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Day Trader Radio

Announcement Archive
April 2014

  • Market Radar for May 1st More Upside ahead

    daytraderockstar post

    posted by daytraderockstar

    Apr 30, 2014 4:57 pm

    Yesterdays very bullish call was right on except we did not take out all time highs, I knew that was a stretch, but I am expecting some type of event to be the catalyst for that move, Overall an extremely technical day and a bullish one, At the end of the day we made a clean break from the downward trend line that has held us back since the beginning of April. Now that that is behind us and we had such a nice reversal candle on Monday I would expect to see a few more bullish candle on the daily before we consolidate. The next big event will be Friday with the jobs report. With a strong ADP report today most people will be expecting a good jobs number. If that turns out to be true then we could close out the week at new all time highs. Stay tuned and stay ready.

     

  • Market Direction Forecast for Tuesday April 29th Plus 3 stocks to watch for follow through

    daytraderockstar post

    posted by daytraderockstar

    Apr 28, 2014 4:52 pm

    The title says it all except you can follow these trades tomorrow on www.daytradingradio.com. Based mainly on the daily chart we are looking very good for tomorrow and I am giving it a 2 arrow up day. The video is a little longer but worth the watch also another great example of a lane divergence on the 1 min chart

    https://www.youtube.com/watch?v=nMkg-zjD5qk&feature=youtu.be

     

  • Monday After Hours

    briguy post

    posted by briguy

    Apr 28, 2014 2:59 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485

    Reminder: I'll be broadcasting music and news through the main channel, so mute or pause the other channels to avoid any echo.

  • Option Watch List 4.28.14

    posted by LearJet

    Apr 27, 2014 7:17 pm

    Click here to view this week's OptionsEdge watch list!

    Enjoy,

    -LJ

  • This Week's HPS Video and Special Tradeometer Tutorial

    daytraderockstar post

    posted by daytraderockstar

    Apr 25, 2014 8:39 pm

    First, let's get to the markets. Overhanging geo-political tensions feel like they helped push the markets down today. But, the key word here was helped as we were technically pushing up against the top channel line of the 1-2-3 pattern. The combination of the outside events just made the markets feel uncomfortable and going into the weekend I was holding off on the S&P etf trading I wanted to do today. Expecting a little more down side Monday but maybe just enough to take out Fridays lows. Lets see if any news breaks over the weekend that will give us a better read come Monday. I feel the larger pattern playing out is not a topping pattern and expect in the near future we take out the recent highs. But we might have to fulfill this new channel that is developing... More info in this weeks video

    Members can see this weeks HPS Video here

    Using the Tradeometer to trade the S&P500, $SPX, $SPY, or any associated ETF’s

    The Tradeometer is unique indicator I developed for the HPS Methodology. It is used in conjunction with 5 of the core indicators on a short time frame trading the S&P 500, ES mini and/or any related trading vehicle that tracks the SPX. The alerts are generated by tracking the multiple time frames of the $SPX and signaling a visual and audio alert when an overbought or oversold criteria met by the multiple time frames at the same time.

    Below is what you will see when you open up the pack

     

    A fast description on what is you get with the Tradeometer

    Trading Algo X is a 3rd party premium indicator from our partners at Trading Algo X

    Their proprietary algorithm performs analysis on the underlying 500 stocks of the S&P500 index in real-time, looking for topping and bottoming patterns in each stock. The aggregated results are displayed as real-time over-bought and over-sold oscillators, marking the high-probability reversal areas in the market with vocal alerts.

    The Breadtholizer is a gauge to measure Breadth, which is advances of a session minus the decliners.

    The Tickometer is similar to breadth, tick is a simple idea. Showing traders the number of stocks on the up-tick minus the stocks on the down tick. Uptick is observed if the last sale of the stock is higher than the previous sale, and vice versa for the downtick.

    This Lesson will be directed toward the Tradeometer

    This alert should be considered an indicator and used like one with the HPS Methodology a HPS tradeable zone is where 3 or more indicators line up at the same time.
    I give a constant class each day in the markets so you will see these areas outlined live on the chart.

    The Rules to keep you out of trouble:

    The Tradeometer is my favorite way to identify tradeable zones in the market related to the S&P.  I have back tested it enough to see the obvious results are staggering when the alert is combined with the trend or channel lines, volume profile areas (which are always identified on the chart in orange) market support and resistance areas which are also plotted on the chart.

    Any of those combinations of indicators are always an HPS Setup. I would consider the Tradeometer and channel or trend lines and the volume profile areas to be highest on my list personally.

    The Tradeometer is a timing tool that works best in an environment that has no news that could push the markets to a extreme bullish or bearish zone. These are where most automated trading systems that use a counter trend strategy start to fail.  The Tradeometer is not an auto pilot buy and sell signal. It is a confirmation or an additional HPS  indicator added to any of the other 5 indicators and should be used in conjunction with them.

    This is an entry and short term scalping tool for both longs and shorts. Exits are not identified and those depend on market environment and longer term outlook and chart. When I say longer term, I am still very short term, but 5 min chart will mostly be used to capture more of a extended move. More on exit strategies  later.

    The chart below shows how each buy alert was followed by a move. Each move varied in distance and follow through. Remember this chart because you will see this market reacts to those moving averages 20,50, and 200 time and time again. These moving averages will be key in your exit strategy.

    In each case, I only took the trade when the Tradeometer signals on the trend line. Each case will be different and in some cases the market will be pressured up or down past any alerts. If that pressure seems obvious or feels looming, then paper trade it and add it to your statistics and save that tums for the next time.

    I recorded a few videos explaining the Tradeometer in action This gives you a better feel for what to look for and the confidence I have in this alert. With an adjustment made on the overnight data was skewing the early morning alerts. The indicator is dialed in perfect for me now and will really use it going forward.

    This videos are unedited and raw but worth watching if you want to get ready for next week. The First video outlining the early buy signals seems to be corrupted and I had to delete it the videos pick up on the sell signal around noon.

    I would watch them from the YOUTUBE site for easier and larger screen options

    https://www.youtube.com/playlist?list=PLdfxZwtTuVSxHZe3NaCYcFVJcVCWzvyY4 They are the recent uploads

     

    The next video turned out to be a single alert not lining up with any other HPS indicators but it reacted in a positive way

     

    This one picks up right at the next alert and as you can see the previous on reacted but not as well as you would see if it was lined up with 2 or more HPS zones

     

    The last one is classic but a little longer.

     

    I want to add one last educational video I released on the Tradeometer some of you probably have already seen but want to add it here to complete this little series.

  • Market Radar for April 25th 2014

    daytraderockstar post

    posted by daytraderockstar

    Apr 24, 2014 8:34 pm

     

    We ended positive but not by much. This video shows you the potential 1-2-3- pattern that will set up if we break lower from here. Overall still crossed signals and no real HPS zone or set up so for record keeping purposes calling this a 1 arrow down day on Thursday. For information on the different signals and what they mean visit http://benefits.daytradingradio.com/marketradar/

  • Updated Watch List

    posted by LearJet

    Apr 24, 2014 1:46 pm

    Click here to view a few new setups from the OptionsEdge Watch List.

  • Thursday After Hours

    briguy post

    posted by briguy

    Apr 24, 2014 1:31 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    It's Movie Trailer Thursday. We'll also look at the Public Companies behind this weekend's films.

    Reminder: I'll be broadcasting music and news through the main channel, so mute or pause the other channels to avoid any echo.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485

  • Market Radar for Thursday April 24th. 2 Arrows Up

    daytraderockstar post

    posted by daytraderockstar

    Apr 23, 2014 8:30 pm

    With AAPL (Apples's) earnings putting a big pop in the NQ futures I have to look for the euphoria to hold us up tomorrow. We are approaching all time highs again and the daily stochastics still very bullish and 60 min time frame pulled back enough to give us more upside ahead. The big question is do we take out recent highs. 

     

  • Market Radar for April 22nd 2014 Slight Bearish Bias

    daytraderockstar post

    posted by daytraderockstar

    Apr 21, 2014 4:44 pm

    A slow day as a lot of markets still on Easter and Passover holiday, Tomorrow things should heat up again and even though I am expecting more upside I am not sure we hold the gains. Calling for a slight negative bias later in that day and overall 1 arrow down day. Market feels like its climbing that wall of worry again. This could easily continue as the rally's in the past flag averaged over 8 days.

     

  • Options Watch List 4.21.4

    posted by LearJet

    Apr 20, 2014 9:47 pm

    Click here to view this week's watch list!

     

    Enjoy,

    -LJ

  • AKAM late addition to watch list

    daytraderockstar post

    posted by daytraderockstar

    Apr 18, 2014 3:20 pm

    Doing some extra scanning today and came up a great opportunity, Most of the notes are on the chart so I won't retype them here except for to mention as I was doing some deeper research I found that most analyst reiterated there Buy rating or upgraded the stock since the beginning of 2014. One company Maxim covers the stock and they have a Buy rating and a 44 dollar target. This is or course back in 2013 and they have not yet updated there coverage of AKAM. So we should get a target raise on AKAM for at least one more analyst 

     

  • This Weeks HPS Watch List has been updated

    daytraderockstar post

    posted by daytraderockstar

    Apr 17, 2014 9:34 pm

    Market was definitely a wild ride this week and with all of the tension coming out of the Ukraine and even with IBM and GOOG falling short and falling down the markets moved up out of a perfect flag. The flag was so perfect in the way it was formed I had to go with the break out of the flag. We broke the flag to the upside leaving 1800 untested below us, and unless we see a definite failure in this latest move  there is actually a great chance we take out the recent highs. I will be watching for a cross back down on the stochastics on the daily time frame to measure that failure. 

    The watch list is lighter this week because I have been focused on more shorter term trades. I would like to continue that next week and have made some adjustments to the Tradeometer to time those trades. Lets look deeper into the Tradeometer and the indicator pack.

    The Tradeometer is unique indicator I developed for the HPS Methodology. It is used in conjunction with 5 of the core indicators on a short time frame trading the S&P 500, ES mini and/or any related trading vehicle that tracks the SPX. The alerts are generated by tracking the multiple time frames of the $SPX and signaling a visual and audio alert when an overbought or oversold criteria met by the multiple time frames at the same time. Below is what you will see when you open up the pack.

    A fast description on what is you get with the tradeometer

    Trading Algo X is a 3rd party premium indicator from our partners at Trading Algo X Their proprietary algorithm performs analysis on the underlying 500 stocks of the S&P500 index in real-time, looking for topping and bottoming patterns in each stock. The aggregated results are displayed as real-time over-bought and over-sold oscillators, marking the high-probability reversal areas in the market with vocal alerts.

    The Breadtholizer is a gauge to measure Breadth which is  advancers of a session minus the decliners.

    The Tickometer is similar to breadth, tick is a simple idea, showing traders the number of stocks on the up-tick minus the stocks on the down tick. Uptick is observed if the last sale of the stock is higher than the previous sale, and vice versa for the downtick. This Lesson will be directed toward the Tradeometer This alert should be considered a indicator and used like one. and with the HPS Methodology a HPS tradeable zone is where 3 or more indicators line up at the same time. I give a constant class each day in the markets so you will see these areas outlined live on the chart.

    The Rules to keep you out of trouble:

    The Tradeometer is my favorite way to identify tradeable zones in the market especially related to the S&P, But I have back tested it enough to see the obvious results are staggering when the alert is combined with the Trend or channel lines, Volume Profile areas (Which are always identified on the chart) Market support and resistance areas which are also plotted on the chart.

    Any of those combinations of indicators are always a HPS Setup. But I would consider the Tradeometer and Channel or Trend lines and the Volume Profile areas to be highest on my list personally.

    The Tradeometer is timing tool and works best in an environment that has no news that could push the markets to a extreme bullish or bearish zone. These are where most automated trading systems that use a counter trend strategy start to fail.  The Tradeometer is not an auto pilot buy and sell signal, it is a confirmation or an additional HPS  indicator added to any of the other 5 indicators and should be used in conjunction with them.

    This is an entry and short term scalping tool  for both longs and shorts. Exits will not identified and those depend on market environment and longer term outlook and chart..and when i mean longer term I a still very short term but 5 min chart will mostly be used to capture more of a extended move. 

    The Chart below shows how each buy alert was followed by a move but each move varied in distance and follow through. Remember this chart because you will see this market reacts to those moving averages 20,50, and 200 time and time again. These moving averages will be key in your exit strategy.

    In each case I only took the trade  when the Tradeometer signals on the trend line. Each case will be different and in some cases the market will be pressured up or down past any alerts. If that pressure seems obvious or feels looming then paper trade it and add it to your statistics and save that tums for the next time.

    Just noticed on my chart i renamed the Algo x to Algo z. I don't know why LOL But its Algo X and you get it with the IPack and it makes a great signal with the Tradeometer at level 6-7.

    I will be updating more about this in the future so stay tuned and watch the show early next week as I will be taking some trades off the Ipack but I will be following my guide lines posted above

    This weeks Watch List Video can be viewed here

    Have a Happy Easter/Passover

    DTRS

  • Thursday After Hours

    briguy post

    posted by briguy

    Apr 17, 2014 5:39 pm

    Briguy's Breaking Briefs (DTR1, 5:00pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    It's Movie Trailer Thursday. We'll also look at the Public Companies behind this weekend's films.

    Reminder: I'll be broadcasting music and news through the main channel, so mute or pause the other channels to avoid any echo.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485

  • Great Channels going into next week and early look at HPS

    daytraderockstar post

    posted by daytraderockstar

    Apr 17, 2014 2:33 pm

  • Market Radar for April 17th, 2014 1 Arrow Down

    daytraderockstar post

    posted by daytraderockstar

    Apr 16, 2014 11:05 pm

    Sorry this is late. The Google earnings miss and getting a chance to check the futures later in the night, as of right now, we are trading lower buy 3 on the S&P and 4 and change in the Nasdaq, I am slightly bearish going into tomorrow. The litmus test of the markets will be the reaction to the Google earnings miss and IBM drop in after hours. Any reversal higher and being able to sustain it, will be extremely bullish and would take my SPXU off most likely.

     

  • Market Radar for April 16th, 2014 Two Arrows Up Day

    daytraderockstar post

    posted by daytraderockstar

    Apr 15, 2014 6:13 pm

       An impressive rally at the end of the day shows that in face of what was thought to be a major event escalating into a more major event, the market seems to not care. Maybe we should put more weight in the developments coming out of Japan and China. China releases it's growth data tomorrow and there is speculation that expectations for large-scale stimulus may not be in place and there could be smaller measures instead. How will the market react to this?

    In any case, these events continue to hang over the market like a ominous anvil shaped cumulonimbus. If we had a less volatile environment, I would consider a three up arrow day for Wednesday, but because of these risks, I will put at a two green arrow up day. The daily stochastics are perfect and the 60 just crossed back higher. Plus, the overall pattern is for right now setting up like a text book continuation flag in a larger uptrend. 

     

  • Tuesday After Hours (5PM)

    briguy post

    posted by briguy

    Apr 15, 2014 3:10 pm

    Briguy's Breaking Briefs (DTR1, 5:00pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485

    Reminder: I'll be broadcasting music and news through the main channel, so mute or pause the other channels to avoid any echo.

  • Market Radar for Tuesday April 15th, 2014

    daytraderockstar post

    posted by daytraderockstar

    Apr 14, 2014 5:27 pm

    Tuesdays comes in with the markets making a interesting move in the last 30 min. This puts us oversold on the 5 min time frame starting the day off tomorrow. I really put no weight in this even though it looks to be a repeat of last weeks similar pattern. You can see the chart below.

     

     

    As I mentioned in this weekend's watchlist video, I want to start trading off the indicator pack and HPS zones. I will do my best to recap any setups during the day. You can also do some of your own back testing by taking the real time statistics and logs and plotting it on the chart to see how an alert worked out. This could help in developing a risk management strategy.

     

  • Option Watch List 4.14.14

    posted by LearJet

    Apr 13, 2014 5:04 pm

    Click here to view this weeks OptionsEdge Watch List!

    Enjoy.

  • Next Weeks HPS Video and Trading the $SPX using the indicator pack

    daytraderockstar post

    posted by daytraderockstar

    Apr 11, 2014 9:25 pm

    Both Video's below really go into detail on what I am expecting from here. Overall this current move down will soon trigger another stampede in the high beta stocks that have been recently seeing a mini correction. This mini correction is not done in my opinion but to throw out a scenario I expect a down Monday and stock getting a little market memory lift maybe towards the end of the session. This all sets us up for another yes another turn-a-round Tuesday. 

    I will really be focusing on a lot more scalps next week and going forward. The first  video outlines a text book trade I want to continue to find and trade in the market. Its a HPS set up and I take it whenever i see it setting up. This in combination with the indicator pack alerts I will focus on every set up and trade the best ones. I want to really be able to take only the Pure HPS zones that combine the 5 indicators and the alerts from the Tradeometer and Algo X. The plan is  to trade either the SPXU, SSO, SPY UPRO or any other S&P tracker with a entry only at HPS zones and out of danger of news events and areas we usually see more volatility at open and last 30 min to an hour. So basically looking to trade between 10:15- 3:00pm. just another note: Quality stocks will be considered also to trade but it have to have a short time frame HPS confluence happening.

    I also want to show how you can do this with a small account and build it over time using this strategy . So I opened another Suretrader account to track the progress. (If you use them be sure to tell them your part of DTR You get 20 free trades and 1month of there Pro Das) I Thought about the amount to start with and even though I want to start really small cause you get 6 to 1 margin. I am being more realistic and starting with $5,000. This will give me up to 30K to work the strategy. I can only effectively do this strategy with under 25K using SureTrader as there jurisdiction falls outside the SEC and Finra Pattern Day Trading Rule.

    My Goal in this?, To improve my discipline and lock myself into testing HPS method and indicator pack. It works so i want to use it and show it works. I am going to do another bigger write up on this later in the weekend to detail my rules of the trade. 

    This video is a live example of the setups I want to trade there are many combinations but this one is one you see a lot in the markets.

     

     

     

     

    and the next Video is the HPS Watch List I have 2 best Bets and a Great watch List this is  Enjoy 

    Watch Video Here!!

    Have a Great Weekend

    DTRS

  • Market Radar for April 11th 2014 Continued Downside Bias

    daytraderockstar post

    posted by daytraderockstar

    Apr 10, 2014 4:29 pm

    Basically the daily is trumping the 60 min time frame, the 60 min has been very reliable but there will be times when there is more extreme follow through in this case selling  and those time frames will get embedded and will not forecast a move. I believe this is the case for tomorrow. 1 Red Arrow 

     

  • Thursday After Hours

    briguy post

    posted by briguy

    Apr 10, 2014 2:26 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    It's Movie Trailer Thursday. We'll also look at the Public Companies behind this weekend's films.

    ==================
    Also tonight (7pm), Special Guest Courtney Kurisko, Trader's Accountant, will stop by to discuss the new Net Investment Income Tax and how it affects traders.  She'll also answer our questions about Mark-to-Market elections and other trader-specific tax and accounting issues.

    If you have questions, send them into the show via the methods below. We'll do our best to get to them all.
    ==================

    During show, you can reach me at:

    Twitter: @briguytrading | @BreakingBriefs

    Email briguy@daytradingradio.com  

    Text: 908-583-0485

  • Market Radar for April 10th 2014 - Slight Bearish Bias

    daytraderockstar post

    posted by daytraderockstar

    Apr 09, 2014 5:46 pm

    Thursday sets us up for an early morning follow through. At which point I will be looking to lock in some profits on some longs and then take a more cautious look into the late morning early afternoon session. Overall, I think we run out of "bounce steam" at one point tomorrow and could end flat to negative. No big signals and would not bet the farm on it.  We have a "x" marks the spot zone above us to keep tabs on but don't think we will get there.

    Here is a site that will feed the Market Radar video each day and has the key to the signals you will see here. You will also receive it here each evening after the close

    http://benefits.daytradingradio.com/marketradar/


     

    DayTraderRockStar

  • Market Radar for April 9th, 2014 - Slight Upside Continuation

    daytraderockstar post

    posted by daytraderockstar

    Apr 08, 2014 4:36 pm

    Here is Wednesday's Market Radar video. Tuesday's upside call played out nice and I am still focused on the 60 min time frame. Overall markets are looking more stable but want to watch the 60 min stochastics for a failure. On Wednesday, we have a possible market moving event the FOMC minutes will be released at 2pm est 

    Wednesday's signal is 1 green arrow. I'm looking for continuation higher, but nothing extreme in front of the minutes.

    http://youtu.be/SFuHFnxfDTI

     

  • Tuesday After Hours

    briguy post

    posted by briguy

    Apr 08, 2014 4:27 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485

    Reminder: I'll be broadcasting music and news through the main channel, so mute or pause the other channels to avoid any echo.

  • "Market Radar" Returns to Daytradingradio.com

    daytraderockstar post

    posted by daytraderockstar

    Apr 07, 2014 9:07 pm

    Market Radar is an old feature that I will be bringing back to Day Trading Radio. It will consist of a market call on specific days where I see a convergence of important indicators that are followed at DTR. This alert will be released on a need to know basis.  So, if I see a potential for a high probability move up or down or even if we have a very uncertain situation playing out, I will do my best to post the update here.

    The alert will come in 7 different types outlined below

    If you're a follower of Day Trading Radio, you know that I work with a duel stochastic indicator that times the futures with incredible accuracy. I also use a methodology called High probability Setups (HPS) that consist of pattern recognition, trend lines, short and longer time frame stochastics. I also take into consideration certain candle sticks combined with volume. All of this can be used across different trading vehicles. This signal released will be based on the S&P 500. 


    Here is what you will be seeing..

    This one up green arrow represents a slight bias to the upside. This represents at least one indicator lining up to the buy side. It's a lower probability set up.


    This is just the opposite but a bias to the downside


    This two up green arrow represents a set up with at least two indicators lining up with a buy signal. These signals need to be weighted with current market sentiment and if there is any positive momentum to the markets to give this a higher probability signal.


    NOTE: Momentum plays an important part in markets. In a trending market, we experience consolidation days and short term down moves these signals will only be released under the optimal conditions


    Opposite to the upside signal,but usually momentum and signals confirming a move lower.


    A three arrow up signal will be the strongest signal. This takes into account various conditions which I will detail on the site dedicated to the key to the market radar. But for now, it represents a multiple indicator set up based on multiple time frames, pattern recognition and at least 3 indicators converging in a buy signal.


    NOTE: Timing the markets is hard when you try to time a bottom or a top. These periods could play out over multiple days. Momentum in the direction of a trade adds a lot to the signal and will be added to the equation. There will be times when a signal will go out and the markets will go into a consolidation period that could last a couple days as the markets puts in a bottom or a top. That signal will stay active in those periods or if signal changes.


    Opposite of the 3 Arrow up signal


    If the market is not trending or uncertain, it's easy to over trade and get chopped up. Discipline in knowing when to protect capital is the most important factor to self preservation in the markets. You don't have to trade every day. Caution is a signal when the markets are unstable and the future is uncertain. This signal appears when there is over hanging news that is disrupting the normal flow and causing the markets to give false signals. Remember, there isn't any wrong signal the markets are always right. But, if there is something that is moving the markets out of it's normal boundaries and signals start to fail, then we have to be ultra cautious and cut back on both trading and size. I am a big proponent of trading small. In this current environment. I like to test the waters with smaller entries and when the market gets back into a "rhythm" then it's time to make the money.


    Here is Tomorrow Forecast Video.

     


    DayTraderRockStar

  • Monday After Hours

    briguy post

    posted by briguy

    Apr 07, 2014 3:10 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    During show, you can reach me at:

    Twitter: @briguytrading

    Email briguy@daytradingradio.com  

    Text: 908-583-0485

    Reminder: I'll be broadcasting music and news through the main channel, so mute or pause the other channels to avoid any echo.

  • Option Watch List 4.7.14

    posted by LearJet

    Apr 06, 2014 8:24 pm

    Click here to view this weeks Options Edge Video Watch List!

     

    Enjoy!

  • This Week's HPS Video and Market Outlook is it time to correct?

    daytraderockstar post

    posted by daytraderockstar

    Apr 04, 2014 7:10 pm

    Fridays for me are spend going through hundreds of charts and during this research session I try to keep a close eye on the markets and take any trades that might be setting up for next week. Well what a day to be on the other side of the mic! The Nasdaq just got pummeled down over 100 points and the Dow and S&P also put in some negative candles.

    Going into this morning I thought there was a good chance to sell the news (Jobs Report) and the market did just that. The markets did sell, and did it in a way that leads me to believe we have some more downside. Here are some important keys to today's action.

    1. The $SPX (S&P) traded higher then yesterdays highs which is also a new all time high, then closed lower then yesterdays low making the candle a bearish outside (engulfing pattern) 

    2. The Engulfing pattern happened when we were overbought on the daily..This is the criteria I use for a true reversal I want to have a overbought or oversold reading when the candle is formed.

    3.  Volume was higher on this then the previous 3 days.

    4. The key takeaway here is the crossover on the daily stochastics and the the large area underneath us that can be tested and still keep this market technically sound.

    On a positive note for Monday we got oversold quickly on the 60 min time frame based on the stochastics oscillator and this has been a very reliable signal for a short term move up.

    So that's the outlook for early next week, Looking for very short term recovery possibly into Tuesday and then watch how far we get on any bounce and look for that failure that should lead to some further downside.

    1800 on the S&P is definitely a possibility down the road.

    I put out a early watch list during the day and a more focused watch list of some scalps I will be taking early in the week both can be found here. I go back over some key charts in both video's so you might have some duplicate info if time is an issue then watch the second one down on the page.

    One last note:

    The hardest thing to do is call a top ..even though this look like a great combination of bearish signals this market has proven the bears wrong time and time again when it comes to calling a correction (7%-10%)

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