As you can see I do not want to go home tonight, I am loving the setups and the overall "mood" of the markets. We are entering a very bullish week when we look at the whole year in general. The last 5 trading days of the year and the first couple 2-3 of the new year. No doubt we will see volume drop off tomorrow but that's about all I am expecting. The day before and day after Christmas are usually flat to small grind up. I will be with you tomorrow to see if it hold true.
Now I do expect stock to move so we showed get some opportunities in equities..
The Members Midweek Video is the second one posted here
Tomorrow has some good setups on deck
The Indicator Pack Featuring the Tradeometer and the Trading Algo X has had a big upgrade. I've been featuring it during the show at times showing the new features and the live alerts. I am extremely excited about the chart plotting feature and of course the multiple indexes it now covers Nasdaq, S&P and the Dow. Seeing each of these charts next to each other and how the alerts are plotted gives me more information about the markets and where to focus my futures trading. Today we such a small range day compared to the recent days yet you can see great levels to concentrate on for trend changes. The chart below show the charts you get and the alerts plotted.

A close of view of the charts is below. Remember this is a scalping tool identifying trades based on multiple time frames and indicators. besides this post I am building a tutorial section on the site that explains more in detail how to use the indicator for your scalping.. The charts are real time and the alerts are audio and visual.

on the YM you see a lot of "chop" in the last 15 minutes of the day, The indicator like any other will be effected by volatility caused by news or in some cases a strong trending market. In a very strong trending market the indicator actually works great if you trade the trend on only take the alerts on the pullback of the overall trend. This is key and a very important tip to use cause it has a very high success rate.
I have some great links from the first version that goes over the overall way i like to use it. But this to will be updated with the new tutorial.
http://benefits.daytradingradio.com/indicator-package/
You can lock in the price now before the new year @ $19.95/ Month
Prices to go up in January to $34.95
DayTraderRockStar |