This $281.50 area on the SPY is proving to quite the wall for the SPY, three times last year and two times this year. The T2122 chart (4wk New High/Low Ratio) is breaking down from its overbought area now trending toward the oversold area. The SPY chart is a bit puzzling right now, The Bears produced a Bearish Engulf yesterday and a Bearish Evening Star a week ago, the Bulls have held the trend in a fairly tight range. There are many things I have learned in my 31-years of trading; one is to know my risk limits. Yesterday we made two great trades with VXXB and SPY puts then went to 100% cash. Until Mr. Market gives a better clue, I will plan to sit mostly on the sidelines with only a few trades here and there. A close over $280.50 the bulls have a chance, under not so much.
Hit and Run Candlesticks News
🎯 The “Road to Wealth” account to over 400% in the past 14 months and plan to double 2018 profits. 🎁Yesterday we had great profits on VXXB and SPY puts, took a few losses as well.
✅Save time reviewing hundreds of charts. ✅Find EXACTLY the right set up by being alerted for only those tickers that qualify. ✅Stop “Chasing trades” by being alerted of the move (not finding out later.) ✅Eliminate “trouble pulling the trigger” (be sure when a ticker is moving.) ✅Stop “leaving money on the table” (manage your exits with lower-time alerts.) ✅Stop “Predicting” by trading alerts that show the turn, not forecast it. ✅Stop ignoring the overall market (by watching alerts on DIA, SPY, IWM, QQQ.) ✅Gain massive efficiency over flipping through charts (hoping to find them at just the right time) or waiting on someone to feed you trade ideas.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
The SPY wall of worry comes through again. I do
think every trader is concerned about the resistance line that is drawn across 10/17/18
– 11/7/19 and 12/3/19 and rightly so. On the other hand, the same traders are seeing the bulls hold it together with a
bullish trend starting in late December with a weekly chart showing Ten weeks
of new higher lows, (crazy and amazing). Put
those two scenarios together, and you have the perfect wall of worry. Remember that price is king and price builds trends.
The VIX-X chart is showing no fear in the
market and remains pushed down below our Red/Green line closing Friday at
$13.57. A VIX-X close over $16.20 would certainly get the attention of the market. We
will be starting Monday cautiously bullish, taking profits into strength or
base hits.
Hit and Run Candlesticks News
The start of another week of trading and we are excited! The “Road to Wealth” account to over 400% in the past 14 months and are planes are to double 2018 profits. Possible trade ideas- OSTK, KMI, BMY, MRO, WDC, FDC, BBT, NVDA, JNJ, AAPL. Two spots available for the “March Road To Wealth Coaching.” Mentoring program. Read More…
Live Trading Alerts News
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our trading room #4. Warning the LTA- Live Trading Alert software is a game changer, alerts for candlesticks, candlesticks patterns, western patterns, price action, tends, bullish and bearish.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
The chart in a yesterdays blog post I had drawn two red lines, one at Monday’s high (Resistance) and one at Wednesday’s low (Support). Yesterday printed a higher low Doji within our T-Line Bands that formed the early stage of a Bullish Continuation pattern. Bullish followthrough over Monday’s high $281.31 would suggest the Bulls may be ready to challenge the $286 area. Now for the Bearish scenario – Price closes below the $277.48 support line would suggest price may be headed back to the 200-SMA. The Live Trading Alerts Scanner can and does help
It’s the first of the month, and we will start new student training on the
(LTA) Live Trading Alerts. Live Trading Alerts is by far the best trading
software for signaling you when stocks ready to breakout or breakdown. With a steady
flow of market data, the LTA Scanner pinpoints chart patterns, candlesticks
signals, and patterns, trends. The (LTA) Live Trading Alerts Scanner the trader’s
edge.
Road To Wealth’s #1 Trading Tool. Year to-date total account profits of 215% could not have been achieved without the Live Trading Alerts Scanner
Searches for the setups
Creates scans for setups instead of a useless list
You can create your own Alert Strategies
Know when any of your positions are breaking down
Identify unusual volume flows
Find patterns and signals on Intraday and Daily time frames
Find the breakouts and breakdowns before the crowd
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
The SPY’s Evening Star is still present as well as the QQQ’s, DIA’s and IWM. The SPY’s low yesterday was $277.48 or the Lower T-Line Band, yesterday’s low was also the 3rd lower low in a row and the 3rd lower high. The three lower lows and lower highs is a sign the sellers have more control than the buyers. However as of yesterday, not enough control to push price below the T-Line Band bullish area. $281.00 remains strong resistance but not impossible to break out. The bulls have truly been amazing. If this week’s price can hold it’s low above $276.35, it will mark the 10th week in a row of higher lows. We are still cautiously bullish, bullish because of the trend and cautious because of the $301.00 resistance.
The Month of February is coming to an end, and I would like to thank all the members for there post and comments. It is so great to read your post when you enter and exit a trade and your wins and losses, thank you. The Road To Wealth account will end the month of February with about a 15% increase or about $3,400.00.
Hit and Run Candlesticks News
Yesterday we closed another 20% from out IWM PUTS which brings the “Road to Wealth” account to over 425% increase in 14 months. Possible trade ideas- MRO, IMMU, APA, CLR, OSTK, CHK, NBR. I have opened up two more spots for the “March Road To Wealth Coaching.” Mentoring program. Read More…
Live Trading Alerts News
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our trading room #4. Warning the LTA- Live Trading Alert software is a game changer, alerts for candlesticks, candlesticks patterns, western patterns, price action, tends, bullish and bearish.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
The close
yesterday produced an Evening Star closing on the upper T-Line channel band. More
selling and a close below yesterdays low $278.90
today or tomorrow could put price action
on the blue Lower T-Line channel band or about $276.90. If a Red Volatility
Stop Dot is created, the pressure on the
bulls might make them run for safety
about $273.50. A test of the 200 SMA is possible if the buyers don’t put a game
together. The T-2122 chart 4Wk New High/Low Ratio saw weakness yesterday below the 80 line,
and today we are likely to test the
recent low. From the December low to yesterdays high the 23.6 Fib retracement would be $269.80, a nice
healthy pullback, the 38.2 line would be at $262.95.
Hit and Run Candlesticks News
Yesterday we closed VXXB for 26% which brings the Road to Wealth account to a 425% increase in 14 months. I have opened up two more spots for the “March Road To Wealth Coaching.” Possible trade ideas- DPZ, ATGE, EA, UNP, PYPL, HAE, EBS, MTAP, SGMS. We will also be moderating the LTA Scanner.
Live Trading Alerts News
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our trading room #4. Warning the LTA- Live Trading Alert software is a game changer, alerts for candlesticks, candlesticks patterns, western patterns, price action, tends, bullish and bearish.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
I often watch
the 4-hour chart, and yesterday the SPY
4-hour chart ended the day with an Evening
Star closing below the upper T-Line channel Band. The SPY looks to be opening lower
today causing a high probability of price testing the Lower T-Line channel Band.
A close below $278.50 will likely produce a Red V-Stop, first one in the past
18 days. Note we have not seen a Red V-stop on the daily in the past 41 days,
that’s a lot of bullishness with no real rest. Yesterday’s 4-hour Evening Star was produced at the $280.00 resistance line with
the 4wk New High/Low Ratio above 80. The VXXB chart closed with a solid piercing
candle on the daily chart and a Morning Star signal on the 4-hour chart. Final
comments: trend light in this market if
the SPY fails the T-Line the $200SMA or $274.50 and $271.20 could be in the
cards.
Hit and Run Candlesticks News
Yesterday we closed JNJ for 17% and GE for 80%. We also took on a few new trades CRON, SPY, and VXXB
Trade ideas for the watch list – (Long AG, ECA, AAOI, EXAS, EBIX, VXXB) (Short STZ, GILD)
Live Trading Alerts News
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our trading room #4. Warning the LTA- Live Trading Alert software is a game changer, alerts for candlesticks, candlesticks patterns, western patterns, price action, tends, bullish and bearish.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
In this 90-min. video Rick talks about two of his favorite chart patterns to fish with, the T-Line Bounce and the Rounded Bottom Breakout. Also in thes video, Rick talks about the Live Trading Alert Scanner, and how he thinks it’s the best hook to have on your fishing vest.
The charts in this video are for educational purposes only. No communication from Hit and Run Candlestick Inc should be considered as financial or trading advice. Past performance does not guarantee future results.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
The tariffs postponed
for now, and the pre-market has
gapped. Today is Monday 2/25/2019, and
the pre-market has gapped over our $280.00 resistance line and looks like it’s
hanging on by a thread. As of the Friday’s close the bulls held there ground
closing at $279.14 and once again price closed above the T-Line and 17ema the
Red/Green line. The big question today is the $300.00 line going to support (the safety net, or will price fall
back through? One thing I have learned in
my 31 years of trading is that a chart can be overbought and stay overbought
for a very long time. While many traders ovoid in an overbought area I have
found some of the best and easiest profits are
hidden in an overbought condition.
If price falls back below $300.00,
$279.40 would be the logical first target
Good trading and have a wonderful day!
Trading Plan
Remain CAUTIOUS with a few puts locked and loaded, continue to follow the “Road To Wealth” trading plan. 1. Use the Live Trading Alerts Scanner to find trades, 2. Follow the base hit rules, 3. Only enter a position if the conditions are right for entry risk and profit rewards.
Sure glad we bought GE, this morning GE is gaping up. We will be able to take a few profits and start the week off right. Thank you Live Trading Alert Scanner for the alert last week.
Live Trading Alerts News
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our trading room #4. Warning the LTA- Live Trading Alert software is a game changer, alerts for candlesticks, candlesticks patterns, western patterns, price action, tends, bullish and bearish.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
Ya baby, it’s
Friday, and it’s payday at our house. For years I have used Fridays as a day to close out a
few winners and losers, so I don’t have to worry and sleep so much over the
weekend. And with the trade talks (turmoil) and the SPY so close to resistance
this is the perfect Friday payday. With that said the bulls held us above the
T-Line yesterday proving (for now) the buyers outnumber the sellers. The VIX did
start to show a little fear yesterday but did not close over the current downtrend.
The 4wk new High/Low Ratio chart is way overbought and cracked just a little
yesterday. Did you know that being a trader you control how you manage your
portfolio, risk, reward, paydays? So enjoy your weekend by taking control.
Trading Plan
Remain CAUTIOUS with a few puts locked and loaded, continue to follow the “Road To Wealth” trading plan. 1. Use the Live Trading Alerts Scanner to find trades, 2. Follow the base hit rules, 3. Only enter a position if the conditions are right for entry risk and profit rewards.
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our trading room #4. Warning the LTA- Live Trading Alert software is a game changer, alerts for candlesticks, candlesticks patterns, western patterns, price action, tends, bullish and bearish.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
The SPY is flashing caution yet eeked out another positive day yesterday as price tiptoes to the $280.00ish resistance line. On the weekly chart, the past 7 bars have closed over the T-Line with one PBO back to the T-Line and one Doji Continuation pattern that has pushed the price into the resistance area. The battle between the Bulls and the Bears is interesting at the $280.00ish level because the Bears have a possible Head and Shoulders on their side and the Bulls have the Inverted Head and Shoulders they have been working with and the recent Bullish run. Problem: As the battle begins to heat up we have found the weaker traders tend to be the biggest losers. Solution: Sit on the sidelines for a few days or have fewer positions and less invested in those positions. And be tougher with stops.
Trading Plan
Remain CAUTIOUS with a few puts locked and loaded, continue to follow the “Road To Wealth” trading plan. 1. Use the Live Trading Alerts Scanner to find trades, 2. Follow the base hit rules, 3. Only enter a position if the conditions are right for entry risk and profit rewards.
👉 9 stocks we are adding to our trade watch list: AA, EA, FB, FIT, MO, SLB, VLO, VXXB, WYNN – Prober conditions must be met befor a trade is entered. Past performance does not guarantee future results
✅Live Trading Alerts – 100 plus alerts/scans to choose from
Two new auto scans have been added to the LTA-Live Trading Alerts Scanner; the Bull -Fig Newton patternand the Bear- Oreo Pattern. With over 100 built-in scans my favorite bullish scans are the Pop Out of The Box, The RBB, The 3×8 Trap, The Fig Newton. If you need set with the scanner set up or adding scans just let us know. Each day (Market hours) we provide Free Scanner coaching in our trading room #4. Warning the LTA- Live Trading Alert software is a game changer, alerts for candlesticks, candlesticks patterns, western patterns, price action, tends, bullish and bearish.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
