Market Thoughts Friday 8/12/19, It looks and sounds Mr. Market has had enough of this tariff business and left the lock off the bear cage. Last week the bear chased the SPY back below the 50-SMA. Now for the bull to come back, the SPY will have to find stability above $293.75 then a possible challenge of $296.65. In the meantime, the bear is still running around, if the SPY closes below $288.90 we could drift back to the August lows.

The VIX-X CBOE Market Volatility Index has jumped all the way to $24.81 then pulled back finding a bit of support. Bullish trading above $19.40 would put the VIX’ers in a position to challenge the recent high of near $24.75. On the flip side, trading below $16.60 would test July’s bullish construction.

✅ Check out our newest YouTube videos👈

✅ SMS text alerts and reminders?👈

😊 Have a great trading day – Rick

Trade-Ideas

✅ For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for the QEP → (QEP) Quality Entry Patterns). TWLO, KMX, AVP, CERN, GPN, TSS, MDB, FB, FSLR, LSCC. Chart discussion 9:10 AM Eastern.

🎯Dick Carp: the scanner paid for the year with HES-thank you

🎯Malcolm .: Posted in room 2, @Rick… I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%…. this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription Plans • Private 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