The SPY ETF is right at the magic 300 level Rob has been watching

Okay, welcome back, everybody! Let’s go ahead and take a look at key things we need to understand about this market. So, we have paid secretly worked our way back up right up to that magic 300 dollar level that I’ve been talking about on the SPY the 300 level to the upside and the 270 level to the downside. That’s what we’ve been focusing on here. So again, 300 level down to the 270 and so here we are we’re playing and flirting with that 300 dollar level again ever so closely. So, a couple of big risks that I see on the horizon – it’s not necessarily coronavirus is not my first and foremost thing. I’m really watching the U.S. – China trade tensions. That’s the kind of thing that could very quickly sink the ship the war of words has been ratcheting up so I want to be very careful here especially since we’re at a key resistance level. What a great time to actually start pushing down from such a key area. But at the same time, I’m watching this 300 level very closely because if we can make this and we push through this make it support we have a lot of room to grow back up here from 300 back to those previous highs. Again, kinda defies logic with the China trade tensions, unemployment numbers being high, so on and so forth. But that being said, markets tend to climb walls of worry.
So, we’ll be keeping a close eye on this. The real question is, can we make 300 actually support today? The answer is, it basically currently closed just slightly below that area it’s basically at 300. So, we’re gonna be watching it ever so closely now because there’s a lot of room again to the upside. Although, I am going to be watching this geopolitical risk. This possible cold war brewing that we’re hearing so much about in the news right now. So, with that being said, the other thing is that there are buy-side and sell-side opportunities. The S&P Futures had (overnight) some buy-side opportunities but then late in the day as we’re hitting those key resistance levels on the S&Ps and the sell signals like my ITP fired off sell signals here and this caused us to break down below target two on my TRP indicators and would break down below target two – that’s where the runaways often come from and that tied in very nicely because, at the same time, we had throttling. So, we had throttling which pullback we know after a pullback we look for a continuation and if the continuation goes ahead and throttles again, then after the next pullback we’re looking for a lower low. You’ll notice though that the final low in price did not make a lower low in the indicators. That’s where we start to push back and then the TRP actually fired off a buy signal into the falling resistance there where we expect to encounter resistance. All of all, a very nice situation where the markets brewing that 300 level that I’ve been telling you about that’s so important to the S&P is absolutely showing itself here in plain sight. So, we’re gonna be watching that very closely. This is the level, this is that big critical level I’ve been telling you about now that needs to become a support. If it doesn’t, then this market can roll right back down into these areas. So, it’s gonna be all about 300 tomorrow on the SPY here and also I said keep your eye out on that geopolitical news because you’ll see a lot more things like this if that heats up too much. You’ll get those ITP sells where there may be some beautiful market sell-side opportunities can show themselves and when we start breaking out of the normal norm-breaking through target two is that’s where we get those runaways. You’ll see more of that if we go ahead and see those tensions ratchet up even more.
So, the key level to watch the S&P so the SPY 300-level is gonna be what it’s gonna be all about going into tomorrow and then we’ll have a lot more to talk about individual stocks and other markets as those levels start to identify themselves and show that is solid support, okay? You guys have a great night! We look forward to seeing the upcoming videos. Have a wonderful evening. Take care, everyone, bye-bye!

Watch tonight’s “where and why Rob traded” video and then join him live Saturday!

Watch tonight’s “where Rob traded” video and then join him live tomorrow!

Watch Rob’s “putting it all together video” then join him live on Tuesday

Okay, welcome back, gang! What an exciting end to an exciting week here this was a lot of fun and hopefully you went ahead and we’re really focused on the things that we had mentioned to you really from the last couple weeks, of course, really for the last three or four weeks I’ve been mentioning this key falling resistance and rising support. I sound like a broken record but boy it keeps on working, doesn’t it? So, hey, it puts money in your pocket you know broken records a-okay. Listen to the classics, right? So, what happened here going into today, we were focused from yesterday at the key resistance we closed right back at that key resistance again today. With the weekly here at the center point of the weekly chart just could not go ahead and break and we closed. But at the same time we held precisely to the rising speed line support on the SPY. So, where we are once again confirming these levels remember in the bigger picture I want to get down below 270 or above 300 everything in between we’ve got key support, falling resistance there on the daily charts. The weekly charts got key resistance, rising support so a couple of key areas we really want to breakdown. In the meantime, as I said it’s really a stock pickers market and if you take a look one of the ways that we’re finding (this is the official release now with WealthCharts) where you can see that we have you know these different markets highlighted and what’s really nice is when you can find these different stocks the top ones that are firing off at any given time and you can kind of look for them in the the different sections here and what’s nice is for instance, Netflix. So, we see like Netflix here was daily weekly and monthly. So, it’s really great is when you can find something that’s on the monthly that’s on the weekly that makes it really nice to go back and take a look at the daily opportunities in this kind of market in particular. So, for instance you see the monthlies have been firing off on Netflix there for more than five months, right?
So, it’s been going off for quite some time here the same thing here for five of more than five weekly bars as well, and then now you have the daily bar. So, what’s really nice about this is you find those conditions that are there and by the way, some of the strategies I’ve taught you repeatedly have come into play here. Inventory retracement bars. Reverse inventory retracement bars and countless others we’ll talk more about that in a few minutes. The key is to find those market structures in the backdrop and then look for re-entry opportunities on the short-term timeframe. So, this is what I keep saying it’s the stock pickers market right now. So when you have that tight consolidation where the SPY is weekly charts are in the kill zone, daily charts are the kill zone, then really what you’re doing is you’re looking for individual plays that have statistical massive probabilities and when your algorithmic and AI type programs are firing off the key opportunities that’s what you want to focus on and that really close up the week strong with Netflix after having the monthlies and the weekly is firing off for so long, okay? So, that’s a key thing and by the way as we’re taking a look here, earlier today you know kind of putting that all pen to paper a little bit tying it all and together for you so a few minutes say so at around 12 o’clock Central Time today I went in and to announce that WealthCharts went ahead and actually came up with the new coloring system here so you can see at that time this was this picture was actually taken at 12:08 here and we’ve been talking about showing it since over here but you can still see it you’ll notice that the one minute, the 15 minute, the 30 minute, the hourly, the two-hour, the 4-hour charts on crude oil we’re all firing off really nicely. So, remember what you want to do in a situation like that. Then you want to start looking for opportunities, right? So, reverse inventory retracement bar – start looking to see if you can break above those reverse inventory retracements bars – start looking for things like the ITP buys or sells. So, let’s go ahead and just bring that on over and put the current charts over for you on that so here’s where we were. So, look at what happened, the reverse IRB – nope. We didn’t break above it yet, okay? But then over here we started to fire off when they started firing off ITP buy signals right and so now you’ve got the signals all firing off at that time and that’s that was back over here and these are now based on the end of the day here. But at that time these were all firing off and you had ITP signals. So, now you have the culmination of my life’s work firing off here and look what happened- it went from 2930 up to 2980 on this chart here this is the crude oil equivalent and so it went up 50 tics that’s about 500 US dollars a contract. So, the crude oil itself on the main actual futures contract based on this just went flying and a lot of these strategies I teach you all kind of came together. I mean, you had stochastics, you had the throttling and firing off here, and then when it made a higher high it had more throttling, and then it had even more throttling over here and what did this lead to after pullbacks? To the next higher high. After pullbacks to the next higher high, after pullbacks to the next higher high and it just continued on. A perfect use of all of the Rob Hoffman strategies coming together but it was all proceeded back over here in this area with WealthFinder. This is where they were all firing off back over here well you can see them because the 4-hour bars were firing off for, you know, days! So, you had that all that coming together and then all of a sudden you locked in the ITP signals and then off to the races it went. A perfect marrying of all my work coming together. So, the good news is bringing this all together in summary, the weekly charts and the daily charts in the SPY are all consolidating tightly.
So, it’s an individual stock pickers market. Hence, how we use like WealthFinder and ITP to find individual super opportunities on the shorter time frames and then you can also use even closer time frames instead of daily and weekly for Options trading, you can then go into the intraday and find really powerful moves on your favorite instruments that you can now set up because part of the new upgrade that was done today for WealthCharts now everybody has access in the main app to set up your own watchlist and run them through the super, super powerful WealthFinder app and then what you do is take your ITP indicators and wait till you get the best signals and that’s what I’m doing. You saw some of the trading that I’ve done if you’re watching the videos this week. So, really great stuff! To learn more about all of these different things and a culmination of my life’s work come to the special event here. By the time you’re watching this now will be a Sunday morning, so, Tuesday evening I’m doing this special event 7 p.m. Eastern, 6 o’clock Central, 4 o’clock Pacific. This is a very special event. We do this very rarely. It’s gonna be about a three hour plus event so make sure you budget enough time. As always, it’s not gonna go ahead and be recording I do these kind of events I’m looking for the people who are the most serious that really want to be involved with these markets right now, you always find the time when it’s important to you, and if trading and investing is important to you in this current market environment you’ll be there. So, go to becomeabettertrader.com/go.
You really can’t afford to miss this because I’m gonna be spending hours going through laying out these different strategies in a very meticulous way and this is to be a very, very, very, special event for the most serious traders out there. So, again, becomeabettertrader.com/go I will look forward to seeing you at this very, very special event next Tuesday evening and perhaps Monday evening in a video there as well and of course in the live trading room. So, you guys have a great rest of your weekend here celebrate our successes if you’re not where you want to then make sure you join me Tuesday night and if you are where you want to be here and you want to go to the next level, join us as well and we’re really looking forward to having you guys as part of that event. So, enjoy the rest of your weekend, gang! I will see you Tuesday night and see you in the room this way in the next couple days. Bye-bye everybody!

Here’s Rob’s trading strategy from today and you need to know it

Ok, gang welcome back! Well, a lot of excitement here today. So, to kind of summarize there was a lot of negativity going into this morning and I just want to remind people because that’s something we talk about often. When there’s too much negativity in the market I get really leery because there was a couple days of selling Tuesday we were looking for very key areas and you recall in the video I did for you there I was looking for that midpoint of the hourly to break and the bottom end of the speed lines to break and that’s what happened so it led to really nice selling into the afternoon. That selling followed through yesterday, however, we went ahead and we still were in a situation where net we had a lot of — by the way while we’re here, let me just show you something. So, WealthFinder fired off a lot of signals here in this afternoon, even right up into the close but also earlier today led some really great opportunities here early then we’re confirmed by the ITP which then made them really valuable and so that led to some really great trading opportunities, so I grossed about $2,500. I’m gonna show those strategies to you here in a couple of days now. If you go to www.becomeabettertrader.com/go you can actually sign up for a special class that I’m gonna do next Tuesday evening at 7 o’clock Eastern 6 o’clock CST 4 o’clock Pacific time. So, go ahead and get yourself signed up for that but enough about that for now. What’s is important for the moment is that this goes back to the bigger picture of what I’ve been sharing with you and what we’ve been talking about is this. If you go ahead and remember where we’ve been and what we’ve said for weeks now we’re caught between this massive rising support and massive falling resistance and so on a weekly basis we’ve got the shooting gallery back and forth and on the daily basis, we got the shooting gallery back and forth. So, we’re caught between this rising support and so what one thing you want to watch out for is when you’re breaking down through key supports or breaking out through key resistance if you get negative divergences on the upside or positive divergences on the downside, watch out for reversals. So, that led to some really great opportunities and coming into today when wealth finder was firing off those long side trading opportunities that I showed you a little bit ago and that really opens up the door as we’re holding on for dear life especially when there was all that negativity because what happens is we’re creatures of fear and greed and so the market goes ahead and people hear why the market should go down they get validated by seeing the market go down so they jump in short and then magically they get caught in a reversal, you know? It’s almost like that news is put out there to get people to think differently and then they really should in my opinion that’s why the indicators take out the emotion of the whole thing and so that’s kind of why I trade with technical analysis, right?

So, with that being said going into tomorrow we’ve got a lot of resistance right we’re at on the SPY and soon we’re gonna watch those key levels very closely. We’re holding on for dear life and actually on the weekly chart so far we’re kind of in an accumulation but that’s not locked in because remember the week doesn’t end till tomorrow. So, but as it stands right now, we certainly have a lot of support in this market down here and so, until you get down below today’s lows, I’m not super excited about shorts. I will look for selective shorts here in the SPY and in particularly the S&P Futures is like who I’ll be trading admittedly but a lot of people will take options trades on this and that but so down below 282 into the 278-279 area we’ll be looking for some initial movement and then we get down below that 278 area I’ll be looking to see if we can push and really breakthrough that low here. So, in a bigger picture perspective, this is still that Killzone I’ve been warning you guys about and that’s why I said betting the farm, betting the house, and please don’t ever do that by the way, but that whole analogy of betting big I’m not really looking at doing until we get above those key areas I’ve told you which is the 300 or the 270. In the meantime, there’s some really phenomenal back and forth opportunities here especially if you do exactly what I did. Now the market just closed up here it’s 3 o’clock 3:15 that’s 3:17 so the market closed up two minutes ago so Futures have now closed up but now I’m flat you can see I gross about 2500 plus dollars I’m flat I can go home and sleep like a baby. So, there are these really great opportunities on an intraday basis there and yet we know where the bigger opportunities from the swing trade basis are gonna come or we can focus on some very short-term directional options plays like in the SPY like we were kind of talking about there as well. So, there are great ways whether your individual equity trader, options trader, or a futures trader to go ahead and take advantage and, of course, don’t forget what that being said you know for those you like if you trade the equities you can always focus on like selecting in WealthFinder there the markets you like to trade and look for opportunities or you can create your own custom list of things and then look to see if the SPY fires off or whatever the case may be for potential opportunities there and you do that on a daily, weekly, monthly or even intraday basis which can help some of our short term options traders so a lot of stuff there but in the big picture it’s great having those signals firing off and then get them validated and you know by a culmination of my life’s work with like the IT.

So, what we’re gonna do is, I want you guys to kind of see this and I want to talk through this I want to show you a lot more examples because you need to be prepared. There’s gonna be incredible opportunities. This summer is just beginning, right? This is gonna be an exciting summer – I’ve said that the last couple summers and look what happened they were really excited and this ones gonna be even a bigger deal, right? Because of the reopening, the volatility, the election, the drama, right? Are we gonna go are we just gonna bury our grandchildren with debt? Are we gonna go ahead and give people handouts to stimulate the economy is it gonna be a democrat or republican that’s gonna win the White House in the United States who’s gonna take the house, who’s gonna take the Senate? All these things are gonna be percolating all throughout the summer. Like, what’s happening, are the numbers going up with Coronavirus incredible opportunity – what a time in the world to be a trader and especially this a lot of people are working from home now you know both temporarily in many cases now permanently. So, really exciting time glad you guys are going to be with us. Go ahead and go to www.becomeabettertrader.com/go I’ll see you this coming Tuesday night I’ll see of course in videos between now and then but I’ll see you Tuesday night at 7 o’clock Eastern, 6 o’clock central, 4 o’clock Pacific. You don’t want to miss that event and you want to prepare – that’s gonna be a multi-hour event that’s not like a quick you know you know 45-minute hour-long presentation. This particular one is a really for like the more serious traders. So, this one is like gonna be like a multi-hour event so bring your food, bring your dinner, bring the family, you know because you’re gonna be hanging out with me for hours during this very special event. So, I’ll look forward to seeing you there next Tuesday night for that and don’t forget the things I’m telling you about because all these different strategies are coming together just like what I teach you with throttling for instance. You know, we had throttling here a little bit earlier and the throttling led to a push and if we get throttling and that means after a pullback we get another push and if you get more throttling during that push then that means that the next there could be at least another opportunity.

So, incredible follow-through and continuation opportunities and I want to show you how you know I was focusing on this market today, myself, okay? So, with that being said again have a wonderful night and we’ll see you this coming Tuesday, in upcoming videos and we’ll see this Tuesday at www.becomeabettertrader.com/go can’t wait to do it all over again with you guys. Take care, everyone! bye-bye!

Rob did it again today using THIS trading strategy that he continues to share with you

Sorry for everyone locked out today, here’s a recap of the trades and strategies

Well, welcome back everybody! If you went ahead and saw this when you went and tried to get in this morning you and a few thousand other people did as well. So, basically, by 8:15 central time this morning So, only about 45 minutes after we opened up the room did the room lock up for the day and it was all we could do to get one of our presenters into the room into the second room there as well so because we had two rooms we had our Zoom room which holds all of our incredible, wonderful, private-client students our Active Trader Room members from around the world and then we had a guest room with a for a thousand other people and like I said within 45 minutes of opening in the pre-market hours this morning it was locked up. So, by 8:15 nobody could get in. I actually got a snapshot of it. This is what you would see if you tried to log in by the U.S. open this morning. So, for all of you that missed it, there’s a couple thousand of you that were not able to get in um but we are sorry for that but for everybody that did it was an all-day event. We went all-day and which our trading room goes every day all day but we had myself there, we had 10 times international Trading champion Davide Biocchi looking at international markets in forex and key things there showing how we use VWAP. We had Ziad Jasani and Laurie Jones and myself going and doing live trades there today Laurie did a trade and a live options trade right there on the screen in front of people. Ziad and myself focus on intraday trades alongside and short side there and it was just a phenomenal day and we just tried to answer every piece of educational question that we could. We went ahead basically made it a 99% education event. So many of you are exposed to so many different webinars and seminars and events where people are selling and that’s fine you got to get exposed to different things that are out there to see which ones are right for you but we wanted to go ahead and do what we promised from the Wealth365 summit and also with our WealthCharts members that we brought in there as well – getting answers showing them how we use WealthCharts tools showing how we went ahead and teach the people from the Wealth365 summit add on what we were teaching there and they got to see it all and that was absolutely phenomenal. So, for all of you that missed it though we’re really sorry about that. If we ever do this again because this was quite an event an all-day event with guests but it was a super crazy because we’re answering questions all day and trying to make it in there as well. So, basically, to back up for a moment, where we’re at I’ve been warning you in these very special evening videos been telling you how the noose has been tightening with the resistance coming down on top of us and the rising support underneath, I’ve been saying that since before the last summit and that’s continued to hold true.

Right up today we were watching this live, I was making commentary, trading up here getting up into the resistance areas because we went ahead and had the resistance coming up on top of us here and you can see the distribution really kicked in over in those areas today and so we went ahead and we were focusing on the resistance, you see the distribution bars there? But there are still trading opportunities. There were momentum shifts, there were inventory retracement bars, reverse inventory retracement bar breakouts, all these different types of trading opportunities on the way up the fence there we were commenting as these markets were rising getting live trading in there. Ziad took a trade right off the open, and it was just it’s really great for people to go ahead and be involved with all of this. With that being said then the market kind of topped out and so then it’s like, “Okay ding-dong! The witch is dead.” From our perspective you know at that time so then it went ahead and pushed over and sure enough, it really came crashing down at that point then the market came back up later in the session roll back over again see I was able to get another short right over there in that downtrend there in the room so if you guys missed it, you really missed a lot of great heartfelt education and trying to really make sure people understood what we were doing because we know you’re subjected to so many different things and a lot of sales-related events and everything else and so we wanted to make it just like I said 99% education. In fact, people barely even realized that we went ahead and made an opportunity at the very end for people to join the trading room but where we’re at with this is so we’re hunting those ideas – we’re bouncing off of the key support levels on the daily charts and then rallying back up to the key resistance levels and then backing off of the key resistance areas so this is kind of the game that’s getting played back and forth and then like I said watch in for failures at those key resistance levels and boy did it fail for coming right back off that leaving you, like I said, with this distribution bar on the daily chart. So, now you got distribution today as well as distribution from last Friday. So if you’re taking a stock trade that’s based on the market that’s not a good thing to do right now. It’s really an individual stock pickers market and in two previous videos, I highlighted SGEN because WealthFinder was going ahead and pointing that out. WealthFinder is a really great tool it is my go-to tool in WealthCharts it’s just unbelievable and the daily charts were firing off signals, the weekly charts been firing off for weeks and the monthlies have been firing off for several months. So, I commented a week ago Friday about SGEN, so, back right around here and then I commented last Friday about SGEN in the evening video for you guys again and basically from that video in the last two days it shot up this month and that was completely identified by going ahead and looking at this with the wealth finding tool. So, really, really incredible powerful must-know information and that’s why I highlighted it to you for you because it’s such a powerful tool. So, with that being said, as we go ahead then go into tomorrow here, we’ve got the same distribution, in fact, now it’s not even the same distribution it’s even more distribution, more resistance here coming 45% or more off the high same thing over here.

So, you got even more resistance it’s just coiling up here so this is an individual stock pickers market as we’ve been commenting or we’re going to be looking for those trades like I showed you a little bit earlier where there are select long side trades on intraday basis bouncing off the key daily support levels like I was focusing on trading and Ziad did near the US open this morning so that would have been uh right back over here. this was the US Open. So you can see here we went and took off had a bunch of buy signals that took off like a rocket so that’s over here in that area where Ziad was focusing on and then at the end of the day right back over here where we started all the sell signals and shooting the downside and then Ziad fired off a short there in between you guys got to watch Laurie put on a live options trade there as well. So, really great stuff all the way across the board. That’s what we’re going to be focusing on into tomorrow if you were one of those people like thousands of others that went ahead and got locked out of this morning, like I said this was a common sight, unfortunately, for two-thirds of the people that tried to attend this morning. And we’re sorry for that but if you go to becomeabettertrader.com/atr becomeabettertrader.com/atr you can still join our room. Towards the very end of the day there, we are making an opportunity for you guys to join us which gives you 30 days access to the live trading room it goes and gives you the all-day trading room which as you guys got to see include stocks, ETFs, futures, options, currencies, long-term portfolio. It gives you access to the weekly report the swing trades page that we update which we have like nearly two dozen uh trading ideas between longs and shorts on that and so just an incredible emphasis on these markets for only $197 a month versus $297 a month so a huge savings and a huge way to be a part of our live trading room and as people got to see today there’s a lot of value in that and that was just one day of the next months worth for each of these people that join our student family so an exciting way to go ahead and be a part of it so go to becomeabettertrader.com/atr and in the meantime for those of you that were there today that did not get this message which is thousands of you, literally thousands of you, then take all the notes you possibly can, remember everything, or, of course, for all of you joined us we’ll see you tomorrow morning but for everybody else, remember even when I’ve been sharing these nightly videos here the things I mentioned in videos last Friday look what’s happened to them since then. That was chosen with the WealthCharts WealthFinder tool. Remember the things I’ve been sharing to you so with you before the summit – the proof is in the pudding. What did I say in advance and then what happened afterward and two weeks or three weeks ago now we told you as we were coming into the falling resistance but we had rising support and then, sure enough, the week of the summit and then last week and now this week we are stuck in those levels, massive resistance levels. So, looking for the breakout-breakdown and again in the meantime, it’s a stock pickers individual market which I’m using WealthFinder to help identify those. So, again go to becomeabettertrader.com/atr we’ll see you in the live trading room tomorrow morning. What an exciting day. A great way to end the day. Thanks for being the world’s greatest students – I can’t wait to see you in the room tomorrow morning or at another special event we may be able to do for you in the future again, okay? And, of course, we’ll see in WealthCharts tomorrow morning for the first 45 minutes there as well, okay? Thanks, everybody! Have a great night. Take care, everyone. Bye-bye 5 minutes after we opened up the room did the room lock up for the day and it was all we could do to get one of our presenters into the room into the secondary room there as well so because we had two rooms we had our Zoom room which holds all of our incredible, wonderful, private-client students our Active Trader Room members from around the world and then we had a guest room with a for a thousand other people and like I said within 45 minutes of opening in the pre-market hours this morning it was locked up. So, by 8:15 nobody could get in. I actually got a snapshot of it. This is what you would see if you tried to log in by the US open this morning. So, for all of you that missed it there’s a couple thousand of you that were not able to get in um but we are sorry for that but for everybody that did it was an all-day event. We went all-day and which our trading room goes every day all day but we had myself there, we had 10 times international Trading champion Davide Biocchi looking at international markets in forex and key things there showing how we use VWAP. We had Ziad Jasani and Laurie Jones and myself going and doing live trades there today Laurie did a trade and a live options trade right there on the screen in front of people. Ziad and myself focus on intraday trades alongside and short side there and it was just a phenomenal day and we just tried to answer every piece of educational question that we could. We went ahead basically made it a 99% education event. So many of you are exposed to so many different webinars and seminars and events where people are selling and that’s fine you got to get exposed to different things that are out there to see which ones are right for you but we wanted to go ahead and do what we promised from the Wealth365 summit and also with our WealthCharts members that we brought in there as well – getting answers showing them how we use WealthCharts tools showing how we went ahead and teach the people from the Wealth365 summit add on what we were teaching there and they got to see it all and that was absolutely phenomenal. So, for all of you that missed it though we’re really sorry about that. If we ever do this again because this was quite an event an all-day event with guests but it was a super crazy because we’re answering questions all day and trying to make it in there as well. So, basically, to back up for a moment, where we’re at I’ve been warning you in these very special evening videos been telling you how the noose has been tightening with the resistance coming down on top of us and the rising support underneath, I’ve been saying that since before the last summit and that’s continued to hold true. Right up today we were watching this live, I was making commentary, trading up here getting up into the resistance areas because we went ahead and had the resistance coming up on top of us here and you can see the distribution really kicked in over in those areas today and so we went ahead and we were focusing on the resistance, you see the distribution bars there? But there’s still trading opportunities. There was momentum shifts, there was inventory retracement bars, reverse inventory retracement bar breakouts, all these different types of trading opportunities on the way up the the fence there we were commenting as these markets were rising getting live trading in there. Ziad took a trade right off the open, and it was just it’s really great for people to go ahead and be involved with all of this. With that being said then the market kind of topped out and so then it’s like, “Okay ding-dong! The witch is dead.” From our perspective you know at that time so then it went ahead and pushed over and sure enough it really came crashing down at that point then the market came back up later in the session roll back over again see I was able to get another short right over there in that downtrend there in the room so if you guys missed it, you really missed a lot of great heartfelt education and trying to really make sure people understood what we were doing because we know you’re subjected to so many different things and a lot of sales-related events and everything else and so we wanted to make it just like i said 99% education. In fact, people barely even realized that we went ahead and made an opportunity at the very end for people to join the trading room but where we’re at with this is so we’re hunting those ideas – we’re bouncing off of the key support levels on the daily charts and then rallying back up to the key resistance levels and then backing off of the key resistance areas so this is kind of the game that’s getting played back and forth and then like I said watch in for failures at those key resistance levels and boy did it fail for coming right back off that leaving you, like I said, with this distribution bar on the daily chart. So, now you got distribution today as well as distribution from last Friday. So if you’re taking a stock trade that’s based on the market that’s not a good thing to do right now. It’s really an individual stock pickers market and in two previous videos I highlighted SGEN because WealthFinder was going ahead and pointing that out. WealthFinder is a really great tool it is my go-to tool in WealthCharts it’s just unbelievable and the daily charts were firing off signals, the weekly charts been firing off for weeks and the monthlies have been firing off for several months. So, I commented a week ago Friday about SGEN, so, back right around here and then I commented last Friday about SGEN in the evening video for you guys again and basically from that video in the last two days it shot up this month and that was completely identified by going ahead and looking at this with the wealth finding tool. So, really, really incredible powerful must-know information and that’s why I highlighted it to you for you because it’s such a powerful tool. So, with that being said, as we go ahead then go into tomorrow here, we’ve got the same distribution, in fact, now it’s not even the same distribution it’s even more distribution, more resistance here coming 45% or more off the high same thing over here.

So, you got even more resistance it’s just coiling up here so this is an individual stock pickers market as we’ve been commenting or we’re going to be looking for those trades like I showed you a little bit earlier where there are select long side trades on intraday basis bouncing off the key daily support levels like I was focusing on trading and Ziad did near the US open this morning so that would have been uh right back over here. this was the US Open. So you can see where we went and took off had a bunch of buy signals that took off like a rocket so that’s over here in that area where Ziad was focusing on and then at the end of the day right back over here where we started all the sell signals and shooting the downside and then Ziad fired off a short there in between you guys got to watch Laurie put on a live options trade there as well. So, really great stuff all the way across the board. That’s what we’re going to be focusing on into tomorrow if you were one of those people like thousands of others that went ahead and got locked out of this morning, like I said this was a common sight, unfortunately, for two-thirds of the people that tried to attend this morning. And we’re sorry for that but if you go to becomeabettertrader.com/atr becomeabettertrader.com/atr you can still join our room. Towards the very end of the day there we are making an opportunity for you guys to join us which gives you 30 days access to the live trading room it goes and gives you the all-day trading room which as you guys got to see include stocks, ETFs, futures, options, currencies, long-term portfolio. It gives you access to the weekly report the swing trades page that we update which we have like nearly two dozen uh trading ideas between longs and shorts on that and so just an incredible emphasis on these markets for only $197 a month versus $297 a month so a huge savings and a huge way to be a part of our live trading room and as people got to see today there’s a lot of value in that and that was just one day of the next months worth for each of these people that join our student family so an exciting way to go ahead and be a part of it so go to becomeabettertrader.com/atr and in the meantime for those of you that were there today that did not get this message which is thousands of you, literally thousands of you, then take all the notes you possibly can, remember everything, or, of course, for all of you joined us we’ll see you tomorrow morning but for everybody else, remember even when I’ve been sharing these nightly videos here the things I mentioned in videos last Friday look what’s happened to them since then. That was chosen with the WealthCharts WealthFinder tool. Remember the things I’ve been sharing to you so with you before the summit – the proof is in the pudding. What did I say in advance and then what happened afterward and two weeks or three weeks ago now we told you as we were coming into the falling resistance but we had rising support and then, sure enough, the week of the summit and then last week and now this week we are stuck in those levels, massive resistance levels. So, looking for the breakout-breakdown and again in the meantime, it’s a stock pickers individual market which I’m using WealthFinder to help identify those. So, again go to becomeabettertrader.com/atr we’ll see you in the live trading room tomorrow morning. What an exciting day. A great way to end the day. Thanks for being the world’s greatest students – I can’t wait to see you in the room tomorrow morning or at another special event, we may be able to do for you in the future again, okay? And, of course, we’ll see in WealthCharts tomorrow morning for the first 45 minutes there as well, okay? Thanks, everybody! Have a great night. Take care, everyone. Bye-bye

Watch Rob and the whole team live and in action tomorrow morning!

Ok, gang! Welcome back! Welcome to an exciting end of the day here frankly. So, backing up just for a quick moment, we’re gonna make this fast we got big announcements for you. So, the game is over now with just a few moments to go before the market closes. We held on to the weekly key support that I warned you guys about here in the weekend videos. And we’re holding out of the key daily support as well so we kind of pushed down to those levels near the open only to hold those levels into the session. So, basically, that went ahead and opened up opportunities here both from a sideways market perspective as well as then we started breaking out into a trend ooh we’ve got the Rob Hoffman classic throttling here, ITP indicators, all sorts of different things kind of firing off and you’ll notice here with the WealthFinder was firing off here on multiple time frames as well. So, this is where it all started that’s what it was looking like at the time when it was firing off and what ended up happening here this thing just went “googoo gaga!” and really had the longer-term time frame, short-term time frames and everything just offering up really great opportunities including stochastics, “W” pattern buys, the ITP, a lot of different things here and the IRB continuation trades and the reverse IRBs, classic IRBs. All sorts of these different trades. So, tomorrow is this huge event that we’re doing it’s from the live event that we did at the Wealth365 Summit. We told you we were gonna go ahead and bring this together.
So, what we’re gonna do is rather than tell you well what we’re thinking about tomorrow – let’s just get in there and do it all morning tomorrow. We’re gonna go ahead and do the event that we promised you back here two weeks ago at the summit. Many of you have already registered. Some of you aren’t. So, we want to make sure those of you there aren’t get there for this to be a very special event it’s gonna be a lot of Education. We’re gonna be looking for live trades, we’re gonna be doing a lot of training in stocks, options, ETFs, and Futures. So, we’re gonna be bringing in our normal live trading room options expert is going to be looking to do some trades. He tells me he’s got some trades lined up for tomorrow morning to do live with you on the screen so you guys can see that. We’re going to have myself and Ziad going ahead and focusing on everything else. The stocks, ETFs, Future is there as well. So, we’re gonna bring it all this together, we also might have some special guests coming into the live trading room to do some additional training as well. So, it’s going to start at 8:45 Eastern and then it’s gonna go all morning here in this very special event. So, it’s gonna be very heavy in the training it where is it would be very open Q & A and of course, we’re going to stop that at times is to focus on the trading aspect that we want to get out there as well, of course. So, we’re gonna be focusing on live training, live trading, if you’re a day trader or a swing trader in stocks, futures, ETF’s, options or Forex, you need to go ahead and be at this very special event tomorrow morning. I cannot emphasize that enough. There’s a lot of opportunities to go ahead and get one-hour presentations out there but like the Wealth365 some of them were short and condensed to learn a couple of things then have a sales offer. This is gonna be an all morning trading training event. So, this is gonna be a very special event the one that we promised you back at Wealth365. You’re gonna be able to learn how to use a lot of the tools we use, a lot of setups and strategies we use and we use entries, stops, all that different types of risk management and this is gonna be a really, really incredible event.
So, go to becomeabetteratrader.com/go becomeabettertrader.com/go and see how we navigate tomorrow’s situation here being caught between the rising and support and the falling resistance. That’s gonna be really important how we’re gonna also focus on the break out of that, so what kind of strategies for more trending, what kind of strategies for when it’s going back and forth: sideways because those are different strategies and then how to manage the risk from there. BIG event. Promising to be a huge success and wonderful time together in this all morning event. We’re gonna have two rooms going so it’s gonna be a pretty big deal and looking forward to having you guys there. So, one more time, go to becomeabettertrader.com/go and then get our live updates tomorrow morning on all the different markets that we’re looking at across the stocks, futures, options ETFs, Forex – everything we’re looking at and all the things we’re going to look in the trade tomorrow, alright? See you guys tomorrow morning bright and early 8:45 Eastern. It’s gonna go all morning possibly into the early afternoon as well depending on how many questions we get, right? So, it’s gonna be a big deal. This is a wonderful opportunity! We’ll see you there, becomeabettertrader.com/go Have a great night everybody! Can’t wait to see you in the morning. bye bye!

See Rob’s trades, his strategy, and watch him and the team in action Tuesday morning

Okay, welcome back, everybody! As we go ahead and we take a look here – this really follows on from the previous videos that I’ve shot for you recently. There’s been a theme since the videos that I did even before the summit. You’ll recall that I went ahead and was telling you then and then we see what’s happened now the last two weeks from that. We have massive falling resistance on top of us. Significant rising support underneath of us. This term that I give for it is the kill zone and the reason being is I picture it as defensive forces on both sides all lined up here and kind of all lined up over here and every time it goes down here I’m looking for it to pop. Every time it goes up here looking forward to get knocked back the opposite way and we’re waiting for that to be settled. In the meantime, that offers up opportunities on both sides of the fence here and so like for instance here on the daily chart you’ll notice the daily chart smacked right into falling resistance and then held right at today’s support as well. So, both daily and weekly support and multiple weekly and daily resistance levels hitting simultaneously.

Gang, we talked about this in advance over ten days ago, it was more than ten days ago actually because it was before the last Wealth365 Summit and then I kept giving you and the updates here earlier in the week on this so you can see the major impact on this which is really exciting. So, the way I focused on this on an intraday basis is – the markets closed now. It’s now nearly 3:30 Central time 4:30 Eastern Time on Friday afternoon but basically what I just did was focused on this from a longside perspective because a lot of the damage was done in the morning on the short side where I wasn’t able to be as readily accessible but that’s the beauty of being a trader, you could pick up kind of where you left off at any point in the day and go from there and what was happening was we were coming down to key supports and at that point, we started going and firing off some of the trades that I’ve taught you guys here with the throttling. Wave ones and waves two, so, you can see we kind of had that first wave kicking in here then we had a second wave until it’s smacked into falling resistance. Then it fired off again here with a full-blown wave one throttling which then led to another wave two giving some great long side opportunities here into the session. I had one small short in there to be quite honest as well but it’s really small and I can’t remember where I did it now but that’s okay! The primaries were focusing on the long side there. So, the bottom line is because of the daily wrong one because of the daily supports and the weekly supports with those defensive forces lined up in that area looking for by opportunities made more sense because a lot of the damage had already been done on the sell-side in today in particular here. Then throughout the week as well.
As you know, I was not a raging fan for buy-side breakouts at this point or sell-side breakdowns. I said we have to get through these levels before we can go. So, in the levels, I gave you previously if you recall on the SPY who was 270 to the downside and 300 to the upside are the two major levels we’re looking at. Everything in between there is basically just noise, okay? This leads to more short term trading opportunities very short term options or very short term intraday trades for that matter if you want to go home sleeping like a baby at night like I like to. So, with that being said, specific options and very specific cases make sense but if you have the methodology where you like to follow the market have the rising tide or falling tide lifts all ships or sink them all then you’re not in that point. You’re gonna get very specific trading opportunities right now but the good news is we’ll be able to talk about all this and look at all this together next Tuesday. We have a live event there. We told you during the week of the summit that we were going to go ahead and do this very special live event and we’re gonna do that on this coming Tuesday here for you so it’s officially at 8:45 Eastern is when it’s officially supposed to start there we start a little bit later, we’ll see but we’re talking about inviting you through the whole process for all of you that have WealthCharts then you can come into our main room with us instead of just watching it through WealthCharts that day, although that’s normally a great way to catch us each morning there for the first 45 minutes and then go through that morning and do some training, some trading and really try to answer all of your questions for you. So, that’s gonna be next Tuesday morning. This is the event that we promised you through the Wealth365 event. We want to deliver on that and so next Tuesday morning, May 5th. So, register at becomeabettertrader.com/go Ziad’s gonna be there, I’m gonna be there, Laurie’s gonna go ahead and be there.

So, you’re gonna have stocks, futures, ETFs, options, the whole nine yards that we’re gonna be all look at, focus on to educate, look to trade, etc. So, it’s gonna be a great event there and this is just as a reminder that fulfillment of the promise that we made to you during the show. So, with that being said these are the key things that we’re still continuing to watch. Factor this into your trading as I have here. That’s what I’m doing here and really looking for the big 270 and 300 levels as the major levels to get far more aggressive on things. In the meantime, just enjoying the short term opportunities that the market presents each day as we can. So, with that being, said you guys have a great rest of your weekend and Ziad and I will look forward to seeing you at this very, very special event, alright? Have a wonderful night, gang! We’ll see you Tuesday morning. Take care, everyone! bye bye