Market closes early today, don’t forget to make adjustments to your portfolio if you need to. DIS is trending very nice, working slowly to break through the grips of $142.60. KO closed higher yesterday to challenge the recent tops. Green on both DIS and KO. PFE is also showing us the money and challenging the recent tops. TLRY is down, but we are still holding above our stop and the current chart pattern. I was expecting a better job from X; it is still above my support line for now. A few stocks we are actively trading and happy to share them with you. Note not all trades are for everyone.
Have a Great 4th Of July Weekend!!
Market closes early today to and closed all day tomorrow. I seriously doubt today will be much more than chop while most traders are heading out of town. I SPY closed pretty good yesterday, and the futures are pointing to a higher open today. The bullish J-Hook is looking good. Now the bulls just need to keep it going. Let’s keep in mind the SPY 300 mark is only about 5 points away, that could be what the buyers want; we just need to mind the chart and keep track of price action. The VXX showed zero fear yesterday, I think that the chart is already on vacation.
Have a great trading day - Rick
Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.
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.
✅ A Traders Edge In All Markets
The LTA Scanner can filter out charts that are trending, up or down and alert on charts that have Candlestick signals and patterns, western patterns and when indicators, such as MACD, Stochastics, RSI or Bollinger Bands have crossed or reaches the desired level. 😎 One of my favorites is the T-Line Band Scan. The right tools for the job.
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