Webinar Recording & Trade Ideas for Nov 1
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Continue readingMarkets finished with losses on the last day of the month and it put the $SPY back into the losing column YTD, but the monthly numbers were still very bullish. See the video below for key levels going forward.
Continue reading{+++}Please REGISTER HERE for MONDAY’s (October 31) live event from 8-9 PM Eastern. We will not discuss any bulletin board stocks or stocks which trade less than 500,000 shares per day.
There are some very simple procedures I ask everyone to follow to ensure that the webinar flows smoothly and that your questions get answered.
1- Questions about market concepts should be sent only to 1bshannon@gmail.com If you would like your question answered please be concise. You can send your questions in at anytime, but they will only be answered during the live event or in subsequent videos.
2- We will discuss your specific stock ideas and use the gotomeeting text chat for those requests, during the meeting I do not monitor other email accounts or the twitter stream for questions.
I find it distracting to the flow of the meeting
Continue readingFrom the early October lows when it appeared another leg lower was likely for the markets, the $SPY has rallied 19.7% in just 19 days! I am told it is the biggest monthly gain since 1974. The sudden reversal and magnitude of the follow through emphasize why successful market speculators have to maintain an open mind and be able to defer their own beliefs to the message of the market. Although the conditions of the global economy are fascinating, our job is not to make sense of the why, it is simply to make money. Leave the policy debates for academics and politicians. Trade what you see, not what you think.
Continue readingSubscribers, you can access the video through the premium tab.{+++}
Continue readingSubscribers can access the video through the premium tab.
As mentioned in the video, I will not be in tomorrow but there will be a video after the close. Trade well!
Continue readingBelow is an excerpt from a subscriber who was reflecting on a day of trading from which he came up with some thoughts about trading in relation to VWAP. Thanks for sharing, Jon.
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My retrospective analysis was most illuminating… namely that I did not generally trade in and/or out following a daily VWAP (about 80% of the time). The reasons were varied. But the bottom line was that on those 80% of the trades I either lost money, sometimes a lot, or at best broke even. If I would have merely timed my trades according to VWAP (which would still have been a trade and not all that different in time), I would have broken even or made money. In the other 20% of the trades, I broke even or made money with the only poor entry being entering a
Continue readingSubscribers can access the video through the premium tab.{+++}
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Continue readingThe $SPY is nearly positive for the year again as the market continues to add to the recent gains. The video below looks at the trends and important levels for $QQQ $XLF $IWM $SMH
Continue readingYES, IT'S FREE