A Perfect Launch From The Levels And Strategies We Shared With You. So Join Us Tomorrow To Learn And See More!

First things first, a lot of the strategies I taught you during the Wealth365 summit, absolutely went ahead and forecasted this breakout today. We’re going to review those tomorrow during the special event I’m doing for you at 12:00pm CT, 1:00pm ET. Since I trade live money in my real-live account not simulated funny money, you’re definitely going to want to go ahead and be there to walk through that. Today, the key was to go ahead and break through the top end of the resistance. There were 6 layers of resistance on the Russell, I’ve been telling you that all eyes are on the Russell. We wanted to go ahead and see if we could push through there and sure enough we went ahead and did. So the focus was completely on long side trading this morning because of that break. We talked about this, so many of these strategies I shared with you during the Wealth365 Summit went ahead and fired off. Hopefully you can see a bunch of them even as I’m looking here. Whether you can or for whatever reason you can’t you need to go ahead and be there tomorrow morning for the special event. We tied it in, we talked with you here about the WSI indicators. Look at that, 3 out of 4 of them were buried at the 300 level and of course that’s great stuff. Even the Netflix which last week was lower went ahead and started to push out so that did really well here also. So we’ve got a lot of stuff to show you here tomorrow.

I want to walk through why the stuff I told you about in advance worked out the way it did this morning and why we’re going ahead and focusing on this and where some of these setups and opportunities laid in this morning’s session if you went ahead and missed them. Also, don’t forget, all of you who are BBT insider members, today we had the live trading experience and Wednesday, Thursday, and Friday of this week we’re also doing live trading experiences. Make sure all of you get in on that, everybody else: join us by going to becomeabettertrader.com/go. You’ll be able to join us tomorrow at 1pm ET, 12pm CT. Instead of being a two hour event that’s focusing on a bunch of strategies, I’m going to go ahead and be shortening it and focusing in on one key strategy here that went ahead and proved itself time and time again here even just this morning and over the last couple of days leading up to this explosion. We’re going to bring it all together for you tomorrow so whether you’re a day trader, swing trader, small account, or large account, tomorrow is going to be a very special event for you. Go ahead and go to becomeabettertrader.com/go.

I’ll give you live market updates during the event so that’ll be better and more timely than doing them here this evening. We’ll show you in the here and now what we’re focusing on, what we’re trading. Thanks a lot gang, I’ll look forward to seeing you at this very special event tomorrow and putting together the pieces that I’ve been building up for you in these videos the last several days that just worked out flawlessly this morning, exploding to the upside once that break on the Russell took place. Thanks everybody, we’ll see you tomorrow.

Here’s What’s Next After Today’s Must-See Trading Session

Okay gang welcome back!  Let’s go ahead and take a look at today because it was such a great day in the end.  We were looking for a down move today.  We really wanted to break down below the speed lines.  We wanted to continue to the downside with the stock index futures.  We had nice stochastic sells the other day.  So today was the follow through that happened once we got through the speed lines.  Now as we go into tomorrow, we are oversold on the stochastics.  Typically what we expect to see is some sort of bounce.  What I would like to see happen tomorrow is that we would get a small bounce early on followed by a drive back to the downside.  I am also looking for guidance from the DAX.  As you recall from yesterday, the first thing I wanted to see is to break down below the inventory retracement bar.  In the end, that is exactly what happened.  Here again you can see we are oversold in the short term.  I would like to see some sort of bounce tomorrow morning.  I want to see that even if the market goes down first and then gets some sort of bounce back up followed by a roll again.  Breaking this level here on the DAX is going to be important.

There are inventory retracement bars galore on a handful of the stock index futures.  I would like to see a concerted push after a short rebound with another roll over to the downside.  I know that it is a tall order because the stochastics are pretty oversold in the short term.  But if we can get the DAX pushing down, and the stock index futures pushing down, that could still lead to some good shorts.  There is an abundance of opportunities right now.

I would like to share an important story from this morning with you.  It talked about practicing what you are preaching.  In my fear of pulling the trigger and handling drawdown we talk a lot about psychology in general.  Of course that is a part of the membership with me here.  One of the things that we talk about is if you miss a good trade the next good trade will be right around the corner.  We experienced that this morning.

I just came back from Colorado and John was running the trading room on Monday.  I came back to it yesterday morning after a long night drive.  I was definitely tired and I was still able plow through the morning just fine.  I was still exhausted especially after my daughter’s birthday party yesterday.  So what happened was I missed a trade.  Whenever I have the drawing tool up the screen temporarily locks up.  One of the trades that I was looking for actually happened when the screen was locked up.  It is important to note that I was drawing what I was looking for in the market.  Overall I missed one of the trades this morning.  I recomposed myself and persuaded myself to come back by realizing the next good trade is right around the corner.  Sure enough, there were several setups that happened this morning.  We actually ran the trading room over this morning because I was still hunting and trading the room officially would have closed.  It just goes back to prove that if you miss a trade for whatever reason if you get frustrated and make revenge trades, you are likely to lose a great deal of money.  You all know exactly what I am referring to.  It is important to just wait for the right trade, at the right time, for the right reasons, and the opportunities will come.

Hopefully that is a word of encouragement regardless of if you are in the trading room or not.  If you were in the trading room you got to watch how I quickly recovered from that missed opportunity live.  If you were not I really wanted to share the story because most of because many of us miss a trade and then follow it up with a revenge trade.  That usually ends horribly for all.  If we are lucky enough that the trade doesn’t end up with disastrous results, we end up with a chance of failure in the future.  With the trading opportunities that are ahead in the next several days there will be a lot of great chances.  So if you miss one, the next great chance will be right around the corner.

Rob Looks At The Market From A Different View Tonight

Welcome back everyone. I have a quick update for you tonight in a little bit different graphical format. First thing’s first is on the Euro when we go back into last year. Last time we had a close above this down trending channel right at the end of June beginning of July time frame. Since that time, we’ve had multiple hits and for a very long time I’ve been commenting on the Euro and even back here when we broke above just intraday I commented one day doesn’t make a trend and we need to have two closes back above to say we might have a reversal instead, but we had a close down below and made what we call a Hoffman Inventory Retracement Bar closing 45% or more off the high and that was all she wrote back to the downside. Here we are again testing those areas and are continuing to fail and that’s why my focus has been short side still to this day on the Euro. It won’t be until we get two bars back above this channel where I’ll have any sort of great optimism to see some more swing trade based longs as we continue on here.

Gold is going to be something similar. I would like to see two bars close below this inventory retracement bars or two bars back above over here, because both of these inventory retracement bars are just big fat resistance levels until they are broken and what I’m really looking for here is two bar close above the channel or below the channel. When we get these multi-bar closes below the channel it usually leads to some good shorting and when we multi-bar closes back to the upside it can lead to some movement, but right now we are just whipping back and forth in this channel. I need a little bit more to see with Gold before doing anything there.

Similar situation as well in Crude Oil. If we go to Crude back in August of last year since we had one bar close back above then you’ll notice numerous tests of the channel over and over again. Same thing that we’re having now. We’ve had multiple attempts trying to break the top end of that channel and have each one close back down under there, and we finally had one bar break above there where we wanted just a second one and finally have some major buy side activity in crude oil where we fell back into that channel and held once again in today. I’m looking for either multi-bar breakdown to the downside or the upside, which I would prefer the upside. What I am looking at this for is all the opportunity back to the upside. That could be some huge short covering rallies and buying some off of these lows where you have a positive divergence over here and put on some of your favorite indicators you’ll see we have a nice positive divergence here as well. I would like to see us move back to the upside with some good head rippers and that would be pretty fun.

Here is the RUSSELL and you’ll notice how well the RUSSELL has been doing holding the channel, and even today right to the midpoint of the channel coming back to close right near its high.

The S&P is sucking wind and is really getting beaten around inside and just below the channel.

Same thing with the DOW, you’ll notice we’re below the channel, and also with the NASDAQ. So you see we have a 3 to 1 scenario here and the RUSSELL holding strong and the other 3 markets are very weak. We either need the other three to join along and that could lead to some great long side trades, or we need the RUSSELL to capitulate and see all the other market drop to the ground fast. If you look at the overnight session for the RUSSELL it took just the 800 contracts to drop this thing a huge amount last night very fast, where in the middle of the trading session today it took several thousand contracts rather than 8. So we have to let that fight sort itself out and focus on the RUSSELL rather than the other three that are all sitting down below. Someone is going to lose that battle and those other three are going to spike heavily back up and join the RUSSELL and this whole thing will tear to the upside and lead to great buy side opportunities or all four of them could capitulate and they fall out of bed together. You all have a great evening and I will see you tomorrow morning in the live trading room or tomorrow evening in the nightly videos. Take care everyone.

Enjoy This Extended Free Trading Video From Rob Tonight

Welcome back gang. As we take a look this evening let’s look at the Euro. Over the last several weeks in the archives we had a lot to say about the Euro in the last several weeks, both breakdown points and even as we were getting retracements in this area and these areas as well. So we’re not going to be focusing on those long-side trades until such time until we broke back above the channel, because something powerful like this channel in the Euro can have a great affect. For those who were getting excited even when we had the positive divergence over here, if you recall I’m like well that’s great but I’m still not going to take the long until we get above the channel. So the focus was on short side and short side only trading. Now where we are is we continue to see after all that discussion for the last couple of months where are we? We’re at new relative lows over the last several months. Pretty great stuff. As we go into the next couple of days watch out, I think we have some ECV announcements tomorrow morning, but basically what I’m looking for outside of that actual news release, where I don’t want to be trading in the middle of, I’m looking for fresh shorts down below the 12280 level. If it happens right during the discussion level there is too much risk of a snapback and retracement, but as we go into the overnight session and the announcements in tomorrow’s session if we can stay below that 12280 level we will be looking for short side trades there.

Let’s take a look at gold. Gold right now had this rapid sharp movement, it was in this consolidation I presented to you last week. We had a nice move to the downside, which was quite large. In this holiday trading we had this push back up. After a move like this I would like to see spike to the downside and move right back up. I would actually like to see follow through right back up. We still have some major resistance a few hundred ticks away from us. So we were actually following along with that this morning as we traded in the live trading room, but it didn’t materialize, we ended up focusing on stock index futures long side trades. The goal was very close on the radar, so we’ll be watching for further opportunities. If it dipped back down into the channel I’m not going to be interested so if it falls right back into this channel here I’m not going to be interested in taking a trade there. It’s just not going to be a trade there. It’s just too much of a 50/50 trade there. It could spike anytime and the risk reward isn’t that great. Long side trades are a bust on gold is what I’ll be looking for.

Taking a look at crude oil here. What can I say I’ve been talking about this for several months in these videos you’ve heard me say the same thing is bearish on crude oil? Over and over again we’ve been holding the channels to the downside here. For the first time in quite a while have gone sell side back in July on a core trigger, not just my fast trigger, which had a razor burn sell signal over here. The first time you had double sell signals and just basically we are setting out milestones that I want to break. If you go back to the archive videos and see the proof is in the pudding. What I say generally happens, and as we take a look over and over again this continues to break down sharply. Beyond my original expectations I went ahead and put out revised expectations on that. We kept meeting/exceeding each one of those which was great. Now we’ve had a big move on Friday of last week. What we’re looking for now is in this downside between 66 and 64 shorts in there, if you take straight trades in there you have to watch for whip saws back in there. What I want to see is if the speed lines are going to open up down near the price tomorrow. I’d actually like to see a speed line down to 20 back over here. So in other words what will happen in the speed lines move down and try to get above there and look for long side trades? Especially if we can push above those speed lines and start to rally back up again. That would definitely be a trade I would like to take in the short term.

Now to take a look at Japanese Yen is another one I’ve been talking to you about this for months and months. We’ve actually looked for 20 speed line trades on that, but it doesn’t get through, but doesn’t hold above the speed line at all. As you recall I mentioned something extraordinary to you about the Japanese Yen which has become a part of history at this point. We mentioned that this is the weekly chart and my indicators were flat for months. When this breaks out or breaks down its going to be a huge move so it started to break from the downside and from that point on it was all about fresh short side entries. That continues to go ahead and be the case as we’re sitting here near these lows. Nothing has changed with that at this time, I’m not going to really fully disband the short side thinking on this until we can start getting back above that channel there. So in the short term retracement rallies are going to be met with short side activity from my perspective.

The British Pound we’re kind of holding that key level I’ve been showing you for the past month basically this was a key level and we got a break and are continuing to sit at that level a year later, and will continue to work time and time again. Until we get down below this 15580 level I’m not really interested in doing anything. If we hit that 15580 level I’m not really interested in doing anything but if we get down below that level we will see some differences in price on the British Pound as well.

Finally with the stock index futures they were of course the focus of today in the Live Trading Room. The trading I did was long side trading. Right now this is the story. I expect a lot of volatility all the way into the New Year, which if you recall I said that this summer as well and then look what happened. We had massive amounts of volatility the last couple of months and so we’ve got a lot of great stuff going on and that’s going to continue for us as we go into the New Year. It’s a great time to be a trader as I have mentioned. Here is what I’m really looking at is we have kind of a split decision and this is important for you to understand. On the fast triggers we have this magenta blue magenta which normally foretells lower prices. At the same time we’re still holding on for dear life on the core triggers as blue here. Even the RUSSELL went back to blue on the core trigger today and we’re staying blue on the others. This is important because I want you to see what needs to happen here. Either the RUSSELL needs to break out to these downtrends here, these magenta blue magenta negative moves need to resolve themselves by breaking back out here and going back blue. Then you have the underlying structure and the short term structure going blue and that could lead to much higher prices. Or what could happen is this core trigger could start to roll over now. As you see over you get these negative divergences like we have right now in the fast trigger versus the core trigger notice what happens here when the core trigger ended up losing the battle to the fast trigger we ended up having much lower prices and huge retracements down in the market. Down from a capital preservation/market timing perspective you’d much rather be getting out up here than down here as the market is falling a thousand points. That’s why it is so important to understand that we really want to see what’s going to happen. Will the fast trigger start to actually push back up in prices and push back up into the core trigger or is the core trigger finally caving which could lead to much lower prices. So that’s where we’re at and that’s what we’re watching right now on the RUSSELL but I’m all for the stock index futures together. That’s going to be the key theme for the next several days because those will be affecting our swing trades as well. If we can get those fast triggers going out with the core triggers then we have a whole new opportunity to the upside if the core trigger however succumbs to the fast trigger then this market could be due for its next rollover. That’s the best part about being a trader is you make great decisions in the short immediate term and you can use this work. Nonetheless, great stuff going on with the market and what’s going on with the great year. In the summer I said it was going to be a great back half of the year and its proving to be the case. Please keep your comments, suggestions, and ideas coming into us. We look forward to seeing you either tomorrow morning in the live trading room or tomorrow night in the nightly newsletter videos.

The Stock Markets Key Must-Break Levels Are Very Clear Here

Okay gang, welcome back. Well looks like I’m going to be seeing a lot of you in Las Vegas so very exciting. I’m looking forward to spending a lot of time with you guys here. Mostly trading education, but also taking you aside and helping you anyway I can in your individual trading questions in Vegas as well. As we kick off tonight, a couple of key things we want to focus on. The VIX still continues to be around the 14 level, on the 14 level and above I find that stochastic spike type trades are very responsive. We saw that over and over again this morning in things such as the euro, and the U.S. stock index futures. In fact as it relates to the euro I was shorting it throughout the morning and the stochastic spikes continued to work for a while. Even the daily chart as we closed up on Friday afternoon went ahead and led us into a Monday stochastic spike, which then led us to a big sell down here. Nice follow through on the short side with the euro. Going into tomorrow we’ll see continuations there, we are still in an accumulation bar, and still look to see if we can push down towards that 124 level. If it starts pushing back up, I’m going to just avoid it. I’d rather take the short overnight trade or no trade at all.

As far as stock index futures go, that was quite an adventure today as well. I cannot emphasize how important this is. You have these huge tails on the downside here, huge tails from up above. You’re really marking your territory here down on the S&P, with these huge whip saws back and forth and we could not break that inventory retracement bar on the upside from today. We actually made an accumulation inventory retracement bar as well. We have really defined territory looking for aggressive shorts below, especially since there is all this room to grow, or even looking for longs up above. I want to make sure if we’re going after those longs above then we are going to agree on the DOW and the S&P here, because we have these inventory retracement bars that have been concealing and prohibiting our range of motion to the upside here. I show how this works on an intraday basis each day in the Live Trading Room. It’s magic, yet its really not, it’s real world trading so its important to respect these levels.

Of course the Russell the focus was on short-side on the Russell here this morning, it is really keeping this market from pushing to the upside here. As you can see it’s down below these speed lines. Russell has led this market many times this year and so far continues to keep us from having any sort of meaningful forward progression here. Until that Russell gets back above these speed lines, I’m not going to be very aggressive on the long side.

A couple other key markets I want to focus on as far as the bond, it went and came up to the bottom end of the key channel I continue to point out to you each day and remember what I want to do is get above the top end of that channel for long side trades. Right now what we’re doing is actually coiling up quite significantly. Just like I showed the same kind of concept and pattern on the Japanese Yen for you a few months ago, how we were due for big moves when we get out of a situation like that, well we’re coiling up again here so we’re due for some pretty healthy big moves. If we get back above the top end of that channel, last time we had a monstrosity of a move in bonds over here. Of course there was news as well, but nonetheless it had to break that key level and then it was free to go. We’re going to see if we can do something similar and get back above that level. I’m not looking for as large of a move, but just looking for continuation if we get above there, but we were stuck in the bottom end of that channel for today.

Last but not least we want to take a look at the British pound. British pound is holding at my target for the last two days, but we locked in a distribution bar today. What this did is we have an accumulation bar from Friday and a distribution bar from today. There is one heck of a fight taking place in here today. That clearly helps us define our area, where we want to get above this area for longs and down below this other area for shorts. Whenever you see a situation like that for a bracket here just look for some breakouts and breakdowns. You guys have a great night and again I’m very excited and looking forward to seeing you at the trading challenge and the speaking engagements on Thursday, Friday, and Saturday and helping you guys anyway I possibly can in the upcoming days. I will see you in the Live Trading Room tomorrow morning or in tomorrow night’s videos.

Not Just Great Analysis, But More Great Trading As Well…

Welcome back gang. Let’s go ahead and take a look at a couple of things. Before we do, I want to thank everyone who sent those warm wishes and condolences to Sarah and our family. That was very kind of you. It’s always overwhelming to see the outpouring support that you guys have given us over the years. Like 40th birthday parties, weddings, and of course all of the sad stuff as well like people passing away in the family. Thank you for all these years of being with us and we continue to try to help you with the different ways that we do as well.

As we go ahead and come into today I just want to follow up on something. In last night’s rush to get through some things, I did go ahead and left you some very important information on some things we traded today. I did forget to mention Apple and the reason why is actually because Apple in the session here, what happened yesterday was we were talking about this in the Live Trading Room and so what I told the gang is I want to get above this 10.30 cent level, I want to pull back down towards that and start to take back off again. That actually happened yesterday morning after the U.S. opened. We pushed up there just above that 1030 level, pulled back into that area and start to take off. From my perspective that was the buy point. As you’ll notice that buy point held from there on out, and kind of took off for the past couple of days. It’s actually a buy from my perspective in the Live Trading room yesterday, I forgot to mention it last night, but the bottom line is we saw the follow through on that today. Just so you know, since we didn’t cover it alast night, the reason why we were looking at the fresh buy signals on this was pushing through that key inventory retracement bar from the other day of course, it’s a key strategy. Its one I’ve used many times on Apple and many others alike, I actually teach it off the Apple chart, and then we went ahead and pushed through that level, pulled back, and once again took back off.

Beyond that I really want to look at the stock index futures, because this was a big deal today. What happened on an intraday basis was this. I had newer students very interested in taking trades, as you can imagine, the market was popping up, the NASDAQ was going up here, Apple was going up here and was on target from what we were talking about here. This was what we were telling people about yesterday with our trading strategy. Everything was firing off cylinders from the NASDAQ. What happened there was a couple of things, my indicators was showing the 3 musketeers here is that it was starting to wane. Which was funny in last night’s video I did a whole tutorial on this for our indicator family and our regular premium members and of course saw it again today. It’s happened several times in the last several weeks that we have done classes on this. The bottom line to what we’re expecting is this, it was a fantastic strategy where my fast trigger and core trigger on the 2 minute and 5 minute fast start to rollover and let loose. Long before that ever happened we actually had told people to watch out for that because I had said listen, the NASDAQ is going up and we have new students joining our student family all the time that are trying to get me to buy it because of the new students that keep telling me to buy. When I keep saying look at the RUSSELL because it has been the leader in many cases this year. So the RUSSELL was coming down here, which I kept referring back to the RUSSELL throughout the morning session here, and you can see that just continues. I asked does anybody else besides me find that interesting. And of course that led to the big sell off shortly thereafter. It was a great reminder using all of those tools and techniques all in one. Sure it led to some trading for us in the stock index futures, but the real prize today was the crude oil.

Do you recall the very first chart I shared with you after memorializing Sarah’s grandfather last night was crude oil? I said this is one that we’re going to very specifically look at going into today, from the perspective that we’re looking for inventory retracement bar breakdown or a breakout up above if it gets above this area over here. We’ve been talking about the quality of these trends to the downside here and I was seeing if we could get down below we could get down much lower. So walking in the door today that was the focal point. As you can see this was the time stamp in the Central Time at around 8:30 this morning I had pointed out that we had the daily, weekly, monthly pivots there and also my 80/20 rule at 7580. We also had the big inventory retracement bar that I pointed out to all of you in the video from yesterday so in total we had four over here on this chart and then another one over here. We had 5 different support levels all within 7 ticks. Huge, huge, huge, and we were looking for that to break this morning. So all of the trading the rest of the day was focused on that beautiful short side crude oil trading. Great stuff. Great way to use these nightly videos and even these free ones and tying some of it in and actually use it on an intraday basis as well. Not to imagine how we look at some of those swing trades which can get launched out of the Live Trading Room as well. Kind of like Apple yesterday when we were even trading intraday.

Going into the next couple of days I’m going to continue to watch crude oil. I keep saying over and over again in these videos where I hit my initial target of 85 dollars and breaking through each key support levels and continue to get opportunity to break down. We’re going to be looking for short side trades as soon as fresh sell signals hit. So whenever we break inventory retracement bars, get momentum shift with trend bars, other fresh momentum shift breakout bars. All of these things become fresh sell signals. Whenever we get those fresh sell signals like this morning we broke those 5 bars all within a 7 tick range based on daily, weekly, monthly numbers you can bet I’m going to be all over that. Great stuff. You guys have a great night. I will look forward to seeing you all in the Live Trading Room tomorrow morning or in Sunday’s nightly videos. Take care everyone.

Tonight’s Market Update Is Dedicated To Sarah’s Grandpa Ted Who Just Passed Away Today

Welcome back everyone. Sad evening for us. Sarah’s grandfather on her mother’s side was admitted to hospice, Monday evening and passed away a few hours ago. So sad evening for all of us. If you recall a few months ago Sarah lost her mother on her dad’s side from a massive stroke. Just an unfortunate time, a happy time to have our beautiful daughter, but sad that Sarah is losing her grandparents. Her grandfather was always a fantastic person to her and her siblings, and he was also a World War II veteran. He was a great person and will be sorely missed.

As we dedicate this video to him and my lovely wife Sarah, I want to focus on just a couple of key markets tonight so we can get to some family services this evening. A couple things you want to keep in mind for everybody here.

Crude oil is something that is very much on our mind, if we get down below the 76 level we could potentially see much lower prices, so we’re really watching this inventory retracement bar down to 76 and the inventory retracement bar back up to the 80 area. If we can get below the 76 we could see prices easily of course to the 75 and even potentially the 70 level. If we get above 80 we could see a quick jaunt to the 82 to 84 area. So we’re going to be watching for a breakout/breakdown for those two different areas.

Another one we’re going to be watching for an overnight trade going into tonight and even trading beyond is the British Pound. The British Pound closed right down below its lows and this inventory retracement bar. We’re going to look to see if we can stay below these speed lines and actually start selling below the 1.5650 or lower. So those will be two that we’re going to be watching going into the next several hours and even days.

Also the stock index futures, strategy for those will be this, as we take a look at all four stock index futures. We walked in this morning and the NASDAQ held the speed lines, the other 3 major stock indexes did below those areas, and then quickly recovered. So we did not focus on short sides, since by the time we got to the U.S. session we were pretty much at or near their speed lines and above so we were really just focusing on long side trading. The trading room this morning was full of long side trades and was the main focus. Going into tomorrow and the next couple of days, I’m watching to see if we can get above these inventory retracement bars and these resistance levels as you can see above us here. At the same time since we are above those speed lines I’ll naturally gravitate towards long side trades first to get short really aggressively on a day trading or on a swing trading basis in particular. I really want to get below these inventory retracement bars really now more than ever after today’s activity. If I’m a swing short I want to get down below these levels that you see highlighted on these major stock index futures, because the market tends to walk the stairs up and ride the elevator down, so if we get down below those levels you might see us closing that gap and get down to that rising support underneath us. So from a swing short perspective that would be a little more of a focus.

Along those lines as we take a look at the DAX tonight, it is holding nicely above that 9200 level and held quite strongly, and bounced quite a bit off of it. For those swing shorts once again especially for some of our favorite European stocks, we’ll be looking to get above that 9200 level. Anywhere from that 9200 to 9400 level is going to be a “No Trader’s Land” and focus on intraday charts for any trades there. We will not be looking at any swing trades here until we can break down below that area, and even more preferably 9100 because as you can see there is lots of room to the downside that would make for nice swing trading longs or even shorts in the 9400s. Those are the key areas we want to focus on tonight, and again we want to keep Sarah’s grandfather in our thoughts tonight in loving memory. Thank you very much gang for being with us tonight and we look forward to seeing you in the next coming day’s videos. Take care everyone and have a goodnight.

Rob’s Key Levels That Will Really Get This Market Moving

Welcome back, gang! Rob Hoffman here. I hope that you guys are all having a great start to your weekend. As we go ahead and start to close out Friday afternoon I wanted to take a look at a couple of key markets that are important to us going into next week. First off is the Euro. The Euro went ahead and we talked about this likelihood of a retracement today after the big wide range bar. It stopped cold below that 13000 level, which is fantastic. What I would love to see now is us get down below the low from the past two days. Remember the charts that I showed you from last night of how much lower we could actually go based on this performance. Pretty exciting stuff!

I’d like to see that actually fail to break back above the 13000 level and roll back over here. That would be the favorite trade going into the next few days. Of course, that’s proven to be a very powerful move, in many cases, 400-500 ticks to the downside on the Euro after breaking down below the 13000 historically as I showed you in last night’s videos.

I’d like to take a look at a couple of the key markets. Certainly today it was all about the stock index futures here and their key resistance above and their key support below. This is a snapshot from within the day. We spent pretty much all morning focusing on this and exactly what we needed to see to exactly execute the next major trades. Yesterday afternoon, of course, offered up some fantastic trading opportunities and trading in general. If you went ahead and waited patiently for those sell signals to hit. Today we waited for those sell signals to hit again but we couldn’t break down below my inventory retracement bars. If you haven’t watched the fantastic, or read the fantastic article I did on that you can find it in Traders’ Magazine. I will get you the link to help you get signed up for that. I just did an article that was written in several languages internationally in the largest traders’ magazine in the world on that subject. Fantastic stuff here.

We held the inventory retracement bars once again from the downside. We’ve been holding them from the upside. The whole, the whole strategy, the whole thing that needs to happen next is that we need to break down below or break out above these very powerful and well defined areas here. You can imagine that going into next week that is exactly what I am going to be focusing on. I hope that helps! Great stuff this week. Watch the Euro. Watch the stock index futures. If you have more markets you want me to watch I would be more than happy to review some of those for you going into next week!

Take care everyone! Have a great weekend and we’ll see you Monday morning in the Live Trading Room or in Monday night’s videos. We have a couple of special events for you next week so stay tuned for the upcoming announcement to be a part of those very special events. You aren’t going to want to miss those. Take care everyone!

Nice Way To End The Trading Week. So What’s Next?

Welcome back everyone. I hope that you guys are having a fantastic holiday weekend here. I will be looking forward to seeing you in the Live Trading Room either Tuesday morning or in Tuesday night’s videos. In the meantime, let me give you a couple of key thoughts I want you to think about going into next week’s trading.

As we take a look at 6E we see that we have some time on the clock here on Friday afternoon but we’re going ahead and doing the video now because we are going to be getting on with the weekend here and we had great trading in the room this morning. Now we are done. At this point the 6E session is already closed. We are down below that 13100 level but really I need to see a continuation of that going into Monday morning to look for shorts during the European session and into the US session.

As far as GC is concerned, it is in that gobidly-gook area of support and resistance. There is really nothing that I am looking at initially going into next week. We will revisit it as we get into next week here.

CL went ahead and break through my area that I told you we needed to break through in the last couple of days. It finally did get up there and it exactly reached our target here today. Great stuff. No new fresh trade there at this time to focus on. If we go into Tuesday morning I may consider some short side trading, like a stochastic spike type trade. Usually Tuesday morning right after a holiday I will let things settle out. Our target was already achieved on this so there is really nothing else to do with it initially.

The ZB had some great stuff as well this week. At the end of last week we fired off my signal and went into this week and we got almost all the way up there, roughly 80-85% of our objective. Once again, our target was achieved in a short amount of time. I know a lot of my ZB traders were very happy with that this week. As far as new trading ideas, first of all, if you are in this trade still it is all about trailing it up. I know a lot of my people started taking their profits on this today. Otherwise, if you are still in it, you are trailing up behind it. We are going to want to get above this band to get the next breakout signal. We will talk more about that as we get into that area but we are not there yet. No new fresh signal. We are still operating on the previous one and people are starting to take their profits from that. Pay attention to these nightly videos because we’ve been giving you a lot of great information. We told you when the signal was firing off again and so it is really great stuff.

Obviously, it was a very light holiday week in volume but we were able to close out the week strong here. A lot of my traders that were doing three lot and five lot trades were really, really happy with themselves. I want to give a shout out to Alexander G. who is 83 years old and just did a fantastic job closing out the week strong here with multiple contracts and great trading with us in the Live Trading Room. I am very proud of him. I’ve got multiple 83-84 year old gentlemen and they are trading better than some of my 20-some year olds. It is really great to see that these traders are doing so well compared to some of the young hot shots that are coming in. It just goes to show you that you can teach an old dog new tricks.

The stock index futures, what can you say? You can see as of right now still we have a doji star. Again, there is still time on the clock. Here again an indecisive bar on all the stock index futures. Going into next week it is going to be all about getting that volume back on track and either breaking out above today’s highs or breaking out below these accumulation bars. That is what held us today. You can see each of my inventory retracement bar and hopefully many of you got to reach my great article in the International Traders Magazine. It was put out there in five different languages just yesterday. Those of you that have read it have really enjoyed it and gave me a lot of great feedback. What a great honor it is to put an article out there for the best trader magazine in the world.

As we look at this here, again, we had this accumulation bar from yesterday. That is clearly what we need to break through. It is acting as support and this is what we were concerned about going into today’s session. We did not break through it today. That is what we have to break through going into next week for short side trades or break above these highs that you see me drawing from the last couple of days. We have to get above those highs that are currently also distribution bars in some of these markets, particularly the S&P and the NASDAQ.

Those are the key things that we are looking at, gang. Let’s make it a great week as the volume come back next week. Really looking forward to having a great time with you. We will either see you after a safe holiday weekend on Tuesday morning in the Live Trading Room or Tuesday night in the videos. Keep your suggestions coming because we love them as far as trying to show some different things to you. We’ll see you soon!