The big Apple (APPL) has reported, not as bad as thought; pre-market is up. Now we take a seat and patiently wait for the 2:00 pm bus. The FOMC decision Hawk or Dove will be out at 2:00 pm today, rate hikes, up or up more and when. Knowing this information could help the market get off its fanny and make a move one way or the other. Yesterday the SPY closed with another indecision Doji, the 5hth one in the past five days. “Think the market is waiting for something”? The chart patterns and price action remains bullish as price holds over the 50-SMA and slides sideways. The price action is trapped between a bearish downtrend line and the 200-SMA and a bullish uptrend line and the 50-SMA. Unfortunately, neither the buyers or sellers have had enough juice to move price up or down. So we patiently wait sitting along side the road for the bull or bear bus to show up. The CBOE Market Volatility Index (VIX) closed above the T-Line yesterday, but the Red/Green Trendicator is still red on the daily chart. The VIX- would have to break out over the Trendicator to consider fear. There is plenty of reasons to remain concerned or even be sitting out of this market right now. I do remain cautiously bullish.

The following tickers are being added to our trade list: WHR, NNBR, APA, DVN, SCHW, GS, HD, NKE, JD. Past performance does not guarantee future results. Learn how to trade before you trade.

Private 2-hour coaching with Rick Saddler only $354.00 for non-members and $300.00 for members. Learn More

The “Road to Wealth Coaching” – Work with Rick Saddler daily and learn how he plans to double his trading account this year 2019. Learn More

Real-Time Market Scanner

The 30-day $30.00 trial ends Thursday, January 31. Start your $30.00 trial Now

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 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