A Day OF Rest For The SPY

(SPY) –  Yesterday’s price action ended up being a day of rest for the SPY giving back only .21 cents.  Closing yesterday above the T-Line and the 23.6% Fibonacci retracement is a clue the Bulls are still in charge.

The leading sectors are Technology, Utilities, Consumer Defense, and Healthcare. Healthcare is currently showing signs of a possible top. Price is below recent tops and the T-Line, weakness today will drop price below the Lower T-Line Band as well.

FREE TRADE IDEA – FSLR

FSLR recently broke out of the downtrend line and the 200-sma. Price has made higher highs and higher lows with a Bullish J-Hook pattern off the T-Line.  Start your membership

MNKD is up 20.44% from our members only post on ApMay 23, 2017. Price action and Candlesticks rule!

2500 shares of MNKD was worth $700.00 yesterday –

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your education. Start small and learn

What is a Trade Idea Watch List?

A trade idea watch list is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame.  That time could be one to 15 days for example. From that watch-list, we wait until price action meets our conditions for a trade.

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

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advise to anyone except for the trading desk of Hit and Run Candlesticks Inc.