John Carter Webinar Tuesday! How to Generate Consistent Trading Results

Mar 2, 2015: 1:27 PM CST

I wanted to invite you to a free educational webinar from long-time trader (and clear educator) John Carter.

Tuesday at 8:00pm EST, John will discuss insights on how to “generate consistent trading results” in the new markets of today’s environment.

I’m a long-time colleague and affiliate of John’s work and support his efforts to educate the trading community.

He also released a brief, straight-to-the point video which you can view ahead of Tuesday’s webinar.

Entitled “Why I Trade Options for Consistent Account Growth,” John breaks down the following chart in far simpler terms:

If you’ve attended any of John’s prior webinars, you know he presents with a practical, common-sense approach.

In addition, he has a way of explaining trading strategies and tactics in a simple, folksy style with examples and personal experiences.

John’s work can serve as an introduction to new traders, or a source of new ideas for experienced traders.

I hope to see you there!

Corey

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March 2 Reversal Market Update and Trending Stock Scan

Mar 2, 2015: 1:26 PM CST

After forming a base support level, stocks rallied sharply this morning and continued a short-term sideways trading range as described in today’s update.

Here’s the Structure and Planning Levels on the S&P 500 intraday:

After a near-exact repeat day Friday (from Thursday’s pattern), buyers flooded the market this morning with a powerful rally that took the S&P 500 back to the mini-resistance level into 2,113 where we develop our trade plan for today.

Note the 2,110 level and potential support bounce and pivot level to plan the rest of today.

A continued movement up off this level – and through 2,113 – suggests stocks have a shot at creating a new high, and that would be thanks to the short-sellers stopping out in yet another short-squeezed bullish impulse.

The alternate plan would be to short or be defensive on a breakdown under 2,110 that targets 2,104.

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Yes Stocks can Still Fall Market Update and Trending Stock Scan Feb 27

Feb 27, 2015: 2:01 PM CST

Strangely, stock prices can actually fall and today’s session so far is a very similar if not almost identical repeat of yesterday’s morning session.

We’ll be following and trading price action with respect to whether today fully repeats yesterday or else creates a new intraday structure at key levels.

Here’s the Structure and Planning Levels on the S&P 500 intraday:

Today’s session opened with a quick sell swing that – like many other days before it – saw a bullish intervention short-squeeze the market higher.

It would appear that the natural course of the market (short-term) is toward the downside, retracing the strong bullish movement.

So far, the intraday chart above shows a jumbled mess of price overlap between the 2,100 (pivot) and 2,120 level

Look for additional downside price action – and bearish trades to trigger – on a movement down away from 2,110.

Otherwise, this market is amazingly short-squeeze intervention bullish above 2,114.

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Three Strong Country ETFs Joining the US at New Highs

Feb 27, 2015: 12:59 PM CST

As we chart the US S&P 500 (and related ETFs) flirting with more all-time highs, let’s compare the US strength with three countries whose related ETFs are also at similar new highs.

We’ll start our adventure around the world with India (INDY):

This post is designed simply to highlight these country ETFs and their bullish trend structure and new highs.

India has strengthened noticeably through 2014 and the relative strength continues with bullish action in 2015.

The INDY ETF price level to watch is the $33.00 per share zone and the potential for more upside action. Continue Reading…

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Feb 26 Market Can Actually Fall Update and Stock Scan

Feb 26, 2015: 2:37 PM CST

Can you believe the market can actually fall?  I didn’t either!

Nevertheless, today’s session is showing price weakness but buyers – so far – have again held up the market from falling sharply.

We’ll be watching for the remainder of today’s session if they’ll be successful, and thus adapting our trades.

Here’s the Structure and Planning Levels on the S&P 500 intraday:

Today’s session opened with a quick sell swing that – like many other days before it – saw a bullish intervention short-squeeze the market higher.

It would appear that the natural course of the market (short-term) is toward the downside, retracing the strong bullish movement.

Look for additional downside price action – and bearish trades to trigger – on a movement down under 2,105.

Otherwise, this market is amazingly short-squeeze intervention bullish above 2,115 (be prepared for unexpected outcomes).

Continue Reading…

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