Stock Market Trading And Analysis for 07/17/2008

Tonight is a tutorial for the 700+ new people as well as a review of the key things you need to know to trade Thursday and Friday! 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

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25 thoughts on “Stock Market Trading And Analysis for 07/17/2008”

  1. I should have said snp futures chart not cash chart. So you answered my question. I can use the futures chart to plot the levels on the .SPX index chart. Thank you

  2. Hi SnP,

    Thanks for your favour, will be sending you my charts later this evening, looking forward to your guidance!

    Also, another great vid! Absolutely fantastic for a quick recap over the past vids – and a great prediction for the quick bear rally run in the near term! You are just hitting everything spot on!

    I really encourage everyone to revisit all the vids, you just get something new each time!

    Looking forward to your vid tmr!

    Regards,

    tom

  3. Hi there Bumaye!,

    You are very welcome and thank you for being here in our community!

    Regards and good trading!,

    SnP

  4. Hi there Astra!,

    Another great budding trader from the UK! I love it, that’s super! I’m glad you’re here learning and enjoying the work.

    Make sure you go back and watch all of the past videos to really enhance your learning curve!

    Regards and good learning Astra!,

    SnP

  5. Hi there Ads!,

    You are very welcome and that’s EXACTLY what you should do! The analysis will work in the other markets just fine. People always want to focus on my setups and indicators.

    What they don’t realize is that it all bcomes down to psychology in the end. Fear and greed are universal market forces!

    Regards and continued good trading!,

    SnP

  6. Hi there Chris!,

    You’re very welcome. You Canadian traders are great and a smart bunch! I’m glad all of you are here!

    Regards and good trading!,

    SnP

  7. Hi there Richard!,

    Thank you very much and you’re welcome! Something very important to keep in mind as you’re here learning. Opinions are just that, opinions!

    What you don’t want to do is freeze up in your trading because what’s happening in the market is contrary to your favorite analyst!

    That’s why I teach how to look for the “go with” trade AND AS IMPORTANTLY the trade nobody expects!

    Regards and good learning!

    SnP

  8. Hi there Angel!,

    Thank you very much! You’re not so bad yourself! 🙂

    Regards and good trading!,

    SnP

  9. Just like to say hello from UK and thanks for all your good work. I can finally make sense out of all I learned about TA from the books. Yesterday I paper traded FTSE100 and made money.
    Still getting through all your vids. Brilliant.
    Best wishes
    Astra (Would like to be a trader)

  10. Nice job on the TA on the snp500, I have been day trading for a little while mostly on the UK and Aussie markets by trial, error and learning materials. I dont trade the snp500 as I am a little uncomfortable with it but I watch your videos everyday and learn from it and put it into action according to the markets that I trade and it has been successful.. I cant thank you you enough for your time and effort in teaching us…

  11. great..thanks for picking apart the chart….it clarifies the chart’s characteristics for us Canadians!

    Chris

  12. Just wanted to thank you and in particular, tell you that I enjoy when you tell us what you’re looking for tomorrow. I like it when people step out on a limb and share their outlook. A lot of day traders look down or avoid predictions, I’ve noticed, because after all, anything can happen. But it’s helpful to me coming from someone with your experience. Good luck trading tomorrow!

  13. Hi SI,

    I’m confused! Just two nights ago I posted those levels about 52 seconds into the video, and you favorited the video?!?!

    Go back and take a look at that 07/15/2008 video and you’ll see the levels.

    Regards and good trading,

    SnP

  14. Hey there BnB!,

    Listen, could you help me understand the value you perceive from plotting the S&R levels on the cash when it’s already done for you on the futures and can be used in conjunction with equity trading as well?

    Regards and good trading!,

    SnP

  15. Hi there Cadaver!,

    Thank you for your compliment and your thoughts regarding the VIX Reversal!

    Regards and good trading!,

    SnP

  16. Hi there Vince!,

    Thank you for your letter and don’t apologize because you sat on the sidelines. It’s ok to doubt my word. Go back and watch every single video I developed for our community, realize I’m genuine and not one of these gurus out to take your money, then you’ll figure out which parts of my work fit your psychology, and you’ll do fine!

    Regards and good trading!,

    SnP

  17. Hi Adam!,

    Thank you for your note and you’re very welcome. The best way to explain the volume differences between the ES and YM is for you to put a time and sales chart of them up side by side.

    I cannot recommend specific instruments specific to you. Consult qa Registered Financial Representative for that. However, I’ve demonstrated Proshares in two past video as one alternative of many.

    Regards and good trading!,

    SnP

  18. Hi Chief,

    That combination is what I’ve found to work well for my style and my personality on that specific chart. I have many more, but those are what I demonstrate here in this conservative format.

    Regards and good trading,

    SnP

  19. do you have the video link where i can find all the support and resistance line? plz keep help us..thank so much

  20. Thanks again SNP500trader. I am curious if the support and resistnace levels from the snp cash charts you show us corresponds to the s&p500 index chart. Can I use the same points on the either chart or are the pivot ect different. Thanks again
    thanks

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