Stock Market Trading And Analysis for 06/24/2008

Perhaps a terrific Tuesday is in store? Let’s take a look! 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 achieve profits or losses similar to those discussed on this

17 thoughts on “Stock Market Trading And Analysis for 06/24/2008”

  1. I have been seeing your videos and I want to joint other traders to congrats you for your 100 video.
    Thanks your your time and dedication!

  2. Hi there John!,

    Thank you very much sir! I appreciate the notation on the 100 video mark and I’m glad you’re here to celebrate it with me!

    Regards and good trading as always!,

    SnP

  3. Hi MC!,

    I would encourage you to go look at my 05/29/2008 video at the 6:20 mark. The analysis I gave almost a month ago is still working very well today!

    Regards and good trading as always!,

    SnP

  4. Congrats on the century mark SnP. As always, your levels are right on, and considering the action am looking forward to a big move soon.

    Thanks,
    John

  5. Great video yet again…in fact x100. 😉
    Congrats on your 100th video here.
    Your catalog of videos is just chock full of great tips and key levels.

    Since the markets are so tangled, I wonder if you might give us your thoughts on oil and it’s possible effect on what many are looking for in the paper markets. I’m referring to the sneak attack rally of course. 8)

    Thanks again,
    MC

  6. Hi Angel!,

    Thank you and I’m glad you’ll be giving the market a chance to prove itself to avoid getting whipsawed! Don’t forget that while the bias is clearly to the downside, a surprise may be in the cards, so watch for the tell tale signs of the sells no longer selling! Some of the best money moakers lately have been those surprise rallies!

    Regards and good trading!,

    SnP

  7. Hi there Pump!,

    I’m dedicated or crazy for doing this for free depending on who you ask, considering many of the gurus are selling many consider to be inferior information for a great deal of money. So depending on who you asked, you’ll get a different answer about my sanity level 🙂

    Regardless, I really appreciate your kind words and encouragement, so thank you!

    Regards and good trading!,

    SnP

  8. Hi there Paul!,

    It’s good to hear from you again! You mentioned something very important so I want to repeat it. People often get caught up in the tick by tick movement and get hypmotized by the action.

    I always try to yank people back a step or two to think about what’s really going on intraday and where the overall movement is leading, not the flavor of the moment! Thank you for sharing and being here as always Paul!

    Regards and good trading!,

    SnP

  9. Hi Stu!,

    Thank you for introducing yourself and I’m very glad to meet you! I am very glad to see your confidence is growing and as importantly, that you took the time to do the right thing and review the past videos to build a more solid educational foundation! I’m very glad you’re here!

    Regards and good trading!,

    SnP

  10. Hi Schatz!,

    I really respect Peters work. That said, the two issues you mentioned above are independent of each other in my opinion.

    I seldom ever have to remove a S/R level I’ve drawn. If I do, it’s never been as a result of POC’s in the vicinity, it’s usually because I was overzealous in my capturing of the level. Meaning it looked like it might have validity so I threw it on to be safe.

    If a POC and S/R level coincide though, I take notice!

    Regards and good trading!,

    SnP

  11. Hi Steve!,

    You are very welcome as always and not putting yourself in harms way needlessly anymore is music to my ears!

    As I always say, if I can just teach people enough that they stop bleeding money, then I have served a great purpose for them. Fortunately, many are taking it to the next level and making money as well! All without paying a high priced guru for the same, or less information!

    Regards and good trading as always!

    SnP

  12. As Steve said it was difficult to see where things were going and I had a couple of losses early but they were because of my impatiencen and the radical movements. Your methods are teaching me that i have the right direction, I know where things can go and simply need to keep my focus on the larger picture. I ended up in positive figures at the end of the day with the last rally up. Thanks again for your great efforts, consistent information and support.

    Paul

  13. SnP,
    I wanted to introduce myself today. I am a brand new trader/investor thanks to you. I must say, I have had intrest in the market in the past, but never acted on it due to lack of confedence stemed from lack of knowlage.
    I am 23 years old and you have now instilled the confedence in me where I wont be making “blind” or “impulse/gut feeling” trades.
    After reviewing your previous videos (all day yesterday)I took your advice, put my stops in and saved big today!!

    continued…

  14. SnP,

    How are you?

    How do you deal with a S/R level when the market distributes around it and so moves through it repeatedly? If you look at a Market Profile view of the market sometimes the Point of Control or central point is a major level. When do you discard a S/R level?

    Thanks

  15. SnP,

    Speaking for myself, I couldn’t tell whether the buyers were buying or the sellers were selling – so I just stayed completely out today.

    Another thing I can say thank you about!

    When I cannot get a good read – for whatever reason – I no longer take the risk!

    Thank you again for your lessons – and tonight’s was another great one!

    I’m looking forward to tomorrow!

    Have a great evening and thanks again!

    Steve

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