Posts Tagged ‘Futures Trading Webinar’

Fabulous Friday – Counting our Blessings in the Market Collapse

Wheeeeeee – isn't this fun?  

We're certainly having a good time and, if you've been following our posts and getting our trade ideas – you probably are too as yesterday's DXD trade idea, for example, made 100% in a day for the 2nd time this week!  

Now let's say you put just 2% of your portfolio into a hedge like that against a worry that we'd have a 5% drop.  Well, on Tuesday we collected 100% of that 2% on a 2.5% drop and yesterday we collected another 100% of 2% on another 2.5% drop – there's 4% back and we never even fell 5%.  This is how you hedge and hedging is what we teach you to do at PSW (sorry, Memberships now full, try the wait list for next month).  

Of course, if you find yourself on the wrong side of the market, the Futures also make excellent hedges and it just so happens that we teach that as well!  We did a Futures Webinar just this Wednesday and you can watch us make money live on the replay.

 Those are the hedging strategies that led us to call for shorts yesterday (right in the morning post) at 1,100 on /TF (Russell Futures), 4,040 on /NQ (Nasdaq Futures), 1,965 on /ES (S&P Futures) and 16,900 on /YM (Dow Futures).  Aside from the Alert we sent to our Members, we also Tweeted out and Facebooked? the trade ideas – THAT'S HOW SURE WE WERE!  If you followed those, we closed the day at:

  • Dow (/YM) 16,550: down 350 points at $5 per point – Gain of $1,750 per contract 
  • S&P (/ES) 1,918: down 47 ponts at $50 per point – Gain of $2,350 per contract 
  • Nasdaq (/NQ) 3,950: down 90 points at $20 per point – Gain of $1,800 per contract 
  • Russell (/TF) 1,060: down 40 points at $100 per point – Gain of $4,000 per contract 

The margin requirements for the Futures trades are roughly $4,000 per contract so we're talking net gains of
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Flip Floppin’ Thurday – Draghi and Williams Top Us Off

SPY DAILY

Flip, flop & fly
I don't care if I die
Flip, flop & fly
I don't care if I die
Don't ever leave me, don't ever say goodbye – Joe Turner

It's deja vu all over again!  

Please see Tuesday's "1,975 or BUST!" post and you will be all caught up on our battle plan for Thursday.  Remember – I can only tell you what is going to happen and how to make money trading it – the rest it up to you…  

Those DXD calls we disussed in Tuesday's post were cashed out ahead of the Fed with 100% gains in just two days.  Today, we're right back to the extact $24.52 DXD was at Tuesday morning, and the calls are back to our 0.60 entry after topping out at $1.27 yesterday (up 111%).   

We made the call to get out right at the beginning of our 1pm Live Trading Webinar (sorry, Members Only) but, FOR FREE – in yesterday's morning post – we also called a very wise exit to our TZA spread (up 190%) and flipped long on the /TF futures at 1,070 and those finished the day well past our 1,080 goal – all the way back to 1,100 for a $3,000 per contract gain.  That's in a single day folks!  

This morning, in our Live Member Chat Room (and you can join us here before the prices go up next week), we took short positions on the indexes with me saying to our Members in a 6:41 Alert that was sent out via Email as well and, for good measure, it was tweeted out (follow us here) and posted on our Facebook page (follow here):

Clearly we can short /TF at 1,100 with a stop above or /NQ 4,040 or /ES 1,965 or /YM 16,900 simply stopping out if any two of those go higher.  On the other side, Oil can be played long at $87.25 (again) and gasoline at $2.30 since it's Thursday.  


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$1,500 Friday – Yesterday’s Futures Play Pays Big!

That's $2,200 in two days playing with us!

Not bad for free picks, right?  On Wednesday, we played the Nasdaq Futures (/NQ) short at 4,100 and those gave us a nice, $700 per contract gain in just a few hours.  Yesterday, we reviewed that trade idea right in the morning post (which you can have delivered to you every morning, pre-market, by SUBSCRIBING HERE) and I added:

That's why, today, right now, we are once again shorting the Futures at 17,100 in /YM(Dow) and 2,005 on /ES (S&P) and 1,175 on /TF(Russell).  Yesterday we shorted the Nasdaq(/NQ) at 4,100 – a trade idea I outlined in the morning post for our subscribers – and that trade made $700 per contract by noon.  Not a bad day's work, right?  

SPY 5 MINUTEFutures trading is a useful skill as we can make adjustments to our trading almost anytime we get some new information – even when the market is closed.  

We played bullish on Draghi fever early in the morning and then, in our Live Member Chat Room, at 10:35, we nailed the turn for a re-entry at 1,180 on the Russell (/TF Futures), 17,150 on the Dow (/YM) and 2,010 on the S&P (/ES) as well as $95 on oil (/CL) and we were rewarded with moves down to 1,160 (+$2,000 per contract), 17,025 (+$625 per contract), 1,990 (+$1,000 per contract) and $94.25 (+$750 per contract).  

As I said yesterday, we can make trades like this because the market is RIGGED and we understand how it's rigged, which enables us to play along and profit from the manipulation.  We don't like it, we don't endorse it but, since it happens every day – we may as well bet on it, right?  

Of course there are other ways to make money on pullback and we teach those as well at PSW. Here's a couple of trade ideas we had for our Members
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Tricky Tuesday – Low Volume Rallies Continue to Fool Us

SPY 5 MINUTESome of the people all of the time

That's the basis for this rally – or what's left of it – as we see this pattern almost daily:  A big(comparatively) volume sell-off followed by a "rally" on 1/3 to 1/4 of the volume that sold and then, once we hit a pre-programmed peak (about where we got to in the no-volume Futures), we have a bit of volume selling into the close.  

This is how you can see those charts that show all the "smart money" running out of the market, even as the market goes higher.  Why would they leave?  Why would anyone leave this exciting market?  The answer is, because those fund managers are well aware that, at some point, the music will stop and there will be no buyers to save them then.  Best to get out now and avoid the rush.  

That time was also "different," wasn't it?  We had invented the Internet (well, Al Gore did) and easy monetary policy led to bank mergers and NAFTA ushered in an era of free trade that send tens of millions of jobs overseas, causing profits for US Corporations to soar and those good times were never going to end – until they did.  

SPX WEEKLYIt's very hard to say when a rally like this will finally run out of gas but, when we stop making new highs and we have these BS daily, manipulative run-ups to cover the selling – that's probably a good time to get more cautious.  

As noted on Dave Fry's S&P chart, it's ALL about the Fed and how much FREE MONEY the Fed will pump in and how long they will keep pumping it in, etc.  You would think we'd be tired of the same old song and dance but why should we, when we GET PAID to join in?  

Yesterday, for example, in our Live Member Chat Room, I called for a bottom on the Russell Futures (/TF), saying:

/TF below 1,130!   One would hope that's it.  Playable for a bounce over


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Zero Hedge

Bloomberg In Talks To Go Public Through A Bill Ackman SPAC

Courtesy of ZeroHedge View original post here.

Amid the record flood of bubble-era SPAC or "blank check" offerings to hit the market in the past 2 quarters, and which allow a quick and dirty way to take a private company public, a new name has emerged and it's a shocker: after his failed presidential campaign, Mike Bloomberg is said to be in talks to take his media empire public through a SPAC controlled by Bill Ackman.

According to the NY Post, Mike Bloomberg may sell a minority stake in Bloomberg LP, th...



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Phil's Favorites

Buy stocks now or after the election?

 

Buy stocks now or after the election?

Courtesy of 

 

On an all-new episode of What Are Your Thoughts, Josh Brown and Michael Batnick take on the biggest topics on Wall Street this week, including:

*The “pressure cooker of uncertainty” has many investors waiting with cash for the election to be over.
*Amazon is actually losing market share to the old category killers like Best Buy and Walmart, who are getting good at ecommerce.
*YOU ASKED: What should my strategy be, investing or trading?
*Which would produce the biggest rally, a vaccine approval or a signed stimulus bill?...



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ValueWalk

Top 7 Most Popular Social Media Platforms

By Anna Peel. Originally published at ValueWalk.

From a handful of social media platforms in the early 2010s, the social media universe has expanded to more than 100 platforms. New entrants are making an entry every few months.  Debutants like Triller, WT Social, Valence, Flip, and  Popbase have barely scratched the surface, but they might be the next big thing.

Q3 2020 hedge fund letters, conferences and more

Whatever field you are in, it is impossible to ignore the power of social media. Half of the global population reachable by social media, making it a powerful tool for governments, corporation...



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Chart School

Dow Gann Angle Update

Courtesy of Read the Ticker

Time to see what happens to the Dow post US elections.

The Dow Gann Angle Target 3 (from 2007 top) is on the table, and what a ride that will be. The FED went BRRRRR is all the fundamental news you need to know. Gann angles are very good tool to see how the masses are pushing price.


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The last two US elections saw Bitcoin and the DOW rally well for 6 months, due to stimulus. The most bearish 2020 US Election case for the markets is a Biden win with the Senate and Congress controlled by the Democrats, somehow this blog feels that is very unlikely. So what could go wrong!


...

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Kimble Charting Solutions

Will 2020 Mark Historic Low For Interest Rates?

Courtesy of Chris Kimble

US treasury bond yields have been trending lower for over 3 decades. Could the latest drop mark a significant low for bond yields and interest rates?

In today’s chart, we can see that interest rates have had several spike lows and highs, but that each low is lower and each high is lower. That’s the definition of a downtrend. BUT, each of these spike lows has resulted in big rallies within the downtrend channel. And each of these lows and subsequent rallies have been marked by significant momentum lows (see each green line and shaded box).

So is it time for short-term yields to rally?

Looking at the current set-up, we can see that yiel...



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Biotech/COVID-19

Coronavirus reinfection cases: what we know so far - and the vital missing clues

 

Coronavirus reinfection cases: what we know so far – and the vital missing clues

By Sheena Cruickshank, University of Manchester

As President Trump claims that he is immune to COVID-19 and isolated reports emerge of reinfection, what is the truth about immunity to COVID-19?

To date, there have been six published ...



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Politics

Dan's Covid Charts: Blue States vs. Red States Over Time

 

The trend of lower Covid-19 case numbers per capita in blue states compared to red states isn't itself surprising, but the magnitude of the differences may be. You can visualize the evolving differences in case loads by watching the infection's progression, as measured by cases per capita, at Dan's website.

[Visit Dan’s COVID Charts to see these amazing animated charts and more. Fortunately, Dan broke his Twitter hiatus to share his work.]

People say I should break my 12-year Twitter hiatus to share my latest animated COVID chart. It compares state cases factoring in partisanship since June 1, when science had proven methodology as to how to stop the spread after the initial sucker punch. ...



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Digital Currencies

Bitcoin: the UK and US are clamping down on crypto trading - here's why it's not yet a big deal

 

Bitcoin: the UK and US are clamping down on crypto trading – here's why it's not yet a big deal

Where there’s a bit there’s a writ. Novikov Aleksey

Courtesy of Gavin Brown, University of Liverpool

The sale and promotion of derivatives of bitcoin and other cryptocurrencies to amateur investors is being banned in the UK by the financial regulator, the Financial Conduct Authority (FCA). It is a...



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Mapping The Market

COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

By Jacob Wolinsky. Originally published at ValueWalk.

There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

...

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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.