The price action battle is on between the buyers and sellers. Last week the sellers printed a Bearish Engulf on Thursday and follow-through on Friday. Yesterday (Monday) the Buyers printed a Bullish Engulf that covered Friday’s Doji follow-through. The buyers still control the trend, hands down! Using the recent Doji low $288.66 as the pivot low the buys have a chance to use yesterday’s Engulf as a key candle to help with there challenge of higher highs. “Of course the question is will they” As boring as this market has been it’s nice to see the profits/losses and the net gain posted in the trading room. “Thanks, Traders!” The VIX continues to show no fear, which points to a bullish market.
🎁 Trade Alerts with LTA has proven to be the #1 alert system in trading. Serious about making money? LTA will provide alerts to you in real-time on your computer screen based on what you are looking for. Candlesticks signal, chart patterns, or a combination of both and in different time-frames. Do you have a special chart pattern? The team at LTA can create it for you.
✅ Hit and Run Candlesticks trade Ideas for consideration: ZAYO, SPWR, XOP, LULU, MAR, DNR, CRZO, GDDY, CAG
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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
We saw CRZO popping on the scanner this morning when price was about $12.70. What a nice finish! I have it on the LTA scanner hot list looking for a PBO buy alert on a little consolidation. If you have the LTA scanner and need help setting up a hot list just let me know and I will walk you through it. Have a great evening.
Trade Alerts with LTA has proven to be the #1 alert system in trading. Serious about making money? LTA will provide alerts to you in real-time on your computer screen based on what you are looking for. Candlesticks signal, chart patterns, or a combination of both and in different time-frames. Do you have a special chart pattern? The team at LTA can create it for you.
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
Thursday last week the SPY printed a Bearish Engulf and Friday we did see minor follow-through with Friday’s close below the halfway point of the Bearish engulf and a lower low. Price has closed below our blue tightening wedge lines both Thursday and Friday. On the bright side, the SPY chart trend still has a bullish attitude with price closing Friday above the T-Line Bands. If the sellers can print a lowe close today below the green T-Band $286-285, could see a test. A bullish close over $290.35 would suggest the bulls are not finished with there challenge of the $293.95 high. This is a pretty heavy week of earnings, chose wisely when taking on a position or holding a position. With price action still in the bullish side of the T-Bands, we will remain cautiously bullish and continue to trade with clarity and rules.
Trade Alerts with LTA has proven to be the #1 alert system in trading. Serious about making money? LTA will provide alerts to you in real-time on your computer screen based on what you are looking for. Candlesticks signal, chart patterns, or a combination of both and in different time-frames. Do you have a special chart pattern? The team at LTA can create it for you.
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
The SPY closed yesterday with a Bearish Engulf and closed below our narrowing pattern (I talked about the narrowing pattern in yesterdays morning blog) When we see a candle signal or pattern has printed it is important to wait for confirmation before making a huge commitment. A close below $289.40 would suggest about $287.30 may be the next pit stop. Of course, if the Bulls find a spark to run with a close over yesterdays high would surely see a challenge of the $293.95 area. Remember tomorrow is Good Friday and the market is closed, we will be treating today as our Friday and pulling a few trades off the table. Having the right tools to do the job is important, we all know that! What would you think if you changed tires for a living and didn’t have a jack, having the right tools is important for success.
Posted 4/17/2019 You can see from the SPY chart (above) the trend channel is narrowing as price moves closer to the SPY all-time high. As price narrows, I will be watching for a decisive break one way or another (Bullish or Bearish). Usually, when price narrows and builds pressure, a move is in the works.
✅ Trade-Ideas for consideration: No trade ideas today. We will call trades from the scanner live today. Will will also post a good setups in the trading room and the App
Drive it for 30-days, your quality of charts will increase. I never leave home without it.You know your the best when other educations use your work.Rick’s Favorite Charting Software
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
Another higher low for the SPY, the high had trouble, but the low was higher. Yesterday (Tuesday) was the 12th day above the T-Line Band. The SPY chart does look like it’s determined to challenge the $293.934 September high. Seriously the wall of worry is starting to get to traders, let’s keep it simple: Stay with the charts that are trending and the trend makes sense. Use trend lines and price action (Candlesticks) to determine if the trade is still in your favor. Become a base hitter by pulling off profits as price moves in your direction.
You can see from the SPY chart (above) the trend channel is narrowing as price moves closer to the SPY all-time high. As price narrows, I will be watching for a decisive break one way or another (Bullish or Bearish). Usually, when price narrows and builds pressure, a move is in the works.
✅ Trade-Ideas for consideration: NBR, WDC, RIOT, STX, UCO, HPQ, TIF, CAT, <AR, XOP, UTX. Let the LTA Scanner do you work for you Tryit for 30-days
Drive it for 30-days, your quality of charts will increase. I never leave home without it.You know your the best when other educations use your work.Rick’s Favorite Charting Software
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
More companies are set to report today, be sure to check your holdings to be sure your comfortable holding a position through earnings. No real decisive move on the SPY other than the buyers did not give up control. Yesterday was another bullish day above the Green T-Line Band, and I don’t see anything in the pre-market that will change the bullish attitude of price action today. The wall of worry continues to worry some; simply follow the chart. A friend asked me yesterday, “is the market going to crash again?” my answer is the same I say to our readers. “Yes I am sure it will someday, but you can’t predict when or live in fear.” Being a short term swing trader and having a trading plan that includes base hits is a solid plan for most traders. A base hit can be anything from $50.00 to $5000.00 or more. It depends on your portfolio size and the amount of stock you hold. As an example, I currently have five contracts of TGT with a $325.00 profit, would that be a base hit or a home run? Different answer for different traders.
✅ Trade-Ideas for consideration: TGT, COST, < BBY, MELI, ZAYO, PCG, SYMC, DLTR. Let the LTA Scanner do you work for you Tryit for 30-days
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
Is the SPY determined to hit $293.94 or what? The buyers seem to be on a mission as you can clearly see in the SPY chart to challenge the SPY all-time high and the sellers seem ok with this as well. Friday ended the day with the 10th day in a row above the T-Line and the T-Line High Line. Friday’s candle does open the door for a possible Hangman but let’s not predict, let’s wait for the candle to form and confirm. The trend is still bullish, and price action still suggests the bulls are in control. The T-Line Bands (on the chart they are the GREEN, BLUE and RED lines) have proved to be a fantastic tool for trend, great trading patterns, and profits. The LTA Live Trading Alert Scanner has this scan built into it, and I love it! If you would like to test drive the LTA Scanner for a month and have me (Rick Saddler) personally work with you to set it up click this link and let’s plan a date. Test LTA Drive Here
✅ Trade-Ideas for consideration: CMCSA, V, CSCO, ZAYO, MDLZ, TGT, ORCL, INFN, ECA, SM, NSC, OLED. Let the LTA Scanner do you work for you Tryit for 30-days
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
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
Another week has gone by and the bulls remain the winner. The SPY price is has been skipping along the T-Line for the past 10 bars and above the Green T-Band for the past 9 bars. The wall of worry is in place. We monitor the SPY chart for signs of damage and every time you think you see it, the bulls hop in to fix it. Currently, we are about 2% from the SPY all-time high, come on bulls get it done! There is no loss of bullish charts, the scanner continues to produce. What a winning combination to have a greak stock scanner and the education to trade for profits, you gota love your job!
Today at 11:00 AM Eastern I will be in room #3 showing how I set up my favorite scans. I hope you can join us. Link to Room #3
✅ Trade-Ideas for consideration: ATVI, V, SC, NVTA, VLO, CY. Let the LTA Scanner do you work for you Tryit for 30-days
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
A chart I have up and on one of my monitors at all times is the FANG chart (Ticker FNGU) or FANG Index 3x Leveraged ETN FANGS stocks are (FB) (AMZN) (AAPL) (NFLX) and (GOOG). The FNGU chart has been instrumental in determining trend direction and pullbacks in the overall market. As you can see from the chart, it is approaching the 200-SMA. The 200-SMA is a moving average know for its support and resistance. More time than not I have experienced price action consolidation when price enters into the 200-SMA zone. While the market is still trending bullish, we will continue to trade bullish to the long side while monitoring how price action acts on the (FNGU) chart in the 200-SMA zone.
Live Trading Alerts Clinic: Today, Thursday, April 11, 2019, Ed Carter will be covering 26 new scans and answering any questions you might have. The LTA- Live Trading Alerts Scanner has proven it’s self has the leader in auto scanning for candlesticks signal, chart patterns, breakouts, and break downs. Click Here and Choose Room#4
✅ Trade-Ideas for consideration: ATVI, V, SC, NVTA, VLO, CY. Let the LTA Scanner do you work for you Tryit for 30-days
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
