HRB – Bearish “h” Pattern

The Bearish “h” pattern on HRB is causing us to consider this a short trade below $29.65. A few things to consider on the chart: The double top and the Evening Star, the Blue Ice failure and the Bearish “h” Pattern

Good Trading – Hit and Run Candlesticks

Learn more about Hit and Run Candlesticks, and today’s trade idea and plan plus the 10 or more members trade ideas, starting at 9:10 EST AM every morning. Every day we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

►Trade Updates – Hit and Run Candlesticks

Not much change in our trading account, we still have a few longs and a few shorts. Overall we have cut back in our positions to reduce risk; we currently are more into managing what we are in rather than owning anymore. We like it best when the Bull or the Bear is an owner of the market, right now they are wondering them selves.

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► TTWO – You would be up 21.88% or $1699.00

If you bought 100 shares when we posted to our members on June 5. Hit and Run Candlesticks members practice trade management and trade planning with Price and Candlesticks, The T-line, Trend, Trend Lines, Chart Patterns, Support, and Resistance.

► Eyes On The Market (SPY)

That 34-EMA and 50-SMA is giving the Bulls a bit of trouble, they can seem to step over them. The short-term trend (using the 8-EMA) is below the 34-EMA suggesting the short term Bears are strong and healthy. Bullish over $245.90 and Bearish under $243.65

With yesterday’s inside day Doji close it would seem the buyers and sellers are still at undecided on a Bullish Breakout or to continue the trend down. With the T-Line below the 34-ema, I must give the game to the sellers, and the buyers are fighting like crazy. Price the most important player on the field is still below the major trend line and below the T-Line and the Bulls have not broken the Lower High Lower Low cycle. We are keeping our inverse ETF list handy.

► What is a Trade Idea Watch-list?

A trade idea watchlist 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.

Rick’s personal trade ideas for the day MEMBERS ONLY

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Investing and Trading involve significant financial risk and are not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is 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 advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.