After a fairly tumultuous week we are seeing more of the same. We did however warn you earlier in the month that we expected a bounce to come from lower levels on the S&P500 and it has arrived with the market bouncing from 1200.
We are starting to get into a fantastic rhythm with this market now and our results will definitely reflect that.
I guess the question on everyones mind is will we push through 1300 and see a return of the critically injured bull? I think not. I firmly believe we are in a strong bear market, and as history tells us we should be expecting these strong bear market rallies where everyone gets aggressive the short side. You only need one spark of positive news and a rally and its like pouring petrol on an embering fire.
Be prepared for the big rallies and look back at your charts from 2000 as I anticipate we will see similar action moving forward. Dont get fixated on the short side of the market as those big up days will slap you like an angry girlfriend if you are too aggressive to the short side.
Little Jimmy is crowing again, riding the emotional roller-coaster that is this bear market. I expect you will hear shortly from our trading apprentice.
Some information on Today
Our recent retest of the prior lows has proved to be a solid run for the bulls with the Dow up more than 450 points the past two sessions. The Dow added 186.13 points Wednesday to close the session at 11,583.69. The S&P 500 gained 21.06 points to 1,284.26. The Nasdaq tacked on 10.10 points to 2,329.72. Volume was moderate on the session with 1.47 billion shares traded on the NYSE and 2.27 billion shares exchanged on the Naz. Market breadth was positive by a 21-to-15 and 16-to-13 margin on the Big Board and Naz respectively
The big news for the markets during the past week has been the flurry of buying taking place in the financials sector. Stocks in the sector have experienced a rally of nearly 30% off their recent lows, mainly due to some better than expected earnings announcements from of the major hitters.
Obviously also spurred on by the crutch provided by the federal government, which made it known that it wouldnt allow ailing lenders Fannie Mae (FNM) and Freddie Mac (FRE) to go down in flames. I hope that aid is extended to all distressed business owners, unbelievable.
Add to that the Securities and Exchange Commissions (SEC) decision to freeze so called naked short selling in 19 top financial institutions including Fannie and Freddie and we have our fuel for the bulls fire. Now we will have to see if gains can continue heading into Fridays key employment report.
Happy trading.
Shane
TradeWinr 0 Comments
Hi Members,
Just a recap on the week so far not including todays results. We have had some good feedback after the horror week on the Dow last week we have bounced back with 2 solid returns. We pride our whole business on having the best outlook for the Dow forecast so we are thrilled to be back on track. We have had some conflicting trade signals for the S@P Intraday and Swing trades so we have only posted the high probability trades until the signals are clear cut. Once the next oil data is out we should see either massive dive or climb up the bulls ladder. Be careful on your stops near the next oil announcement may even be wise to take your trades off just before the news and get back in once it has settled down. Here is a snap shot of the week so far. Also Jimmy has his latest blog finished and has some interesting points about emotion free trading that he has learned.
Luke
| Markets Traded | Week of July 18th 2008 |
| The Dow Daily prediction | $5,020 |
| S&P 500 Swing trade | -$1,737 |
| The Dax Swing trade | -$5,904 |
| S&P 500 Intraday trades | $238 |
| EUR/USD | Open trade |
0 Comments
Hi Traders,
The Dow continued to sell off yesterday after a bounce at the key level of 11400 which it has failed to penetrate in the last couple of attempts. We have had 3 losing nights in a row on the Dow which is very rare so we will be doing triple the research tonight and should have a winning night for members.
The Dax has followed the Dow in its free-fall late at the close yesterday which we had a loss on too. The currency trades were mostly winners and here is how the currency trades went last night. There are over 300 members who are just following the currency trades so I will endeavor to put the results on this blog after each session. We will be trading the
Luke
| Markets Traded | Wednesday 9th July 2008 |
| EUR/USD | -$ 1,380 |
| GBP/JPY | $ 340 |
| GBP/USD | $ 1,070 |
| AUD/USD | $ 660 |
| Total | $ 690 |
Training the Trader, Edition 3
Members there have been some interesting developments in young Jimmys trading experience this week. You may remember Jimmy have that $20,000 week a few weeks ago? Well he decided to keep most of the money in his trading account and only take out enough to get his scooter back off the pawnbrokers and also some extra rent money to maybe move out of his parents flat. This plan maybe stalled at least until he gets a few more winning Months under his belt as the market has knocked his profits around a bit this week.
He had his first taste of some losing trades in a row last night and a few days earlier. Judging by his emotional reaction to the unfortunate results we have decided to put him through a course to help with this. I am sure that all traders first experience the emotional ups and downs when you first start trading a live account. He will be reading the well known emotion free trading book and then give us all a report on what he thinks of the book and how it will affect his trading. I am looking forward to his thoughts and will see first hand if he changes his trading or more importantly his reaction after a loss or a win.
One of the funny moments this week was Jimmy ringing our broker and asking for 250, S@P 500 longs. Instead of one large S@P 500 (which has a value of $250). Thank god the broker called us first to clarify that we didnt want 250 Emini contracts an hour before the news. He now has to check with us in a practice phone call before he calls the broker.
Stay tuned for Edition 4
Hi Traders,
We got absolutely smashed last night and it is just another example of this volatile market flexing its muscles in the choppy ranges it threw at us. We still have one open S@P 500 trade which is a winner but apart from that we had four losers. So we will be back up and at the trading desk for the open of the Dax this afternoon and will be trading that for the first 2 hours. We will then be trading the
Luke
| Markets Traded | Tuesday 8th July 2008 Profit/Loss |
| The Dow Daily prediction | -$ 4,380 |
| S&P 500 Swing trade | -$975 |
| The Dax Swing trade | -$ 4,059 + Open Trade |
| S&P 500 Intraday trades | No Trades |
| EUR/USD | $ Open Trade |
| Total | - $ 9,414 |
We have had a number of members ask for some more currency trades over the past fortnight. We are now able to provide these signals as they present themselves during the
| Markets Traded | Monday 7th July 2008 Profit/Loss |
| The Dow Daily prediction | -$ 720 |
| S&P 500 Swing trade | -$1,050 |
| The Dax Swing trade | $1,804 |
| S&P 500 Intraday trades | No Trades |
| EUR/USD | $160 |
| USDCHF | $350 |
| GBPJPY | $1,630 |
| Total | $2,174.00 |
Results for financial year.
You might find this interesting to read if you are or are not current members with tradewinr. Below is an outline of the results tradewinr has produced over the last financial year, July 1st 2007 to June 30th 2008. We have recently had a member send in his results after trading with our signals interface over the past 10 months. He is a terrific guy and very enthusiastic about trading and often provides some helpful hints which we have taken on board in our trading life.
After seeing his results that were from using our signals I thought it would be a good idea if I showed you what results you could have if you took every trade we provided over the 2007-08 financial year. This information is readily available on our market calendar too if you would like to see details of each individual trade. www.tradewinr.com/calendar
I would love to hear how many members got close to these figures and how you found the change from the e-mail system to the live interface signals area. For members that have joined over the past 3 Months I would really appreciate it if you could let me know your thoughts on the live signals area. Enjoy the trading day.
| Markets Traded | 1st July 2007 / June 30th 2008 Profit/Loss |
| The Dow Daily prediction | $148,590 |
| S&P 500 Swing trade | $46,785 |
| The Dax Swing trade | $136,798 |
| S&P 500 Intraday trades | $33,835 |
| EUR/USD (Jan 2008 Start) | $25,860 |
| Financial Year Total | $391,868 |
Jimmys Blog - Dairy Entry 2
Hi Guys,
Just thought I would share my last week of trading with you, well
I have arrived.
I know its only early days yet but come on $20,000 last week, whos the man?. I feel like a walking money making machine. Great result for the week feeling absolutely fantastic. Should be able to get my scooter out from the pawnbrokers, but thats another story.
Tried to explain my trading results to Pop last night and he reckons I am doing something illegal.
Well we just need to keep the coin rolling, and I will be moving out of the parents basement.
Later
Training the Trader, Edition 2
Jimmy has had a great week this week and is buzzing around the office. He hasnt missed the opening bell so far this week and has had a few winners which are keeping him smiling. He had a simple task of following the trading signals just like our members last week. He has managed to follow the signals to perfection and also make $20,000 minus the commissions. I think that is a great week and a good opportunity to roll the profit over and increase his tiny account size.
Like all young traders he is already putting up pictures of expensive sports cars on his desktop and buying new clothes etc. Seems to be the way to go when you first start trading and have a good week, you just want to take it out of the account and spend it. This is definitely not the way to go, particularly when you first start trading. However I can only give advice and lead the horse to the water.
If there are any traders out there that have a profitable trading history, you understand what I am saying that it is best to roll over your profits and keep increasing your account size. It seems that Jimmy doesnt see the point I am trying to make so he will have to learn the hard way.
This morning he bounced into work and made his morning coffee blowing his own trumpet about his $20K week. Shortly after printing out a glossy colour print of a new Red Lamborghini he spilt his coffee all over his keyboard, so he will be a little late on his blog update today. Hilarious start to the day and hopefully his blog will reflect that he has had a think over night and wont draw down the entire profit he made last week.
Stay tuned for edition 3 later in the week
Just a quick update on our first day of the Month, we had 4 out of 5 markets end up being winners for the 1st July. That is exactly what we were looking for being the first day of the new financial year. To all the members who have been following great work and thank you for the kind words it is much appreciated and it keeps us motivated to continue our profitable trades. Here are the trades from the July 1st 2008. Tonight should be interesting with some suspect news events.
| Markets Traded | 1st July 2008 Profit/Loss |
| The Dow Daily prediction | -$2,260 |
| S&P 500 Swing trade | $1,275 |
| The Dax Swing trade | $5,412 |
| S&P 500 Intraday trades | $512.50 |
| EUR/USD | $1,140 |
| Daily Total | $6,079.50 |
