June 28, 2013 Market Action

Today the market opened up at the 1601 support level
but could not keep above for very long. A Run down
to the 1595.00 support turned the market back up
and through the 1601 support which was now resistance.
since that level broke it acted like support which
setup a nice long trade to the 1606 resistance area
where the market hesitated a bit. The was broken and
the market ran up to 1610.00 . That acted like a lid
on the market all day. The market really stayed between
the 1602 area and 1610 area pretty much the rest of
the day until the last half hour when the 1610 zone
was rejected for the last time and the market came
down reall fast to the 1595.00 zone again.

As you can see from the chart below , the support and
resistance zones really framed the market well today
and by having these lines on your chart you would
be able to take advantage of the opportunities available, but
you need to know the setups and the how to trade them.

June 26, 2013 Market Action

Today the market gapped up into the third resistance
level published in last nights update. That was in line with
one of my setups to get short and the market came
down to the 1593.50 are where it stalled a bit
but continued to go down to the 1587.75 support area. That
turned out to be the low of the day and the market
started its run from there. Resistance than was broken
and turned into support which gave some very nice
buying opportunities as the market rallied up to the 1601.00 area.
Sellers came in near the close to bring the market back down the
the intraday level give at 1595.00.

Having a game plan for the trading day is an important
part of my routine. It increases your odds for success
and I encourage all of you to at the very least have a plan
for your trading. Understand how you will react and
plan our your trades in advance, because in the heat of the
moment emotions can take hold and it will be detrimental to
your success. Good Trading.

June 24, 2013 Market Action

Today we gapped down and after bottoming out near the
1553.00level the market started a slow and steady
grinding higher taking out two of the previous support
turned resistance. Aft reaching the 1578 area the
market could not keep above that area and a retest
failed for a reversal of the uptrend that started mid day.

There were many opportunities today in this two sided
market. You just need to know where the support and
resistance levels are and how to trade around them.
Certainly a major part of my strategy revolves around
the fixed support and resitance levels. But I do want
to point out that finding the dynamic areas on the chart
is equally important and only serves to at least double
the number of opportunities there on any given day.
In trading when you know that you have many opportunities
to make a trade you suddenlty realize that you don't need
to chase the market and when you miss a move it really is
no big deal. That change in psychology goes a long a way.
If you are interested in trading, what better principles can you
learn then those taught by a 30 year day trading veteran
that puts it on the line everyday. Check out the website and the course
available today.

June 19, 2013 Market Action

Today we had mostly sideways action pre fed announcement.
But for those who were patient a classic setup that
I teach in the course occurred post fed announcement for
a profit potential of 10 plus points. Check out the
chart and see how the support and resistance levels
frame the market and can give you opportunities to
profit.
I marked the chart with an arrow showing the location
of the trade. I even alerted the subscribers that
the 1635 level was a dynamic resistance level and
to look for a reaction there. The dynamic resistance
level are formed through out the day and I teach
students how to find these zones in the trading camp
that I hold once or twice year. 

Check out the website to get more information or contact
me via email.

June 17, 2013 Market Action

The market gapped up higher today above three resistance
levels and then ran up to exceed the the fourth level
at 1369.50. The push thru was brief and after chopping
sideway another attempt to push through failed the
selling started. That set up for great shorting opportunity
which had a potential profit of about 15 es points.
The key in a market like that was to be patient and
wait for the right setup.

If you missed that one there were some other bounces that
were very shortable if you had the right method and
techniques to enter. Later a 123 bottom formed giving
us another opportunity to get long and with a profit
potential of about 10 es points.

If you would like to know more about my setups and
the techniques I have used for over thirty years check
out the Ebook and some of the other trading courses on
the website.

June 10, 2013 Market Action

Today the market opened up just above the first
resistance level at 1647.00 and ran up to tag
the 1648.00 Second resistance level. That was
rejected and a deep pullback to just above initial
support brought in some buyers.  Some Sideways action
at the 1647.00 resistance level and the market came
back down to test the low of the day and continued
to trade sideways for the rest of the day.

There were some decent opportunities for trading
today although not many.  However with my style of
trading you will at least find 2-3 trades a day
on most days.

PS. I used Ninja Trader Charts today.

June 5, 2013 Market Action

Today the market opened just under initial support
and gave us a great shorting opportunity right from
the get go. That rejection there at the 1628.75
was the clue that we would possibly be heading lower
Then we had a great last trapped trade setup around 930 CST
for a good profit of the down side. We then had a support
turn resistance trade for another nice short today.
These are the days that we strive for in the markets.
It's all about making your losers small and taking advantage
of the opportunity when the market gives them to us
to make our winners big.

Get on board and pick up a copy of the ebook and DVD course
to start to learn how to trade these markets. With me you get
full support and answers to any questions. Contact me
for more details or with any questions you may have.

June 4, 2013 Market Action

Nice Range today and some really good opportunities
to make some decent gains. I have outlined on the
chart below 5 very basic trades that I can teach
you how to take based on my trading techniques that
I have been using for over 30 years.

You can see by the arrows and there was no shortage of
opportunity today. As a matter of fact the markets
are full of opportunity every week to make a decent
return.

June 3, 2013 Market Action

The market bounced early from initial resistance
on Monday but was not able to clear initial resistance. A
rejection brought the market down to test the bottom
support level and after a small bounce from there
the market went sideways for a while before staging
a run up to the initial resistance area.

Once the market got going and held the 1626.50 area there
were some great opportunities to make some decent
points today. I highlighted two of the many
chances available today to make some nice trades.
Daily there are ways to trade this
market safely and profitably. Get on board and
pick up a copy of the ebook.

May 31, 2013 Market Action

Very good range today and lots of opportunity to make
some great trades. See the chart and observe how price
moves between the support and resistance lines I had
drawn before the market opened up today. You can see
when support holds and resistance breaks where
the long opprotunities are. Then as support breaks
and is held as resistance you can see how the market
gives us shorting opportunities. 

Today was a great trading day and if you knew the setups
to look for at the support and resitance lines you would
have had a fantastic day. Don't delay get your copy of the
ebook and learn these setups ASAP.

May 30, 2013 Market Action

Today the market made a straight run in the early
going past through the initial resistance.
An overshoot of the the 1656 area brought the market
back down to the 1652 old resistance now turned support
for a move back up to test the 1656 area. The market
rejected that area and again bounced off of the 1652 support
area and continued to move up to just under the 1661 res
area before coming back down to the 1655 zone.

There were many good setups today and some real
nice trades off of what I call dynamic resistance
and support levels. I show you how to find these
dynamic levels in my ebook and DVD series. With fixed
areas and dynamic areas to trade off of, there is
no shortage of opportunity for you in this market.

May 28, 2013 Market Action

After a gap up open and run up to 1673.00 the market
came down and was pretty much in a down trend all day
until reaching the 164.00 area labeles as resistance
turned support on the gap up open.

Severl very good setups to trade today based on
my ebook setups. We had 123 top a couple of slinky
patters and some other setups which would have allowed
you to catch to catch some of the nice moves today
Don't delay get  your copy of the ebook now.

May 24, 2013 Market Action

Today the market opened up near the the 1638 support
area and made a small run to the 1642 support now resistance.
A failure there brought the market back down to break the
1638 area and it pushed down to the 1634.50 zone.
After moving sideways and holding that support zone
the market moved up to test the 1642.50 zone and
was able to break through making a run up to the 1646.25 area.
A pullback held the 1642.50 zone and the market made another run
at the highs and ending the day near the highs.

Nice trade opportunities today in trading with the
support and resistance zones. I can show you the setups and
how to find these zones and will find them for you until you
feel confident to come up with them on you own. Check out
the ebook and trading camp coming up. 

May 23, 2013 Market Action

Today the market opened up at the bottom suupport
zone and after just poking underneath a run up to
support zone number 2 which was now resistance held
the market back and a hold above the 1638.50 provided
a nice long opportunity for a break out to the 1652.00
area. The market found some footing near the 1644 area
and bounced back up to test the high of the day but
was rejected and we headed slightly off the high
for the remainder of the session.

Many Support and Resistance levels in paly today.
Learn how to trade around these areas and profit
in this great volatility we have been seeing these
past few days. Check out the ebook and DVD courses
for some great training on trading this market.

May 22, 2013 Market Action

Good action today from the news and we had a good range. There were some real nice last trapped setups today. I teach the setup in my ebook and walk you through it in the DVD course. I have attached a chart with some arrows pointing towards the areas where the opportunities occurred. Trading camp is coming up and if you have not signed up there are still a few spots open so take advantage of the opportunity to learn from a professional trader. I only do these once or twice a year.

May 21, 2013 Market Actions

Today the market opened up just at support and
after a small attempt to go up the market came
down and pierced through the support area. The market
moved pretty much sidways under the support area
before breaking it to the upside. With the hold
over the support area the market mades its way up to
to the resistance area 1673.00. A slight pullback and
a test of that area failed and the market pulled back
into the close.

Againt the market is respecting the s/r lines fairly
well and with the right knowledge and setups you
can take advantage of the opportunity the exists to make
profits.

May 17, 2013 Market Action

Today the market opened up above the initial resistance. That was the clue the the market may move higher. After the bounce from initial resitance now support the market moved up past the second resistance level and broke throuhg almost reaching the third resistance level. A pullback back down through the second resistance level and bounced again from the 1653 area. After some sideways action through lunch the market made a run above all resistance levels.

Some good trading opportunities came at the 1653 level and shorting up near the 1660 resistance area early.  After the run up there were some good slinky patterns for long trades. These are taught in my e-book and are excellent in trends. Pick up a copy today and learn to profit from the market moves.

May 16, 2013 Market Action

Today we opened at right at initial support and
bounced to the initial resistance. That level
was rejected and a move donw to support again followed
After a few pokes above resistance the market
could not make it through and we went sideways during
the lunce hour. anothe attempt to break the initial
resistance failed and the market came down through
initial support and finally down to the second support
level.

As you can see the market had trouble at resistance
levels today and offered some good opportunities for
trading.  Check out the chart below and see how
well the market respects the levels listed in the nightly
update.

May 15, 2013 Market Action

Today we opened at support and after the market was able to hold
above it for some time it was a clue that the market might go higher
A push through the initial resistance area fueled a rally right up
to the las fixed resistance area mentioned last night. There were a
few good opportunities to get long on that rally and make some points.
A retest of the 1654 area failed and the market broke down which gave
us an opportunity to get short down to the 1650 area where the market
bounced and moved up into the close.

Great trading today around the s/r areas. There were some classic "ebbok"
setups which if you had been trained to see them could have made you
some profit.  Check out the ebook and get on board to making some $$.

May 13, 2013 Market Action

Today the market poked under the initial support and quickly turned
up making its way to the first resistance area. A small pullback from
there to test the initial suport area was bought and a run through
the first resistance made its way to the second level at 1633.00. Some
profit taking there brought the market back downt o the 1630.00 level
where a small bounce failed and a breah of the 1630 was followed by some
sideways action.

There we some decent moves today around the support and resistance
numbers again. You can see from the chart below how the market
acted around the lines that I had drawn in before the open.

May 10, 2013 market action

The market opened up just under the 1625 area and managed to break through. What looked like a hold above the 1626 area was rejected near the 1629.50 area and the market broke down below the 1626.25 area. A test of that level gave us a good opportunity to get short for a move down to the 1620.00 support level. The market then bounce from the 1620.00 area up back to the 1626.00 level and went sideways for a while before running up to the 1629.50 area at the close.

You can see now the market respects the support and resistance lines through out the day. There were some decent opportunities for trades today even though  we had a mostly sideways day.


 

May 9th 2013 Market Action

The two sided action today gave us some real nice opportunities for trading. We had a nice run down after the stall in the morning and then a nice reversal to take out the high. But the best opportunity came in late in the day where we had a classic last trapped trade setup for a nice short that took the market down about 10 points. I have showed the area of the trade on the chart. You too can be profiting from these moves. I teach these setups in my ebook and other courses. Don't miss out and pick up a copy of the ebook and you will receive 2 weeks free to the nightly support and resistance news letter.

May 8, 2013 Market Action

Today the market opened just above initial support and a quick poke underneath was quickly rejected. That was the clue that we might see higher prices. The market moved up past the initial resistance and continued higher busting through the second resistance level at 1625.25. A small pullback held the old resistance now support and the market made a run for the 1628.00 resistance level. Another test of the 1625.25 support followed and the buyers came in againt o test the high. That was followed by some sideway action and the market came down to break the support at 1625 and test the 1622.25 area where the buyers came in again to take the market past the high for the day. On the chart I have outlined the best trading opportunities based on what I cover in my ebook. Check it out.

May 7, 2013 Market Action

Today the market opened up just above our first resistance area. It came down to tag it and made a run for the second resistance area. Selling hit the market there and a strong push down thru the 1615.00 area to the 1612 support zone. Buying came in at the initial support and the market busted through the 1615 resistance. A test of the 1615 resistance now support followed, which was a good place to get long for a move back up to the 1620 area. The market ended up breaking the next resistance at 1620 and then it turned to support and a test there was another spot to get long for a couple of points. Check out the chart below and notice where the arrows point to the way the market reacted to the support and resistance levels. Knowing the levels is one thing , and trading around the levels is another. The ebook shows you the setups I use to trade around the levels. Pick up a copy today.

May 6, 2013 Market Action

Today the market opened up right at the 1612 resistance area and quickly came down. It didn't quite make it to the 1608 area and ran back up to break through the 1612 resistance. A higher low followed which propelled the market to new highs for the day and then holding above the 1612 area. That was the clue we were going higher still and it setup a nice long opportunity for at least 2-3 points. Support and Resistance trading has worked in the past and will continue to work in the future. It is how I trade and I can show you how. Pick up a copy of the ebook and get two weeks free to the support and resistance numbers so you can trade like a pro as well.