Today’s action on the S&P 500 was very narrow with lighter than average volume. If you know what to look for; the internals and candles will offer you the “clues” you need to make higher probability trades.
BEARISH MID-TO-LONGER-TERM (Weeks-To-3Months+): We are currently experiencing a technical bounce in North American markets. If the S&P 500 breaks back below 1,880-1,870 (a key support floor), and if the Crude Oil (WTI) reverses back below $30 aggressively. This market has more downside risks than upside potential in the mid-to-longer-term.
BULLISH SHORT TERM (Days-To-Weeks): Entering this week higher risk long side positions were on play with the deeply oversold technical bounce that started January 20th, 2016. S&P 500 (SPY), Nasdaq (QQQ), Russell 2K (IWM), Int’l Developed (EFA), Emerging Markets (EEM) and TSX (XIC).
Part of my end of day routine is to analyze the intra-day action of the S&P 500.
Basically I like to print an intra-day chart of the SPY or $SPX and mark up areas and candle patterns. I also like to make note of when reversals and or continuations occur. Adding market internals such as the NYSE TICK and TRIN adds clarity throughout the day.
Whew… It has been a tough journey the past month but the site is now functional and ready to move forward. I won’t get into the many headaches and issues that popped up but suffice to say it felt like I was playing “whack-a-mole” with one problem showing up after another.
We have completed a basic site re-design on marketinsidersclub.com. In the coming weeks more changes will continue as this site becomes our Free Trading and Investing portal. Feel free to send us a note with your comments and what you would like to see on the site.
Now, the important part “Where’s my content gone?”
Don’t worry it’s still here and your login credentials will still work. The old system was causing site crashes (I’m sure you noticed…sorry about that) As a temporary solution we installed a new membership script and migrated all old users over to the new system. There were some members who we were unable to move over. If you find you’re unable to login please contact support immediately and someone will get you setup in the new site.
But… eventually the old product pages will be removed which leads me to:
The new members site is located here:
We have made an effort to migrate your existing login data into the new portal. Your current login username and password SHOULD work. If your login credentials do not work please contact support and someone will get you setup in the new site ASAP
Please include any purchase information that you can so we can find you in the database easier.
The new site is new and snazzy and this is just the beginning. With your help I plan to make Market Insiders Club the premier community for like-minded traders and investors.
The look and feel have been re-designed but the format and pages are the same. The products are located under the “Your Products” menu tab the same as before.
If you’re missing a product or if you find missing pages or links please let us know and someone will make the necessary changes.
Thank you for all the feedback and I sincerely appreciate your patience during this process. You are the best and I can’t wait to start moving you towards your financial goals.
All the best,
Author Trading Master Plan