LULU Another Base Hit

Yesterday we closed our LULU PUT trade with 13% profit, nothing big but a solid base hit. Another base hit we are looking for is VXX trade, most likely we will close it out today

Ok so rate hike is behind us, and now we have the government shut down to consider. It is a shame that the government uses innocent peoples paycheck as a bargaining chip. Honestly shut the damn government down but pay people what you have promised.

TC2000 T2122 Chart – The four weeks New High/Low Ratio has dropped lower into the oversold area and Stochastics is deep within the oversold area of the chart. On the weekly chart, the SPY has found the Dotted Duece, and the 200-SMA weekly is not to far below. Price and the T-Line are still leading the run down in both the daily and weekly charts. We have now pulled back to the 61.8 fibs measured from early 2017 to the 2018 highs. FYI I am just pointing out a few points I see on the charts, the questions we talk about in the trading room is what do we do with that information.

Trading Room Open House

Hit and RunCandlesticks and Right Way Options have opened our doors forthe holidays; this would be a great time to get to know us, ask a question aboutour service and put a few $$$ in your pocket. Trading Rooms #1 and #2 no password required –  https://hitandruncandlesticks.com/trading-rooms/

Yes, The Little Account Can!

For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.

Trading Services We Offer

  1. Hit and RunCandlesticks 
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

 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

Probability of A Bounce?

Is there a probability ofprice bouncing to test the T-Line? I would expect so over the next few days; thiswould also set up better short patterns. When I look at the SPY chart, I see fivenew lows in a row which tells me not to chase. Please note a relief rallybounce is only that. After the Bearish T-Line Run, we have had we wouldn’t wantto be chasing.

The SPY posted anotherlow ($249.35) and closed off the highs of ($251.26). The sellers continue to commandthe show. The buyers would have to close over $259.391 to even get a mention.On the weekly chart, the Dotted Duece is at ($247.25), price is only about$2.00 away. The T2122 chart is very oversold, and the 12.3.3 stochastics indicatoris oversold, could we see a bounce? Yes, we could, but it would take buyers, sofollow price action. The best way I have found to follow price is to look athow price action is trending compared to the T-Line.

Trading Room Open House

Hit and RunCandlesticks and Right Way Options have opened our doors forthe holidays; this would be a great time to get to know us, ask a question aboutour service and put a few $$$ in your pocket. Trading Rooms #1 and #2 no password required –  https://hitandruncandlesticks.com/trading-rooms/

Long and ShortTrade-Ideas

GE, PANW, YELP, ZTS, MTCH, LULU are on our watchlist for a possible trade today or within the next few days.

GE is our featured trade-idea today as it comes out of a Pinball set up and the bottom it is constructing. We will look at GE when itcloses over $7.95 with a test of support. A stock swing trade to about the50-SMA (14%) or an Options Trade of 30-40% or more. Members log in for moredetails. Past performance does not guarantee future results. Learn how to tradebefore you trade.

Yes, The Little Account Can!

For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.

Trading Services We Offer

  1. Hit and RunCandlesticks 
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

 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

Focus On Mr. Powell Today

The focus will be onMr. Powell and the FOMC at 2:00 pm today. Does Powel announce a rate hike today? The words he uses for the future will be just as important, but more importantly is how the market interprets the information given.

No surprise the price action of the SPY is still bearish in relationship to the T-Line and the T-Line, 34-EMA, and 50-SMA are trending lower below the 200-SMA. The candle actionof the last two days has printed a Tweezer Bottom in a possible support area. ATweezer Bottom on support is just a clue in the big picture. Bullish follow-throughis required for any bullish meaning. And support means very little withoutbullish confirmation. Let’s fasten our seatbelts and keep our arms and legsinside the bus, could get crazy today.

Trading Room Open House

Hit and RunCandlesticks and Right Way Options have opened our doors forthe holidays; this would be a great time to get to know us, ask a question aboutour service and put a few $$$ in your pocket. Trading Rooms #1 and #2 no password required –  https://hitandruncandlesticks.com/trading-rooms/

Long and ShortTrade-Ideas

AG, FSM, PHM, NEM, AES, USFD, ESRX, AVGO, COP, SEAS are on our watchlist for a possible trade today or within the next few days.

AG is our featured trade-idea today because it alerted an (RBB) RoundedBottom Breakout with a Stock Swing Trade of about 10% or more and an Options Trade of 30% or more. Members log in for more details. Past performance does not guarantee future results. 

Yes, The Little Account Can!

For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.

Trading Services We Offer

  1. Hit and RunCandlesticks 
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

 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