Tuesday, August 19, 2014

tradewithZEN - My Favorite Subscription Service

tradewithZEN is a trade alert service, along with a proven trading methodology. What I like about the service is subscribers have the option to blend the methods taught in the service to fit their personality, on top of all the real time trade alerts.

Summer Trading Results:

13 wins with an average gain of 6.58% and 2 losses with an average loss of 3.3%. Detailed PnL can be seen here.

My Experience:
I have been a member since the inception of tradewithZEN and have been very happy with what the service has to offer. If you have any questions feel free to leave a comment or email me at chartlearner@gmail.com.

How It Works:
Access to tradewithZEN is $60 for 3 months (regularly $30 a month, but we are offering one month free) and inside you’ll learn how to properly identify momentum stocks, entry & exit points, daily watchlist, market timing on NASDAQ, DJIA, TSX, real time tweets pointing out trade setups and live tweets when a stock is sold or bought.

Membership will be closing it’s doors to new subscribers once a 100 subs are hit so act now if you believe this information could be useful in your trading.

Click here to see past trading results.

Tuesday, August 12, 2014

Will This Bullish Pattern Repeat?

This Market has been very difficult for many traders and investors out there the last year. Last week, I talked about how the Market is likely to bounce strongly. Fortunately, the Market did bounce strongly the following day. However, the VIX continues to be quite problematic, giving the bears control of this Market.

The good news is this Market is pretty strong, considering the geopolitical events happening across the world. However, the bad news is it does seem that this Market is at the mercy of the turmoil around the world. The bulls will not have it easy, until these global events are solved. At the same time, its worth noting the bears haven't done that much damage.

The chart below is the Summation Index (NYSI), a very accurate long term indicator. This indicator spent an impressive amount of time above 500 from February to July. This indicates with high probability the Markets will likely make new highs within the next 6+ months (due to spending so much time above 500). So in other words, its likely we will see the S&P 500 hit 2000 sometime this year

Sunday, August 10, 2014

Make No Mistake Bears Are Still In Control

The chart below is the S&P 500 and the VIX with 50-1 Bollinger Band settings, which was shown to me by Tom McClellan. When the VIX is above it upper Bollinger Band, the Market gets quite ugly. Take note on the chart below, the VIX is  currently above its upper Bollinger band (highlighted with black rectangles). As a result, the VIX has wrecked havoc on the all Market indexes. When this occurs the Bears are clearly in charge. Unfortunately, despite the Market's strong bounce on Friday, the VIX did not retreat below its upper Bollinger Band. 

On Thursday, I talked about the Market bouncing strongly, and that's exactly what happened. I continue to be of the belief that we are forming a very important bottom. However, until the VIX goes below its middle Bollinger Band, the bears are clearly in charge and the Market at the very least will be choppy. The reality is, the VIX is at the mercy of several global political issues that possibly need to be solved. In summary, Bulls need to hope for a collapse in the VIX. 

Thursday, August 7, 2014

Why The Market Is Ready To Bounce Strongly Soon

The Market has had a brutal last few weeks  The good news for the bulls is McClellan Oscillator and Summation Index (longer term bull/bear indicator) are becoming quite oversold. These indicators are both hinting at a long term bottom being formed, assuming the geopolitical scene has a "happy ending".

 The chart below is the S&P 500 along with the TRIN indicator. The TRIN indicator is excellent for measuring when selling pressure has been exhausted. This occurs when the indicator goes above 2, which happened today (circled in red). Notice once the TRIN goes above 2, the Market tends to put in a good bottom give or take a few days (highlighted with red rectangles). Based on this indicator and the severe oversold nature of the McClellan Oscillator, we may be going on a very strong bull run soon, if the geopolitical situation gets cleared up (or doesn't get worse).