FOMC coils the markets spring even tighter for the big move ahead

Welcome back! As you know, the feds cut interest rates again today. It led to an initial sell off in the market and it went ahead and came back roaring ahead. With all that volatility, let’s talk about where it put us.

Looking at this more clearly, we take a look at the various stock indices out there. You’ll notice that we had that sell off and it came back to rising support and then it came down very close to previous accumulation bars that we had in the backdrop. Each of those accumulation bars went through just slightly and the market found a natural base of support again right in those areas. What we have now has wound us up even tighter. Today was an accumulation bar, yesterday was an accumulation bar and the day before that was an accumulation bar. But, the days before that was distribution, distribution, accumulation and distribution. It’s tightening, tightening and waiting for a big explosion. We’re watching where these accumulation bars are falling and the distribution bars are falling. We’re looking for a breakout/breakdown from those areas there. If we take a look at the Dow, you’ll see the same thing – back and forth, back and forth. This is a market on the edge looking for a large-range move out of these areas. I’ve pointed these types of things out to you in recent past. When we’ve had those, then we had the next charge out of those ranges. I’m watching these very closely. I’ve said repeatedly the Dow 27000 and with this news-driven market, we’ve pushed through. It continues to be a key market area here that we’re watching ever so closely to see if we could breakout to the upside. Every time it gets sold off, someone is buying it back up. At the same time, there is that overhead resistance. All of these indices have distribution. We’re finding a market equilibrium but the market’s volatility is going back and forth and it’s tightening that noose and we’re looking for a breakout in those areas.

That’s what’s happened in light of today’s action. The initial selling and retracing puts us right back on par with the previous accumulation and distribution bars. We’ll keep you informed as we’re watching these key levels and looking for the breakouts ahead so stay tuned.

Have a great night! We’ll see you in the upcoming videos!

Rob’s market review as we approach the breaking point

Okay, welcome back everybody, let’s go ahead and take a look at a few things you need to know. First of all, I’ve been talking about, even from last year, the DOW 27,000 area. We’re making equal highs in price or slightly higher highs in price but lower highs in indications that led to the pull-down then back to the 27,000 area pullback back to the 27,000 area, pull back, guess what, back to the 27,000 again. The 27,000 level is super key here right now. We are watching this very closely as we bring it down to a daily chart. You can see for the last two days now we were holding that DOW 27,000, the question is can we start to break back above? Notably, initially, these two distribution bars and immediate backout is one of the things we’re watching. As we bring it down to the daily charts you’ll notice a lot of stress in the system here. You’ll notice tails and accumulation and distribution tails back and forth and what that is doing is leading the market back on an intraday basis. That is an ugly chart, let’s look at why. 

The daily chart is sideways and what we call technically damaged. The hourly, the fifteen-minute, the five minute, and the one minute here are all sideways and technically damaged. Pretty ugly charts here on an intraday basis. What this is doing is chewing up a lot of retail traders. This cycle happens all of the time. It chews up retail traders then all of a sudden what happens is the market starts to break back out but then they watch it go and they say “maybe I should get into the trade”. But they don’t because they got burned up when they got chopped up and spit out here just before the big breaks which is where we are at right now. So, then the big break comes and they don’t believe it because they lost so much money getting chopped to pieces prior to this. Then right about the time they finally say, “oh my gosh I can’t take it anymore, I should’ve have gotten in here, I’m gonna get in” and then it does actually pull back and they lose again. So, this is a vicious retail cycle they go through often. So what’s happening right now is that you can see on a daily basis what you have is, the distribution bars above and the accumulation below. Over and over again you got distribution even on the DAX, you got accumulation below. Distribution above on Russel accumulation down below. So it’s happening over and over again in all of your favorite indices. Basically, what’s happening is caught between a rock and a hard place and in many cases right near those magic speed lines and that or in them and so all of this is one big coiled spring ready to pop and then that’s when we can get real excited for some of our trades again. 

I wanted to go ahead and in the meantime, what I’m doing is focusing on very selective trades like this options trade. We put out here for our options program. So what we did is we went ahead and pushed up to target 2 a couple of times then what I was looking for was then we pushed back through target 2 again, everything else was there the backdrop fired off on the Trader Rescue package – great signals. We’re looking for a long and sure enough, it went ahead and pushed to the upside and then came out with some great news on top of it, go figure, so, that was really nice. So, we’re looking at different and very select plays in this market and focusing primarily only on options signals, you know, for the end of day perspective and then on an intraday going in and trading I’ll be right back in the trading room tomorrow morning focusing on things like “crude oil”, “gold”, the bonds and stock indices. Focusing on several different markets there on an intraday basis as well. So, very intentional options swing trades and that’s going great and then the live trading with the intraday group there as well. Very selective moves getting ready in anticipation of the big breakout. So, I just wanted to give you guys an update here, now that I’m back from Europe and let you guys know what we’re seeing here and get you caught up on other videos over the next few days. 

One final thing to keep in mind for those of you who trade futures, I was shocked to come back and find out that some new students had not rolled over from the September contracts into the December contracts in stock index futures. The quickest way to find out where you should be is to put a 5-minute chart up of the existing contract which is the September contract. Put it up again for the December contract rolling over to and if we have more volume in the 5-minute chart on the new contract than we do on the old contract it’s time to switch. It was time to switch last week, gang. There is a fractional volume here, you can see this right here you’re talking 5 times plus more volume in the new contract which means you’re hurting yourself with poor fills, slippage, etc. So, you definitely want to move over to the new contracts there, as well, okay? So, a little bit of information about intraday and the stocks and options focal point here. We’re going to be watching over the next few days with the DOW 27,000 which is what this is all about once again. So I’ll talk to you guys once again real soon. Take care, everyone, bye-bye!

Rob’s market review as we approach the breaking point

Okay, welcome back everybody, let’s go ahead and take a look at a few things you need to know. First of all, I’ve been talking about, even from last year, the DOW 27,000 area. We’re making equal highs in price or slightly higher highs in price but lower highs in indications that led to the pull-down then back to the 27,000 area pullback back to the 27,000 area, pull back, guess what, back to the 27,000 again. The 27,000 level is super key here right now. We are watching this very closely as we bring it down to a daily chart. You can see for the last two days now we were holding that DOW 27,000, the question is can we start to break back above? Notably, initially, these two distribution bars and immediate backout is one of the things we’re watching. As we bring it down to the daily charts you’ll notice a lot of stress in the system here. You’ll notice tails and accumulation and distribution tails back and forth and what that is doing is leading the market back on an intraday basis. That is an ugly chart, let’s look at why.

The daily chart is sideways and what we call technically damaged. The hourly, the fifteen-minute, the five minute, and the one minute here are all sideways and technically damaged. Pretty ugly charts here on an intraday basis. What this is doing is chewing up a lot of retail traders. This cycle happens all of the time. It chews up retail traders then all of a sudden what happens is the market starts to break back out but then they watch it go and they say “maybe I should get into the trade”. But they don’t because they got burned up when they got chopped up and spit out here just before the big breaks which is where we are at right now. So, then the big break comes and they don’t believe it because they lost so much money getting chopped to pieces prior to this. Then right about the time they finally say, “oh my gosh, I can’t take it anymore, I should’ve have gotten in here, I’m gonna get in” and then it does actually pull back and they lose again. So, this is a vicious retail cycle they go through often. So what’s happening right now is that you can see on a daily basis what you have is, the distribution bars above and the accumulation below. Over and over again you got distribution even on the DAX, you got accumulation below. The distribution above on Russel accumulation down below. So it’s happening over and over again in all of your favorite indices. Basically, what’s happening is caught between a rock and a hard place and in many cases right near those magic speed lines and that or in them and so all of this is one big coiled spring ready to pop and then that’s when we can get real excited for some of our trades again.

I wanted to go ahead and in the meantime, what I’m doing is focusing on very selective trades like this options trade. We put out here for our options program. So what we did is we went ahead and pushed up to target 2 a couple of times then what I was looking for was then we pushed back through target 2 again, everything else was there the backdrop fired off on the Trader Rescue package – great signals. We’re looking for a long and sure enough, it went ahead and pushed to the upside and then came out with some great news on top of it, go figure, so, that was really nice. So, we’re looking at different and very select plays in this market and focusing primarily only on options signals, you know, for the end of day perspective and then on an intraday going in and trading I’ll be right back in the trading room tomorrow morning focusing on things like “crude oil”, “gold”, the bonds and stock indices. Focusing on several different markets there on an intraday basis as well. So, very intentional options swing trades and that’s going great and then the live trading with the intraday group there as well. Very selective moves getting ready in anticipation of the big breakout. So, I just wanted to give you guys an update here, now that I’m back from Europe and let you guys know what we’re seeing here and get you caught up on other videos over the next few days.

One final thing to keep in mind for those of you who trade futures, I was shocked to come back and find out that some new students had not rolled over from the September contracts into the December contracts in stock index futures. The quickest way to find out where you should be is to put a 5-minute chart up of the existing contract which is the September contract. Put it up again for the December contract rolling over to and if we have more volume in the 5-minute chart on the new contract than we do on the old contract it’s time to switch. It was time to switch last week, gang. There is a fractional volume here, you can see this right here you’re talking 5 times plus more volume in the new contract which means you’re hurting yourself with poor fills, slippage, etc. So, you definitely want to move over to the new contracts there, as well, okay? So, a little bit of information about intraday and the stocks and options focal point here. We’re going to be watching over the next few days with the DOW 27,000 which is what this is all about once again. So I’ll talk to you guys once again real soon. Take care, everyone, bye-bye!

Rob’s Market Review on levels, options and AAPL

Okay, welcome back, everybody! As we go ahead and kick off into the weekend just a reminder on a few things you know we are still chasing after that elusive DOW 27,000 area so watching that, you know, with bated breath here constantly seeing if we can finally make that a key support level. That’s something you’ve heard me talk a great deal about the last several months but it’s proven absolutely true and valuable throughout that time so let’s go ahead and talk about where we’re at. Well, the options trades that we went ahead and had indicated here earlier this week went ahead and worked phenomenally in the market spiked up we decided to play very instead of very aggressively we played very conservatively and we were awarded handsomely for doing so. So, with that being said what we’re looking at here is the market as a whole – here’s what I want you to watch. There is the Russell and then there’s everything else. So, the Russell is still sitting here now with multiple layers of distribution in this band and it’s right around the 1506 area to the 1523. I really, really, really, want to see us clear that band, you know, before getting too overexcited here. Especially with the way we close with like with the NASDAQ here at distribution and everything here it would be nice to see us actually either Monday come in to start spiking and spiking and spiking and spiking to the upside. In which case, I’d look for immediate longs, however, if we go ahead and have a little bit of a pullback as long as that pullback stays above the top-end of these channels I’m okay with that.

The thing is we need to stay above the top end of those channels and then we need to start to take back off again those are the things I need to see to remain more focused on the bullish side so you can see as good as this looks this is very reminiscent of where we were a while back ago when I said watch out you know be careful here we were making higher highs and price lower highs and indicators and then we roll back down violently here sucking wind effectively for the last month so we’ve been playing basically options focused ideas you know it more more so conservative versus aggressive ones and and that’s been the right call from my perspective. But, I’d like to get aggressive on some other plays but I really want to wait until we get ourselves out of the woods on the Russell and I said show that we are now at support at these other major indices that’s around the 26,500 area on the Dow I want a hold above the 7765 level on the NASDAQ the 2947 area on the S&P; and again the area I really want to get through is that 1523 1523 on the Russell here as well, okay? that’s going to make me feel a lot better on those areas. Also, as it relates to Apple with Apple here because I’m getting a lot of questions about this one and right now with the distribution and the immediate backdrop here multiple layers of it so you got that distribution right there then you have this distribution right here. So as you can see, there’s a lot going on here with the distribution and that’s on a daily basis and then we bring it over to a weekly basis and you can see layers of the distribution there as well.

So, I’ve got some work to do I’m gonna be very cautious very judicious in this area especially when the NASDAQ hasn’t completely broken out yet as I was showing you. If the NASDAQ starts to break out I’m gonna look a little bit more aggressively at Apple but not as much you below the 220 area. So, there would be more to talk about there but first let’s see what happens with the NASDAQ where people get themselves in trouble as they put on big positions before the moves show themselves hoping it catch the big move then they get burned a lot, so, the right play is let the market show its hand and then work with the markets accordingly it’s that’s usually the best the markets always right only our opinions of the market are wrong. So, with that being said we got a lot going on here now between these daily charts the things is you to keep an eye on and then of course the big kahuna the weekly with the Russell here the the DOW that we’ve been focusing on here for the last several months, basically half a year, now. So, you guys have a great night I’ll look forward to seeing you in upcoming events and upcoming videos here. I’ll be speaking and traveling in Europe next week for different events and so I will look forward to seeing you a lot more after that but I’ll hopefully get a video out while we’re there as well, so, take care everyone and let’s keep enjoying these phenomenal markets that they keep hitting us right now, all right? Bye-bye!

Market pushed through Rob’s levels… what’s next?

Welcome back! We’re going to keep this nice and short and sweet for you this evening but it’s important nonetheless. Basically, what’s happened here is we’re waiting for some things to move. At the beginning of the week with our options alert service, we put on a really smart options trade. People are quite happy about that right now. Here’s what we’re looking for next now that everything is pushing a bit. I want to see the Russell get back above that channel and make that support. The S&P pushed up through the channel, the Nasdaq pushed through the channel and the Dow pushed through the channel. I want to hold a little bit and show that’s support and take back off again. Look what’s happening in the bigger picture. We’re coming up on those levels. Remember, 26,500 and 27,000 are the key levels. We’re right smack in the middle of that now. Let’s see if we can ultimately make 27,000 a key support level finally from the resistance. That could bode very well for much higher moves. What a difference the week makes. The market is going to heck in a handbasket and recession. Isn’t it funny how it held the major support levels? That’s why I said very selective trades and options only trades. Not underlying equities trades. I said swing trades and options are the way to go. That’s why I put out the alert I put out. The most recent options pick we put on just teared to the upside the last few days.

We’re not out of the woods yet. We did not pull back and take back off. In fact, we tried to pull back, push up and rolled over to make a sell signal with the distribution bar. So, when it tried to take back off, it couldn’t break through the highs and made a distribution bar and that’s why down the hatch it went for a few weeks. Right now, this is great. Our bullish options trades are working great. What we need to do is make these key resistance levels on the channels (2945, 1523, 26500, 7761). In the meantime, we’re going to continue to do the great things that we’re doing. Have a great night!

The stock markets spring is about to pop. Watch AMZN for clues!

Well, welcome back everybody let’s go ahead and take a look at what you need to know this weekend. For preparations into the post-holiday trading fun. We’re getting closer and closer to even more fun and excitement in this year as we go into the the last several months of the year it’s gonna be even as good if not better trading than it has been up till now great time to be a trader I told you guys that before summer people were like you’re crazy we’re gonna go off on the summer not gonna do anything its going to be boring in the summer and it’s been anything but boring and I’m telling you this these last several months of the year here are gonna be equally exciting so can’t wait for this last four months to come to fruition. So, as we start off here just a reminder you know we always had people come in at different times and so we have this massive long term resistance here this 27,000 level 26,500 block we’ve got stalled out at that here earlier today and remember, what we really need to do in the big picture is we need to get back above that 27,000 pull back finally make it actual support then we could actually be off to much higher prices but until that happens, you know, that 26,500 level which is where we stalled out today through 27,000 is a real major resistance level. I got to continue to remind you of that because that, well, it’s as you seen time and time again late last year when I warned you guys about the divergences we saw that led to the big sell-off here, then we went ahead and had another divergence over here and that led to another pullback here.

So, it’s real important to go ahead and know when those are coming and where to look for them. So, armed with that picture, let’s go ahead and drill it down now to the daily charts. So, from a daily perspective I told you that these resistance levels were going to be very very important these channel resistance notice the DAX here, the German market, went ahead and hit the top end of the channel pulled away. The NASDAQ hit the top end of the channel pulled away the DOW hit the top end of the channel pulled away the Russell was so weak it couldn’t even hit the midpoint of the channel and closed down below the bottom end of the channel and then the S&P; hit the top end of the channel pulled away I told you I was good really important it’s gonna be even more important going into next week here. because what happened was all of these bars locked in what we call a distribution bar so each of those bars was 45 percent or more off their highs so this is a distribution area we’ve had distribution areas in the past that’s led to sell offs so what we’re looking for right now is what we don’t want to have happen going into Monday is we don’t want to turn around and start breaking back down below the lows of these bars. I’m gonna take a very aggressive stance to the downside if that goes ahead and happens initially the ideal scenario would be to break above these distribution bars and you know the especially if you’re looking for loss. Now, of course, for those you don’t like to walk the stairs up and ride the elevator down then breaking down below and getting down below the speed lines in particular would be what’s your fancy for and looking for you know then bigger swoops to the outside.

So, we’re gonna be watching that area very closely again in the big picture of the noose is tightening on these markets with the falling resistance levels but the rising support underneath here and it’s just getting more and more convoluted especially everything is up for the Russell. The Russell’s is so weak it hasn’t even been able to do that yet. So, that’s why I said that from my perspective would be looking at the Russell today. Now, with that being said so basically on an intraday basis best trades were earlier in the market no surprise usually the first couple hours of the European session they’re from 2o o’clock Central time to 4 o’clock central or 3 o’clock to 5 o’clock are some of the best and, boy, do we have picture-perfect buy-side signals they’re led this thing right up then of course that doldrums period they’re pre US market, you know, market more choppy and then we got into the U.S. session and then what was done in the year you know the European session was up you know undone early on in the U.S.. session we had picture-perfect signals right to the downside had throttling to the upside with my ITP indicators every single thing blue-blue throttling then green green which means numerous of my strategies are all coming together within the market toward the upside. Then, we had throttling into the downside with the red red the double Reds and we had the double red dots here which means numerous of my indicators were coming together saying sell and down the hatch it went. Couldn’t have been a bit more picture-perfect today and in the same time the first couple hours of the US market were the best. First couple hours of European market were best then he had the doldrums and chopped. So, really great stuff on intraday basis, so, if you’re if you’re looking at your charts go back and compare those to mine because you want to be super informed like with my ITP indicators here. Now, as we go ahead and then book equities one of the biggest things, I’m watching right now especially with what I shared with you with the NASDAQ here let’s not forget the NASDAQ, that fallen resistance- rise in support and then a whole bunch of gobbledygook support in the resistance almost in the middle of that I’m really watching Amazon here. So, Amazon on a daily basis is basically coiling up here.

You got one term support underneath us that we’ve been holding nearly religiously but we have massive fallen resistance and so you see we’re just getting ping ponged back and forth here and it’s tightening the noose is tightening on this thing. So, we’re gonna be watching here because we have accumulation bars right down below here and so we’re looking to see where we can break out, break down. Right now, we’re just above that zero line is well on a weekly basis so this is a big deal if you’re long this is you know this is the line that we want to hold, you know, right here we want to hold above the zero here because we cross above the zero that’s where more bullish could happen when we’re down below it that’s where more bearishness can happen. So, we’ve got a real apex kind of forming in here from this kill zone and we’re looking for the breakout, breakdown it’s very unlikely that Amazon is gonna start breaking up sharply and then the NASDAQ is gonna go down sharply so we’re kind of looking for a unison picture between those two things and if it breaks down below then we’re much more likely on the NASDAQ to see us break down below those areas identified for you as well so we’re we watching Amazon very closely going in next week, of course, you saw an intraday basis there’s phenomenal opportunities there as well and you guys just have a phenomenal and safe holiday weekend here in the United States and everybody all over the world no matter where you are. Have a great weekend and we’ll look forward to seeing you and upcoming events here next week. Take care everyone, have a great weekend, Bye bye.

Swing Trades, Swing Trades, And More Swing Trades!

Okay, welcome back in what an exciting day if you weren’t with us this morning you missed it and you missed it big! One of the biggest events we ever went ahead and did unbelievable feedback some of the best ever, absolutely off the charts incredible! So, we’ll talk more about that in a moment as we go ahead, and we take a look here now today a couple things to focus on. First of all don’t forget that on a weekly basis we are still caught right now and we have been now all week long this is why I’ve been pointing this out. we’re caught through that key resistance level above us, the key support down below us and that’s super important for all of our trades. Day trades, wing trades etc. So, and then we break this down into a daily basis on different stock indices you can see why we’ve got falling resistance on so many of these stock indices but at the same time you got rise in support coming up underneath.

This is a kill zone of the umph degree what does this mean in English? It means we’re getting ready for another big move and I’m excited because that’s where the biggest opportunities come. Speaking of opportunities here, so we go ahead and you know back off if you recall earlier this year I’ve always told you guys go to wealth365.com we have a full time financial news site there and we have a lot of original content as well and we had an article written on Microsoft, sorry, McDonald’s a while back ago here and at that time we talked about how the stock was at 194 we talked about analyst expectations we talked about menu changes and how they were trying to revitalize themselves we talked about the technical reasons you know that with the positive divergence and that you know this was looking good well you know and then we take a look at this from an intraday and from weekly in a daily perspective and obviously my institutional indicators were going gangbusters! We had throttling all the different things that you know, like, and love about my indicators and then of course during that special swing trading class today I was showing how to put all that together that you know things like those great articles things like those your great indications mind and then I taught you the free strategy you guys could take away with you today to go ahead and add into you know that whole process here so everybody had takeaways from this incredible event that we had today and it’s so I said, there are great stock picking options right now in my opinion they just have to be done with options and so we laid it out for you very clearly today why and how it all has to be done with options right now and it was just phenomenal and absolutely incredible event if for any reason you had to miss it, oh my gosh, do not miss this Saturday we’re gonna do an encore live presentation we’re gonna come back live answer more questions we were there for hours today going ahead and answering different questions for people it was just an unbelievable event like I said super incredible feedback so if you had to miss it go to www.becomeabettertrader.com/swing right now become a get signed up join us this Saturday morning at 7 a.m. Pacific 9 a.m. central 10 o’clock Eastern.

We are going to do a live encore event, not a recording, it’s a live encore event so that you guys could come back bring your super awesome questions see what the big buzz is about see why this is so exciting. You guys been asking about my swing trades for years and now you’re getting full double dose you know it was worth the wait and people saw it and what a phenomenal event and gave some great free information for people to take away tied it in with all these incredible moves that are happening with the market, things I’ve taught you, added new things in and bringing it all together really nicely for you. So go to www.becomeabettertrader.com/swing right now to get signed up for Saturday morning 10 o’clock Eastern 9 o’clock central and 7 o’clock Pacific you cannot afford to miss this incredible event, alright? I’ll look forward to seeing you there and happy trading we’re still in those levels I told you on the weekly charts we caught the kills on the daily charts everything I’ve been telling you is absolutely true we wrote articles on stocks like McDonald’s and then look what happened to McDonald’s and that so many great things happening right now I can’t wait to see a Saturday morning. www.becomeabettertrader.com/swing have a great night gang, we’ll see you there. Bye-bye!

[Big moves ahead] Profitable whipsaws today in advance of the next explosion

Well, welcome back everybody I wanted to go ahead and try to simplify this as much as possible for tonight so let me just do that. So, first things first from last week’s close as long as we stay above last week’s close which was right here around the 25,900 level the Dow they are futures As long as you stay at about there I’m really primarily focusing on long side trades mildly. I’ll be much more excited about long side trades once we break above this 26,400- 26,400-26,050 area even more excited above 26,500 26,500 the reason is we got these double accumulation bars back-to-back here and I’d like to see if that’s gonna signal a trend change back into the direction trying to make another attempt at that Dow 27,000 area right now there’s a lot of negativity in the new cycle on that but that’s usually where the best rallies come from so there is certainly plenty to be concerned about out there with Germany potentially on the cusp of recession and so on and so forth so as legitimate things to be on the lookout for and so that’s why we’re also gonna be watching the downside so these levels I just gave you a moment ago are the first things to go ahead and watch. You know be more bearish below there and more bullish above here, okay?

From a weekly chart perspective now on a daily basis there could break that down a little bit more if you take a look at where these these magenta lines are on each of these charts as long as were above those you know I’m much more bullish as well right now the problem is we’re struggling and we did that really heavily today all of the different charts S&P; the Russell the Dow the Nasdaq they’re all inside of these channels or at or inside of the channels are trying to break into the channels or they’re in the channels and struggling and that’s why we’re seeing such the challenge today if you notice every time that market tried to go back up it got slapped back down but if it went down it tried to go back up because overall we were bullish because we’re above those speed lines we had those two big accumulation bars from last week so that sent us into a rally into this morning so the thing is how do you trade something like this, okay? This is really important and so as I’ve been going and putting out there so many trade ideas to our group internally, I was reminded that we have a really big class that we committed to doing for you guys and we’re going to do it here this Thursday where we’re gonna be teaching taking trades because the timing for this is perfect taking trades and using my technical analysis and strategies and combining them with you know superior options trades how to go ahead and do that that’s what we’re going to be focusing on here this Thursday morning. At 12:00 Eastern 11:00 central so if you go to www.becomeabettertrader.com/swing so this is this class is for swing traders, okay?

If you do any sort of swing trading if you hold for a couple of days six to eight weeks plus if you’re going ahead and doing swing trading this class is for you. Even though the same tools and strategies can be used on an intraday basis this is really this whole class is gonna be geared towards swing traders so calling all swing traders come join me here this Thursday at noon eastern 11:00 central you’re not going to want to miss this this is the big class that we promised you at the well 365 Summit and that people have been asking me about frankly for years going ahead and doing this for you on the swing trade basis using my award-winning strategies and then combine it with superior and intensive and incredible option strategies so we’re gonna go ahead and be doing that for you this Thursday noon eastern 11:00 central go to www.becomeabettertrader.com/swing and do that right now so that we can see this Thursday and we’ll follow up because as you can see right now there’s these key levels hold above there’s these key levels to break out above for further laws I’ve already like in my BBT intensive was talking again about a trade that I’d mentioned throughout the year here that went ahead and just performed phenomenally so we we’re talking about that again this morning in my be my three-day BBT intensive class and so you get access some of those secrets and those tips and those tricks that you need to know this Thursday morning you guys have a wonderful night and let’s keep the good things going here with our trading don’t forget those key levels that was mentioned a few minutes ago we’ll see you here in tomorrow night’s video and a Thursday morning special event take care everyone. Bye bye.

[Market update] Rob’s important market levels everyone needs to watch right now

Well, welcome back everybody I wanted to go ahead and try to simplify this as much as possible for tonight so let me just do that. So, first things first from last week’s close as long as we stay above last week’s close which was right here around the 25,900 level the Dow they are futures if it’s all I’m say about there I’m really primarily focusing on long side trades mildly I’l be much more excited about long sid trades once we break above this 26,400 and 50 are even more excited above 26,500 the reason is we got these double accumulation bars back-to-back here and I’d like to see if that’s gonna signal a trend change back into the direction trying to make another attempt at that Dow 27,000 area right now there’s a lot of negativity in the new cycle on that but that’s usually where the best rallies come from so there is certainly plenty to be concerned about out there with Germany potentially on the cusp of recession and so on and so forth so as legitimate things to be on the lookout for and so that’s why we’re also gonna be watching the the downside so the these levels I just gave you a moment ago are the first things to go ahead and watch you know be more bearish below there and more bullish above here okay from a weekly chart perspective now the on a daily basis there could break that down a little bit more.
If you take a look at where these magenta lines are on each of these charts as long as were above those you know I’m much you know more bullish as well right now the problem is we’re struggling and we did that really heavily today all of the different charts yes and S&P, the Russell, the Dow the Nasdaq they’re all inside of these channels at or inside of the channels are trying to break into the channels or they’re in the channels and struggling and that’s why we’re we’re seeing such the challenge today if you notice every time that market tried to go back up it got slapped back down but if it went down it tried to go back up because overall we were bullish because we’re above those speed lines we had those two big accumulation bars from last week so that sent us into a rally into this morning so the thing is, how do you trade something like this, okay?

This is really important and so as I’ve been going and putting out there so many trade ideas to our group internally we you know I was reminded that we have a really big class that we committed to doing for you guys and we’re going to do it here this Thursday where we’re gonna be teaching taking trades because the timing for this is perfect taking trades and using my technical analysis and strategies and combining them with, you know, superior options trades how to go ahead and do that that’s what we’re going to be focusing on here this Thursday at 12:00 Eastern 11:00 central so if you go to BecomeABetterTrader.com/swing So this is this this class is for swing traders, okay? If you do any sort of swing trading if you hold for a couple of days six to eight weeks plus if you’re going ahead and doing swing trading this class is for you. It’s not an intraday, even though the same tools and strategies can be used on an intraday basis this is really this whole class is gonna be geared towards swing traders so calling all swing traders come join me here this Thursday at noon eastern 11:00 central you’re not going to want to miss this.
This is the big class that we promised you at the Wealth 365 Summit and that people have been asking me about frankly for years going ahead and doing this for you on the swing trade basis using my award-winning strategies and then combine it with superior and intensive and incredible option strategies. So, we’re gonna go ahead and be doing that for you this Thursday noon eastern 11:00 central go to BecomeABetterTrader.com/swing and do that right now so that we can see this Thursday and we’ll follow-up because as you can see right now there’s these key levels You want to hold above there’s these key levels to break out above for further longs I’ve already like in my BBT intensive was talking again about a trade that I’d mentioned throughout the year here that went ahead and just performed phenomenally so we’re talking about that again this morning in my be my three-day BBT intensive class and so you know get access some of those secrets and those tips and those tricks that you need to know this Thursday morning. You guys have a wonderful night and let’s keep the good things going here with our trading don’t forget those key levels that it’s mentioned a few minutes ago. We’ll see here this in tomorrow night’s videos and a Thursday morning special event take care everyone! Bye bye.

To learn more about Rob Hoffman trader go to www.becomeabettertrader.com