Archive for September, 2009

Market Club Alerts

By trader7757, 15 September, 2009, No Comment

In case you’ve been sleeping on MarketClub, then here is another reason why I’m a huge fan…their notification tool titled Alerts. This email alert system gives you the ability to stay on top of the Trade Triangles as well as 18 other breakout patterns! Brad Stafford just produced a video that digs deep into the Alerts as only someone on the inside could:

http://www.ino.com/info/444/CD3257/&dp=0&l=0&campaignid=3

The video will cost you nothing is should be enjoyed by all!

David Adams

Learn the Basics at FREE INO

By trader7757, 15 September, 2009, 1 Comment

If you have read my blog for any period of time you know that I stress training and reading to develop a solid foundation for your trading. While I may be a little overboard in my non-stop reading, my general observation is that most novice traders, and no small amount mildly experienced traders have learned to trade some, but lack the requisite foundation to be a super trader.

Note: I do not consider myself anywhere near a supertrader, just very experienced.

Anyway, INO-TV offers a free, I SAID FREE, set of videos for you to watch, and they are just excellent. I seem to absorb information very readily from videos and these videos are packed with information.


Check out the videos, it will be some of the best money you didn’t spend.

Deflation? Inflation? You decide

By trader7757, 15 September, 2009, 1 Comment

Yellen commented on the bifurcation of views about inflation that has emerged lately, saying that “in my career, I have never witnessed a situation like the one that exists now, when views about inflation risks have coalesced into two diametrically opposed camps.”

She placed herself in the camp that worries more about falling, rather than accelerating, prices. “My personal belief is that the more significant threat to price stability over the next several years stems from the disinflationary forces unleashed by the enormous slack in the economy,” she said.

ES Emini:Daily Pivot S1 S2 R1 R2

By trader7757, 15 September, 2009, No Comment
ESZ9
For 09/15/2009

How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1054.25 1060.50 1043.50 1037.25 1026.50

Fed Announcements and Other Important Information

Retail Sales
[Report][Star]
8:30 AM ET
Redbook
[Report][Bullet
8:55 AM ET

Ben Bernanke Speaks
10:00 AM ET

Should be a day loaded with all sorts of potential surprises, culminating with Bernanke speaking at 10 a.m.   I would be mindful, early on, of the potential volatility in the market as it digests a wide range of economic data.  Of course, the question on everyone’s mind is a simple one, where are we in this recession?
In the early going, the consumer spending numbers have been pretty positive.