E-Minis Unfair Advantage....Have You Watch This Yet?

So many people are CRUSHING the markets right now and making lots of money!

At the same time, far more traders are gripped with fear and struggling just to break even….

The difference?

Confidence and consistency.

As you know, you build both when you understand the best times of the day to trade and how to avoid the common mistakes and “hidden” pitfalls that prevent consistent profits.

Trading veteran, Todd Mitchell ,just came out with a video training that shows (using his actual charts!) the hurdles holding back most traders from making money!

Watch closely as he uses minimal money to pull predictable profits from the E-minis, while only researching a single chart.

VIDEO > The E-Minis Unfair Advantage

The knowledge he shares will shortcut your learning curve and help you avoid falling victim to shady advice. Please don’t miss out.


P.S. When you watch the video, I’m almost certain you’ll uncover several nuggets of wisdom that will eliminate mistakes costing you profits. This is not just about gain – it’s about acting prudently to prevent and avoid financial pain!

Just click here, every trader must see this video

Don’t Underestimate Yesterday’s Market Action

Yesterday’s action in the equity markets is a grim reminder of just how fragile the economic and financial system is globally. We would not dismiss the market action as just another pullback in the market.

The sharp down move should not be ignored, in my opinion. We are looking at a key support level on the S&P 500 at $1220. A close below that level will accelerate the decline to the next key level of support, which is $1180. That move may have to wait until Friday as traders jockey for positions today. For the year, the S&P at the moment is down, the NASDAQ is flat, and the DOW is barely higher with gain of 3%.

The copper market gave a pretty strong negative signal yesterday, as it moved below the $3.50 level. The copper market is telling us that demand is just not there for this industrial metal. For some time now, we have been discussing the trials and tribulations of Europe and all the drama that has become a Greek tragedy. The fact that they have a new prime minister in Greece does not change one thing, in my opinion.

Italy is now the star of the show, and we are not convinced that Prime Minister Berlusconi is going to step down off his pedestal anytime soon. Politicians still have a “quick fix” mentality and are counting on that to solve this mega financial mess. The reality is, there is no quick fix. It is going to take years for this mess to be cleaned up, and in all likelihood it will get ugly.

The best thing a trader can do at the present time is to watch the market action, as it will tell you exactly what to do. We believe the rest of this week is going to be a very important one, particularly where we close tomorrow. If we have a negative close on Friday below $1220 on the S&P 500, we would then expect to see this index move lower for the balance of November.

Now let's take a look at our trend analysis for the SP 500........

The massive move down in this index yesterday cannot be ignored by this observer. We still believe that the $1220 level holds the key for the S&P 500. With a Chart Analysis Score moving between -65 and -75, we may just be on the brink of an emerging downtrend. That still needs to be confirmed basis our weekly Trade Triangle indicator. Intermediate traders should be on the sidelines waiting for a new Trade Triangle short signal. Long term traders should either be in cash or continue to hold short positions in this index.


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Markets Hit New Multi Month Highs

The U.S. stock indexes closed firmer today in quieter trading. The indexes hit new multi month highs as the bulls are "climbing a wall of worry" in the market place. Do not be surprised to see a more consolidating trade in the stock indexes, heading into the summer months, when traders focus more on family vacations and outdoor activities.

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August gold futures closed up $1.90 at $981.90 today. Prices closed near mid range again today. The market got some more support from a weaker U.S. dollar today. However, the gold market bulls may be getting exhausted as prices approach $1,000.00 an ounce. Gold bulls still have the near term technical advantage. Prices are in a seven week old uptrend on the daily bar chart.

Today’s Stock Market Club Trading Triangles

July crude oil closed up $0.15 at $68.73 a barrel today. Prices closed near the session high and hit another fresh 6 1/2 month high today. Crude oil bulls have the solid near term technical advantage. The "money game" in the commodity markets continues, whereby funds are flowing into commodities with crude oil leading the way. A six week old uptrend is in place on the daily bar chart.

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