It looks has been performing a balancing act around the 50-SMA for the past nine days, all below its recent high. A close above $290.50 could set the bulls free to challenge the $294.95 high. Weakness and a failure to claim the 50-SMA for the Bulls could lead into chart patterns such as a “Blue Ice Failure” and a “Bearish H Pattern.” Both of these patterns are on the edge of success and could push price closer to the 200-SMA or about. The T2122 chart (3wk New High/Low Ratio has not turned up from the recent down move. When looking at the VXX on the daily chart, it looks like like it has been through a meat grinder, but the chart pattern is still holding a bullish form. To say this market has been easy to trade the last couple of weeks would be a flat out lie. It’s important to know when duck into a cove, tie up and wait out the storm.
Trade Ideas
We are adding the following trade ideas to our watch-list. PEP, GIS, CMCSA, PLUG, MDB, CELG, ATHM, SQQQ, TZA, SOXS, XRX, VXX, SPXS. We follow the trend, buy near support, profit into strength for solid base hits.
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.👍
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
Earlier this week price had closed below the 50-SMA and yesterday (Thursday) the Bulls found a path to close over the 50-SMA. This by no means suggests the bulls are back. A test of the or near the 50-SMA is required and bullish follow-through from there. Below $279.95 the seller will throw a party, and above %289.23 the buyers will dance in the streets. IWM is having a little trouble at the 50-SMA, a bear flag and a Blue Ice Failure at the moment, for this reason, we shorted IWM yesterday looking for a few hundred $$$ in profits. The VXX chart is another reason we took advantage of IWM. On the 15- minute chart the VXX was forming a bottom (“W”) looking like it want to attack its 50-SMA. Pre-market this plan is working, we will see if the open is the same. Yesterday we closed out PEP and PG for nice double-digit profits, could have not done it without our trading tools.
Trade Ideas
Sorry, we do not post trade ideas on Fridays. Friday is the day we clean up our positions. And enjoy being a Trader of the market. We follow the trend, buy near support, profit into strength for solid base hits.
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.
👍 A good tool improves the way you work. A great tool 👉 improves the way you think. – Jejj Duntemann
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
Yesterday’s candle rolled about 1.56% or about $4.40, that’s what happens when you’re afraid to fall, unfortunately, sometimes it can’t be helped. As we had said yesterday if the SPY can not turn $285.65 into support price will be forced to sleep with the 200-SMA for a day or two. Yesterday’s candle was impressive, but now we need follow-through and a test of the $285.65 area for support. For the 50-SMA followers price closed yesterday below the 50-SMA and the fast moving average has not closed back over the T-Line, meaning the buyers need more time or there are not enough buyers willing to push. Pre-Market is suggesting the buyers are in town. Hopefully, they will stay. Support above $265.85 would also suggest the recent May highs could get challenged. Keep your eye on the VXX; price is still in a bullish formation, and support is near.
In my opinion, the LTA- Live Scanner and TC2000 offer the best of the best. TC2000 charts are clear, easy to use, and read. The LTA- Live Alert Scanner pops up trade ideas that fit my style based on how I have set the program up right on my desktop. Day Traders and Swing Trader needs an edge to succeed.
🍰 Today we are adding 10 stocks to our watch list for a possible trade in the next few days. ZNGA, RCII, SE, AMD, BX, MDLZ, AIG, ZS, PG, MSFT, PEP, NOW, The alert software we at Hit and Run Candlesticks and Right Way Options is available to you. Try it for a month
🎯 The Worlds Best Trading Tools ✅ TC2000 for charting, ✅ LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. ✅ TradeHawk for placing the trades. Crazy enough, not one of them are expensive.
👍 A good tool improves the way you work. A great tool 👉 improves the way you think. – Jejj Duntemann
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
Something as simple as a trend can be a traders edge. Based on or 3-Line Dark chart the sellers are winning the game, at least as of yesterdays close. If the buyers can close above $285.65 and establish support, they have a chance to climb higher. Ultimately the trend needs to make a big turn, 👉Fast-EMA needs to be above the T-Line, and the T-Line need to be above the slow-EMA. If the sellers maintain control, we are looking at both our 200 moving average lines for a price test. Looking at the weekly chart, the SPY is at a little support but is also looking at three lower lows, and the monthly chart is supporting a Bearish Engulf. The VXX has challenged the 200-SMA in the (RBB) Rounded Bottom Breakout pattern, currently bullishly consolidating. May is turning out to be a fight between the buyers and sellers; this is where traders need the very best tools 👉for trading and have their wits about them.
In my opinion, the LTA- Live Scanner and TC2000 offer the best of the best. TC2000 charts are clear, easy to use, and read. The LTA- Live Alert Scanner pops up trade ideas that fit my style based on how I have set the program up right on my desktop. Day Traders and Swing Trader needs an edge to succeed.
🍰 Today we are adding 10 stocks to our watch list for a possible trade in the next few days. SPXS, QID, FAZ, VXX, TZA, SYY, COTY, GIS, CL, NEE. The alert software we at Hit and Run Candlesticks and Right Way Options is available to you. Try it for a month
🎯 The Worlds Best Trading Tools ✅ TC2000 for charting, ✅ LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. ✅ TradeHawk for placing the trades. Crazy enough, not one of them are expensive.
👍 A good tool improves the way you work. A great tool 👉 improves the way you think. – Jejj Duntemann
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
Yesterday’s gap hurt…Ouch! But we should not have been surprised, the current trend has been a sleuth of bears, and they were hangry. The bears have run the lows lower until they broke the 50-SMA and then gaped smack dab on the Fibonacci 23.6 retracement line closing at 280.86. The futures are up a bit this morning, and we are oversold so a relief rally may be in the cards, but a true run for bullishness will need a pattern such as a low/high higher low/ higher high or a bullish 123 step pattern.
Our bar
chart is still strong into a downtrend. The closing price yesterday is about
halfway between the 50-SMA and the 200-SMA, the battle is on, the sellers will
fight for the 200-SMA and buyers will fight for the 50-SMA.
🍰 Today we are adding 10 stocks to our watch list for a possible trade in the next few days. AXSM, GIS, PG, COTY, ZNGA, MELI, SPWR, ROKU, WW, ZAYO. The alert software we at Hit and Run Candlesticks and Right Way Options is available to you. Try it for a month
🎯 The Worlds Best Trading Tools ✅ TC2000 for charting, ✅ LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. ✅ TradeHawk for placing the trades. Crazy enough, not one of them are expensive.
👍 A good tool improves the way you work. A great tool 👉 improves the way you think. – Jejj Duntemann
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
In Friday’s blog post I posted my Candlestick Dark Chart using just three moving averages. The moving averages (3-EMA, 8-EMA and the 17-EMA) shows how the bulls had control and now clearly shows the bears in control. Bullish candlesticks (price action) with these line in bearish formation is thought to be a bottom but requires confirmation. One more time please “Requires Confirmation.” 👉 Friday has not confirmed it was simply the buyers and sellers creating a candle; confirmation would be above about $289.00 based on Friday’s candle. Notice on the above chart the red dot above Friday’s candle, when the dot turns green you most likely will have confirmation. This indicator or strategy can be used on any chart if you are wondering. ✅ The Red/Greem T-Line Dots on TC2000 and the Alerts from The LTA Scanner are a top tool for trading. Just like a fork is the #1 for eating pie.
🎯 I use 3 of the best tools in the world for trading stocks and options. 👉TC2000 for charting, LTA-Live Trading Alerts 👉 for real-time price action, candle and candle patterns, and western patterns. 👉TradeHawk for placing the trades. Crazy enough, not one of them are expensive.
👍 A good tool improves the way you work. A great tool improves the way you think. – Jejj Duntemann
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
We have made it so easy Just like the Easy Button LTA – Live Trading Alerts has a few new features like “Pre-Configured Alerts.” Live Trading Alerts has solved the problem of finding great chart patterns and setups.
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
✅ Today let’s look at my dark chart. The dark chart has three trend lines the 3-EMA (Magenta) and the T-Line (8-EMA with Green/Red Dots). As you can see 👀 four candles ago the dots went from green to red and the Magenta line (3-EMA) crossed below the T-Line (Red/Green Dots). Both the 3-EMA and the T-Line have also crossed below the 17-EMA (Yellow), all this with price action leading the way. The last meaningful time this happened was around October 5, 2018, and the SPY corrected about 20%. 👼 The trend is your friend, and this little 3-moving average trick might help you find a good friend. When all three moving averages are in the bear position, we might look for a weak or failing relief rally to short. And when all three moving averages are in the bull position, we might look for minor profit taking PBO’s to go long. Always looking at price action and support.
🎯 I use 3 of the best tools in the world for trading stocks and options. 👉TC2000 for charting, 👉LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. 👉TradeHawk for placing the trades. Crazy enough, not one of them are expensive.
👍 A good tool improves the way you work. A great tool improves the way you think. – Jejj Duntemann
You are invited the Hit and Run Candlesticks and Right Way Options Trading Rooms! Click this link: Registration for more details. Register and we will email you the login information. You will be able to come and go as you want for two days. ✅ Hit and Run CandlesticksRoom Times; 8:10 am to market close ✅ Right Way Options Room Times; 11: am Eastern to 1: oo pm Eastern 11:00 am Eastern to 1:00 pm Eastern
You know your the best when other educations use your work.
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
✅ As expected price broke through the lower T-Band, now headed from the 50-SMA. The Bearish Engulf on 5/1/2019 poked the bear, and now for the past five days, the bear has, well, being a bear. After the Bearish Engulf, we saw follow-through then a failed high, followed by a lower low and yesterday has now made a lower low. Lower lows and lower highs suggest there are more sellers than buyers. The LTA Scanner 👉 has been alerting of the bear poking with the following alerts. (Bearish Engulf), (Bear High Yesterday or Today in T-Bands Now Below) (Bear T-Line Band Breakdown). And the (Bear 3×8 Trap). The VXX has been full of fear the past 3-days, no an RBB setup. The VXX has also alert on the LTA scanner as it broke through the T-Line and T-Line Bands. Todays Challenge will be to monitor today’s candle (price action) using the current trend and yesterdays candle as a backstop.
💲 The LTA Scanner has been alerting of the bear poking with the following alerts. (Bearish Engulf), (Bear High Yesterday or Today in T-Bands Now Below) (Bear T-Line Band Breakdown). And the (Bear 3×8 Trap). The VXX has been full of fear the past 3-days, no an RBB setup. The VXX has also alert on the LTA scanner as it broke through the T-Line and T-Line Bands. Todays Challenge will be to monitor today’s candle (price action) using the current trend and yesterdays candle as a backstop. 👉1-Will the 50-SMA act as support? If not $282.40 a probable test. 👉2-Will the buyers push price back over the T-Line and into the lower band. Or 👉3- Will price start to dry up and walk sideways? These are a few of the clues in the chart we will be watching.
✅ 💰 Here are a few long and short tickers I am adding to a watchlist for consideration only. Trades may or may not be taken. CVS, I, CNC, F, FSLR, RCII, NWL, KEYS, SEE, XLNX, PANW, W, MAS
You are invited the Hit and Run Candlesticks and Right Way Options Trading Rooms! Click this link: Registration for more details. Register and we will email you the login information. You will be able to come and go as you want for two days. ✅ Hit and Run CandlesticksRoom Times; 8:10 am to market close ✅ Right Way Options Room Times; 11: am Eastern to 1: oo pm Eastern 11:00 am Eastern to 1:00 pm Eastern
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
✅ As expected price broke through the lower T-Band, now headed from the 50-SMA. The Bearish Engulf on 5/1/2019 poked the bear, and now for the past five days, the bear has, well, being a bear. After the Bearish Engulf, we saw follow-through then a failed high, followed by a lower low and yesterday has now made a lower low. Lower lows and lower highs suggest there are more sellers than buyers. The LTA Scanner 👉 has been alerting of the bear poking with the following alerts. (Bearish Engulf), (Bear High Yesterday or Today in T-Bands Now Below) (Bear T-Line Band Breakdown). And the (Bear 3×8 Trap). The VXX has been full of fear the past 3-days, no an RBB setup. The VXX has also alert on the LTA scanner as it broke through the T-Line and T-Line Bands. Todays Challenge will be to monitor today’s candle (price action) using the current trend and yesterdays candle as a backstop.
💲 The LTA Scanner has been alerting of the bear poking with the following alerts. (Bearish Engulf), (Bear High Yesterday or Today in T-Bands Now Below) (Bear T-Line Band Breakdown). And the (Bear 3×8 Trap). The VXX has been full of fear the past 3-days, no an RBB setup. The VXX has also alert on the LTA scanner as it broke through the T-Line and T-Line Bands. Todays Challenge will be to monitor today’s candle (price action) using the current trend and yesterdays candle as a backstop. 👉1-Will the 50-SMA act as support? If not $282.40 a probable test. 👉2-Will the buyers push price back over the T-Line and into the lower band. Or 👉3- Will price start to dry up and walk sideways? These are a few of the clues in the chart we will be watching.
✅ 💰 Here are a few long and short tickers I am adding to a watchlist for consideration only. Trades may or may not be taken. CVS, I, CNC, F, FSLR, RCII, NWL, KEYS, SEE, XLNX, PANW, W, MAS
You are invited the Hit and Run Candlesticks and Right Way Options Trading Rooms! Click this link: Registration for more details. Register and we will email you the login information. You will be able to come and go as you want for two days. ✅ Hit and Run CandlesticksRoom Times; 8:10 am to market close ✅ Right Way Options Room Times; 11: am Eastern to 1: oo pm Eastern 11:00 am Eastern to 1:00 pm Eastern
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
