50-SMA Archives - Page 114 of 129 - Hit & Run Candlesticks

In Japanese, the word for Friday

June 28, 2019 by Rick Saddler

In Japanese, the word for Friday is formed from the words kinsei, meaning Venus (which literally translates as “gold + water”) and yōbi, meaning day.

Not much of a change from yesterday, bought a little QCOM. DIS is wondering inside the T-Bands, KSS still trying to construct a bottom, PFE printed a Bullish Harami yesterday, QCOM is building a trend filling the gap, TGT printed a Doji tight on the lower T-Band and X is trying to construct a J-Hook continuation pattern. A few stocks we are actively trading and happy to share them with you.

Have a good trading day – Rick

Pre-Market Thoughts

Who else will be glad when the G20 Summit is over? OMG, the presidential debates are starting, gonna be a long year listening to all the B.S. Crap!…. Your thinking the same but we digress. Yesterday the SPY printed a Doji (Indecision) near the June 11, candle and near the top green T-Band line. Downside follow-through could be around $286.552. It wouldn’t take much to fire the buyers up to challenge the $293.70 which would set us up for a challenge of the recent highs. The VXX 2-hour chart ended the day below the T-Line, and the FNGU chart ended the day above the T-Line and above the Dotted Deuce looking at the 200-SMA. As always be reducing your trading risk and increasing profitable probabilities.

Have a great weekend

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: Friday we don’t post trade ideas, we feel Friday are for cleaning up your portfolio, study and taking off early. If you are a hard-core trader on Fridays just remember → (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

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.

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

US-BA Causing Presure

June 27, 2019 by Rick Saddler

💲 BA is causing pressure on the pre-market. Yesterday we sold our SPY puts for a nice profit, turned around and bought the IWM puts. We also added to our X trade. DIS is still holding our trade pattern. The CSCO trade is consolidating within our trade pattern. KSS is still trying to pound out a bottom, while TGT is still testing for footing. PFE is choppy and hard to manage, might have to let it go if the stinker doesn’t attract buyers. These are a few stocks we are actively trading and happy to share them with you.

Have good trading day – Rick

Pre-Market Thoughts

BA is causing a bit of a stir in the market this morning, and the G20 is kicking off. No doubt we will get reports all day long about the Trump and XI trying to hammer out a deal which will drive the market crazy. The SPY closed at yet another lower low yesterday suggesting the buyers are not playing the game. At this point, the SPY might be looking at the 50-SMA as a place to relax. The VXX really went nowhere yesterday except it did hold the reversal it is trying to build. The VXX price has held over $26.70 for two days now, “concerning.” In my humble opinion, trading the market this week and for the next 20 days is like walking through your back yard….and you have nine dogs.

Trade Ideas

For your consideration: XLNX has turned back up and has constructed a bottom. Currently testing the 50-SMA off a Run and a pullback. XLNX has also broken out of the T-Bands. Bullish over $114.00 with a (QEP) Quality Entry Pattern)

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. LB, XLNX, AAOI, MPC, AKS, SPWR, OSTK

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

US-China deal is 90% complete.

June 26, 2019 by Rick Saddler

💲 Stock futures surge after Secretary Munchin says US-China deal is 90% complete. We closed our IWM Puts yesterday 44.19% to satisfy our profit taking craving. We will close our SPY puts today with profits if the chart agrees. We added to DIS yesterday on the Piercing candle following the Hammer. The NVDA trade we are in has been in a bullish pullback to trend, pre-market suggest the buyers are buying a little. Yesterday we also bought X and we love to wake up to positive trading, the pre-market suggest buys are up early today.

Have good trading day – Rick

Pre-Market Thoughts

This morning on the market is up pre-market on the US-China deal, as traders, we need to watch the charts making sure it’s not lip service and the investment world also believes this. We had a support line at the SPY $290.95 (tagged and bouncing). For this bounce to make good, we need to see the SPY close above $293.70. The SPY has been in a Bullish pullback IMHO; the daily chart still sees a Low/ High– Higher/ Low – Higher/ High and so far a Higher/ Low The VXX is down below our $26.70 line pre-market, back above $26.70 and the VXX is back in the building.

Trade Ideas

🥧 For your consideration: The downtrend is in place, and the relief rally has started, price has tested and closed over the 50-SMA. You don’t need to be a hurry. One condition I would like to see the 34-EMA over the 50-SMA.

Disclosure: We did buy a little X yesterday Remember to wait for the (QEP) Quality Entry Pattern for best results. 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.

👀 The LTA Alert Scanner and TC2000 are my tools of choice 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. TEVA, NVAX, MYL, X, MOS, BMA, WBA, CPB, DIS, LYFT, TLRY

✅ A Traders Edge In All Markets

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

Haning Man -Bought SPY Puts

June 25, 2019 by Rick Saddler

💲 Overall a pretty quiet day yesterday, with the G20 Summit around the corner the market seems to be walking in place, at least until the rumors start. Our IWM Puts are working well, and yesterday we picked up a few SPY Puts. We also bought a little NVDA near the support line (very tight stop on this one). PFE has printed a couple of Doji’s and holding above support.

Have good trading day – Rick

Pre-Market Thoughts

Thursday last week the SPY printed a Hanging man candle and both Friday and Monday where both confirmation days. As I mentioned above, we did buy a few SPY Puts yesterday looking for weakness and profits over the next couple days. With yesterdays lower low, the $290.95 area is showing a little support. Therefore, the probabilities are that price action will search it out. VXX held a higher low yesterday by the buyers, and the $26.70 line held the buyers back. Above $26.70 in the VXX and this market could heat up. Of course, the G20 can be a game changer for the good or the bad. Note that the SPY is still trending above the T-Line and the T-Line bands while IWM is below the T-Line and yesterday met up with the T-Band High.

Trade Ideas

🎯 For your consideration: ORCL was holding the gap with a Bullish Harami yesterday. With a show of strength and positive trading above $57.00, we will consider a long trade. Remember to wait for the (QEP) Quality Entry Pattern for best results. We do not act on all trades we mention, and not all mentions are acted on the day of the mention. All trades we mention are for your consideration only.

👀 The LTA Alert Scanner and TC2000 are my tools of choice 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. QCOM, MLNT, ACB, FSM, SNAP, SPOT, NVDA, DIA, SPY, VXX

✅ A Traders Edge In All Markets

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

Market Survived The Weekend

June 24, 2019 by Rick Saddler

💲 We closed our ROKU near the top and will wait for the resting pull back to find buyers. DIS is trying to build a pattern, a breakout and we should be golden. CSCO started out in good shape Friday, then turned to poop but as long as the support and the pattern holds we will stay in. We also sold AIG for a small profit because of the bearish Engulf. PFE is another we bought, holding well in the trend, trying to follow-through with a J-Hook pattern. And last we bought TGT Friday, 2-day chart Morning Star in a bullish (PBO).

All buys and closes announced in the HRC Live Trading Room, be sure to tune in starting at 9:10 Eastern when I’ll review the market, trade ideas.

Have good trading day – Rick

Pre-Market Thoughts

Well, it looks like we survived the weekend to have a profitable week! And the G20 Summit kicks off the end of the week. Last week the SPY rallied a bit then rested on Friday, above $290.95 the buyers/bulls have control. A little pullback followed with a buy pattern would set the charts up nice for us. If the sellers/bears can chisel price below $290.95, the downtrend line would start to pop out, and the sellers/bears might start to think they are going somewhere. The VXX perked up a little Friday, below $26.70 fear is weak. Above $26.70, fear can begin to build strength, keep an eye on the VXX, and be cautious.

Trade Ideas

🎯 For your consideration: TLRY has now rallied over the 50-SMA and with various bullish conditions. TLRY is an (RBB) Rounded Bottom Breakout Strategy with a buy box between $45.45 and $51.65. We will use the (RBB) targets. Remember to wait for the (QEP) Quality Entry Pattern for best results.

👀 The LTA Alert Scanner and TC2000 are my tools of choice 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. TLRY, OSTK, NVAX, TGT, MDR,

✅ A Traders Edge In All Markets

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

Lots Of Green

June 21, 2019 by Rick Saddler

💲 Sold GDX yesterday 46% after buying it Wednesday, gaps are gifts and love it. AIG woke up yesterday and is drawing us a J-Hook continuation pattern, currently positive on AIG with 10%. Bought a little DIS yesterday up 5% so far. And GE is working with a 20% profit along with SNAP and a 30% profit. CRON is not quite green but working on it.

All buys and closes announced in the HRC Live Trading Room, be sure to tune in starting at 9:10 Eastern when I’ll review the market, trade ideas.

Have good trading day – Rick

Pre-Market Thoughts

Sweet day yesterday, we heard from so many HRC and RWO subscribers that were good and green. We love to hear your feedback. Here is a quote from Aaron B.

(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!

SPY gaps to new highs and closes with a Hanging man Candle, price also leaped a bit far from the T-Line, so the probabilities are that price needs a rest while the basic moving averages catch up and price finds support. I think it’s obvious to say the bulls have the upper hand. Be patient and don’t chase a chart for “Fear OF Missing Out,” we are now in a good position for a bullish pullback that sets up fantastic trades. I will be using the T-Line as my guide, price trending over the t-Line is bullish, and we need a quality entry pattern, and when price is trending below the T-Line, we show patients.

Trade Ideas

🎯 No trade ideas on Fridays; We don’t offer trade ideas on Fridays except in the live trading room. (QEP) Quality Entry Pattern for best results. Remember to wait for the (QEP) Quality Entry Pattern for best results.

🍰 The LTA Alert Scanner and TC2000 are my tools of choice 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. ELY, SHOP, BX, MDR, ETSY, SPOT, LSCC, SBUX, CPRT.

✅ A Traders Edge In All Markets

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

Thank You, Mr. Fed,

June 20, 2019 by Rick Saddler

💲 You really gotta love the business of trading, while sitting in the doctor’s office yesterday. I bought the GDX Sept. $25.50 Calls, up nicely today. ROKU had a bullish Pop Out of The Box pattern yesterday up 22% yesterday and looks like we get more today. SNAP is still trending currently up 25.7%.

All buys and closes announced in the HRC Live Trading Room, be sure to tune in starting at 9:10 Eastern when I’ll review the market, trade ideas.

Have good trading day – Rick

Pre-Market Thoughts

Thank you, Mr. Fed, and the market, thanks to you. It seems based on the market action it is pleased with the remarks from Mr. Powell. The SPY held well yesterday and looks to be gapping up today. (Remember gaps can be gifts) And profiting or some profiting into strength has worked great for my trading strategy over the years; we call that base hits. The new number for the SPY to beat is $294.95, beat means breakout and hold. A great way to follow the trend of the SPY is with price action (candlesticks) and the T-Line chain. The VIX is still trending down based on the price leading the T-Line chain down. Two charts I have on one of my screens is the VXX and FNGU chart, they are helpful with being one with the market.

Trade Ideas

🎯 ELY is setting up; ELY Callaway has gapped up over resistance recently and currently forming a continuation chart pattern. There is always a possible entry on the building of the chart pattern, but the money and the bullishness starts when price action is above $18.30. Remember to wait for the (QEP) Quality Entry Pattern for best results.

✅ A Traders Edge In All Markets

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

SNAP closed ½ 31%

June 19, 2019 by Rick Saddler

💲 From our June 11^th blog post: SNAP popped, and we closed ½ for 31% yesterday. CMCS we closed for a small profit because of the long upper wick, we will buy it back on a qualified buy pattern. Roku doing ok and GE hade a good day but really needs to break out of $10.50. LULU broke out yesterday and looking great, up 3-days need a little rest before buy now. Note the charts I look at have nothing to do with what the Fed may or may not do they are all based on the charts themselves. All buys and closes announced in HRC Live Trading Room, be sure to tune in starting at 9:10 Eastern when I’ll review the markets, trade ideas.

Have good trading day – Rick

Pre-Market Thoughts

Big day with the Feds (announcement @ 2:00 pm Eastern) and I suspect we will see a little volatility as well. I personally don’t think chasing the market or charts today is the wise thing to do, let the dust settle wait for the quality chart patterns, wait for your favorite charts to come back to you, so you have more control. $291.10 was cleared by the spy which such a bullish tone and produced a J-J hook continuation pattern. I still think any consolidation above $287.70 remains bullish if price action (the candlesticks) play their part right. The VIX is still not showing any fear and still trading below a down trending T line.

✅ Be patient. Know what you want and be patient
✅ Always plan your trade out
Use our base hit strategy, sell into strength
Buy close to your stop and support
USE the LTA Trade Alert Scanner to find the winners and use Promo Code: Privilege for a $50.00 discount

Trade Ideas

🎯 X setting up; X US Steel has put together an Inverted H&S bottom starting with the Morning Star candle pattern, and very close to becoming an RBB strategy. Remember to wait for the (QEP) Quality Entry Pattern for best results.

🍰 The LTA Alert Scanner and TC2000 are my tools of choice 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. KL, MGM, X, BA, CTL, HON, AUY, MRO, EGO, AMD

✅ A Traders Edge In All Markets

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

SMAR up 11%

June 18, 2019 by Rick Saddler

💲 On June 11^th we posted SMAR here in the blog, at the close yesterday it was up 11%. Friday held ROKU back followed by a Harami yesterday, time will tell. AIG has yet to find buyers to break it out, keep stops on. GE has broken out of a wedge, and the last few days has pulled back and tested. Yesterday we picked up a little CMCSA, nice breakout of the T-Line Bands. All buys and closes announced in HRC Live Trading Room, be sure to tune in starting at 9:10 Eastern when I’ll review the markets, trade ideas.

Pre-Market Thoughts

Geezs yesterday was boring, and I don’t expect much more from today, it seems traders and investors are waiting on the FED decision Wednesday. On the SPY between $291.10 and $287.70 is just noise, above the $291.10 the bulls have a chance to challenge the May high. Below $287.70 we could see a test of $282.20, which is the 50% retracement. The VXX chart still suggests no fear and has traded below the T-Line for the past 10-days. Above $28.30 would produce a little fear and volatility in the market.

✅ Be patient. Know what you want and be patient
✅ Always plane your trade out
Use our base hit strategy, sell into strength
Buy close to your stop and support
USE the LTA Trade Alert Scanner to find the winners

Trade Idea With Chart

🎯 LULU breaking out; LULU found support in late May and took about 13 days to work itself back to challenge the top. Yesterday LULU broke out and held well at the close. Above $178.00, we are bullish and will wait for a qualified entry pattern and price action.

🍰 The LTA Alert Scanner and TC2000 are my tools of choice because they work!. Rick and the HRC Members kick off the trading room starting at 9:10 Eastern when we review the markets, trade ideas, and PFE.

✅✅ Other charts we plan to cover in the trading room, 9:10 am Central: ACHN, LULU, SBGI, ARWR, BABA, CMCSA

✅ A Traders Edge In All Markets

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

Fed Focus the Next Two Days

June 17, 2019 by Rick Saddler

💲 Traders focus will likely be on the Fed meeting starting Tuesday. AIG, A trade we have been holding setting up nicely with a pullback in the T-Line bands. With the Thursday Bullish Engulf and the Doji on Friday, we are ready. Trading requires a level of trading education that most people just wanting a stock pick and to follow, likely does not have that level of education in trading. Having the right education, tools, and an understanding of Candlesticks signals make all the difference in the world. The LTA Live Trading Alert Scanner and the Hit and Run family is the best of the best. All buys and closes announced in HRC Live Trading Room, be sure to tune in starting at 9:10 Eastern when I’ll review the markets, trade ideas.

I would suspect the next day and a half will be much like the last week, choppy and boring. I think a large number of traders are on the sidelines waiting to hear the Fed attitude on a rate cut/hike in June, July, or later. The SPY still has a Shooting Star and a Bearish Engulf staring at us, but the bulls have done a great job in containing any sell-off. The sideways move the last three days has allowed the T-Line to catch up to the price; this could be very helpful for the bullish scenario. The bearish scenario is easy; we close below the T-Line we will look for lower support. The VXX is still trading under the T-Line (No Fear) and still under the lowest T-Line band, (still no Fear). If the VXX can get over $28.30, we could see the (Fear).

👉 Friday, June 14, we didn’t do much of anything with trading, we flew to Florida and enjoyed some beach time for Fathers, stay tuned. A relaxing traders life.

🎯 SFIX is one for the watchlist; The lower high followed by the gap and with the bulls keeping the sellers at bay is putting SFIX in a bullish position to reach higher. Simple rules and strategies are what we use, and it works.

🍰 The LTA Alert Scanner and TC2000 are my tools of choice because they work!. Rick and the HRC Members kick off the trading room starting at 9:10 Eastern when we review the markets, trade ideas, and PFE. ✅✅ Other charts we plan to cover is: SFIX, URBN, SKK, FB, VAG, SHOP, AAPL, TTD, YY

✅ 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. Hey, check out the NEW BULL PERFECT TREND ALERT. The right tools for the job.

Acton Plan

✅ Be patient. Know what you want and be patient
✅ Always plane your trade out
Use our base hit strategy, sell into strength
Buy close to your stop and support
USE the LTA Trade Alert Scanner to find the winners

We use 2 of 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