Yesterday we closedour 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.
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 $$$ in your pocket. Trading Rooms #1 and #2 no password required – https://hitandruncandlesticks.com/trading-rooms/
For 2019 Rick plans on taking the now $23,567.00account to $50,000.00 before December 31, 2019. Remember he already has increased the account $5,000.00 to $23,567.00 or 362% in 2018. Would you like to learn from someone that truly makes money, not just one hit wonders and backs it up with his account statement.
DISCLAIMER: Investing/ Trading involves significant financial risk and is not suitable for everyone. No communication from us should be considered as financial or trading advice. All information provided by it and Run Candlesticks Inc, its affiliates or representatives is intended for educational purposes only. You are advised to test any new approach before implementing it. Past performance does not guarantee future results. Terms of Service
Is there a probability ofprice bouncing to test the T-Line? I would expect so over the next few days; thiswould also set up better short patterns. When I look at the SPY chart, I see fivenew lows in a row which tells me not to chase. Please note a relief rallybounce is only that. After the Bearish T-Line Run, we have had we wouldn’t wantto be chasing.
The SPY posted anotherlow ($249.35) and closed off the highs of ($251.26). The sellers continue to commandthe show. The buyers would have to close over $259.391 to even get a mention.On the weekly chart, the Dotted Duece is at ($247.25), price is only about$2.00 away. The T2122 chart is very oversold, and the 12.3.3 stochastics indicatoris oversold, could we see a bounce? Yes, we could, but it would take buyers, sofollow price action. The best way I have found to follow price is to look athow price action is trending compared to the T-Line.
Hit and RunCandlesticks and Right Way Options have opened our doors forthe holidays; this would be a great time to get to know us, ask a question aboutour service and put a few $$$ 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.
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.
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 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.
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.
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.
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
A traders code for (Bullish trends), Higher highs and lower lows, and the opposite for (Bearish trends) Lower lows and Lower highs. The following charts have been following the bearish code. IYT, SMH, FDX, and COPX are a few charts I watch to get the pulse of the market. You can get the same picture by using three moving averages such as The 3-EMA, T-Line, and 34-EMA, another popular combo is the 3-EMA, T-Line, and17-EMA or simply three moving averages that make sense to that fit in your trading world. When you look at the above charts and the moving average groupings what do you see?
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/
Watchlist Ideas
Becauseof technical issues, we will not have any trade ideas for the watchlist today.After the market open the LTA scanner will find up more we can trade. Thank you for your understanding.
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.
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 savvy trader knows how
to make money in all markets, but the savvy trader needs the right tools and understands
charts. Keep reading for a few of my thoughts. Bullish data is desperately needed,
or the bull will likely endure more pain. Currently, I see three events that could
potentially hurt or help the market. The first event is the FOMC statements this
week, the government shutdown, and the China trade issues. Currently, the SPY, DIA’s and QQQ’s are testing areas that could
lead to erasing 2017 gains just as we have seen in the 2018 gains.
Transports are looking broken and weak. The Transports ETF (IYT) has broken the bullish weekly trend line, ralliedfor a trendline challenge and failed. Price is looking for support, and withouta bullish catalyst, $162.40 looks to be inviting price.
Watchlist Ideas
We are adding PGR to our watchlist for a short trade. The weekly chart has failed top with bearish follow through. Last week’s weekly candle supported the Bearish Engulf and closed below the weekly50-SMA setting for a Blue Ice Failure strategy. For more information, (entry,Targets, and Stop) please join us in the trading room.A few others that we have on our trade list is MDB, DVMT, PG, KO, TXN, IMMU, NFLX. Past performance does not guaranteefuture results. Learn how to trade before 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.
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
Looks like members will take a little cash home today on the shorts and PUTS. Way To Go!! Yesterday I bought PUTs on the QQQ’s, and I know others who had PUTS on IWM, SPY and DIA’s
Yesterday S&P-500 ETF (SPY) closed below the T-Line for the 7th day in a row on the daily chart, and the weekly chart is still drawing a Doji. This week high$269.00 is what the buyers need to bust to gain any traction. The sellers look as if they want to revisit the October, November, December lows or close to them.
From Our Day Trading Division
Top Gun Day Trading had a fantastic week and a month so far. Here is the note I received from Steve Risner.
We finished the week +$1,445 for the week and are up $1,920 for the month. Have a great weekend everyone. We love the volatility in the market, in and out within a day. Sleep better at night
Yes, the little account can make it in the trading game, and the good traders can be better. Back in January this year I opened a little trading account to prove a prove a point (and to see if I could do it). The project was called “Road To Wealth.” I opened the account with $5,100.00, and as of 11/30/18, the account is worth $23,567.00 or a 362% increase.
If you would like to learn from someone that truly makes money not just one hit wonders and backs it up with his account statement. Click The Button Below
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
