Rob Hoffman’s Day And Swing Trading Market Strategy Update For 1/17/19

Welcome back everyone! Normally we focus on day and swing trading in the videos. Today we are going to focus more on the swing trading side for stocks and options.

I want to share this free tool that I have talked about many times before. I want to make sure you all see it again. Go to www.wealth365.com to check out the WSI and other tools. There are also exclusive articles and videos that you can’t find anywhere else. I am going to focus on the WSI tool for this video. My code went into building this tool.

You can click anywhere on this to see over a 100 different stocks that have different ratings. I like to focus on the 150 level. I draw an imaginary line while thinking 150. When we start to shoot to the upside, I start to look for long side trades. When we are at 150 and going down, I look to the short side. I have shown this off and on in previous videos.

Netflix and Amazon were climbing and climbing. We launched some great buy signals on the Trader Rescue Package. That is both for day and swing trader alike. We had a wonderful run to the upside on Amazon. We fired off a buy signal coming off a sell signal. It was even the same on Goldman Sachs. The numbers were taking off on the Wealth Strength Index I just showed you. That could mean that there is longevity there.

I told you all that so goes Goldman Sachs so goes the markets. Goldman is pushing above the all-important channel. That led to a really nice run to the upside between the last two days. That came up and helped us a lot because we are trying to get above the channels on all four Stock Indices. I want to hold them as support too. That is the key thing that I’m watching for bigger picture scenarios before I get super aggressive on stocks and options plays to the upside.

I like to come back and check each day. I also check throughout the day to read some of the market articles too. You can see that Netflix pulled back significantly on the WSI. We have been consolidating. We are still above the 150 level though. We have a distribution bar up there. I would like to see us break above that area and allow those numbers to climb again. That could potentially create some long side opportunities.

Netflix just announced that they are going to be raising the rates. I am personally seeing a lot of good shows on Netflix these days. That is one great way to use the WSI tool on www.wealth365.com.

We also have the Wealth365 Summit coming up soon. I will be speaking a couple different times. On Friday morning, I will be doing a special multi hour event. On Monday I will also be speaking with Metastock. It all starts off with the Godfather of technical analysis Ralph Acampora. Ziad Jasani was voted one of the most excited presentations from our past show. He will be diving in and doing that again. Investor Business Daily will be showing their Leaderboard list of leading growth stocks.

Whether you are a day or swing trader, there will be a lot for you to see. You do not want to miss this show. You can go to www.wealth365.com/bbt and get registered right now!

Rob Hoffman’s Day And Swing Trading Market Strategy Update For 1/15/19

Welcome back everyone! Let’s take a look at the markets from a day and swing trading perspective. I want to explain all the things we should be focusing on when looking for the big breaks in the market.

We are at the all-important channel that I have been telling you about. The S&P is at the top end of the resistance. We are still hanging tough on the RUSSELL. We are still struggling on the DOW. However, we are holding in there after the accumulation bars came yesterday. We are just now pushing through the top end of the channel on the NASDAQ. I am looking for all four of these to get above the channel, hold, and then take back off. If you go to www.wealth365.com, you will notice these tools that I have mentioned repeatedly. I really want to continue to reiterate this to all of our new students. If we are in the 150 area and we are starting to take off through the 180 or 200 area, I will really be looking for long side opportunities.

I pointed out that Netflix did just that. I have been featuring Netflix in many videos. Netflix fired off a buy signal but had a sell in the backdrop. That led down to target one and got rejected. It was good that it didn’t get to target two. That means it showed strength there. It fired off buy signals. It ended up hitting targets one and two. I told you that yesterday was an important day because of the accumulation bar. The overall market was strong in the overnight session. That allowed the market to gap up and continue. There are even more opportunities as the market goes up.

Watch these numbers down below. If you are a Wealth365 VIP member, there are several different indices that are offered. A lot of those have been climbing. Netflix is right at the top now. I have pointed that out as it was climbing through the ranks. Make sure you keep that in mind. Some of my programming logic went into the WSI.

The article just changed as I have been talking with you. This is now talking about Netflix leading the tech rally. I have been talking about this for days. This was great timing here. Netflix is a key factor as we are watching and waiting for the markets to take off.

If you are going to take a short-term swing trade, I personally would look at what is rising or falling from the 150 numbers. That can really lead you to some better options down or up.

Goldman Sachs has been going along with the party. I don’t want to see it get stuck in the channel and fail. That could drag the overall market down. You have seen that we have been swimming in this area. We have also been consolidating in these all-important areas.

It will be the same thing for Amazon. Amazon has been trying to push through the channel. That is bullishness for you. We are overall sideways to slightly down right now. You want to stick with the strongest stocks now. Amazon is still barely above the 150 level. That is why I was pointing Netflix out to you guys. You can see Netflix was busting out and pushing up. I am not looking for baskets of long side stocks.

I am looking for key buy signals from a day trading perspective. These were huge moves in very short amounts of time. I have been following my methodologies. I am going to be following select stocks off of the WSI tool.

Hopefully a lot of you saw the big interview that was done today about Wealth365. This article will be syndicated throughout the country later this week. This has already started I believe! Don’t forget to join the summit. I am going to be listing out some of my favorite speakers this week. There are just so many top speakers at this show. Go to www.wealth365.com/bbt right away to sign up. There will be 30 plus new speakers. A lot of these were people you asked us to have on the show. You guys have a great night!

Rob Hoffman’s Day And Swing Trading Market Strategy Update For 1/14/19

Welcome back! An exciting time in the market. I’ve been coaching you on an ongoing basis of these all important levels that we’re watching in the market and they proved themselves today on multiple fronts. We’ll look at different stocks and the market as a whole.

The reason why this is so important is that I have a boatload of stocks on the downside and the upside but we’re waiting to see which way we’re going to break out of this massive consolidation area that I’ve been warning you about. For months, I’ve been telling you that this channel was the level to beat. We’d have to break through the channel, push down to it and take back off. The reason why I’m sharing a lot of this is we have new people coming on every day and we want to make sure our newest students are welcome and get updates on this. For months, I’ve been telling you that we have to get up above the channel, pull back and take back off. Only the Russell is close to that right now. We’re well below the top end of the channel on the Nasdaq, the Dow and the S&P we’re closing to the mid-points of the channel. That is wildly important. NFLX had a sell and got down to target number 1 then we had a buy and got up to target number 1 and even target number 2. The question is can we take back off from this area? It’s going to be a lot harder for NFLX to continue that journey if the Nasdaq doesn’t start the runaway process and breakaway from target number 2, we know that could be a phenomenal run. Now the next point in the journey is so important. Do we roll back over through these levels or do we break back above and make them support? As you recall, we haven’t been able to do that. We had these channels that were super support and then they became super resistance over and over again. Here we are at this important level. We’re seeing this of course on the major indices as well as the financials. Goldman Sachs locked in a sell, hit target number 1, hit target 2 and locked in a buy. We hit target number, 1, stalled out into that all-important channel process. Will we finally break through on the S&P, the Dow, the Russell and allow some of these to start hitting the bigger targets and potentially have bigger rallies. This is a very important time in the process.

Also, in 7 days, we have the Wealth365 Summit. Check this out too. Even Forbes is going to do something different this time. Theyr’e going to do real time analysis like stocks and options during their event. It’s all covered. Whether it’s stocks, futures, options, futures, forex, long-term investing, real estate. Make sure you get registered now. Go to www.wealth365.com/bbt and you’ll get to my page to get signed up for this special event. There are little giveaways that they’re doing from Forbes, IBD, myself, etc. There’s lots of great stuff you can have access to. It’s going to be a phenomenal week. We have 25-30 new speakers. I’m really excited. I have special classes for you as well. Go to www.wealth365.com/bbt to sign up. Can’t wait to see you there.

Here Are Rob Hoffman’s Videos From Today And The Week That You Can’t Afford To Miss

Welcome back! I’ve got a lot to share with you. If you missed any of the videos from earlier this week, we’ve included the links in this email as well so you can catch up. I shared a lot of great information both end of day and intraday basis so whether you’re a day trader or swing trader, you’re going to want to see that.

Starting off with swing trading, we’re still in those all important areas. WE’re still struggling. The Russell is the strongest of the bunch but the rest of them are still struggling in and below the bottom ends of the channels. The Russell is trying to make some support on this but until the other ones come along for the ride, this is only moderately interesting with what’s happening with the Russell. We’ll be watching the other three indices as we go into next week.

Let’s look at the daily charts. With Goldman Sachs, I want you to understand that we’re having the same issue with the same channel. Remember when I said “So goes Goldman Sachs, so goes the market” and I’ve proven that the last several months. Thursday we had a distribution bar, today we had an accumulation bar and earlier in the week we had a few accumulation bars. We have a mini kill zone bopping back and forth. Goldman Sachs has to get back above this 183 area, pull back to show that 183 area is now support and start to take back off. That would be very powerful to see to get those overall markets above those channels.

I’m pretty keen on Netlfix these days for a host of reasons. We have a positive divergence taking place. I had a recent buy signal with my Trader Rescue tools. We got back above that channel. I gave you a free tool that you can use on www.wealth365.com. In addition to the exclusive articles that you can read and can’t find anywhere else, there’s also this really powerful tool that I helped program called the Wealth Strength Index. You’ll recall that we’re looking at stocks that are around the 150 level like AAPL is right now and look to see if they start climbing out of that area. If they’re at the 150 level to see if they push down to the 100 area. Netflix started to climb and combined with the positive divergence and being above the channel, led to this phenomenal run. I’ve been pretty fond of it’s actual programming myself if you’ve been watching these videos.

We’re still in this channel for several days now. You can look at these key indices here. We’re talking five days we’ve been in this channel on some of these instruments. This market is really coiling up waiting for a big break up/ break down. What I encourage you to do tonight is go back and read a bunch of these exclusive articles. If you haven’t already taken advantage of the Wealth365 Summit, that comes up a week from Monday. I’ll be on there along with a lot of great individuals like Ralph Acampora and so many other great others that you won’t want to miss. Also, make sure you go to www.wealth365.com/bbt so that you can get yourself signed up for this summit. You’re not going to want to miss it. There’s hundreds of thousands of dollars worth of prizes. Some people are giving away access to things like Investors Business Daily. It’s our biggest and best ever. Go to www.wealth365.com/bbt.

I’ll look forward to seeing you at that very special event and make sure you watch those other special videos I shot for you earlier in the week. I gave a lot of great swing trading and day trading information. I’ll see you in the upcoming videos and the Wealth365 Summit. Have a great weekend!

Rob Hoffman’s Day And Swing Trading Market Strategy Update For 1/10/19

Welcome back everyone! Let’s hit a lot of different topics today on the day and swing trading sides.

 

Let’s start with swing trading. These key levels that I have been telling you about have continued to be the issues of the day and week. Frankly, they have been issues for the past couple months because we haven’t got above the key channels or got above them. We are still looking to see if we can do that. We are still stuck in here on the NASDAQ, DOW, RUSSELL, and S&P. I want all four of these indices to push through the channel and pull back. It has failed to do that for the past couple months. It keeps getting close and peeking its head through. This is an important time for these indices. That will dictate where we go for some of the swing trade perspective.

Crude Oil is dealing with the down trending channel. It has been a couple months since we have tested the channel. It is doing well so far. I want to see if it can hit the 53 area or better, pull back, hold it, and then take back off. The positive divergence on this is working very well. You can see the higher high in indicators. We went right to target two on the sells. It fired off on the buy side again here. It pushed all the way back up to the channel. This is a critical time for Crude Oil.

It is a critical time on Netflix as well. This was buy side for a very long time. It has avoided the sell sides. I have avoided the sell side because of that. We are getting back and oversold in the short term pushing back up to the weekly channel. We got up above the channel and held that before. I am kind of looking for something like that again. I want it to get back on the path of the long side. Right now this is very important. Netflix is very interesting to me. Some of the Netflix software has dramatically improved. I am going to be watching this so carefully as well for buy side opportunities if we can pierce through the weekly channel.

I want to remind you of something that I have been telling you recently. We had this situation with the market. I discussed the plunge protection team a lot in the past videos. You can see around the 27th of the month they were talking up the market. That is referred to as jaw boning the market. Since then, the market has been on a very nice trajectory to the upside. We are now in the major test area for this. Because of that, I will not be willing to take shorts into the falling resistance. I would usually do that in a bearish market.

Today the NASDAQ was pushing down. I would be looking to short that again to the downside. Until we either fail the daily channel and push back down, or dramatically breaking to the upside, I am going to focus on the long side trade. These next couple days will be very critical here. Will we hold or break through? We have had wide and tight range bars. We could either get another big bar blow off here. Otherwise we could roll off before the blow off happens. We will have a lot to update you on in the upcoming videos.

It won’t be much longer till my special training class at the upcoming Wealth365 Summit. There are roughly 70 plus speakers. There will be a person from Forbes and Investor Business Daily. Go to www.wealth365.com/bbt right away to sign up! This the largest all-online financial summit in the world. You will not want to miss that! I will see you all there guys.

Rob Hoffman’s Day And Swing Trading Market Strategy Update For 1/7/19

Welcome back everyone! Let’s give you some important updates that you need to know from a day and swing trading basis.

We are right in the all-important down trending channels from a swing trading perspective. That is on all four Stock Indices. I have been looking at this for quite a while. I want to see if we can finally get back above. I have been telling you since October about this. I want to see it get above the channel, pull back, then take back off. It kept getting close then dying a horrible death. The plunge protection team kicked in. You can Google Mnuchin plunge protection to see all these different places that you can see about this. He reassured banks that things will be good over the weekend. That is exactly where the market found support. We are now at this critical stage where we are testing this channel. Remember, we want to push up, hold, and then take back off for any type of meaningful swing trades. Make sure you read about the mnuchin plunge protection team if you don’t know what I’m talking about.

Once this concept is enabled, that will dramatically change how I look at pull backs in the market. Whenever the market were to roll back over I would look for short. Once the plunge protection team was enabled, I would then look at the long side trades as legitimate and short term buy opportunities.

We were dramatically oversold on Goldman Sachs. The buy side ended up hitting target number 1 and 2. Remember that once we break through target 2 we are looking for break away. We fired off target number 1. Since then we have hit target number 1. That is right below the all-important channel I was talking about. We have to get above that channel because we might hit target number 2. If we can break above there that could potentially lead to some more movement to the upside.

Now let’s look at this from a day trade perspective. Typically if we pulled back into the channels and stalled out, I would look for a short. I said that I am not looking at that right now for shorts. I want to see it get back above the channels and become a long side trade. This is the same process that I am looking for on a swing trade basis. The point is that I am not looking at the pull backs into falling resistance as a short opportunity team. Once it was announced that they would try to reassure banks and shore up the financial system, I want to see if it can break above again. I am looking at this from a day and swing trading basis.

We didn’t hit target one in two spots. However, we did hit target one after that. That is exactly what I am looking for. I want to check for any buys thereafter. That is a very important strategy. If we roll back over into the channels I will look for shorts. When they are coming into the channel I am not looking to short. That is how I am looking at it from a day and swing trading perspective.

Rob Hoffman’s Day And Swing Trading Market Strategy Update For 1/8/19

Welcome back! We have President Trump’s speech this evening. We’ll be watching that to see if there’s any clues for the direction he’s going to move and if it affects the government shut down and potential implications to our economy.

A few things from yesterday, we told you that we’re still going to be watching the key levels and falling resistance channels. Until we get above there, we won’t be able to rest any easier for swing trade opportunities like we talked about. Right now we’re at the mid point of the channel on the S&P. We’re just above the midpoint of the channel on the Russell. On the Dow, we’re right underneath the channel and the S&P closed right at it. We’re looking to see if we can break above the top side of the channel, pull back, hold a little bit and take back off. In the meantime, because of the opportunities of the Plunge Protection Team, this continues to be an opportunity where I really don’t want to focus on playing rebounds for the short-side. What I meant by that was down over here. Typically, when the market’s coming down and pull back into falling resistance level, we usually look to short that and look for it to go back down. In the Live Trading Room this morning, I was focusing on shorting the initial move down. Then, we’ll look for secondary entries on falling resistance. We didn’t do that today, we’re in that very specific market with that Plunge Protection thing where moves that go up and continue to go up just as they did for the remainder of the session. Keep that strategy in mind as we’re moving forward. Mostly what I was focusing on today was gotcha type trades where the market opens up, pushes up and resumes to the downside.

For those who are looking to find bottoms and tops on a swing trade basis, go to www.wealth365.com. Most of you already know it and are going to it already but we have market news, political news and lots of exclusive articles from myself and other market wizards. There’s stocks, options, forex, day trading, swing trading and other exclusive articles you can’t find anywhere else. You can use the Wealth Strength Indicator to see if we’re on this 150 level and pull away to the downside that can lead to some good shorts like on AAPL. It ultimately ended up buried. We’re going to look to see if it starts pushing up to the 220 or 230 level that could lead to some good buy opportunities in the short term. At the same time, we look to see if markets around that 150 start going down back to below the 100/80 level and that can lead to some great shorting opportunities. You can click those different levels and see lots of different stocks that people like to watch. Right now, we’re going to be watching with AAPL.

Go ahead and stay on top of those strategies. Check out www.wealth365.com for your exclusive news and articles. We’ll look forward to seeing you in the nightly videos and the Live Trading Room.

Another Amazing Trading Day With No Bottom Confirmed Yet

What a wonderful day on Wall Street once again today! Let’s start off with what I shared with you in the last several videos. You can start off by going to free nightly videos on the Become a Better Trader website.

You can see the most recent video about being at a bottom yet. I told you guys that we weren’t until we can get above the channels. I also wanted to see them become support. Make sure you go back and watch that last video to be sure. Since I made that video for you, we have made lower and lower lows. This is why I didn’t want to be looking for swing longs. I said that I am going to be looking for intraday longs and short side trades.

This is an update to the last video I shot. That was dead on accurate once again! The FOMC today fired off one of my trader rescue package short term buy signals that hit target 2. These don’t move after the fact. They are printed and they stay there. That fired off another short and hit target number 2. Breaking through target two could’ve led to a runaway. That is exactly what happened. We had a quick buy signal as of the time of this. Then we hit target number one and pulled back. We had several great signals firing off. Those were really phenomenal.

These markets continued to offer so many opportunities here. Remember what I have said about these fantastic videos that I have shot for you. This is a traders market here. In this little bit of trading that I was able to get done in the short term I made around 2562 dollars in gross profits.

You remember that I shared with you the Trader Rescue Package with you a few weeks ago. I have shown you some of the things I have accomplished with the Trader Rescue Package over the last couple weeks. If you go to www.traderrescue.com you can sign up! We opened this back up till Friday at Noon Eastern Time. You still get benefits like the scanner and two months access to my insider membership. You guys can get access to the same tool that I have here. This is available for a fraction of the price. The normal price is around $3997. It will be around a quarter of that for a very limited time. Merry Christmas and happy holidays to all of you! This is my gift to you. Hopefully you can take advantage of this opportunity to kick off the New Year right. It will only be available till this Friday at 12:00 ET.

I look forward to seeing you all in the upcoming Live Trading Room or in tomorrow night’s videos!

Rob Answers The Question “Are We At A Bottom Yet?” With Profits To Back It Up

Welcome back! Let’s take a look at a bunch of things that you need to know. Part of this is a major recap for you and you need that. Let’s start out back in August. We talked a lot in August about Goldman Sachs. I kept telling you that at the time we were watching the 240 level and then the 245 level. We talked about all the resistance. What ended up happening was we popped up to the 245 and it means nothing unless we pull back to 245 and hold and take back off again. Unfortunately, what ended up happening was it hit the top resistance at 245 and rolled back over. Go back and watch the videos because that put me in a bearish and sour mood about the markets. We talked a lot about why I was cautioning you at the time.

Over the last couple of months, we just keep hitting this falling resistanace and I’m not going to say this is the time to buy. Everyone keeps asking me when is it time to buy? I keep doing intraday trading on the longside and more aggressive trading on the short side. I’m not willing to put long side trades on a swing trade basis. That to me is a bad place to be and continues to be. What I’ve said the last couple months is holding true. When we had the big dip in October I said as long as we’re down in that channel it means nothing to me. Then of course, we went back and did it again.

The point that I’m making is the these videos I’ve shared the last couple of months and they continue to hold true. Here we are with fresh lows in today’s trading on the Russell. If you’re trying to catch the bottoms on this, you’re probably getting cut. It would be better to focus on the overall trend for the best success.

This brings us to where we’re at. If we look at Goldman Sachs, we locked in distribution bar and that $245 attempt locked in another distribution bar. Instead of holding that 245 level that was so important, we went right back below and it rolled over and died a horrible death. You can’t get a good feel from where the market is going. Now if you take a look for those who have my Trader Rescue Package, Goldman Sachs fired off weekly sell signals. Then we break it down to a daily chart. We fired off additional sell signals on a daily chart and it pushed us down another $32. Why is this so important? So goes Goldman Sachs, so goes the market as I often say. Goldman Sachs is under significant pressure. The market as a whole is in a downtrend so I’m primarily going to focus on short-side trades. That brings me to intraday trading.
Today I grossed about $1500 but I only had about an hour to trade today because I spent all morning at a car dealership getting updates/upgrades on the new car I got. That being said, not bad for an hours worth of work but not some of my best. Why was I focusing the way I did? You can see here we fired off some really nice short-side trades here. As a whole, they were in the overall trend in the backdrop. Also there’s some uncertainty in the market with the news and the political front. It does a lot of damage in the market. The best trade from my perspective, is on whole going short.

In the interest of full disclosure, I did do a little bit of long-side trading because my Trader Rescue Package said we’d almost hit my negative 50 level, which is my max range extension if you will. That goes back to my bigger point that I’m focusing primarily on conservative and aggressive short-side trades but I am doing a few intraday only long-side trades when we get extremely over-cooked and get some buy signals.
I’m doing exactly what I said we would be doing. I encourage you to go back and watch some of the previous videos. Everything I said would happen, happened. This is why I’m trading the way I am and how we’re putting all these pieces together. It doesn’t mean we aren’t going to have some dead-cat bounces. The Dow pushed above the channel for a day, rolled right back over and died. Until we get above the channels, make them support and take back off. That’s our first potential chance to a real bottom from my perspective. I’m not going to be catching a falling knife, I’m going to be trading the falling knife and loving every minute.

Have a fantastic weekend. Looking forward to seeing you in the live trading room on Monday.