FED’s On Deck

The FED is on deck today. Hopefully, the market will this the news and start a long bullish move on the overhand the market might not care for the FED news. Yesterday the SPY gapped down, finding our $300.00 support line, and the crawled back as much as it could still leaving a gap. Any bullish strength today or tomorrow would have to carry the SPY over $301.45, a show of weakness below $300.00 would set us up for a test of the July 19 low.

The VIX closed well showing a bit of fear in the crowd, a close over $14.50 would spark a bit more fear, maybe enough to start a fire. Over $14.50 would also be over the 50-SMA. The T2122 chart has moved back up and above it’s 34-EMA closing yesterday at 74.90

Check out our 3 new YouTube videos👈

What We're Trading

✅ No closed trades yesterday nor any buys. CPB (Option) is up 6.12%m CVS is up 8.19% (Option), GE is down 4.5% (Option), KO is up 4.2% (Option), KSS is up 23% (Option), VXX is down .02 (Option), WBA is up 4.42% (Option) X is down -6.9% (Option), XLF is down 2.5% (Option) If you are interested in trading simple directional options, risking less money and BIGGER rewards send me an email, at contact us Attn: Rick

😊 Have a great trading day - Rick

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for the QEP (QEP) Quality Entry Patterns). ARWR, OXY, X, SHAK, GE, BX, GS, CVS, YELP  Check Earnings!

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

$50.00 discount with code: Privilege

🎯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

Comments are closed.

click/touch to navigate
Skip to toolbar