Base Hits Archives - Page 127 of 141 - Hit & Run Candlesticks

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

✅ 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). WW, ROKU, STZ, SMAR, DLTR, XLNX, PCG, FSLR, AXSM

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.👍

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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

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

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

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

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

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