Hey Folks, I hope all o f you are enjoying your weekend…

For our Pre-Market Traders our next session is scheduled before market open this coming Tuesday at 7:30 AM….feel free to contact me at my email address or at my Skype ID and I will respond as quickly as I can in if you are interested in joining this group.

In the meantime, below is our weekly recap for the financial markets this past trading week…let the craziness continue!

Trade Smart — Not Often

hpb

Hey Folks, I hope all o f you are enjoying your weekend…

For our Pre-Market Traders our next session is scheduled before market open this coming Tuesday at 7:30 AM….feel free to contact me at my email address or at my Skype ID and I will respond as quickly as I can.

In the meantime, below is our weekly recap for the financial markets this past trading week…let the craziness continue!

Trade Smart — Not Often

hpb

Hey Folks, I hope all o f you are enjoying your weekend.

Below is our weekly recap for the financial markets this past trading week…let the craziness continue!

Trade Smart — Not Often

hpb

Hello everyone, I hope each of you in the U.S. enjoyed the Labor Day holidays…the markets were closed on Mondays with the exception of key Futures securities…during Sunday evening and throughout Monday morning I sat and watched the US futures really get crushed (yes, this is what I like to do on holidays!) due to structural financial issues around the Globe…if you’re following our weekly video updates you’re certainly aware of what I’m referring to that has driven volatility well over 30…

So, today I knew we would have a really ugly open and that is exactly what happened….although as we moved throughout the day buyers did step in and provide a floor to the U.S. equity markets….now, looking at the chart below of the Dow Futures you can see, as I’ve annotated, the candle formed today is a Hammer which signals a potential trend change, or a continuation of an up move….now, I don’t execute trades off candles but they do provide support and help confirm other signals that, when combined do indicate the desired action to take.  In the chart below the next key high the Dow futures price action should take out is that bar’s high or 11,197…an even more conservative play would be to wait until you take out the previous bar as well or e previous bar high or 11,518…

Now let’s look at a chart of the 30 Bond Futures…they have been on a literal rocket ship ride up lately but I suspect may now be getting a little bit tired….in this chart you can see I highlighted today’s candle which is a inverted hangman which, just like the Dow candle, portends a potential trend change…again, I don’t trade off candlestick patterns but do use them to help confirm and support my trade bias…there is not a trade to take here but at some point a great short position is setting up for a good ride….let’s wait and be patient, the trade will come to us….

Trade Smart — Not Often

hpb

Hey Folks, Happy Labor Day! for our U.S. members…..and even though the markets are closed here in the U.S. the Futures markets are open and so far it is not pretty if you’re bullish….the chart below shows you where price action  currently resides…you can see price action is currently testing key Fibonacci level extensions off the Aug 9th lows…the number to really watch close is the 1111.25 level where the recent up move indicates whether our price activity over the past few weeks has simply been a dead cat bounce or we have in fact found lows and looking to consolidate support….

This chart is a daily chart of the S&P 500 E-Mini Futures….it does not bode well for a market opening this Tuesday as we head into September, which by the way has traditionally been a bearish month if history has any say…..

This will make for a very interesting Pre-Market Trader session tomorrow morning….

Trade Smart — Not Often

hpb

Hey Folks, I hope all o f you are enjoying your Labor Day holiday weekend here in the U.S.

For our Pre-Market Traders our next session is scheduled before market open this coming Tuesday at 7:30 AM….keep in mind this will be a holiday shortened trading week for US markets but as we move thru Sept we should see volume begin to pick up as we move forward…as a reminder,  I’ve had a number of you inquiring about our newly initiated PMT sessions as well as our one on one coaching sessions…feel free to contact me at my email address or at my Skype ID and I will respond as quickly as I can.

In the meantime, below is our weekly recap for the financial markets this past trading week…let the craziness continue!

Trade Smart — Not Often

hpb