Hit & Run Candlesticks – Your Road To Wealth

Rick’s Trading Blog: May 29, 2026

Current Outlook: 🟢 Bulls in Charge

Market Update: Candlestick Signals Point to Continued Trend Strength

By Rick Saddler, Hit and Run Candlesticks

Good morning, traders!

The AI Train Has No Brakes

The bears are officially on vacation. As we push through late May, the markets are showing incredible resilience, with the S&P 500 and Nasdaq printing fresh record highs daily. The fuel? Continuous, unadulterated enthusiasm around AI, semiconductors, and select tech titans.

The SPY just refuses to quit. If this momentum holds, we’ll hit 760 in the blink of an eye. I guess I’d better get my “SPY 800” hat ordered early. Every time the market looks like it might catch its breath, a new catalyst drops—like Dell rallying 40% on monster AI server demand powered by Nvidia.

The Takeaway: In this market, it pays to be positioned exactly where the liquidity is flowing.

This is exactly the kind of environment where high-probability candlestick patterns truly shine. When the trend is your friend, and the T-Line (8 EMA) acts as dynamic support alongside the Trendicator, trading becomes a beautifully structured game of patience and execution.

📊 Market Dashboard: How Our Indicators Are Shaping Up

On My Radar: Candlesticks, Sectors, & The T-Line

1. The Institutional Footprint

When the market consolidates, don’t get shaken out—look for clues. I’m watching for Bullish Engulfing and Piercing patterns setting up right against the T-Line. When you see those patterns print there, it’s a sign that institutions are actively defending the trend. That’s our cue to follow the big money.

2. Trading High-Volume Breakouts

High-percentage moves are hiding in plain sight. Take a look at Micron ($MU$) exploding out of its base. When a leader breaks out on massive volume with a strong, solid white candle, it demands your attention. These are the exact setups we look to exploit.

3. Follow the Money Rotation

Right now, tech and industrials are the undisputed market leaders. Meanwhile, energy and consumer staples are taking a back seat. Brent crude has cooled down to around $90, which is giving the broader market some breathing room. This type of sector rotation is exactly what a healthy bull market looks like. Don’t fight it—trade the strength.

Golden Rule: Discipline always comes before profits. No matter how bullish a chart looks, keep your risk locked down. Place your stops below recent swing lows or pull the plug on a decisive close below the T-Line.

🛠️ The Road to Wealth Rule

The Path of Least Resistance: As long as the price stays above the 8-period EMA, and the 8-period EMA remains above the Trendicator on the daily chart, and we get bullish candle confirmation, the path of least resistance is higher. A daily close below the T-Line is our very first warning to tighten up stops and protect capital.

What to Watch Today and This Week

• Macro Catalysts: Ongoing developments around trade, geopolitics (Middle East updates), and upcoming Fed speakers. The market has digested these headlines with a distinct risk-on bias so far.
• Earnings Momentum: Follow-through in big tech names will dictate if this leg has immediate legs.
• Volume & Candle Closes: Strong white candles accompanied by increasing volume are your best friends for validating high-probability entries.

Today’s Trading Plan Tip

Remember, you don’t always need to be looking for buys at the very bottom of a chart. Trying to catch a falling knife isn’t how you build consistent wealth.

Take a look at our trades yesterday: we bought HOOD right near the top of a big green candle, and we did the exact same thing with PLTR. To an inexperienced trader, buying near the high of the day feels counterintuitive. But here is the reality: buying the absolute bottom isn’t what makes you money; it’s what the stock does after you buy it that counts.

When you buy a strong, high-volume white candle clearing resistance, you are buying proven momentum. Stay focused on the follow-through, not the bargain hunting.

The market is rewarding patience and discipline right now. Stick to the patterns, respect the trend, and let the probabilities work in your favor!

Stay tuned for live room alerts, member e-learning modules, and our updated daily watchlists. If you’re not already a member, check out how our mechanical candlestick system can drastically simplify your trading.

Trade smart, trade the patterns!

Rick Saddler

Hit and Run Candlesticks

hitandruncandlesticks.com

Disclaimer: Past performance is not indicative of future results. Always use proper risk management. This content is for educational purposes only and does not constitute direct trading advice.

My Trading Plan: Rules to Trade By

A successful trading plan doesn’t need to be overly complicated. In fact, the best plans are built on a few simple, repeatable rules. If you want to survive and thrive in these markets, you have to protect your capital, trade with purpose, and let the math do the heavy lifting.

Here is the exact blueprint I use to stay disciplined, focused, and profitable.

🟢 I have been trading for a long time, and a pullback is coming; some traders will not understand this, and some will. Will you be prepared?

1. Trade the Right Environment

• Stick to Proven Patterns: Only execute setups and chart patterns that you know work. If you don’t recognize it, don’t trade it.
• Trade with the Market: Never fight the broader market’s momentum; always align your positions with the dominant market direction.
• Stay Within the Trend: Always trade within an established trend. Even if you are just capturing a quick intraday move, the trend must be your guide.

2. Define the Goal & Protect the Account

• Trade with a Dollar Target: Enter every trade with a specific dollar goal in mind. Know exactly what success looks like before you put capital at risk.
• Overtrading is the Killer: Quality over quantity. Once your setups are done—or your daily goal is met—step away from the screen.

3. The Golden Rule: Every Trade Needs an Exit Strategy

Never put yourself in a position without knowing exactly how you are going to get out. Every single trade requires two distinct exit plans:

🛑 The Damage Control Exit Plan: Your line in the sand. If the trade goes against you, you must have a hard stop or a definitive exit strategy to cut losses quickly and protect your account.

💰 The Profit Exit Plan: Don’t get greedy. Know your target ahead of time so you can confidently lock in gains when the market hits your price.

The Bottom Line

Trading isn’t about guessing; it’s about execution. By following these rules, keeping your discipline, and managing your risk on every single play, you put the odds squarely in your favor. Stick to the plan, trust the process, and let’s get to work.

Start Your 14-Day Free Trial Now and learn what we do, learn our Flagship setups, and ask Rick questions. You will also be receiving Real-Time Trade Alerts.

Current Portfolio Status: ORCL, TSLL, SLV, CRCL, ORCL, NOW, HOOD, FIG, PLTR, PITR, MSFT, GEO,

Closed: 1/2 SMCI 15% gain, GEO 62% gain, Fig 29% Gain, NVDA 44% gain AAPL 22% gain, TSLL 40% gain, CRML 27% gain, INTC 32% gain, NOK 58%, 2/3 CRML 27% gain, WMT 35% GAIN, IREN 23% gain, OKLO 32% gain, PTON 4% gain, Z 22% gain AAPL 50% gain, SOFI 50% gain, OKLO 40% gain, BABA 44% gain, HIMS 46.5% gain, ORCL 20.5%, 1/2 SOFI 17.5%, U 22% gain, ORCL 34.5% gain, MRVL 30% Gain, ARM 42% gain, Closed 1/2 NFLX 40% gain, 1/2 NOK 19.5% gain, NOK 28% gain, ACHC 12% gain

Stocks of Interest:

AA, AAOI, AAPL, AEHR, AFRM, AMD, AMZN, APLD, ARM, ASST, ASTS, AVGO, AXTI, BB, BKSY, CCJ, CNC, COHR, COIN, CRCL, CRDO, CRML, CRWV, CSCO, DBX, DXYZ, ETHA, ETSY, FCX, FLY, FRSH, FSM, GEO, GLW, GOOG, HIMS, HOOD, HUT, IAG, IBIT, ICHR, IGV, INTC, IONQ, IREN, KGC, LAC, LAR, LEU, LITE, LMND, LRCX, LSCC, LUNR, LWLG, MAGS, MARA, MP, MSFT, MU, NBIS, NEM, NOK, NOW, NVDA, OKLO, ONDS, OPEN, ORCL, OSCR, OUST, PALL, PAYC, PAYX, PINS, PL, PLTR, POET, PSX, QBTS, RDDT, RKLB, SBUX, SIDU, SLV, SMCI, SNDK, SNOW, SOFI, TQQQ, TSLA, TSLL, TSM, U, UAMY, UEC, URA, UROY, URNM, USAR, UUUU, WDC, WMT, WULF, XLK, ZETA

✅Space Stocks: RKLB, ASTS, SATS, PL, FLY, LUNR, RDW, VOYG

✅Quantum Stocks: IBM, QBTS, RGTI, IONQ

✅Rare Earth Stocks: MP, USAR, CRML, UUUU

✅Finteck: V, MA, PYPL, AXP, STRIP, SOFI, NU, PGY

✅Nuclear Stocks: CCJ, CEG, DUK, SMR, SO, UEC, OKLO, D, BWXT

✅Drone Stock: KTOS, AVAV, TCAT, NOC, JOBY, EH, ONDS

Join Us Live for Charts & Targets

YouTube: https://www.youtube.com/ricksaddler

 Log in with X: https://x.com/ricksaddler

Log in with our FREE Trading Room

Double Your Money Calculator

Investing and Trading involve significant financial risk and are not suitable for everyone. No communication from Hit and Run Candlesticks, Right Way Options, or their associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service