Oct 31, 2014: 8:27 AM CST
Be our guest live at the rapidly approaching Las Vegas Traders Expo!
The special event will take place November 19 – 22 at Caesar’s Palace.
You’ll be able to meet fellow traders, hear in-depth presentations from leading trading educators, tour the exhibit hall to see new products and software (and ask questions directly to experts), and network with colleagues whether you are a new or experienced trader.
Register today and start planning your trip to Vegas! This is the link to learn more information and register.
I’ll be presenting live Saturday, November 22nd on “Insider Strategies to Trading Three Classic Price Patterns”
I will incorporate real-time market examples that are showing these patterns (and discuss trading opportunities).
You’ll also be able to hear from more than 50 leading educators including John Bollinger, Rob Hanna, Toni Turner, Larry Williams, John Hoffman, Andrew Cardwell, Al Brooks, Tom DeMark (just to name a few!).
Live events allow you to network with fellow traders and share your stories of success and struggle – all designed to build a community and friendships among colleagues.
I’ve always enjoyed the Traders Expos and will look forward to seeing you there!
Oct 30, 2014: 2:35 PM CST
At the end of QE3, stocks continued higher on the reported GDP growth and the S&P 500 tagged the underside of the 2,000 index target.
Let’s update our levels and note the top trending stocks so far in today’s post-Fed session:
After a logical sell-off from a knee-jerk reaction to yesterday’s “End of QE3″ announcement (see yesterday’s post), stocks traded higher and broke sharply higher on a Bull Flag pattern earlier this morning.
The result was a short-squeezed impulse toward the 2,000 index target, at which point the S&P 500 turned lower and traded into the 1,990 support confluence.
For now, we’re monitoring the neutral zone between 1,990 and 2,000 with a breakout above 2,000 setting the stage for a future rally to new all-time highs… or a move under 1,990 targeting the 1,980 or even 1,975 downside targets. Continue Reading…
Oct 29, 2014: 2:35 PM CST
The cross-market landscape reacted predictably to the end of the QE3 policy experiment and we’re monitoring follow-through from these initial movements.
Let’s take a look at three key markets and how they reacted to the expected news:
A quick, zoomed-in perspective shows a knee-jerk sell-off in Gold which was accompanied by a knee-jerk buying surge in the defensive TLT (Treasury ETF) and the US Dollar Index (seen here as the UUP ETF). Continue Reading…
Oct 29, 2014: 1:15 PM CST
As expected, the Federal Reserve announced an end to its QE3 stimulus program and stocks reacted immediately with a knee-jerk sell-off lower.
Let’s update our levels and note the top trending stocks so far in today’s special session:
Continue watching price action closely in the high volatility period after today’s Federal Reserve announcement.
The key level will be the 1,975 index in the S&P 500 and a break above the 1,983 level could trigger an impulsive bull flag breakout.
Otherwise the market is a bearish play under 1,975. The Fed Day aftermath makes today unique. Continue Reading…
Oct 28, 2014: 12:26 PM CST
John Carter is at it again!
This time he’s written a simple eBook entitled “Understanding Options” which you can download now:
John is perhaps most known for his popular webinars and clear educational seminars for the trading community, but this time he’s detailing information in an easy-reference ebook.
I’m an enthusiastic affiliate of John Carter’s Simpler Options and have always enjoyed his contributions to the trading community.
It only requires your email address to receive the book and I hope you enjoy the information presented in his engaging style!