What Rob Will Be Trading With You In The Morning

Welcome back everyone!  We postponed the live trading event from this morning to tomorrow.  As fate would have it, we did get trades in the room this morning.  We saw a very tight day this morning.  The DAX was closed because of a German holiday.  We had very tight range on the NASDAQ.  We had super tight range on the RUSSEL and S&P.  Only the DOW had some type of movement in the overnight session.  That wasn’t very much to speak of at the time.  Instead of sitting and talking about trading, I wanted to have a chance to make trades.  I figured that all of the news announcements tomorrow could make tomorrow more exciting.  We will also have Crude Oil to look at intraday as well.

We did get some trades done in the room this morning.  We couldn’t really know that in advance.  Before I tell you what I am going to be looking for going into tomorrow’s live trading event, let’s take a look at two instruments you guys wanted me to check.

If we get back above the 183 level, I’d look for a short term aggressive long.  I would do that with an understanding that 190 is major resistance.  I would want to get above 190, make that support, then we could see 200 and beyond.

The real entry for something like this in SINA is a TC20 trade.  That is a trend continuation trade.  I want to see a pull back to the 20 or a resumption back above the speed lines for a continuation here.  The entries came and passed initially.  I need to see it get through 119 for a secondary entry opportunity.  I want to see it be made a support level because we could possibly see 120 or 130.  SINA has a history of some really nice movement overtime.  This is a daily chart on the right and a weekly chart on the left.  I want to see 119 be made support.

We are going to be looking at a bunch of different instruments tomorrow.  In addition to Gold and Crude Oil, I will be looking at the NASDAQ.  I keep telling you guys about the 6000 level.  It has been a huge focal point for long side trades breaking through it and short side trades failing it.  Tomorrow is not going to different.  I put out an alert about this earlier today.  That 6000 level continues to hang in strong.  Right now we are 8 ticks from that level, as I am sending this video to you this evening.  You can bet that I am going to be watching that level very close tomorrow.  That could be a source of trades tomorrow.  I am looking to see if I can make it another big day like last week where I grossed $7000 plus dollars.  That is going to be a key focal point.

Don’t forget to go to www.becomeabettertrader.com/room to get yourself registered for tomorrow night’s event.  That starts at 9:00 a.m. CT.  If some of those news releases can get us bee bopping around tomorrow should be fun.  You guys have a great night and I will see you all in the morning.

To learn more about Rob Hoffman Trader visit www.becomeabettertrader.com!

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