50-SMA Archives - Page 112 of 128 - Hit & Run Candlesticks

SPY, DIA’s Record Highs

July 12, 2019 by Rick Saddler

SPY and the DIA’s are headed into record territory partly because of the purposed rate cut, and right now there are more buyers than sellers. Closed a few trades yesterday, PFE for a loss on the gap down below the T-Bands and trend line, AMD for a 23% profit. BABA has struggled the last 2-days, and it’s on a short leash now. INTC is trying to challenge the 200-SMA and our green upper T-Line. The price action of WBA brought in a few sellers while the price held above the T-Line, keeping stops in place. Again I what to congratulate the great profits pulled out of the market yesterday by the HRC subscribers.

👉 Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime. To learn more about us or join in the live trading room consider an HRC membership or trial

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.

Pre-Market Thoughts

The big winner yesterday was the DIA’s with a gap and ran into the close and the 10-day J-Hook continuation pattern breakout. Of course, now follow-through is needed. The SPY is flirting with the $300.00 line while testing it pre-market. Using the T-Line and the T-Bands, the SPY trend is still bullish, and as of yesterday, the price action is while timid shows no hardcore selling. Right now, there are more buyers than sellers, watch price action (Candlesticks), and the trend for signs of sellers outnumbering the buyers. At one point yesterday the VXX chart started to make a move but fell short without follow-through. Still no fear in this market.

😊 Have a great trading day – Rick

🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade: PYPL, TGT, and ZS. Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19 (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Trade-Ideas

✅ It’s Friday no trade ideas today: Fridays are a good day to clean up your balance sheet. Takes a few profits and clean out the deadwood. Trade smart and wait for for the QEP → (QEP) Quality Entry Patterns). Check Earnings!

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.

We use The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

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

Closed SNAP 23.62%

July 11, 2019 by Rick Saddler

Closed SNAP for a 23.62 profit today, a good base hit. Ever wonder if Hit and Run Candlesticks members make money? Check out the trading room post from today. July 11, 2019

✅ (09:31 am) Bill M.: Out CVS for 78%

✅ (09:32 am) moto c: out CVS 69 %

✅ (09:36 am) Aaron B: out FB +35%

✅ (09:40 am) Mike N: In the “even a blind squirrel finds a nut once in a while”, I sold my CI call this morning for a 110% profit.

✅ (09:43 am) Aaron B: Out DIS +32%

✅ (09:52 am) Aaron B: Out COST 34%

✅ (09:54 am) Victoria E.: Was long AMD, not in the room yesterday, but saw in the blog your note on price action, sold before it turned down this AM for almost 8%, thanks, 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.

😊 Have a great trading day – Rick

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AMD Risk vs. Reward

July 11, 2019 by Rick Saddler

No trades were taken yesterday, July 10, 2010. But we did close AMD for a 21% profit, after being up four days and approaching resistance we felt the risk was a bit high. We will take a 21% base hit all day long. BABA felt some profit taking yesterday, still above our stop. INTC closed above the mid-T-Line Band and + 10.6%. PFE closed back above the mid-T-Line Band with a Morning Star type pattern. SNAP closed with another Doji, still waiting for a breakout. WBA riding the upper T-Line Band looks up pre-market.

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.

Pre-Market Thoughts

For those using the Live Trading Alerts Scanner, the Bull J-Hook scans and the Bull Trap scans are really producing right now.

The SPY gapped up yesterday and held, closing with a Doji between the upper green T-Line Band and the Blue T-Line Band. Price action and the trend are still pointing to bullishness; The market seems to be ok with the FEDS attitude on rates. The past nine candles in the SPY is trying to paint a J-hook continuation picture, a breakout and test would go a long way in justifying a bullish swing over $300.00.

The CBOE Market Volatility Index VIX-X did not have a lick of fear in it as of the close yesterday. Keep in mind that can change with a blink of an eye. The VIX-X closed down another 7.21%, below all T-Line Bands and the Bands are still trending down.

😊 Have a great trading day – Rick

Trade-Ideas

✅ For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for for the QEP → (QEP) Quality Entry Patterns). SBGI, WW, DPLO, PEP, NVCR, STZ, DIS, CTL, SQ. Check Earnings!

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.

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

BABA and INTC

July 10, 2019 by Rick Saddler

Life is Simple Just Add Water. Yesterday 7/9/2019 we bought BABA near the lower red T-Line support band and ended the day up 3.3%, a few more buyers and follow-through would make chicken and gravy. We also bought INTC yesterday 7/9/2019 near the lower red T-Line support band, up for the day 2.6%, let the games begin. AMD up 13.9% is working hard to challenge the June 10, candle. SNAP up 18.1%, holding in the T-Bands with a Doji close yesterday. WBA is walking up the Green T-Band looking for a breakout.

👉 Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime. To learn more about us or join in on the live trading room consider an HRC membership or trial

👉 Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.

Pre-Market Thoughts

After papping down, the SPY closed up 0.37 still floating in the T-Bands and the T-Bands are still trending up. Yesterday candle closed over the previous candle putting a bullish spin on the chart pattern. Now If only the market likes what the FED has to say we could see the $300.00 number tagged and a J-Hook Continuation pattern drawn. Below the Blue band, the Red lower band will be the target ($293.00ish) The VXX chart is trying to hold a bottom but shows no fear at all. If fear kicks in we should see the VXX chart move above $25.10. We are still prepared for chop today while managing our positions.

😊 Have a great trading day – Rick

The LTA Alert Scanner and TC2000 are my tools of choice WHY? Because they work!.

Trade-Ideas

✅ For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for for the QEP → (QEP) Quality Entry Patterns). OPK, BIIB, BSX, V, MA, BX, KTOS, ARLO, IOVA, AIG. Check Earnings!

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.

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

Chop For A Couple Days?

July 9, 2019 by Rick Saddler

Picked up a little AMD yesterday; AMD alerted from the LTA Scanner Friday with a Bullish Engulf T-Band Breakout and yesterday demonstrated follow-through. We also picked up WBA yesterday with the (RBB) strategy; price is riding the green T-Band line and a Pop Out of The Box Breakout pattern. TGT is still trapped in the Bands now challenging the Green line for a breakout. SNAP holding above price support with a Doji yesterday; follow-through could kick price above the green line for a nice profit.

Full disclosure, we are actively trading all stocks mentioned in the above paragraph. We may close or add more at anytime.

Pre-Market Thoughts

The SPY closed down a Buck .64 yesterday with a Doji between the green and blue T-Band lines. A close today below the blue mid-Line will put the lower red line in the crosshairs. Price above the lower red line keeps the buyers fairly happy, a close below the lower red line will cause some bull discomfort, and the VXX will become active. The 60-Min chart is suggesting $293.05 could be tested before the days end. I suspect the SPY is reluctant to charge upward until it hears what J. Powell has to say about future rate cuts and timing. We are prepared for a choppy couple of days (are you?) The VXX chart has had very little interest by buyer. However, a close above $25.10 will put the VXX chart in the conversation.

😊 Have a great trading day – Rick

The LTA Alert Scanner and TC2000 are my tools of choice WHY? Because they work!.

Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.

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

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

J Powell on the Hot Seat

July 8, 2019 by Rick Saddler

Starting Wednesday Jerome Powell is on the hot seat in front of Congress. Earnings season is in the air, so let’s dig out our earnings trading rules. Not much change from last week we did close DIS with the intention of buying it back. PFE is stuck in the trending T-Band Trap. We are up 16% on SNAP and SNAP looks like it wants to be above $15.80. TGT finished last week in good shape running up the lower T-Band. X has been a bit of a pain but Friday it did perform well with a Bullish Engulf and on support. A few stocks we are actively trading and happy to share them with you. Note not all trades are for everyone.

Pre-Market Thoughts

Friday the Buyers took control and closed the SPY above the Open Friday, but could not push us above Wednesday’s close. The trend is still bullish as the players try to push the SPX SP-500 across the 3000 line. For the most part, a SPY close above $294.70 is bullish, below $294.70 would set up a lower band line test. Warning – Earnings start this week. That’s right it’s that time again, earnings, earnings, earnings. The VXX has been dead as a doornail; there simply has not been any fear in this market. Seems to be Bulls everywhere don’t know about you but that makes me a little nervous. Still, we trade the charts for short term profitable swings, not predicting what the future will bring without a chart to back it up.

😊 Have a great trading day – Rick

The LTA Alert Scanner and TC2000 are my tools of choice WHY? Because they work!.

Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.

Trade-Ideas

✅ For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for for the QEP → (QEP) Quality Entry Patterns). SNAP, ZS, CPB, CTL, WP, TROX, GPS, DXC, VNOM, STNG

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

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

June Payroll Numbers

July 5, 2019 by Rick Saddler

The June Payroll numbers are out today, might or might not impact the market, the charts tell the story. We closed DIS to fill the need to put a little folding money in our pockets ahead of the 4^th weekend, but we are seriously looking at buying it back next week. PFE still in our bullish T-Line Bands currently up 13%. Wednesday before the close we bought SNAP, a beautiful T-Line Band breakout followed by a flag Pootb chart pattern. X is surely testing my patients; perhaps it is building an Inverted Head and Shoulders, time will tell. A few stocks we are actively trading and happy to share them with you. Note not all trades are for everyone.

Pre-Market Thoughts

Likely a slow day while most of Wall Street is still on the 4^th of July Holiday. I myself will only be here in the morning and the first couple of cups of coffee. Thinking about going fishing today. The SPY busted out Wednesday almost claiming the $300.00 mark, beautiful support bounce off the upper T-Line Band that is drawing a J-Hook Continuation pattern. Price action today will likely be pulled into Monday and Mondays price action will be important. The VXX chart seems perfectly happy sliding downhill, of course until it’s not.

Have a great trading day – Rick

The LTA Alert Scanner and TC2000 are my tools of choice WHY? Because they work!.

Rick and the HRC Members kick off the trading room starting at 9:10 Eastern We review the market, and today’s trade ideas.

Trade-Ideas

For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. SNAP, EVRI, CPB, SWCH, TRP, UAA, WM, WP, → (QEP) Quality Entry Patterns)

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

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

Market Closes Early

July 3, 2019 by Rick Saddler

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!!

Pre-Market Thoughts

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

The LTA Alert Scanner and TC2000 are my tools of choice WHY? Because they work!.

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

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

TLRY, KO Bought

July 2, 2019 by Rick Saddler

The week is getting shorter. Yesterday we picked up a few TLRY and KO calls. TLRY because of the highs and lows and it is trying to print a J-Hook Continuation pattern within an (RBB setup) and KO is printing a nice weekly Pop Out of The Box pattern. The trend and bullish pullback on DIS is still setting up, yesterday’s Morning Star helps. The J-Hook continuation pattern on X is still being constructed. A few stocks we are actively trading and happy to share them with you. Note not all trades are for everyone.

Pre-Market Thoughts

For the most part, yesterday was a gap and crap kinda day with the buyers and sellers chopping around, and I would not be surprised if the rest of this week turns out to be more chop (buyers and sellers running into each other). Using Price Action and the T-Line on the 2-day chart below $290.10 the sellers might be taking over, above $290.10 and the buyers still have control. And the SPY is trying to hook out of the upper two bands on the T-Band chart. Yesterday the VXX showed no signs of fear which points to a bullish market, what will today bring us? Trade wisely and don’t push the string, pull it. Some days and even weeks, we are better off taking some time off.

Have a great trading day – Rick

Friday 6/21/19 (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Trade Ideas

For your consideration: Here are a few charts we are adding to our watch-list RAD, TLRY, JLL, BX, INO, KO, MSFT, AIG, OSTK →Be diligent and plan your trades out. (QEP) Quality Entry Patterns)

The LTA Alert Scanner and TC2000 are my tools of choice WHY? Because they work!.

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

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

A Short Week OF Trading

July 1, 2019 by Rick Saddler

Every weekend, I say to myself, “Susan, you have to stop drinking wine” Thankfully, I’m not Susan.

A short week of trading starting with a ½ day on Wednesday. Sure is nice to see the futures up. Here are a few I help over the weekend. DIS is setting up inside the T-Bands. KSS had a good Thursday and Friday with last week constructing a turnaround bottom. QCOM is running above the T-Line with the bulls in charge. X is staring a nice little trend; we love the rest run type of patterns. A few stocks we are actively trading and happy to share them with you.

Have a good trading day – Rick

Pre-Market Thoughts

Guess what’s popping today? Yep yep yep the market. The challenge will be price closing over the June 20 high and holding. But heck we are off to a good July start! Follow the trend and manage wisely; today will likely be a good profit day for many. We love the Gap gift and base hits. A positive close over the June high sets us for another J-Hook continuation pattern. Fail the top and close back below the T-Line will put us in the T-Bands again. The VXX is deep below the T-Line, which gives out a now fear attitude. On a little side note, the SPY’s 34-EMA has crossed over the 50-SMA on the daily chart. And you can clearly see a Bullish Inverse Head and Shoulders on both the Dail and weekly SPY chart.

Have a great weekend

Trade Ideas

For your consideration: Due to technical issues there are no trade ideas today → (QEP) Quality Entry Patterns)

The LTA Alert Scanner and TC2000 are my tools of choice WHY? Because they work!.

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

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching