Morning Market Thoughts
Good morning. But it’s not a good morning for some of the leaders in this rally. Apple ($AAPL) has an iPhone that has connectivity issues — and connectivity is the key selling point! This morning, Raymond James published the results of a supply-chain check which indicate that the iPhone X will start production later than consensus estimates. The stock is down slightly in pre-market trading, but it’s now below the 50-day moving average. Today’s close will be critical for the stock. The current reading for the 50-day moving average is $156.80. If you’re a bull, you’ve got to root for a close above that level.Also, Tesla ($TSLA) has entered into a partnership with Advanced Micro Devices ($AMD) to develop a custom chip for a self-driving car. That’s great news for AMD, and for the traders who got inside information on the deal and pushed the stock up nearly 7% during the last 10 minutes of trading. The stock is lower than it traded in post-market trading last night, but is still up over 2%. Nvidia ($NVDA), meanwhile, is down about 2%. A 2% drop isn’t alarming…but it does start the gap-filling process and creates more overhead resistance.
I’ll be covering all of this in today’s trading forum, and will go into more detail tonight.
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POWER CHARTING TRAINING
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Quite a few traders recently took advantage of the Power Charting course which covers profit-making trade tactics based on very specific price behavior and patterns that have been proven to generate the highest probability trades with the most potential for big gains. I call these rare charts “Power Charts!” When the right setup is there, the move can be powerful!
I don’t just teach you how to spot a power chart; I teach you how to find them! You can’t trade ’em if you can’t find ’em, right? So I’ll teach you some scans and screens to find the best charts with minimal time.
The entire course is over 8-hours of instruction on using indicators such as Keltner Channels and Bollinger Bands, ADX, Directional Movement Indicators, MACD, key momentum indicators that get you in just when the trade starts to work, and warn you when it’s time to take your profits. You’ll also get instruction on the proper use of volume analysis to stay away from faulty setups and pile in to strong patterns and the right time to get the most out of the trade. I also cover STOP placement to ensure that you are managing your risk in a way that allows your winners to run, and takes your losers out early. The trick to stops is that you’ve got to give the stock room to oscillate so that you don’t get stopped out just before the big move occurs, or sell too early just when the trend is forming.
Your workbook is over 250 pages, so you’ll have the concepts right in front of you. You’ll be taking notes on every page.
This is truly a powerful course that is assured to improve your trading and get you to the next level. This Saturday, I will be teaching a follow-up class on Power Charting at 11 am ET (8 am PT). Hundreds have recently gotten in on this course, and there’s still time for you to jump on too. Dedicate some time between now and Saturday to get up to speed, and I’ll fill in all the blanks for you on Saturday. This is a downloadable course, so you can start anytime. And if you don’t have time to view the whole course before Saturday, come to the session anyway. The workbook is over 250 pages, so you’ll
And if you are not a member, you’ll be able to start your free 30-day trial and grab the course at a 50% discount off the regular $697 price. With this “fill in the blanks” session on Saturday, you will get nearly 10 hours of instruction geared to increase your profitability.
Use the link below to start your free 30 day trial and unlock the Members price:
https://stockmarketmentor.com/offer/power-charting.php
If you’re happy with your current trading results, then skip this class. But if you think you can do better and are tired of just treading water, then this course will ramp up your trading results — guaranteed. If you disagree, just let me know and you’ll receive a “no questions asked” refund.
What students are saying:
“I’ve been trading for 5 years and have always used those indicators (MACD, Stoch, RSI) Having you explain them and how to use them to see the divergence has really helped me get a good understanding just in swing trading. I’m sure it will help be tremendously on my long term. trades too. Thanks for teaching the class and keeping it affordable. You could have charged an arm and a leg for that class and I thought the price was very generous.” Travis R.
“I’ve been an SMM member for years and Power Charting has been, by far, the best training Dan has done. His level of preparation really shows and he’s so good in front of the microphone. The training was excellent and while four hours would normally have me running out of the room screaming I remained cool and calm; taking notes and considering how to improve my own trading.” Greg H.
“I found the webinar to be a real learning and relearning experience. I will keep the download for reference, with the workbook, well named. I am eagerly awaiting next Saturday. PS: This will make Dan happy. The correct use of “STOPS” has saved me thousands of dollars. I’m now a firm believer. ” Ray R.
This course is seriously mispriced, but I wanted to put something together at a very low price so that anyone striving to trade like a professional can learn the tools at a low price.
Hope to see you there!
–DAN
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