Thoughts On The Market
The trade war has begun, it will be interesting to see how the market acts today. Yesterday the SPY closed over the 50-SMA and the T-Line but below the important $273.65 resistance line. The DIA’s still below the 50-SMA, and the 34-EMA is now below the 50-SMA. The QQQ’s closed above the T-Line, 34-EMA and the 50-SMA but below the $174.90 resistant line. IWM was the winner yesterday showing bullish follow through from the bullish engulfing. IWM also closed above the T-Line, 34-EMA and the 50-SMA. All in all, I would call this market sketchy at best. Trade cautious, trade small, trade with the best.
Trading Results
The past six months of trading has been pretty good if your trading foundation was solid and you stuck to your rules. Even with the SPY closing below it’s May high our Road To Wealth Account increased by another 16% and a YTD increase of 198.95%. To see the results and the account Click Right Here
Trading platform and Brokerage
I often get asked what trading platform and brokerage I use: Well the brokerage I use is Tradier, and the trading platform is TradeHawk. With only a $159.00 charge which includes unlimited equity and option trades, I couldn’t be happier. If you’re interested in saving a bucket of money Download TradeHawk and Try It Out Free
If you do let me know and I will hook you up with something pretty cool, you can have access to every trade I make instantly.
Today’s Trader Vision Trade Plan Right Here
Updated HRC Monthly Trading Results Right Here
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Doug is a successful stock and options trader and heads up the Right Way Options Trading Room. He has been involved in the market for 28 years and has fully supported his family from trading profits for the past 13 years. Doug is a master of trading trending charts and taking advantage of the benefits they offer. He uses simple ‘Naked Charts’ with minimal indicators and the focus on the most important element of trading – Price. Helping other traders realize their dreams is Doug’s way of paying it forward. Take advantage of this learning opportunity from someone who has done the work to create success in trading.
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Past Performance Is No Guarantee of Future Results
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020 or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.
Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.
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