Sunday, December 8, 2013

Stock Market Video - Outlook and Setups for Week of December 9, 2013 - "Weird Action"

Hi traders.  We saw some weird action on Wall Street Friday as although the overall market was up a decent amount across the board, individual stocks acted much different, particularly growth and momentum names.  For example, I was fully long names like TSLA, FB, and TWTR going into Friday's session, and even though the S&P was up more than 1%, I was stopped out of everything and my account closed 1% lower.  That is not healthy action.  I am not seeing a ton of great risk/reward setups right now so I may chill a bit on the sidelines early this week.  In the video, I discuss the few names I do see worth watching as well as the two "tells" I am focusing on to gauge whether the institutions are going to give us a Santa Claus rally going forward or just stick us with a lump of coal. 




As I mentioned a few weeks ago, I get a lot of emails about the scans and indicators I use in TC2000, the trading software I use on a daily basis and in the weekly videos.  Since many of those scans are proprietary and have taken a lot of work to develop and implement, I am somewhat reluctant to share them to everyone.  Over the past few weeks however, I have been able to set up my scans and TC2000 setup/layout on other user's systems for a fee.  If this is something you are interested in, please email me and I can give you further details.  This would allow you to run the exact same scans, layouts, and indicators that I have developed and use in my TC2000 program.  This will set you up with a basic trading plan very similar to the one I use that includes market timing aspects, tools to judge the overall indexes, as well as scans to run for longs and shorts on a daily basis and ways to manage those setups.

Educational videos that would allow you to learn how to implement these layouts and scans for yourself are also potentially in the works, along with ebooks for those of you interested in setting the scans and layouts up yourself but just need the formulas and PCFs.  Another potential tool/product in the pipeline is a one-on-one mentoring/consulting program online where I can teach you how to use these scans to help you find daily setups, as well as incorporate other important aspects of any trading plan such as market timing and technical analysis into your personal trading.  I do need to gauge interest however before moving further, so if these products sound like something you would be interested in, please feel free to contact me via email or Twitter and let me know.

1 comment:

Burt said...

Thanks for the headsup on CUDA and ONVO. My best 2 trades today.