TISI – After a 23% 2 Bar Run

TISA – After a 23% 2-bar run our action strategy will be to wait for a pullback and buy signal between the $12.90 and $13.60 areas. TISI is set to break out of a 4-month bullish “W” pattern. Recently on the daily chart see a double bottom and a Bullish Engulf. On the 3-day chart,  I see a low • high • higher low. Plan your trade and trade your plan. ► Keep your eyes on price action and the chart patterns.

Good Trading – Hit and Run Candlesticks

► Trade Idea Update (ALGN)

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► Eyes On The Market

The was no sign of weakness going into the close yesterday other than the transports and IWM, which hasn’t seemed to bother the bulls lately. I see the pre-market futures are forcing the SPY to open at the lower end of yesterdays range.

Here is what I will be watching for; Price action that leans toward the buyers or seller, whether or not we close above the upper T-Line Band and whether or not price holds above the Volatility Stop on the 1 hour and 2hour charts.

Rick’s trade ideas for the day – MEMBERS ONLY

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Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.