OA – Run Pullback Bullish Engulf

OA put together a run, pullback and a Bullish Engulf yesterday in a trending chart that has recently broken out of resistance. The 3-day chart is showing a Pop Out of The Box pattern followed by a Doji continuation pattern. Remember you don’t have to be in a hurry to make a trade, you don’t have to catch the bottom to make money. You do want to buy close to support, and you want a chart that can make you money.

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

Yesterday morning we took ½ the profits in TVIX and sat on our hands the rest of the day. Don’t let anyone fool you or trick you into trading; it’s ok to take a day off.

Are you having trouble putting together a winning trade? Not sure what scans to use? So near to having multiple winning trades, but something always goes wrong. Maybe a couple hours with a trading coach could make all the difference in the world. Hit and Run Candlesticks has 4 trading coaches – Learn More about the Coaches

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlesticks, Right Way Options, Strategic Swing Trade Service and Trader Vision.

► INAP is up 38.89%

From our members post on May 16 and popped another 5.56% yesterday. Hit and Run Candlesticks members practice trade management and trade planning with Price and Candlesticks, The T-line, Trend, Trend Lines, Support, and Resistance.

Eyes On The Market (SPY)

The sellers have taken a short-term interest in the SPY as well as the DIA, QQQ, and IWM. The shooting star on the SPY is still suggesting the sellers want to bring the SPY down a bit more, my guess at this point would be the 34-ema and the 50-SMA. IWM has already broken down through the 50-SMA causing the small caps pain.

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

Start your education with wealth and the rewards of a Swing Traders Life – Click Here

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.