There’s The Morning Pullback We Warned You About Last Night. A Coil And Breakout Is Coming.

Welcome back everyone! Let’s do an update video about last night’s video. You can check that video out by clicking here. We told you that we were looking for pull backs today. We had massive overbought sign in a brief down trend. We aren’t really in much of a downtrend overall. However, we are in a situation where the last several days have been down. I told you two days ago that I was looking for the plunge protection team to kick in here. That was because of all the accumulation on all the different charts. We sure enough bounced off the 200 day rising moving averages on three of the four U.S. Market’s charts.

I told you in last night’s video that we were too far overdone. We ended up reaching the target. Those targets were the channels. There was a lot of resistance at the channel on the NASDAQ. The channel on the DOW was also hit too. With two of those hitting the targets, that meant we were more likely to see a pull back this morning. I told you that in last night’s video. That ended up happening.

That really is just tightening the noose. Until the channels are broke above, there isn’t really any hope for a mega rebound. Keep watching the levels in these charts here. That is the 75 level on the NASDAQ, the 26200 area on the DOW, the 1670 level on the RUSSELL, and the 2875 are on the S&P. Until we are above those there isn’t much hope for a major rebound.

If you are looking for the big sell off, we want to get back down below the 200 period moving averages and accumulation bars. Those are inventory retracement bars. They were trying to defend the 200 day moving average. That is a barometer for funds. If we can get below those we could see major drops. Right now there is a massive fight between the bulls and bears. The bulls are trying to take the support levels and make the market hold up. The bears are using popups to sell back down.

This is a coiled spring of support and resistance to me. We are looking for break out/break downs from there before we get serious. We have earnings and elections seasons coming up. There is plenty to help us navigate those waters. In the meantime, I am taking day trades between the support and resistance areas. I fired off several trades in my Live Trading Room this morning doing just that.

Keep those levels I reaffirmed with you in mind. Everything that I have said in the last couple videos has come true. This is just validating what is going on right now. We need to be poised for breakouts. We also need to be prepared for shorter volatility trades as well.

I look forward to seeing everyone in tomorrow’s Live Trading Room and tomorrow night’s videos!

There Goes The Stock Market’s Plunge Protection Team Off Of Key Support

Let’s get a quick update out! I told you guys about the plunge protection team in last night’s video. I talked about these different things at the 3 and 7 minute marks. Sure enough, we completed that entire cycle in one day. That is why things were titled three more weeks of exciting market volatility.

We held that important 200 day moving averages. We also held the accumulation bars too. We had accumulation on the RUSSELL and DAX as well. That led to some great trading in the Live Trading Room this morning. This is where the rubber meets the road.

The channels are the real challenge points. We still have some room to grow in some of these. You will notice that the DOW is coming right upon the channel. The NASDAQ has hit the bottom end of the channel too. There could be a morning reversal back down. If you go into the open with a move up I will start to look for reversals. I would be more cautions to the long side.

I was a bull today in the Live Trading Room today. I said that I am not shorting this today. We were already at key resistance. I wanted to watch that the hope that the RUSSELL would get above the speed lines. That was really phenomenal stuff.

You all need to go back and watch last night’s video. If you had to miss it, don’t miss it again. Let’s remember that we are at a very critical area. Typically after a wide range push there ends up being a small pull back the next day. The exception to the rule would mean it would continue on. If it were to do that it would be a phenomenal buy signal. Once the sells don’t sell, it could be time to buy again. That is how I look to play it.

This was a nice continuation video from last night. This is the big deal right now. We really need to be watching this. I will be doing just that heading into tomorrow. Look forward to seeing you all then!

At Least Three Or More Weeks Of Exciting Market Volatility Ahead. Here’s Why.

It’s been a big couple weeks here. We had the Wealth365 Summit last week. The servers even crashed because of the large growth. You can see the people you want and like without walking out of a hotel room or anything. You can see the best people without having to go anywhere. People are very rapidly realizing that it’s the best way to do that. So many people have been thanking us for that. People don’t have to feel awkward leaving in the middle of a presentation. There are so many benefits. Thanks for making the Wealth365 Summit great!

I talked to you about a lot of different things leading up to the Wealth365 Summit. We broke down and had those negative divergences. We talked a lot about those negative divergences. We had a higher high in price and the key indicators were making lower high in prices. We call those negative divergences. That is a bad place to be. The RUSSELL was sneaking down under the radar. Financial news channels don’t cover the RUSSELL the way they should. They always cover the NASDAQ, DOW, and S&P. I told everyone to be watching the RUSSELL. Sure enough, the other markets finally broke down. We got down below the speed lines on the RUSSELL.

Now we have hit the all-important support levels on 3 out of 4 of the Stock Indices. The DAX and RUSSELL are at key support levels as well. The DAX and RUSSELL have accumulation bar support. That is where one or more institutions stopped the market from going down. They also drove it back up. That also plays with the 200 day moving average and accumulation. This is where the plunge protection team has to do its thing. They need to get these reversals. I told you all last week about a profit I made last week involving stuff I talked about earlier in the week. There was a beautiful snap back reversal. I said that the snap backs were going to be huge. I saw a profit opportunity in those areas. The same thing ended up happening this morning. The market was going down. We were making a lower low in price and a higher low in the indicators. We also were breaking back above the recent relative highs. We also got back above the speed lines. I mentioned this all in previous videos.

That is the Three Musketeers Trade. That has ultimately went up around 60 points since that happened. That is about 1200 dollars a contract move back up. It is still climbing as I am speaking to you right now. We are at the high of the day on the RUSSELL, DOW, and the S&P. If the plunge protection teams are going to kick in, this is where they would.

I have been talking a lot about Goldman Sachs. I told you about the 240 and 245 levels. Once we finally got above 240 it shot up to 245. I saw some very key resistance in that area. I said this is where the rubber meets the road. I knew that the 245 area was huge. I said that we had a head and shoulders sighting. I said that if we broke below that it would be bad for Goldman Sachs and the market. It ended up doing just that. Goldman Sachs now has accumulation bars as well. The overall market had these key levels. When Goldman Sachs broke below that level it was a kiss of death for the markets.

I showed you at the Wealth365 Summit how I was trading the markets using strategies I taught. We have a very critical levels to watch. The 200 day moving averages and accumulation bars have to hold. If they don’t, we could see much steeper deteriorations here. The plunge protection team needs to kick in now. There might be short term longs back up to the channel. That would be the real tell here. Until we get back above the channel we can’t have any happiness from a long term swing trading perspective. That is where you will get your best runs in the markets in general. Those would really be like one or two day swing trades if we can clear those areas. It is more of a day trading market right now to me. I even had a video that explained why this is a great market for active traders. That was the last video I talked about with you guys. The profit opportunities are massive right now. We have Iran, Saudi Arabia, China, and the elections coming up. There are so many things that are going to keep this exciting right now. What a great time to be a trader or an active swing trader. I look forward to working with everyone in the days to come!

The Perfect Time To Be An Active Trader

Welcome back everyone! We have a market that is basically net-net neutral right now before FOMC. The S&P is into the speed lines. The DOW is just below the speed lines. We also have a falling RUSSELL and rising NASDAQ. My strategy is going to be watching to see who wins and loses after the FOMC. Is the RUSSELL going to get back in line? I will then look for long side trades in the S&P. If I am trading smaller size for risk management, I would look into the NASDAQ. I am currently on the bigger size piece of this.

I otherwise want to see the RUSSELL sell off into the afternoon. I might look for shorting there then. We need to get through the FOMC. I want to see all of those things moving together. This is a split decision gang.

We are only roughly 10 or 12 days away from the incredible Wealth365 Summit. This is going to be focused on trading and investing because of earnings season. We also have the election a few weeks after. A lot of the speakers will be focusing on trading executions and strategies around earnings and elections season. This is going to be a big one! This will be a perfect timing for a perfect show. You will all want to be a part of this can’t miss event! I will explain some of the things I did to win my most recent trading competitions. Go to www.wealth365.com/bbt right away to sign up! I will see you there!

How To Get Prepared For Six Things That Could Throw The Market For A Loop

Welcome back everyone! Let’s take a look at several important things today. It is great to be back with everyone after being in Europe last week. I ended up winning my biggest ever trading competition ever there. I will be explaining how you all can benefit from that as well.

Let’s take a look at the markets as a whole. We are holding on for dear life at the S&P key speed lines. We held the midpoint of the channel on the RUSSELL. It had a rally but got caught in all the resistance above. There are about four resistance levels holding the RUSSELL down right now. We are holding on for dear life on the DOW right now too. The NASDAQ bounced off the speed lines as well.

Right now the markets are still in an uptrend at this point. I told people to watch about for shorts. I said that they will work at some point. You can get the sharp moves to the downside. That will trap retail traders in using the long red bars. The market ends up V-Spiking right back up. As long as we are holding the key support levels, it is a big fat no for me from an intraday perspective.

There are 6 things right now that could affect the markets in the short term. President Trump will be meeting with leaders in the United Nations. He will be trying to convince them to stop working with Iran. If that fails, it is probably going to make Trump mad. He might gearing up bigger trade war issues with some of the countries that don’t want to isolate Iran.

The trade wars as a whole are another thing. China has made it clear they don’t want to be held at knifepoint. President Trump obviously wants to keep the head on. Could those things spiral out of control?

The FOMC is tomorrow. They have pretty much indicated that they are willing to move two more times and see what happens. How will that affect the markets? It is kind of baked into the cake to some degree.

The Kavanaugh hearings are another thing that can play into things. A lot of turbulence could come if he were to not get appointed to the Supreme Court. A lot of people have been following all of this closely. That is on both sides of the fence. This could certainly learn to market repercussions. This directly ties into the last two.

The earnings and elections season is about to be here. Some of those things tie into each other as well. There will be a lot of volatility and opportunity. This could bring a lot of risk if you aren’t prepared for that.

The last trading competition was multidiscipline. It featured Stocks, Futures, and Equities. There were three different segments to the competition. It was bigger and more intense than the ones before. Those were still very intense though.

We have the Wealth365 Summit in less than two weeks. I am going to be sharing some of the strategies I used to win the competition. I will also be focusing on the earnings and elections cycle as well. I also know that some of the biggest names in the industry who are speaking at this event will be focused on trading and investing. A lot of them will be focusing on education centered on the earnings and election cycles. This is going to be different than some of the previous ones. There will be a laser focus on the different things you need to know. You just can’t help but be there because of all the things on the horizon. You need to know how to trade and manage your risk through the process. You can go to www.wealth365.com/bbt to sign up! It is free to sign up. Join me and so many other market professionals. This show is continuously growing so you will see plenty of new faces. I can’t wait to see you all there!

After Exciting Live Trading This Morning The Theme Is Balance

Welcome back everyone! I have been telling you that the markets are overall up. Even the RUSSELL, which is pulling back at this time, is still in an uptrend in the bigger picture. There are plenty of accumulation bars in the backdrop as well. You have certain institutions that bought down below. They were betting that the market was done for. There are others that are thinking this is a buy opportunity still. They are willing to absorb these pull backs for the expectation of further gains. You have a market with some rotation going on between the different firms.

Yesterday we had two and two. The NASDAQ and RUSSELL were both under pressure. The DOW and S&P were stronger. We actually did trades on both sides of the fence. That was for shorts and longs. Today it was more balanced in the direction of the longs. Even the RUSSELL was stronger earlier on in the morning. When we came in, we were firing off my institutional indicators. Obviously I fired off multiple long side trades. That was the best trading of the morning. The RUSSELL started to grow weak and also pulled back. I basically backed off at that time. That has led to a market that is trembling along. There haven’t been any real gains at this point.

I am going to be watching for more trading. Right now we are balanced. We really want to see some imbalances. We are watching the RUSSELL very closely. The preferred trade of choice would be to continue the long cycle here. The RUSSELL would have to come off the lows. It would ideally get through the 1717 area. That could lead to some more upside pressure on the markets as a whole. These markets certainly want to go long. We have seen accumulation bars after accumulation bars. Someone is looking at these pull backs.

You have an almost equal force of sellers and buyers. We are looking for imbalances right now. I want to see one side just give up. I want to see the sellers say they are done selling. I then want to see the buyers decide to buy more! That is why I have been more willing to aggressively go long. That has been the right thing to do. Everything has been saying buy here. I need to trust my work. That is exactly what I did. I am not oblivious to the fact that we are at lofty levels. I will want to see if the RUSSELL deteriorates. The preferred trade of choice will be the RUSSELL lightening up above the 1713 level. I hope it pushes about 1717 for an afternoon rally. That is the preferred day trade of choice. I am going to show you some things that I will want to be on the lookout for in the future videos.

The Theme has been balance. Speaking of balance, don’t forget that we just added several new speakers to the upcoming Wealth365 Summit. These are speakers who have never been on this show. You will not want to miss them and the experts who will be focusing on the earnings season. Go to www.wealth365.com/bbt right away to sign up. It is free to register! You will not want to miss that event! There will be some great pre and post show events as well. There will be people giving pure content during their presentation. There will be a lot of really great stuff this time around. I am looking forward to you all being there. Go to www.wealth365.com/bbt to sign up!

These Markets Are Offering Up Big Opportunities Right Around The Corner

Welcome back everyone! This is going to be a quick update video here. This is so exciting right now!

I have been telling you about all the accumulation and distribution bars on the DOW, and RUSSELL. You still have distribution bars above on multiple charts. You are also creating new distribution bars today in the DOW. This is a huge fight right now. People are still finding value to buy right now. There are others just saying they are out. This is going to break at some point. I am certainly looking forward to that.

I am looking at this from a play by play perspective. I am not putting any large swing trades on at this moment. I want to see which way we are going to break out at. We had a huge accumulation bar yesterday on the DOW. We had a huge distribution on the bar today. The NASDAQ and the RUSSELL were selling off this morning. The DOW was doing very well this morning. The S&P was just doing okay. I was very reluctant to the short side because of that. I couldn’t help doing it anyway because my indicators were screaming to short.

I then told everyone to watch out! I said this was making a positive divergence and turning around. Right after the open, it had a quick drop down. It ended up taking off like a rocket to the upside. It ended up killing all the people that jumped in short. The charts are still uptrends in the back drop. I said if the DOW starts to come around again, and the S&P holds, that I would focus on the long side. I basically focused on shorting earlier. I now start the room at 8:30 CDT because of all the opportunities coming in the morning these days. I made more money to the upside in the Live Trading Room in the morning. When they pop back up it can be exciting. The DOW was drifting down slowly. The others were heading down more sharply. The market started to come off the lows. Everything was starting to come meet these rising markets. I ended up focusing on long side trades then. It was a tale of two markets here. There was accumulation and distribution bars. I really want to watch all four. The intermarket analysis is huge right now. I want to see if they are all travelling together. Today two went one way and the other two went another way.

Keep that all in mind! I am going to be talking about that more in the next couple days. You can’t make a bet on the swing side just yet. We haven’t cleared these resistance levels. That could show us that we are back into the next run. I also don’t want to be short with all the accumulation bars down below me. There is also a rising trend. I want the market to show me a direction. In the meantime, this is a beautiful trading market. I look forward to seeing you all in the Live Trading Room or in tomorrow night’s videos!

Watch These Market Levels Right Now To Avoid Whipsaws

Welcome back everybody! It’s always exciting when things that we talk about stand the test of time. You see them happening over and over again.

This morning we had a situation where I was focusing on the S&P at the speed lines, the RUSSELL’s high was at the speed lines, the DOW was very strong, and the NASDAQ was just a mess. I said that we either have to start to break above the speed lines and go away with the DOW, or break below the lows for things to come through. The only real change at the end of the day was that the DOW flipped around

You will see that we stayed down below the speed lines on the S&P, we stayed below the speed lines on the RUSSLL, and we stayed below the speed lines on the NASDAQ. The DOW was the only one that flip flopped.

I have explained the Goldman Sachs concept to you a lot. I said that first we wanted to break through the 240 level. I said that could lead a run to 245. I wanted to do that because that could’ve lead to a nice run. It ended up hitting all the resistance levels that I warned you about. We are once again under pressure here. We are down about 2 dollars at this point. That is keeping us from going anywhere fast. Right now we are stuck. These have been historically great levels. We have bounced off of these rising support levels.

Take a look at the DOW. How many accumulation bars have we had the last several days? If we can start pulling away from these areas below the channels and accumulation bars from today or Friday, we could have some really nice selling. The S&P and RUSSELL peeked its head just above the speed lines. The DOW was above as I showed you earlier. We made a poor attempt to get through the speed lines. There were just too many resistance levels there. We have to break through those levels to the upside or break down through those levels to the downside. That could really open up the flood gates. Today was a coil up day. The NASDAQ is an inside bar. Three out of four were very close to where they were first thing in the morning. Only the DOW had a bigger move. That is attributed to Goldman Sachs though.

These are the key levels now. Pay attention very closely to Friday’s high and low. That could give us some great clues for break out and break down opportunities.

We are coming up on the earnings and elections seasons. We now see President Trump and President Obama are really at it right now. These midterm elections are going to be huge. Your livelihood could be directly affected by who wins. You guys absolutely need to know these things. Go to www.wealth365.com/bbt right now and sign up through my link. You can see all of this stuff from the comfort of your own home. You cannot miss how to position yourself in advance of the earnings and elections season. There will be both big winners and big losers. I look forward to seeing you guys at the upcoming summit!

The Dow Is Ready For Another Move, Here’s Why

Welcome back everyone! This is going to be an intraday and swing trading video combined into one today. This is for Friday afternoon!

We have rallied back and bounced into some key supports that we have talked about in previous videos. We are also hitting major resistance on the S&P. We are also hitting the speed lines that are coming down on the S&P, NASDAQ, and RUSSELL. We are basically trapped between rising support and falling resistance. I told everyone that we aren’t in a bear market yet because we haven’t got down below the channels.

I want you to understand what that looks like on an intraday basis. This is from this morning on the NASDAQ. We went up and hit the area. It ended up pulling back. It just kept repeating that over and over. These aren’t really small pull backs either. They were about 15 points. That is nearly 3 times a normal trader’s stop loss. If you blindly jump into a trade long it can be very painful very fast. That is why I want to point that out. Only the DOW is going to hold at or near it speed lines.

Here is what I want you to know about the DOW. The DOW is actually in a position where it is close to breaking out. We are now in a very tight consolidation currently. It is within yesterday’s highs and lows. That is an inside bar. Today’s high is less than yesterday’s low. Today’s low is higher than yesterday’s low. I have also been commenting on this negative distribution. We also had accumulation yesterday too. There were two accumulation bars the days before as well. We have multiple distribution bars here too. We are caught in this ricochet market. There is rising support and falling resistance on the other three Stock Indices. We are going to see some really ugly patterns taking place here. This have even dropped further as I’m writing these. This has dropped around 20 points. That is now 4 times the average retail trader’s stop loss. This has been a whipsaw back and forth. It hasn’t been consistent and there is no longevity in these trades. I want you to understand the resistance levels that are in play.

We are looking to watch the DOW on a swing trading basis. Will the DOW start ot break through the distribution bars? Do we take off after that? Do the other markets get back above? Look at all the deep corrections that we have had. They went against the key supports. We keep getting back to the same key levels again. There is a do or die area that we are paying attention to. We have earnings coming up. We have upcoming Wealth365 Summit. You can go to www.wealth365.com/bbt to sign up for the next Wealth365 Summit. There will be a focus on the markets during the upcoming election cycle and earnings season. Whether you are a do or die republican or democrat, it is going to be very important.

This market could have some major runs or sells because of those things. Go to www.wealth365.com/bbt so that you can be best prepared by learning strategies from experts on the trading and investing site. It is trading and investing month at Wealth365. You do not want to miss that! You guys have a great night and I look forward to seeing you at the Summit and upcoming events!