Day Trading Archives - Page 124 of 139

Market Thoughts 7/24/19

July 24, 2019 by Rick Saddler

Yesterday July 23 the SPY moved higher but not enough to make a respectable close over our 300.05 resistance line. It still stands that the SPY must show bullish power over $300.05 to remain in the bullish game. The 3-bar candle chart shows a nice higher low off the 34-ema and the 50-SMA moving averages. Follow-through above the 300.05 line would create a bullish “w” pattern. You can see how important follow-through is. Weakness below $298.05 would suggest the price is still looking for support and help, the 50-SMA work for the last to such pullbacks. While still on the 3-bar chart, the VXX showed three lower lows while close to a brand new low. The IYT transports closed with a good candle pattern (Doji Continuation) but pegged against the upper wedge line. SMH remains bullish near a consolidation area. Conclusion: with minor pullbacks and profit-taking from bullish runs, the SPY remains bullish. As always trade with caution and be looking for profits.

What We’re Trading

✅ Yesterday we had a few new buys and closes. Bought long calls on AMD, and WBA and closed the SPY Puts. AMD closed about even while 💲BABA closed positive 21.2%. CPB closed positive 3.6% and premarket looks as is a bull gap is in order. CSCO down 5% while 💲INTC is up 26%. WBA is even money and OXY -1.5%. 👉For more detail and the full list join us in the HRC trading room #1 Click Here and choose Trading Room #1 Password 8020

😊 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 the QEP → (QEP) Quality Entry Patterns). GE, FCX, SNAP, RF, OSTK, MRVL,UAA, CAG, ALLY, MOMO, WBA, LULU ✅ Check Earnings!

🎯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.

$50.00 discount with code: **Privilege**

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.

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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

Indecision Close

July 23, 2019 by Rick Saddler

🌞 Good Morning Traders welcome to our Tuesday blog. Yesterday we closed F with a loss and bought,💲 CSCO calls, 💲 SPY puts and added to 💲 BABA on the Hammer. F closed below the 50-SMA. Bought CSCO calls with price near our green band line holding with the recent Bullish Engulf. Bought SPY puts with Fridays Bearish Engulf and yesterday’s Doji at the lower end of the T-Bands. We are still long INTC with 17.7%, INTC, news of AAPL buying one of there divisions. And OXY with 18.8%. 💲 We are also holding CPB, LYFT, and a few VXX calls

Pre-Market Thoughts

✅ Yesterday the SPY closed with a Doji following a Bearish Engulf; it will be important for the bulls to see buying above yesterday Doji $299.00. If the buyers can hold price above $299.00, then we may see a challenge of the recent top. If the buyers can not hold price up, then the sellers will look for the 50-SMA or lower. There are a couple of places the buyers might try to mount a charge like the 34-EMA area and between the 34 and 50 moving averages. The SPY premarket is trying to challenge the 15-Min 200-SMA, we would have to see a breakout and a test of the 200-SMA before the bulls can go too far. The VXX chart is still not showing any real fear while it tries to construct a bottom, I question is will it ever get off the ground. Transports (IYT) is in a wedge and needs to break one way, or another above $194.25 would suggest bullishly. Earnings, Earnings, Earnings, be cautious.

😊 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 the QEP → (QEP) Quality Entry Patterns). EPD, OXY, ATUS, KHC, BAC, KKR, BX, PG, MA ✅ 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.

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One Close, Three New Buys

July 22, 2019 by Rick Saddler

One close and three new buys on Friday. Friday we closed QCOM to cut a little risk and bought INTC, OXY, and VXX. INTC has produced and little Continuation pattern that closed bullish just above the green band. OXY had a sweet flag pullback, above Thursdays Doji, we entered. With bullish follow-through over the next few days, OXY will become an (RBB) set up. VXX failed to push lower, and we saw signs of buyers, took the enter a little less than mid-candle Friday. This week is another heavy week of earnings; we expect earnings to stay relatively flat and expected. And with the current candle pattern in the VXX chart, we may see a run to the 34-EMA or 50-SMA if the buyers can continue with the current construction. Other charts we are holding BABA, CPB, F, and X.

Pre-Market Thoughts

Well, Friday ended interesting after a good exciting morning, after the bullish gap the sellers started to peel back the skin of the buyers and the sellers made them say Bearish Engulf. If the buyers can not keep us above $296.70, I think the sellers will continue to peel to the $294.80 area with the possibility of $293.00 (about the 50-SMA). We should also mention the $290.80 area below the 50-SMA. The VXX failed to push lower, and we saw signs of buyers Friday with the construction of a Fig Newton candle pattern. This week is another heavy week of earnings; we expect earnings to stay relatively flat and expected. And with the current candle pattern in the VXX chart, we may see a run to the 34-EMA or 50-SMA if the buyers can continue with the current pattern construction.

😊 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 the QEP → (QEP) Quality Entry Patterns). AKS, BBY, BA, CVS, OXY, HPQ, AGN, MDR, CVE 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.

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Bullish Piercing Candle

July 19, 2019 by Rick Saddler

Friday Update: (SPY) The Bullish Piercing Candle from yesterday did not get follow-through. Today we bought INTC, LYFT, OXY, and VXX. INTC ended about where we bought it, LYFT up 1.57%, OXY up 16.9% and VXX is up 16.9%.

Have a great weekend everyone!

MSFT is gapping on earnings! Yesterday July 18, we closed VXX for a small loss and made no other trades. Due to market chop and condition. BABA is still set up in the Bands, over $178.10 we would look for a challenge of $184. Still holding F and will add over $10.30 (earnings on Wednesday). CPB is acting well pattern breakout and riding the trend. A close below the Red T-Band and I will close QCOM. We have added a couple of new scans to the scanner and will hold a clinic this Friday at 2: pm in room #3.

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👉 Full disclosure, we are actively trading all stocks mentioned in the above. 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 SPY made four lower lows then yesterday on a FED comment the bulls stepped in. The SPY closed with a Bullish Piercing Candle from the $296. Key support line. Like all Candlesticks signals, confirmation is required, for yesterday’s rally to be confirmed we need to see positive trading above $298.90. With minimal overhead resistance, a Bullish J-Hook continuation pattern is setting up. At one point yesterday it looked as if the VXX chart was going to make a run for it, then pulled back closing with a Doji. The VXX is still trending down. A close above $24. Could rally a few more points. Stay safe and cautious with this market.

😊 Have a great trading day – Rick

Trade-Ideas

✅ It’s Friday, no trade Ideas today. 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.

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Scanning Clinic Friday 2 pm

July 18, 2019 by Rick Saddler

NFLX down big could shake the tree a little, more big earnings today and tomorrow. Yesterday near the close we bought VXX calls and earlier in the day we bought BABA calls. F is resting and consolidating in tier 1 of the T-Bands. CPB was broke out of the wedge and holding well. QCOM gapped yesterday kudos to those that took profits near the highs. Looks like QCOM needed to test the recent pivot. We have added a couple of new scans to the scanner and will hold a clinic this Friday at 2: pm in room #3.

👉 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

NFLX OUCH! And there are a few other big names today and tomorrow, grab ahold of something and hang on. Seriously if think trading around earnings date the simple answer is don’t take, cash is a position. The SPY has bee forming a Megaphone top for about the last 1-1/2 years, and the recent top is the 3^rd time touch. Yesterday proved to be another lower low and lower high. $295.65, $293.75, $291.15 followed by the 50-SMA are four possible targets and bounce points on the SPY. A few scans we like to use is the Blue Ice Failure, Rounded Top breakdown, and Bear Trap Scans. The VXX chart shows a little spunk the last two days with a Doji and a Bullish Engulf. If the VXX can show positive price action over the T-Line, we could be in for a bit of a market pullback. Trade with extra caution and wise.

😊 Have a great trading day – Rick

Trade-Ideas

✅ FFor 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). All short trades today, AAXN, BOLD, FRPT, TSN, PAYX, CCEP, PLNT TGNA, ZYNE. 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.👍

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Master The Trade

July 17, 2019 by Rick Saddler

Yesterday we closed WBA with a whopping 4.3% profit, hey it was a profit! Really I didn’t like the risk the Price Action (Candlesticks) that’s been presented in the last three days. I still like the chart and the potential of WBA, so we are keeping it on the watch-list for another day. Our BABA gapped and held yesterday closing up 4.43% on the stock; we are currently up 35.2% on our option trade. We also bought CPB yesterday because of the price action (Candlesticks) tight into the bullish wedge. X is finally starting to show a little life with price action back into the T-Bands, A breakout of $14.60 is needed for this thing to go higher.

👉 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

Earnings, earnings, earnings always are checking the dates. Earnings can be stressful to trade through; I guess that’s why I don’t do it very much. Cautious and defensive will help this the stress and risk. So the SPY closed below our wedge show in in the trading room as well as closed below the upper green T-Line Band with a Profit Taking Evening Star candle pattern. Weakness below yesterday’s low will set us up for the $296 area which could lead to the $293 area. The VXX chart closed with a Doji Hammer for the last two days; I think the VIX is getting a bit frustrated and may soon stretch a little. Above the T-Line the VXX chart could get interesting for a relief rally.

😊 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). WHR, ALK, SEE, URI, MMM, PHM LEG, JPM, NVDA, TRV short, TSN short. 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

Pinball Strategy Topic

July 16, 2019 by Rick Saddler

✅ Member e-Learning tonight Tuesday, July 16, 2017, Trading Room #1. Tonight’s topic will the Pinball strategy. The Pinball strategy is what started me on the path to trading success.

👉 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

Big earnings today, JPM, JNJ, WFC, GS, PLD, CP, FRC, DPZ, CBSH, SNV, FHN, MBWN. I do think the market is waiting for a few earnings reports to get out before making a big change up to or down. Measuring from the June 20 high to today and from the June 26 low to today I can see the wedge is running out of steam. What this means is the market needs a rest or a catalyst to push higher. Although yesterday’s close in the SPY did not reveal any big bears are lurking around, I plan to be very cautious the next few days. The VIX was unimpressive yesterday, no big sellers or buyers. Just a heads up the CBOE Market Volatility Index is working on a double bottom. A double bottom is a condition, not a reason.

😊 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). WYNN, TXN, XLNX, AAPL, TRV, AABA, HPQ, TTWO, INTC, NWSA. 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

Bank Earnings Start The Party

July 15, 2019 by Rick Saddler

Today is the official day of earnings with C kicking the party off. C to report pre-market Remember to check your earnings date before stepping into a trade. QCOM is sitting on a trend link, let’s see if the buyers like it enough to buy and push it higher. BABA is trying to find support near the Dotted Deuce and the 200-SMA. WBA is testing the most recent breakout line $55.25. Still holding my X with a double bottom and price trying to fight it’s way back into the T-Bands. Back on June 24^th, we posted OSTK as a trade idea, Friday OSTK was up 64%. OSTK is a perfect example of price action and T-Bands.

👉 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 SPY continues to show signs of bullishness at least on Fridays close. Friday the SPY gapped higher and closed 1.34% up. If you look at the 15-min chart, you can see the gap and how the Price Action consolidated in Tier 1 of the T-Band before making a move with a breakout near the end of the day. The VIX is still trending down below the T-Line, and the T-Line is below the 34-ema, the point is there is not any fear in this market, at least as of Friday. Two charts I actively watch is the FNGU and the VXX charts, both mostly on the 15-Min time frame using only the Dotted Deuce and the 200-SMA moving averages on the charts. Note the VXX

😊 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). SMAR, ARLO, OPK, KTOS, CPB, NVCR, MLHR, COUP, JEF. 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.

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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.

👉 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

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.

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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

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