carriers are increasing their number of flights 27% in June, albeit at a reduced capacity per plane. 

Overnight, Asian markets green across the board again.  European stocks are looking to follow suit, up 1%-1.5% as of midday.  At 7:30 am, US futures seem to be falling in-line with the other regions, as they are pointing to a significant gap higher of between 0.8% and 1.2% with just the NASDAQ futures lagging (only pointing to a 0.4% gap up).    

Friday’s major economic news includes May Hourly Earnings, May Non-farm Payrolls, May Participation Rate, and May Unemployment Rate (all at 8:30 am).  The only earnings reports of note is TIF before the open.

The bulls remain in control, even as Thursday saw a pause.  It looks like they want to take markets higher, at least at the open.  Expected bad economic news seems no problem again and while protests continue, they are peaceful in a vast majority of locations.  Continue to stay focused on the short-term chart and don’t hesitate to lock in profits.  Remember its Friday.  So, don’t hesitate to put some jingle in the bank ahead of the weekend news cycles.  However, don’t bet against the trend unless you’re doing it to hedge.  Above all, don’t chase or predict.

Ed

No Trade ideas for your watchlist and consideration on Friday. Trade your plan, take profits along the way, and smart. Also, don't forget to check for upcoming earnings. Finally, remember that the stocks/ETFs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

|607% in just 24 months |

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

A Pause for Bulls to Catch Their Breath?

ADP Job Loss Numbers for May came in better than expected and that was all the bulls needed to control the market on the day.  We saw a 0.70% gap higher at the open and steady follow-through until the last 10 minutes of the day, when minor profit-taking caused us to close off the high.  On the day the SPY gained 1.30%, the DIA gained 2.06%, and the QQQ gained a mild 0.45%.  In all 3 cases, the bears could at least make a case that resistance is temporarily holding (all-time highs in the case of the QQQ), but there is no doubting who is in-charge in the marketplace.  VXX closed down to 31.11 and T2122 is even higher than the prior close at 97.98.  10-yr. bond yields rose to 0.751% and shockingly Oil (WTI) closed basically flat at $36.72/barrel.

During the day the next step in US-China tensions (trade war fear) took place as the US banned Chinese passenger airlines from flying to US destinations.  This is a tit-for-tat response to China’s ban of US airlines (DAL and UAL), which was itself a response to US moves in reaction to the Hong Kong Security Law situation. 

In business news, the CEO of PPC and executives of a smaller chicken producer (Claxton Poultry) were indicted for poultry price-fixing on Wednesday afternoon.   PPC stock was hammered as a result and the impact spilled over into TSN, which had no executives named in the indictments.

$97 for the next 100 subscribers, then $147

On the Virus front itself, the global headline numbers are 6,596,713 confirmed cases and 388,424 deaths.  In Europe, the ECB is set to increase stimulus (buying Euro country bonds) as and when the economic impact numbers dictate according to the ECB President.  Mexico has overtaken the US in terms of new daily cases of the virus, which is worrying for a country with far less than half the population and much less medical infrastructure.

In the US, we have 1,902,101 confirmed cases and 109,146 deaths reported to date. New cases in the state of TX were reported to be rising, now at +2.6% for the week.  In fact, new case numbers are rising again across the South (with Louisiana being an interesting exception).  DAL also announced it will cap plan capacity at 60% of pre-virus levels through September.  However, on the positive side, GM announced they will be at pre-virus vehicle production rates by the end of June.  Las Vegas has also opened its casinos and hotels at 50% capacity again as of today.

Overnight, Asian markets were mixed, but mostly green again.  However, European stocks are red across the board as of midday.  (The FTSE rebalanced the members of its indexes, which may have some impact in the UK.)  It is also worth noting that both Saudi Arabia and Russia are not backing away from production cuts previously announced now that oil demand has risen again. At 7:30 am, US futures are also pointing to a gap lower of 0.3%-0.5%.  

Thursday’s major economic news includes Apr. Imports/Exports, Initial Jobless Claims, Q1 Nonfarm Productivity, Apr. Trade Balance, and Q1 Unit Labor Cost (all at 8:30 am).  Major earnings reports are limited to CIEN, GIII, MIK, NAV, SJM, and TTC before the open.  Then after the close AVGO, CAL, COO, GPS, RH, and SAIC all report.

The bulls are still in control, but resistance and extension are very real at this point.  After an impressive 4-day run-up, a pause may be in the cards.  However, the trend and momentum are both in the bull’s favor.  Even protest tensions have eased as the non-peaceful episodes have died out.  Continue to stay focused on the short-term chart and don’t hesitate to lock in profits.  However, don’t bet against the trend unless you’re doing it to hedge.  Above all, don’t chase or predict.

Ed

Trade ideas for your watchlist and consideration. BA, MGM, WYNN, DRI, ERI, JPM, OIH, ORCL. Trade your plan, take profits along the way, and smart. Also, don't forget to check for upcoming earnings. Finally, remember that the stocks/ETFs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

|607% in just 24 months |

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

The Rally Remains Strong

Once again, the bullish run continued Tuesday led by Energy as bulls have their eyes focused out on the future post-recovery.  After a small gap higher at the open markets ground sideways most of the day.  However, a strong late-day rally closed the market very near its highs.  On the day, the SPY was up 0.83%, the DIA up 1.02%, and the QQQ up 0.67%.  The VXX fell to 32.49 and T2122 remains very high at 96.59.  Oil (WTI) closed up over 4% to $36.90/barrel and 10-year bond yields climbed a bit to 0.684%.

In business news, WFC is worried about loan defaults.  As a result, they have stopped making loans to and through independent car dealerships, who they perceive to be servicing riskier customers than major brand dealerships.  In the process, WFC has had to drop hundreds of independent dealership customers.

The SBA announced that over $120 billion of PPP funds remain untapped.  After an initial rush in the second round, demand for the loans/grants dried up.   Small business organizations cited a fear of potential audits if a company takes the loans.  Meanwhile, IL became the first state to tap the Fed loan fund, requesting $1.2 billion for a one-year loan after their bond yields rose.

$97 for the next 100 subscribers, then $147

On the Virus front itself, the global headline numbers are 6,474,784 confirmed cases and 382,922 deaths.  In Japan, the government issued another “stay home” alert for Tokyo after a “jump” in cases.  (They had lifted restrictions on May 25.)  Italy proved that the US isn’t the only place with conspiracy theorists as hundreds of protesters gathered in Rome to shout “Liberty” (calling for complete opening and dropping of restrictions) while their leaders claimed the pandemic never existed and is some global conspiracy.

In the US, we have 1,881,256 confirmed cases and 108,062 deaths reported to date. CNBC reported an industry group that cited a survey of restaurants found the number of transactions was only down 18% (year on year) as of the end of May.  Of course, carryout and fast food in particular are bouncing back fast, with full-service still down just over 40%.  Meanwhile, Amazon has announced plans for a major sale date (similar to Black Friday) for June 22 with the goal of “jumpstarting sales.”  It is likely that other retailers will join the movement rather than yield all the sales to AMZN.

Overnight, Asian markets were in the green across the board yet again.  European stocks are following suit with the major bourses each up 1-2% as of midday.  At 7:30 am, US futures are also pointing to gap higher of 0.3%-0.6%.

Wednesday’s major economic news includes May ADP Non-farm Employment (8:15 am), May Service PMI (9:45 am), Apr. Factory Orders and May ISM Non-Mfg. Employment (both at 10 am), and Crude Oil Inventories (10:30 am).  The only earnings reports of note are AEO, CNK, EXPR, GOOS, CPB and VRA before the open.  Then after the close CLDR, FOSL and GEF report.

The bulls still see nothing but blue skies and optimism as they look past protests and pandemic damage.  The trend, momentum, and a bit of room up to next resistance in the charts should give the bulls the edge again Wednesday.  Even intraday swings have lessened very recently.  Continue to stay focused on the short-term chart and don’t hesitate to lock in profits.  However, don’t bet against the trend unless you’re doing it to hedge.  Above all, don’t chase or predict.

Ed

Trade ideas for your watchlist and consideration. M, EOG, HAL, CF, MGM, HD, CB, AJG, NCLH, INO. Trade your plan, take profits along the way, and smart. Also, don't forget to check for upcoming earnings. Finally, remember that the stocks/ETFs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

|607% in just 24 months |

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

Bulls See Good Things Ahead

The bulls just kept on chugging Monday.  A slight red open was met with steady, but slow buying until 2 pm.  From there, stocks ground sideways to slightly down into the close.  On the day, the SPY gained 0.41%, the DIA gained 0.39%, and the QQQ gained 0.30%.  VXX was essentially flat at 33.42 and T2122 climbed further into the overbought territory at 93.18.  The 10-year bond yield climbed a bit to 0.667% and Oil (WTI) also gained slightly to $33.56/barrel.

Markets seem to be focusing on the impending (and further out) economic recovery, regardless of current civil unrest and government reactions.  UBER, LYFT, and SBUX are the latest to say the unrest is impacting their operations, as they are city-focused companies. In Silicon Valley, CEO Zuckerberg will address a company “town hall” for FB after several hundred employees staged a “virtual walkout” partially related to this on Monday. 

On the trade war front, China has apparently ordered state-controlled companies to stop ordering US farm products (particularly soybeans).  This seems to come in retaliation for the US response to a new security law covering Hong Kong.  However, it is likely just the renaming of an actual lack of need that will reverse once China’s economy has fully recovered and their Pork producers have herds re-established.  (China has been fighting African Swine Fever for close to a year and soybeans are a primary hog feed.)

$97 for the next 100 subscribers, then $147

On the Virus front, the global headline numbers are 6,394,415 confirmed cases and 377,971 deaths.  While Brazil remains the epicenter of the current wave, Rio de Janeiro will begin opening its economy today.  Meanwhile in Europe, Spain, Italy, and the UK all reported their lowest number of new cases or deaths since early in the outbreak.

In the US, we have 1,859,693 confirmed cases and 106,927 deaths reported to date.  In a worrying sign, CA reported that their number of new cases has risen 11% in the last 5 days.   On the other side of the country, the NY and NJ numbers continue to improve as they are opening further.  The Congressional Budget Office released estimates Mondays that coronavirus will cost the US 3% of its economic growth (over the course of 10 years).

Overnight, Asian markets were in the green across the board again.  So far Tuesday, European stocks are following suit with the major bourses each up 1-4% at midday.  As of 7:30 am, US futures are pointing to gap higher of 0.6%-0.7%.

There is no major economic news on Tuesday.   Earnings reports are also very light with only a few that could be considered major companies. On tap for the day are DBRL, DCI, and DKS before the open as well as CRWD and ZM after the close.

Once again, the bulls see nothing but blue skies and optimism.  They certainly continue to have the momentum and trend.  However, we still see big intraday swings remain on most days.  Keep your eye on the short-term chart and don’t hesitate to lock in profits.  However, don’t bet against the trend unless you’re doing it to hedge.  Above all, don’t chase or predict.

Ed

Trade ideas for your watchlist and consideration. MAR, RCL, FAS, GRUB, DISH, ALGN, TLRY, HLF, JD, ADP. Trade your plan, take profits along the way, and smart. Also, don't forget to check for upcoming earnings. Finally, remember that the stocks/ETFs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

|607% in just 24 months |

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

Protests Sweep Country

Friday was a day mostly of fear and waiting on a firestorm from the White House, only to realize it was nothing but a little hot wind.  After the China presser amounted to nothing but “We’ll take action to eventually eliminate Hong Kong’s special treatment” markets rallied hard up off the lows the last hour of the day.  At the close, the SPY was up 0.45%, the DIA flat at negative 0.02%, and the QQQ up strongly at +1.47% as tech issues rallied hardest off the non-event.  The VXX closed down to 33.13 while the T2122 4-week High-Low Ratio fell slightly, but remains overbought at 85.29.  The 10-year bond yield fell to 0.653% and Oil (WTI) rallied yet again to $35.32/barrel. With that said about the day, it is also important to recognize that markets rose about 5-6% during May.

The big story this weekend was coast-to-coast protests and some riots. Some businesses and traffic have been temporarily disrupted in a large number of places.  The only major business responses have been that TGT (Minneapolis-based) and AAPL both closed stores, while AMZN closed distribution hubs located near protests.  These protests have mainly been peaceful dissent to racial injustice and killings of blacks by police.  But, some of the protesters have turned into rioters causing property damage, looting, injuries, and even a couple of deaths. 

Government responses have been declarations of curfews, unlawful assemblies, and no-go zones, as well as the use of tear gas, knight sticks, and rubber bullets.  There have been hundreds of arrests. Many states have also called out the National Guard.  Atty. Gen. Barr and President Trump claimed that rioters are “far-left extremists.”  So, on Sunday Trump declared ANTIFA to be terrorists.  However, there has been no evidence produced yet of any organized group organizing or leading riots locally, let along nationally. (Side note: This whole episode must give the Chinese leadership a belly laugh.  The US has denounced the Chinese for crack-downs, labeling protesters as terrorists, mass arrests, and employing similar tactics against public protests and riots over civil rights.)

$97 for the next 100 subscribers, then $147

On the Virus front, the global headline numbers are 6,290,758 confirmed cases and 374,335 deaths.  On Saturday India reported a record jump in new cases, extended its lockdown in “containment zones” through June 30, while also allowing retail, restaurant and religious buildings to open in the other parts of the country.  The EU adjusted its Steel Import Controls (the ones enacted in response to new US tariffs).  The new measures fall short of import quota cuts (as had been requested by European Steelmakers), but are aimed at prohibiting any stockpiling of foreign steel while European makers are not back to capacity. Finally, Russia claims to have an effective treatment drug for the virus (mentioning that the only other potentially-effective drug to their own is the GILD drug remdesivir).

In the US, we have 1,837,578 confirmed cases and 106,198 deaths reported to date. CNBC reports that AAPL data shows Americans are driving at almost the same rate they did prior to the shutdown (based on navigation map requests and geo-data from phones).  However, mass transit and restaurant bookings have barely recovered at all.  Hotel bookings are in between, having recovered about 35% of the reduction caused by the shutdown. 

An interesting tidbit from the supply chain.  Since the stimulus checks hit in the US, the demand for computers and PC components has skyrocketed.  Demand is as high now as at a normal December (Xmas season) and 25% higher than a normal May.  So, it seems the economic pain of the shutdown has been exaggerated and a bunch of that money is going straight to computer upgrades and purchases.  Combine this demand with a shipping bottleneck caused by port closures and the no passenger air flights (every passenger flight carries cargo in addition to people) and you get a May shortage of Motherboards, Graphics Cards, and Power Supplies (all sourced from China).  This should abate sometime in June as transport capacity works through the backlog.

Overnight, Asian markets were in the green across the board as May factory numbers overrode the US-China trade war fears.  However, European stocks are mixed, but mostly green so far today.  As of 7:30 am, US futures are flat and mixed, with the country preoccupied by the protests/riots and government responses.

Major economic news on Monday is limited to May Mfg. PMI (9:45 am) and May ISM Mfg. PMI (10 am).  There are also no major earnings reports on Monday.

The bulls continue to have the momentum and trend, but big intraday swings continue to be the norm.  Keep your eye on the short-term chart and don’t hesitate to lock in profits.  Above all, don’t chase or predict, and remain cautious about longer-term swing trades.

Ed

Trade ideas for your watchlist and consideration. PFE, ORCL, PANW, ENB, JNJ, SNAP, KHC, INTC, NDAQ, JNPR, ABBV. Trade your plan, take profits along the way, and smart. Also, don't forget to check for upcoming earnings. Finally, remember that the stocks/ETFs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

|607% in just 24 months |

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

China Presser and Morning Data

The bulls rallied all day Thursday (they love those big Jobless Claims numbers), right up until it was announced the President will hold a Friday press conference on China.  At that point, markets fell off the cliff the rest of the afternoon, closing lower.  For the day, SPY closed down 0.20% on a Shooting Star type candle, DIA was down 0.56% on a Dark Cloud Cover candle, and QQQ was flat at down 0.13% while leaving a high upper wick.  The VXX gained a bit to 34.48 and T2122 fell, but remains in overbought territory at 90.27. 10-year bond yields rose slightly to 0.697% and Oil (WTI) also climbed to $33.56/barrel.

During the day, the President signed his Executive Order targeting social media (after being fact-checked by Twitter). His appointee Atty. Gen. Barr attended the press event to also say his Dept. will also sue social media firms (the timing must be purely coincidental).  While the President’s threats will have no practical short-term impact without legislation and court cases, the message did hit TWTR (- 4.5%) and FB (-1.6%) stock on the day. These events may also restart an interesting conversation in America on freedom of speech vs. censorship, facts vs. deception, viewer ignorance vs. editorial responsibility, and the use of government power for personal purposes.

Meanwhile over on Capitol Hill, the House passed a bill to ease the loan forgiveness rules of the PPP program.  The bill lets companies put less of the loan amount into payroll, extends the window when they can use the loan funds, and pushes back the date by which they must rehire workers in order to qualify for loan forgiveness.  The Senate has discussed similar measures and will likely pass a very similar bill.

$97 for the next 100 subscribers, then $147

On the Virus front, the global headline numbers are 5,931,867 confirmed cases and 362,613 deaths.  Spain began further easing on Friday.  France and Turkey also announced comprehensive openings to take place the first two days of June.  The UK joined the chorus as well, announcing it will begin opening bars and restaurants “under strict conditions” as of Monday.

In the US, we have had 1,768,608 confirmed cases and 103,341 deaths reported to date. Texas reported a 3.2% increase in new cases this week, twice the previous week’s rate and the increase was higher than the 2.9% increase in testing over the period.  Elsewhere UAL followed AAL, but taking a different tactic.  UAL will offer early retirement and buyouts to reduce their workforce, but similar goal of around a 30% staff reduction. It is also noteworthy that US corporations have raised $1 Trillion in the bond market in the last month with the Fed backstop reassuring corporate bond buyers.

Overnight, just like yesterday, Asian markets were mixed again as the US-China tension leads to trade war fears.  However, Europe stocks are red across the board so far today.  As of 7:30 am, US futures are flat and mixed, with the President’s China press conference later today. 10-year bond yields also plunged overnight on trade fear related to the China press conference.

Major economic news on Friday includes Apr. Core PCE, Apr. Trade Balance, Apr. Personal Spending, and Apr. Retail Sales (all at 8:30 am), May Chicago PMI (9:45 am), Michigan Consumer Sentiment (10 am), and Fed Chair Power speech (11 am).  Major earnings reports are limited to BIG, CIR, CGC, and SOL all before the open.

A lot of economic data comes before the open again today.  However, it is likely to be the China press conference (likely sanctions and raised rhetoric) that impacts markets most.  The bulls continue to have the momentum and trend, but intraday swings continue and Thursday’s candles show that there is uncertainly about the rally.  So, keep your eye on the short-term chart and don’t hesitate to lock in profits.  Remember, it’s Friday so put some gains in your pocket and consider weekend hedges.  Above all, don’t chase or predict, and remain cautious about longer-term swing trades.

Ed

No Trade ideas for your watchlist on Friday. Trade your plan, take profits along the way, and smart. Also, don't forget to check for upcoming earnings. Finally, remember that the stocks/ETFs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

|607% in just 24 months |

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

Econ Data Plus Trade and TWTR Tension

After a 1% gap higher at the open and an immediate strong selloff, the bulls stepped in at 10:45 am and never looked back.  The rest of the day was a steady climb to recover the losses of the morning and close the day at the highs.  On the day, the SPY was up 1.48%, the DIA up 2.21%, and the QQQ up 0.55%.  VXX fell again to 33.15 and the T2122 rose again to a very overbought 98.11.  10-year bond yields fell slightly to 0.685% and Oil (WTI) fell for a change, closing at $32.08/barrel.

During the day, BA announced they will lay off 7,000 workers this week, part of their plan to cut 10% of their workforce.  The cuts come on the same day BA restarts the production of its fiasco 737 Max plane and are major order cancellations the company blames on the virus.  In related news, the CEO of AAL told an investor conference they will not declare bankruptcy, because that would mean admitting defeat. However, AAL does plan a 30% reduction in staff.

In tech news, still furious over having his tweets fact-checked for a change, President Trump has lumped TWTR in with everything else he considers “fake news.”  So, he is expected to order a review of a law protecting online outlets against liability from any lies spread by users.  (I don’t know how that works exactly.  It was passed by Congress and signed by a President.  So, I’m not sure how a different President can order it changed.  Still, he is expected to sign the review order today.)  TWTR is obviously on the “enough lies” side of the argument, while FB is on the opposite side because they don’t want to check any of the posts made by their users.

$97 for the next 100 subscribers, then $147

The other big non-economic story today is likely to be China.  After the close, the House sent a China sanctions bill to the White House for signature.  This comes on the same day Sec. of State Pompeo told Congress Hong Kong is not autonomous and no longer deserves special trade status.  Finally, overnight China ratified the new security law (ahead of schedule to spite the US) that has caused the latest uproar.  So, another round of trade war seems quite possible, if not likely.

On the Virus front, the global headline numbers are 5,813,289 confirmed cases and 357,896 deaths.  The ECB said they expect the Eurozone economy to contract 8-12% for 2020.  At the same time, their just proposed $827 billion stimulus fund has not been ratified (and will not be voted on for months) as it apparently has some opposition from countries fearing the tranfer of wealth from rich to poor countries (although notably not from the richest, Germany or France who had proposed the fund.)

In the US, we have 1,745,911 confirmed cases and 102,114 deaths reported to date. The Healthcare Cost Institute (an independent no-profit) released data Wed. showing that the number of daily deaths in the US between April 1 and now is 10% higher than the same days in previous years (2014-2019).  On the legal side, President Trump and other Republicans have attacked and threatened lawsuits over the idea of mail-in ballots.  Their claim is that it would increase the threat of voter fraud, while the counter-claim is that mail-in voting has been in-place for centuries in the US for many groups.

Overnight, Asian markets were mixed again as the US-China tension leads to trade war fears.  However, Europe stocks are green across the board so far today.  As of 7:30 am, US futures are mixed, with the President’s threat keeping the QQQ  red while the S&P looks at a half percent gap up and the DIA at almost a percent gap up at the open.

Major economic news on Thursday includes Apr. Durable Goods, Q1 GDP, and Weekly Jobless Claims (all at 8:30 am), Apr. Pending Home Sales (10 am), Oil Inventories (11 am), and a FOMC Speaker (Williams at 11 am). Major earnings reports include ANF, BURL, CSIQ, DG, DLTR, MOMO, SAFM, SHOO, and TECD before the open.  COST, CRM, DELL, DXC, JWN, MOD, MRVL, TCOM, ULTA, VMW, and WSM all report after the close.

A lot of economic data comes before the open today. It seems the bulls are in control, but US-China and TWTR-Trump tensions could dampen the mood of traders.  Keep in mind that gap and fade (and yesterday re-rally) have been the norm. So, volatility remains the market constant.  Keep your eye on the short-term chart and don’t hesitate to lock in profits.  Above all, don’t chase or predict, and remain cautious about longer-term swing trades.

Ed

Trade ideas for your watchlist and consideration: PLAY, CAKE, PENN, MU, SHAK, VALE, AAP, AG, SLV, OKE, ASML. Trade smart, take profits along the way and trade your plan. Also, don't forget to check for upcoming earnings. Finally, remember that the stocks/etfs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

|607% in just 24 months |

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

Bulls Looking to Gap Again

Markets gapped higher on hopes that a vaccine will have some sort of preliminary data from a small human safety trial in July.  From there markets ground and faded the rest of the day, maybe on news of another ratcheting of tension between the US and China.  Although reported over the weekend, Tuesday afternoon news that the White House is considering specific sanctions on China, which preceded the late-day fade.  The SPY closed up 1.23%, the DIA up 2.19%, and the QQQ printed an ugly big black candle to close down 0.27% after its almost 2% gap higher to open.  The VXX closed down slightly to 33.83 and T2122 rose again to the nose-bleed area at 96.32.  10-year bond yield rose to 0.695% and Oil (WTI) rose to $34.25/barrel.

During the afternoon Senate Majority Leader McConnell said Congress will “probably” need to pass another coronavirus relief bill.  This comes after 10 days of declaring the Democrats bill DOA.  Among key Republican demands are liability immunity for those businesses whose workers contract coronavirus at work.  McConnell’s statement falls in-line with President Trump acknowledging the need for another round of stimulus.

$97 for the next 100 subscribers, then $147

On the Virus front, the global headline numbers are 5,709,551 confirmed cases and 352,753 deaths.  In China, the city of Wuhan has completed 6.5 million tests in 9 days as fear of a second wave in the city are being taken seriously.  Meanwhile, in Europe, France announced a $9 billion fund to aid its auto industry.  Germany also extended their social distancing rules through June, but reduced travel restrictions to many countries at the same time.  The EU unveiled the French/German plan to borrow $827 billion for a recovery fund to lend member states.  This is in addition to the original bailout program which still has $600 billion of unemployment, loan and investment funds available.

In the US, we have 1,725,808 confirmed cases and have broken the 100k level in deaths with 100,625 reported to date.  F was forced to pause production at a Kansas City plant after another employee was diagnosed and a “deep cleaning” of the plant must be done.  CA also announced after the close that it will allow barbershops to open in most counties.  On the other side of the country NY Governor Cuomo said they will move forward infrastructure projects like subway expansion, Train Station redesign, etc. in an effort to stimulate the economy.

Overnight, Asian markets were mixed, but tended to be closer to flat except for a very green India.  Europe also shows a little red, but in general is leaning heavily to the green side, especially in the three major bourses (FTSE, CAC and DAX), which are up 1.5-2%.  As of 7:30 am, US futures are also pointing to a mixed gap higher at the open (QQQ 0.7%, SPY 1.4% and DIA 1.65%).

Major economic news on Wednesday is limited to an FOMC Speaker (Bullard at 12:30 pm) and the Fed Beige Book (2 pm).  Major earnings reports are also limited to RL and VIPS reporting before the open.  Then ADSK, HPQ, NTAP, SPTN, TOL, and WDAY report after the close.

It seems the bulls are very hopeful about the economic recovery.  So, we could see them run again today.  However, don’t forget yesterday’s gap was met with a selling fade (especially in the QQQ).  So, “gap and chop” remains real.  Keep your eye on the short-term chart and don’t hesitate to lock in profits.  Above all, don’t chase or predict, and remain cautious about longer-term swing trades.

Ed

Trade ideas for your watchlist and consideration: M, NIO, UAL, DUST, DXC, UCO, CBOE, BP. Trade smart, take profits along the way and trade your plan. Also, don't forget to check for upcoming earnings. Finally, remember that the stocks/etfs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

|607% in just 24 months |

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

US Partiers and More Talk of Vaccines

Markets were generally listless on Friday as many traders had apparently already left for the long weekend. The major indices opened flat and that’s largely how they stayed all day.  The only real take-away from the daily chart is that resistance held again.  At the close, the SPY was up 0.19%, the DIA down 0.06%, and the QQQ up 0.35%.  VXX was down slightly to 34.35 and the T2122 4-week High-Low Ratio climbed further into overbought territory at 90.98.  The 10-year bond yield fell slightly to 0.657% and Oil (WTI) fell slightly to $33.25/barrel.

As had been predicted, HTZ filed for bankruptcy over the weekend.  The White House also threatened US sanctions on China and revocation of Hong Kong’s special trade status with the US.  This was in reply to a new Chinese security law which impacts Hong Kong.  China responded with a statement this means we are entering a new cold war.  The latest development has both sides now blocking flights from the air carriers of the other country, including DAL and UAL.

$97 for the next 100 subscribers, then $147

On the Virus front, the global headline numbers are 5,611,540 confirmed cases and 348,328 deaths.  Brazil has become the new epicenter of the pandemic with a runaway infection rate and now has the second most number of cases to the US.  As a result, over the weekend the US had to impose travel restrictions on people who are from or who have visited Brazil.  Elsewhere, an ex-officio member of the ECB said they are likely to add more stimulus on top of the recently announced $817 billion plan.  (The next ECB meeting is on June 4.)  In Germany, Lufthansa received a $10 billion bailout from the government, which also gives the German government a 20% stake in the airline.  Finally, the UK also began easing Monday.

In the US, we have 1,706,226 confirmed cases and 99,805 deaths.  All 50 states have reopened at least partially now.  On Sunday, data showed that for average daily new case counts, 19 of the states have rising rates, 23 states are holding relatively steady, and 8 states have rates trending downward. Meanwhile, Boston Fed Pres. Rosengren announced the Fed will begin its lending program to mid-sized companies over the next 2 weeks.  This is similar to the PPP loan/grant program, but focused on larger companies (15,000 employees or less).   This came as a White House Economic Advisor told reporters the US Unemployment rate may still be over 10% in November.

Overnight, Asian markets were strongly green as vaccine hopes overrode fear from China/US tensions.  Europe is also green for the most part, but not quite as strongly so far today.  As of 7:30 am, US futures are also pointing to a 1.5%-2% gap higher at the open.

Major economic news on Tuesday is limited to conf. Board Consumer Confidence and April New Home Sales (both at 10 am).  Major earnings reports are also light with AZO, BNS, BAH, and ESLT reporting before the open.  KEYS and VSAT report after the close.

Everybody feels good after a long weekend and that rings true for the markets as well. With hope for a vaccine and seeing crowds shopping and partying again all weekend, Tuesday is looking like a bullish start to the week. However, the “gap and chop” has been real for months. There is also no evidence for any of the vaccines (just hope that we may see some evidence in several months). And while America revels in its freedom, it does so despite the best advice of experts (not because of it).  So, the only guarantees are uncertainty and volatility.  Watch the short-term chart and don’t hesitate to lock in profits.  Above all, don’t chase or predict, and remain cautious about longer-term swing trades.

Ed

Trade ideas for your watchlist and consideration: INSG, TWLO, ETSY, RRC, AR, TFX, EBAY, BCRX, GRUB, ILMN, DXCM, KMX, CSX. Trade smart, take profits along the way and trade your plan. Also, don't forget to check for upcoming earnings. Finally, remember that the stocks/etfs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

|607% in just 24 months |

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

Memorial Day Weekend Ahead

The weekly jobless claims came in higher than expected Thursday (yet still slightly trending down from the previous weeks).  This caused a flat open and down day as resistance held again.  The QQQ faired worst among the major indices, falling 1.09% (and printing a Bearish Engulfing candle).  Meanwhile, the SPY was down 0.69%, and the DIA down 0.29% (both on indecisive candles).  The VXX rose slightly to 34.68 and T2122 pulled back a bit to 82.79.  10-year bond yields were unchanged at 0.68% while Oil (WTI) climbed again to $33.91/barrel.

On the Virus front, the global headline numbers are 5,218,711 confirmed cases and 335,072 deaths.  Latin America has overtaken the US and Europe as the region with the most new cases for each of the last three days.  Brazil, Peru and Mexico are the worst-hit countries in that region.  In China, researchers are finding that in the new Northern China outbreak, the virus is acting differently.  Patients there are carrying the virus for a longer period before showing symptoms (raising the amount of asymptomatic spread threat). In addition, they are taking longer to test negative after the first symptoms appear, which raises the amount of care needed. Patients also have more localized damage (in the lungs) and less damage to heart, kidneys, and stomach.  Ominously, this all implies that mutations may be underway. We just don't know if any mutations would be favorable or unfavorable for humans yet.

$97 for the next 100 subscribers, then $147

In the US, we have 1,621,333 confirmed cases and 96,363 deaths.  All 50 states now have at least a partial reopening, and as expected about a third of states are showing an increase in new daily cases.  However, about 14 states have also shown decreases.  Bear in mind that both of these numbers could be deceiving, because there is a significant lag between infection and diagnosis, as well as between testing and state-reported results.  After hours, the President says he expects a second wave of the virus, but regardless of what comes he won’t close the economy back up..."we'll fight fires" instead.

Overnight, Asian markets were deeply in the red as China plans to impose new security restrictions on Hong Kong and the US continues to escalate tensions with China.  Europe is at least partially mixed, but all the major bourses are in well into the red so far today.  As of 7:30 am, US futures are also pointing to a half percent gap lower across the board.

There is no major economic news Friday, in front of the Memorial Day weekend.  Major earnings reports are also limited to BABA, BKE, CAE, DE, and FL, all before the open.

The bulls refuse to back down, but resistance is proving hard to break at least for the large-caps.  With the lack of data and earnings drivers on Friday and with the long weekend ahead, we may see indecision continue or a move on lower volume.  Keep in mind that the bears have had no teeth for a couple of months and the bulls no fear.  However, the “gap and chop” has been real.  So, the only guarantees are uncertainty and volatility.  Watch the short-term chart and don’t hesitate to lock in profits.  (Put a little money in your pocket for the weekend.) Above all, don’t chase or predict, and remain cautious about longer-term swing trades.

Ed

No Trade ideas for today. It's Friday (payday) and we have a long weekend ahead. Put some money in the bank while you can. Trade smart, take profits along the way and trade your plan. Also, don't forget to check for upcoming earnings. Finally, remember that the stocks/etfs we mention and talk about in the trading room are not recommendations to buy or sell.

🎯 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.

Hit and Run Candlesticks / Road To Wealth Youtube videos

|607% in just 24 months |

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

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