Today I look only at the SPY and VIX chart, but I forecast two potential scenarios in the market, that both lead to a higher (lower volume) ending day (0.5-1%) for tuesdays trade. The first is a small gap higher due to the amateurish action that happened in the last 20 minutes of trading and then a sustained low volume increase until the end of the day, potentially forming a doji green candle. The second is a continued sell off lower to hit the 88.20 level in which we will reverse mid day and end the day potentially flat or slightly positive. I hope you take my words of advice that I put out on this video because it is extremely important in order to become a good trader!
Duration : 0:10:20
[youtube la64HEJf4UU]
March 26th, 2010 at 12:13 pm
I was thinking that …
I was thinking that if SP500 can’t hold the 50dayMA that nothing would catch it until it tests March lows (675-700).
March 26th, 2010 at 12:13 pm
nice one ,
cheers !
nice one ,
cheers !
March 26th, 2010 at 12:13 pm
Thank you so much …
Thank you so much for your posts on Friday. I made back some money today
March 26th, 2010 at 12:13 pm
i like just trading …
i like just trading the USO… if you are bullish oil.. or OIH the companies related to drilling… I am bearish on oil until the market bottoms….. now we don’t know where that is.. but probably somewhere in the low-mid 800s on the S&P.
March 26th, 2010 at 12:13 pm
what way would you …
what way would you suggest is the best to expose myself to oil (besides jumping into it haha), by best I mean most profitable, but i guess there are differences in terms of short term and long term, such as leveraged ETFs etc.?
Can you give a tip for long term and short term?
Thanks, great vids.
March 26th, 2010 at 12:13 pm
very nice Idan
very nice Idan
March 26th, 2010 at 12:13 pm
well i don’t think …
well i don’t think oil is going to fall much below 60$.. maybe around 55$.. i think owning some oil around 50s is always good.. no matter what..
March 26th, 2010 at 12:13 pm
You were right …
You were right about commodities falling, I guess it’s inherent with a falling market which is kind of silly because shouldn’t the dollar, since it’s fiat, represent our economy? So if the markets are declining, why is the dollar going up?
Is there a way to short the market, and also hedge against inflation of the dollar? (I’m talking long term shorts)
I guess options are limited for the short term since ppl who bought stocks with dlrs must sell them for dlrs and can’t pick euros or w/e.
March 26th, 2010 at 12:13 pm
we are building a …
we are building a subscription site with 5-6 traders that you can watch trade live.. but it will only be ready in early august.
March 26th, 2010 at 12:13 pm
how can we listen …
how can we listen to you live
March 26th, 2010 at 12:13 pm
good call
good call
March 26th, 2010 at 12:13 pm
This really helps …
This really helps me make a more informed trading decision.
Thank You