SEARS Ready To Play?
Sears could be ready to play; a scoop pattern has formed with a breakout above the daily 50-SMA. Yesterday’s close above the daily 50-SMA put SHLD in an (RBB) Rounded Bottom Break Out pattern. Take a look at the 3 and five-day charts, and you will see very good candlesticks price action and they are both Pinball setups.
We will any discuss our trades in detail during our Members Morning Prep starting at 8:45 AM Est. With Steve Risner and Rick Saddler at 9:10 am this morning. members morning briefing
Recently closed
VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% • QQQ 28% • QQQ 179% • TWTR 180% • VXX 375% VIPS 118% • WTW 21.9% •
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Event Calendar
SPY • Bulls are Fighting Back
As of the close yesterday, the sellers are still in the lead. With a price below the T-Line and the T-Line trending down and no evidence that the buyers are outpacing the sellers. BUT the buyers are fighting back, the Doji yesterday and the past four bars respecting the 200-SMA as support suggest the buyers are trying to fight back. To get any bullish party started the buyers must get the price to stabilize over the T-Line.
The VXX short-term futures
VXX has been a good money maker for many of our members. As always let price speak to you and of course “listen.”
Rick’s Swing Trade Ideas Reserved for Subscribing Members
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Focus Trading Education
Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning, Fibonacci, Stoch/RSI
To learn more about our trading tools join us in the trading room or consider Private Coaching.
Investing and Trading involve significant financial risk and is 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.
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