It has been a great month so far, and we'll close it out strong next week. 

You can see just how profitable the month has been so far. Out of the 11 trades that have been placed, 9 of them have resulted in profits for a 81.8% accuracy rate.

Take a look for yourself!

august swing trading

As the market sold off in the early part of the month, my analysis of the market and the direction it would ultimately go suggested we were at a near-term bottom, and being positioned long was the logical direction to trade. As a result, when the market dropped lower, members of the SharePlanner Splash Zone added more positions for the inevitable bounce that would come. 

On the year, I have brought in over $40,914.85 in profits on a $200,000 portfolio which comes out to a +20% return and we are not even done with August yet. 

So if you want to learn what it means to trade profitably, then become a member of the SharePlanner Splash Zone as soon as you can, and start profiting consistently, each and every month. Even if you can't trade during the day, you can automate all my trades via Ditto Trade.

With your membership you will receive access to my trading chat room where I reside Monday through Friday fielding questions and providing analysis on the markets, trading ideas and providing my own real-time trade alerts that also come to you via email and text (international numbers too). 

Try out the SharePlanner Splash Zone with a Free 7-Day TrialWith The Splash Zone, you will get my low risk and high probability trade setups that no other trading service can offer.

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Pre-market update:

  • Asian markets traded 0.1% lower..
  • European markets are trading 0.5% lower.
  • US futures are trading 0.2% lower ahead of the market open. 


Economic reports due out (all times are eastern):
Janet Yellen speaks at Jackson Hole

Technical Outlook (SPX):

  • SPX tested and closed at new all-time highs. This is huge considering just earlier this month, the majority of traders believed that a top had been established and it was moving much lower. 
  • Without a doubt now, this is not a dead cat bounce, but a significant move for SPX. 
  • Short-term the market is becoming very overextended to the upside. Some consolidation wouldn't be out of the ordinary here. 
  • Janet Yellen speaks at Jackson Hole, which historically has the tendency to create some extra volatility for the market. Be prepared for anything. 
  • A good indicator for determining short-term direction in this market is the 5-day moving average - right now SPX is strongly above it .
  • After an 88 point rally in the last 10 days, SPX 30 minute chart has become extremely stretched. 
  • VIX has barely fallen in the last 3 days. This time just 0.2% and to close yesterday at 11.76. 
  • At this point I wouldn't be surprised to see some profit taking in the market, but yet, the market can always rally much, much more than you could ever expect. 
  • SPX is well into overbought territory. 
  • The market doesn't care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up. 


My Trades:

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Members of the SharePlanner Splash Zone are having an outstanding month (and year) - and I encourage you to become part of our success by signing up for a Free 7-Day Trial where you'll receive access to my Trading Room and Real-Time Trade Alerts via text and email (including international numbers). You can also automate all my trades through Ditto Trade. Click here to subscribe.

Here is tomorrow's swing-trading watch-list:

Long Himax Technologies (HIMX)

himx

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I'm back in the saddle doing my weekly Google Hangout videos and today I fielded some user questions that included how do I scan for trade setups, identifying legit market downtrends, and the kind of short setups that I like to take and when.

Also I cover the following stocks and trade setups in STLD, AAPL, ETFC, DDD, STT, KOG, RRD, STT, WFT. Not to mention the general market analysis in the S&P 500 and a market timing indicator that is a favorite of mine.  

Here's the video:

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Pre-market update:

  • Asian markets traded 0.4% higher..
  • European markets are trading 0.7% higher.
  • US futures are trading 0.1% lower ahead of the market open. 


Economic reports due out (all times are eastern):
Jobless Claims (8:30), PMI Manufacturing Index Flash (9:45), Philadelphia Fed Survey (10), Existing Home Sales (10), Leading Indicators (10), EIA Natural Gas Report (10:30)

Technical Outlook (SPX):

  • SPX right on the cusp of establishing new highs. By far the best case scenario that could have happened for the bulls following the late July sell-off. 
  • Volume on this rally has been no where near the volume on the sell-off, but that phenomenon has been the case for nearly every sell-off and rally for the past five years and the market continues to march higher. 
  • Having rallied over the last nine days (seven of which were bullish days) nearly 82 points, I am still long, but I am curbing my enthusiasm some with how many positions I am willing to hold overnight. 
  • At this point I wouldn't be surprised to see some profit taking in the market, but yet, the market can always rally much, much more than you could ever expect. 
  • It is worth enduring some profit taking at the expense of not missing much more upside to this market. 
  • 5-day moving average for the SPX is a good indicator for determining the direction of this market in the short-term. 
  • 30-minute chart suggests as well that a 10-15 point pullback would keep the charts healthy. 
  • VIX dropped another 3.5% down to 11.78.
  • At this point, the story becomes whether the bulls will break all-time highs and 2000. 
  • The notion of this being a dead cat bounce has become nullified. 
  • SPX is well into overbought territory. 
  • The market doesn't care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up. 


My Trades:

Read more...

Members of the SharePlanner Splash Zone are having an outstanding month (and year) - and I encourage you to become part of our success by signing up for a Free 7-Day Trial where you'll receive access to my Trading Room and Real-Time Trade Alerts via text and email (including international numbers). You can also automate all my trades through Ditto Trade. Click here to subscribe.

Here is tomorrow's swing-trading watch-list:

Long American Capital (ACAS)

acas

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Last week's update of the SharePlanner Reversal Indicator stated that a significant bounce was bound to happen and it did. 

And still the reversal looks like it is in the early stages on both time frames.

Here's the Daily SPRI:

SharePlanner Reversal Indicator Daily 8-20-14

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Pre-market update:

  • Asian markets traded flat.
  • European markets are trading 0.6% lower.
  • US futures are trading 0.1% lower ahead of the market open. 


Economic reports due out (all times are eastern):
MBA Purchase Applications (7), EIA Petroleum Status Report (10:30), FOMC Minutes (2)

Technical Outlook (SPX):

  • Another strong day for the the bulls as they have managed to eliminate all the losses from the 7/31 sell-off. 
  • At this point, the story becomes whether the bulls will break all-time highs and 2000. 
  • The notion of this being a dead cat bounce has become nullified. 
  • SPX is now well into overbought territory. 
  • Back July, the story was constantly whether SPX could break through 1985 - it was a strong level of resistance. Today we get to see if that still holds true. 
  • SPX has rallied 77 points in the last 8 days - it wouldn't be surprising here if we consolidated or saw a slight pullback here. 
  • Volume was less than average
  • VIX dropped 0.9% down to 12.21. 
  • Strong series of higher-highs and higher lows on SPX 30-minute chart. 
  • The market doesn't care about the economy nor earnings. That is not what is driving it. The market only cares about what the Fed is doing to keep equities propped up. 


My Trades:

Read more...

Members of the SharePlanner Splash Zone are having an outstanding month (and year) - and I encourage you to become part of our success by signing up for a Free 7-Day Trial where you'll receive access to my Trading Room and Real-Time Trade Alerts via text and email (including international numbers). You can also automate all my trades through Ditto Trade. Click here to subscribe.

Here is tomorrow's swing-trading watch-list:

Long Unum (UNM)

unm

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This will be brief, but I wanted to share with you a screen shot of one member's portfolio who has been automating all my trades through his brokerage account with Ditto Trade. He, like the rest of Splash Zone members, has been doing fantastic this year, and he provided me with a look at how well he has been doing in August by showing me a screen shot of his portfolio. 

See for yourself!

Screenshot 2014-08-19-09-07-04

 

You can start trading with me today by signing up for a Free 7-Day Trial of the SharePlanner Splash Zone. With your membership, you will get access to all of my Real-Time Trades via email and text (International numbers too), and you'll be apart of our awesome chat room of traders who are experiencing incredible success in their trading. 

With The Splash Zone, you will get my low risk and high probability trade setups that no other trading service can offer.

subscribe

Start Your Free 7-Day Trial Today!

Read more...

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