Bears Defending Blue Ice Failure

Live Trading Alerts Scanner update v1.17.422 is available; We are still holding ROKU, SPY puts, TZA, XRX puts, GE, and PEP they were all brought to us via the LTA Scanner like a waiter brings a cold beer and Steak. The right tools for the right job.

It looks to me that the SPY still has a date with our pair of deuces $277.40 - $277.8. The Bears are defending the Blue Ice failure pattern pretty well; the T-Line Bands are being driven by a bear with price action below the red and green line. The T-Line is below the Volatility Dots, and yesterdays candle action closed below the T-Line. The T2122 chart (4wk New High/Low Ratio) has dropped to about 26, and it’s moving average is being pushed down as well. I have heard from many traders they are having trouble, so am I, remember to for trades that are working in your favor and the goes for the overall market, have you looked at IYT, IWM lately.

5/23/2019 Acton Plan

  1. Manage the trades I am in
  2. Don’t trade the first 30-min of the market, unless it is for a chart I already own
  3. Trade smaller, less capital in a position
  4. Fewer positions
  5. Longer lunch (LOL)
  6. Trade strong, stable charts, not one-day wonders
  7. Trade with the trend of the chart
  8. Trade for base hits
  9. Stops, always have a stop plan
  10. Ise the Scanner with built-in rules to find short and long trades

Trade Ideas

We are adding the following trade ideas to our watch-list. Be sure to check earnings dates. SE, ERY, DUG, SHOP, KO, PEP, GIS, LRCX, W, XRX Trend, Protective Stops, Base hits.

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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.👍

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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

50 Pounds of Moving Average

We bought Roku a few days ago after the LTA scanner popped an alert yesterday we are up 21.1% What would you expect from the #1 Live Alert scanning tool in the World.  I would be more than happy to teach how I use the LTA Stanner.  Watch for a 4-hour clinic, coming soon.

The SPY closed a bit higher than the day before but not over the 50-SMA and the $290.98 line we talked about yesterday. Price action has not pushed through the T-Line Bands, and the V-Stop Dots are red. The VXX still does not show much fear on the daily chart other then it is set up with a low high and higher low all it needs is a reason, the conditions are in place. The player, SPY, DIA, QQQ, IWM, SMA, IYT already have 50-pounds of moving averages on top of them.

Acton Plan, Trade Toughts To Today

  1. Manage the trades I am in
  2. Don’t trade the first 30-min of the market, unless it is for a chart I already own
  3. Trade smaller, less capital in a position
  4. Fewer positions
  5. Longer lunch (LOL)
  6. Trade strong, stable charts, not one-day wonders
  7. Trade with the trend of the chart
  8. Play with base hits
  9. Stops, always have a stop plan
HRC Monthly service only $110 with this promo code: SAVE50

Trade Ideas

We are adding the following trade ideas to our watch-list. Be sure to check earnings dates. FAS, ERX, AMJ, XHB, PAYX, NWL, CNC, HES, Trend, Protective Stops, 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.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Challenging The 50-SMA

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Futures are up this morning as this blog is being written. Looking at the SPY (weekly chart) it is clear to see price on a support and the 23.6 Fib line. (Not too surprised of a bounce and a test of the 50-SMA) The daily chart has the 200-SMA 2.3% below yesterdays close, and the daily Blue Ica failure is still in the game. Bullish price action would have to close above $289.20 for the buyers to be in control. In my humble opinion, anything less than $289.20 would keep the current downtrend intact. The T2122 chart is now in an oversold area; buyers are starting to peck around, but will they be able to give us a solid close in the next day or so over $289.20? Remember base hits and protective stops. Set a plan 2:1 minimum and when long buy near support and when shorting buy near resistance. The market of late has been challenging for even the best of traders, ask them what their tricks are to survive.

Trade Ideas

We are adding the following trade ideas to our watch-list. Be sure to check earnings dates. COST, SYF, PEP, BX, AXP, LMT, MA, MET. Trend, Protective Stops, 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.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Performing A Balance Act

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.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

IWM Having Trouble

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

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Up Or Down?

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

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Trend a Traders Edge

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

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Oversold Relief Rally?

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

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Sellers Have Contol

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

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

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

Pre-Configured Alerts

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

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