Hello folks, below is this week’s market recap….enjoy!

Trade Smart — Not Often

hpb

Hey folks, we posted this past Monthly Saturday Session to our Learning Center under the Webinar tab for Monthly and Annual Members only…if you are not a Member yet of our User Group but are interested in taking a look at what we’re doing then you are free to look at any of the videos posted in the Webinar tab for $30 per video…for this low fee you can quickly see if what we’re covering can help your investing and trading skill levels…I would suspect we can…shortly you’ll be notified as we post more educational videos in the other tab sections in the Learning Center…as a reminder, these additional educational videos are free for our Annual Members, will be approximately $15 for our Monthly Members and $30 for all Non-Members…

For our current Members I just tabulated the Survey each of you recently completed and I will send you the results later today…really great stuff along with some outstanding comments on ways in which we can add more to our User Group…I look forward to getting a number of these suggestions underway…as always, our Users are best at suggestions for on-going improvements…as always, our Trader User Group is always looking at ways to expand your trading knowledge and abilities for a fraction of the costs you’d pay if you were to do it on your own or through other sources.

Trade Smart — Not Often

hpb

Hello folks, below is this week’s market recap….enjoy!

Trade Smart — Not Often

hpb

Hey folks, as a final reminder, we have our Saturday Session coming up this weekend and I hope to see you there…for those that have prior commitments or just can’t make the trip we’re video recording the Session for our Members..as soon as the video is posted I will let you know…these next two upcoming Saturday Sessions will be very important since we’re covering Option Greeks and Option Synthetics…these two Option functions are most important for those of you wishing to utilize options in your overall trading strategies…not knowing how to properly interpret either of these two primary components will severely impact your ability to use Options to your advantage taking the odds of success out of your corner…

Looking at the S&P 500 Futures price action below you can see how we’ve played this recent down move over the past week (check out our blog postings over the past week)…in fact, the downside measuring objective was hit almost to the exact point before moving higher as predicted…now we’re not always this dead on accurate but we do put the odds of trading success more into your corner, especially for those of you that really want to learn how to become a better investor and trader.

Be careful about holding Long positions over the weekend unless you are hedged..if you have a Long stock portfolio I will bang the drums again about hedging your portfolio…this you must do and I am hopeful this past week’s price action brought that point home for you…this past week was very profitable for those that followed our action as outlined on this blog….

Trade Smart — Not Often

hpb

Hey folks, the markets continue to move towards our downside measuring objective but as we get closer I think we’ll see some price hesitation as well as a possible bounce back up somewhat…should price action move below 1241 then next stopping off point will be the 200 day moving average as shown….I had some of you folks reach out to me to discuss hedging your portfolio before all of this huge drop in prices occurred..I hope you took my repeated advice in this area…you should always just assume the cost of down side protection is part and parcel of what it will take to be a successful long term investor…be prepared folks!!

The chart below shows our Saturday Session agenda topics for the remainder of the year…all of these meetings will be video taped and then made available for our member viewing in our Learning Center on our Trader User Group web site….our next Saturday session is this weekend and I hope to see you there…

Trade Smart — Not Often

hpb

Hey folks, I sure do hope those of you that have long portfolio’s were listening to me regarding setting up proper hedges….as you can see, many times it seems that all of your positions are going along just great and then; BAM!!  Without setting up proper hedging you are susceptible to large down moves that can literally take away months of hard earned profits…if you are not a believer in risk management I hope you are now….

Take a look at the daily chart of the S&P as it currently stands early this afternoon…as you can see, we’ve had the hard move I was anticipating (see the past few posts)….the down side measuring objective is 1241 and we’ve come very close to that number as evidenced by the chart….from here we can have a bounce up (called a “dead cat bounce”) to the 50 day moving average so you should play it that way…should the markets recover and move above the 50 day and hold would be a nice bullish sign…otherwise, don’t get caught going the wrong way!!

As a reminder, we have our Saturday session coming up this weekend so I look forward to seeing all of you that can make it…we will be recording the session and placing the video in our Learning Center under our Webinar Tab…going forward all of our Saturday sessions will be video recorded for viewing by our members…shortly I will come out with a schedule that lays out the topics of all of our Saturday Sessions for the remainder of 2011…

See you soon.

Trade Smart — Not Often

hpb