Stock Market Trading And Analysis for 08/07/2008

With the 11700 Dow level upon us, and the dust clearing from the FOMC meeting, here are your key levels for tomorrow! 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. Thousands 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 achieve

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25 thoughts on “Stock Market Trading And Analysis for 08/07/2008”

  1. Hey there Steve!,

    Thank you very much for the compliment and heads up about the call. I did not see one from you otherwise I would have picked up unless I was in a trade. I’ll go check right now!

    Regards and good trading!,

    Robert

  2. Awesome stuff once again Rob!!!

    And don’t worry Mr., I’ll drop the “H” word hee hee.

    Your levels are still on duty sir and doing a fine job!!!!

    Thanks again!

    Steve
    ps – Not sure if you got my msg, if not, check your voice mail.

  3. Hi there MLGF!,

    You are very welcome! I appreciate you being here and letting me know my efforts are making a difference for you!

    Without that feedback, it’s just easier to go back to my happy little world and not give back to our community if there isn’t a continued need for better resources out there! So thank you!

    Regards and good trading!,

    Robert

  4. Hi there Magic!,

    I’m glad you’re figuring out how to benefit from my work despite not trading the index instruments. Just remember, understanding the index intstruments can help your equity and ETF trades as well!

    Regards and good trading!,

    Robert

  5. Hi there 211!,

    Thank you very much for that nice compliment and note! I’m glad I’m helping make a difference in your trading and I’m glad you’re here making money!

    Regards and good trading!,

    Robert

  6. Hey Robert. I know youve heard this a hundred times already. But I cannot tell you how thankfull I am that you are willing to take the time to share this information. I know that it takes effort to create these videos and it would be much easier to just take some personal time for yourself. But it really, really is appreciated. Thanks again.

    MLGF.

  7. Hi Rob, thx for your reply in German. As I don’t watch your videos every day due to my occupation, key take away for me was your risk setup in regards to the trading times. I appreciate that – I really do. U r talking always about your upcoming website. When is it scheduled to be published? Thx for letting me know again, because I can’t watch all your 130 videos again.I’m not really an indextrader, but find a lot of things for my trading here!
    Regards from Germany! magic

  8. Hey Robert:

    More excellent work this week as usual. I have made a lot of good money this week using these S and R bands.

    Will be interesting to see if we can bust through 11700 this week or fail right here at this little double top. I don’t care either way and it feels good not to be demanding something from the market like back when I was a rank beginner.

  9. Hi there Vince!,

    I’m glad you feel better and probably a little wiser after watching my video! Don’t be unhappy or frustrated.

    Review the trade, review the strategy I’ve laid out for you here, and keep growing into a better trader every day as you have been!

    Regards and good trading!,

    Robert

  10. Hi ShortTrader!,

    You wouldn’t believe my email box if I showed it to you! Please do me a favor and send me a note that just has your real name, screen name, and the date you sent the email and I’ll get back to you right away!

    Regards and good trading!,

    Robert

  11. Hi there MC!,

    I’m glad you’re improving and getting back in the game! Thank’s for being here with everything you’ve got going on!

    Regards, good health, and good trading!,

    Robert

  12. Hi there ssvnv!,

    Thank you very much for your nice compliment! I appreciate that and I’m glad you’re here to enjoy it and learn along the way!

    Regards and good trading!,

    Robert

  13. Hi there Phaethon!,

    Thank you very much regarding my work! Also, check your email! 🙂

    Regards and good trading!,

    Robert

  14. Hi there Rockaway!,

    you are very welcome and I’m glad you’re here!

    Regards and good trading!,

    Robert

  15. Hi there Mista!,

    Congratulations of your success with my pop quiz! I will be sharing longer term points of view in the future due to some things coming! Stay tuned!

    Regards and good trading!,

    Robert

  16. Hi there Rob!,

    You are welcome! Yes, since it was one of my strategies I was sharing publicly, I wanted to share a high probability setup. So confirmation is key in that environment!

    Regards and good trading!,

    Robert

  17. Hi there Jeff!,

    Thank you very much and hello to you in Miami!

    Regards and good trading!,

    Robert

  18. hi snp,

    i got robbed too. i shorted early at 1283.5 and i thought 10:45am was a breakout. like what u said it’s a false signal. i got out at 1281. lil bit unhappy about this trade.
    i feel much better after watching ur vid.

    thx

    Vince

  19. SnP, enjoy your videos. did send you an email to your gmail acount a few days ago with regards to mentoring. just wanted to know if you got it!

    shortrader.

  20. TradersBASE will be linking your great vids again. I’m able bodied enough to add these each night finally.

    Thanks,
    MC

  21. Hey SnP,
    Your levels once again worked like a charm,looked like price was in the washing machine,so decided to sit on my hands until the right set up occurred,which for me it didnt,but thats cool,rather not give back the weeks profits unnecessarily.

    P.S i know your busy mate so no rush,i sent you an email a couple of days ago with ‘mentoring,video book’ in the subject,just want to cement a spot in the next availble mentoring classes,thanks.

  22. S&P
    I got both of you questions right before you answered them 🙂 I work all day but I like to watch your vids for a daily summary and what to expect tomorrow. I been watching a couple of months now and you are always spot-on. Do you think you could do a monthly and yearly summary once in awhile?

  23. Robert, after going back and watching all of your old vidoes, I still have a question about the 2-bar breakout with a pull back to resistance. Why the pull back to resistance? Is that to confirm that the former support level is now properly acting as resistance? And without that there is a greater probability the breakout will fall back below? Thanks for your help!

    -Rob

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