Stock Trading

Stock Market Trading And Analysis for 07/23/2008

24 Comments

What an fantastic day of profitability and analysis and there’s a lot more coming up! We were looking for it and we got it! Thisvideo series is geared towards Investors, Swing Traders, and ultimately Day Traders who want to be armed with key observations for the upcoming major market move that will be happening shortly! Remember: You will consistently hear me reference previous videos during my nightly presentation. That’s because each new video builds upon the last as we demonstrate real world trading and investment analysis. Take the time to review all of our videos to expand your market awareness! You’re welcome to subscribe to our videos to keep up to date on the latest market analysis and techniques. Over 700+ of your fellow traders have done just that. If you want to be armed with the same education as them, subscribe. Don’t worry, we in no way shape or form, spam our subscribers. You become like family to us! Important disclaimer and reminder for all Traders and Investors! These videos are for educational purposes only. Equities, Futures, Options, and Currency Trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Absolutely do not trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell equities, futures or options. No representation is being made that any account will or is likely to …

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24 thoughts on “Stock Market Trading And Analysis for 07/23/2008”

  1. Hi there Var!,

    Thank you for sharing and that’s fantastic to hear! I’m very glad my work here is benefiting you! Keep it up!

    Regards and good trading!,

    SnP

  2. SnP
    I’ve been watching your videos for about a week now, and decided to finally pull the trigger following your levels today.
    I am damn glad I did, I made the highest amount of profit since I began trading 3 months ago.
    Keep up the great work!

  3. Hi there Mighty!

    If you’re referring to the Mentoring one on 07/19/2008 I found it!

    I’m catching up pretty well with only about 148 backlogged ones to go and keeping up pretty well with new ones!

    I’ll get to this at a slow point this morning or right after the market closes! Thanks for being patient!

    Regards and good trading in the meantime!,

    SnP

  4. Hi there CA!,

    Some MA’s will be in my FAQ section on my website I’m trying to finish off.

    Once again though, please remember, you can use every indicator I have on every chart I have on the board, and still screw it up if you don’t focus on their proper usage and the psychological factors.

    I have to say that, certainly not to be mean, but to keep people on the right track to really be successful for the long-term, not just a quick win trade.

    Regards and good trading!,

    SnP

  5. Hi there Oceanview!,

    Thank you for such a nice note! Just remember my friend, I know everyone loves my S&R levels because they work so well, but please never lose sight of my thoughts on the psychological aspects of trading! That’s what will keep you in the game for the long-term! I’m glad you’re here!

    Regards and good trading!,

    SnP

  6. Hi JoJo,

    Listen, please don’t get hung up on that rule. People are spending way more time hyping it than doing what they should be doing, which is trading! That is what you really need to hear!

    Regards and good trading!,

    SnP

  7. Hi there Gabriel!,

    Thank you for your awesome note! It is a strong reminder of why I’m here and how this effort on my part is making a difference for many good people out there! Thank you for sharing your thoughts!

    Regards and continued good learning!,

    SnP

  9. Snp

    Good morning,, I have sent you emails under the name tronster@……with some questions,, I know you must be back logged, but I want to make sure you have received them, please respond when you get a chance..

    Best wishes

    thansk you

  10. I couldn’t find where you talked about the moving averages that you use. I want to setup the moving averages the same way. What are they? (periods used, simple vs. exponential) Thanks in advance. Let us know when you site is ready.

  11. SnP 500……… your a deep Keel and a strong mast in stormy unforgiving waters.
    I look forward to your analysis each day. I watch your postings prior to the start of my trading day. I especially like Key resistance & support areas.

  12. Can you comment on this “emergency Short sale rule” that went into effect Monday. Is it supposed to be lifted by this Fiday? Can this effect this amazing rally and keep the
    downtrend intact or ?

  13. SnP, congratulations on another great succesful analysis. I have learned more from you in the past month than from anyone or anything else. I feel like my eyes are finally opening; I used to see charts and tried to make some sense, but all appeared garbled and I forced myself to see things that were not really there, now, after watching your videos and listening several times to your explanations, charts start to make sense and things pop out from them without much effort. Thanks for sharing.

  14. thanks snp. You are amazing to listen to. I look forward to your analysis each day. I especially like it when you let us know which areas you traded. It really helps to tie it all together for me.
    thanks again
    mike

  15. Hi there John!,

    It definitely was great trading today! Thanmk you very much for your great note and enthusiasm as always!

    Regards and great trading to you as well John!,

    SnP

  16. Hi there Richard!,

    Actually, a longer term formation will be far more meaningful that a short-term one. For instance, go back over the last two weeks where I show the Monthly chart of the $SPX and note the multi year double top that has worked very well! So don’t discount much longer long-term patterns!

    Regards and continued good learning!,

    SnP

  17. Hi there Shad0an!,

    Thank you very much! I appreciate your nice note, and I’m glad you love watching!

    Regards and good trading!,

    SnP

  18. Hi there VM!,

    Thank you regarding the vid! For the long-term, knowing to walk away when you’re off was a much better success story today versus “fighting it” and making a nice trade. Nice job! Trust me, there will be many more opportunities right around the corner!

    Regards and good trading!,

    SnP

  19. Hi there Steve!,

    Thank you very much! You’re absolutely right…. Things worked out very well once again!

    Regards and good trading!,

    SnP

  20. Love the video as always SnP. I’m glad we jumped out of that coil finally! My anxiety was about coiled to the max for the past couple days. Finally released it today. Keep up the great work and
    GREAT TRADING!

    John

  21. You talked about technical analysis and the indices. I’m haunted by the massive, 18 month huge head & shoulders over the Dow (and some other indices), leading me to think Dow 10,000 is inevitable. Is it possible that a head & shoulders pattern is not a good indicator if it takes that long to form? In other words, is a three or six month head and shoulders pattern more reliable than an eighteen month one? Thanks for the great videos!!!!!!

  22. Great stuff here. I love your emotionless, quantitative approach. It is so simple: find support and resistance, define what a break-out or break-down is (the two bar system), and only trade when the light is bright green (i.e. when there is a strong profit potential and not in a congested area).

    Keep up the great work! I love watching

  23. I was done before the giant short squeeze today but that’s okay! I was off my mental game this session but still ended moderately in the black.

    Being able to strip away the ego, along with having the capacity to understand yourself enough to not trade when u r psychologically sub par, for whatever reason, is a skill not easily attainted by even the best of traders. My victory today, unlike others, was not from catching the run, but rather knowing how to let it go and walk away. Great vid

  24. SnP!!!! We made it right to your target yet again – bad news and all! How friggen cool is that?!?

    Absolutely awesome analysis SnP!!!

    I totally love this stuff!!!

    Steve

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