Friday, December 31, 2010

CFRN Will Be Closed New Years Eve

Wishing you and yours a Happy and Prosperous New Year!

Sunday, December 26, 2010

CFRN Holiday Schedule


CFRN Holiday Schedule Dec 27th - Dec 31st

  • Live Charts / Full Day
  • Audio Commentary / 10am-11am Eastern Only

Our regular schedule resumes January 3, 2011.



Weekly Password

 

Thursday, December 23, 2010

Merry Christmas From CFRN


No Live Broadcast Dec 23rd or Dec 24th.

The Christmas Gift

Do you ever wonder if what you do really matters?

Do you ever question whether or not your life on this earth will really make a difference?

I do. Often.

Tonight when Gabriel said his prayers, I heard this with my very own Dad-ears.........

"Dear God, Please help all the kids of the world understand that it's not about the toys, it's about you. I love you God. In Jesus name, Amen!"

That was it. Within 10 seconds he went from Amen to the steady rhythmic breathing of perfect peaceful sleep.

Gabe was 4 years old when he came to live with us and I learned so much in that first year. Then suddenly he was 5 and I realized I knew nothing. You see, I had never been a Dad before and I wasn't sure at 47 I could even pull it off, but by the grace of God... tonight I leaned over and kissed the forehead of an 8 year old sleeping giant and was joyously overwhelmed by how much I still have to learn.

Thank you God for helping me understand it's not about the toys...

In Jesus name, Amen!

Merry Christmas



Wednesday, December 22, 2010

Emini Futures Trading / Rare Statistical Anomaly


QQQQ)(DIA)(SPY)(GLD)($SPX)

from the trading desk of CFRN...

The Energizer bunny keeps going and going and going……With help from the energy sector and a few economic reports today, the SP EMINI ground out another new high.  Crude oil and products were lifted with a drop in inventories today.  Crude regained the $90 level and that lifted energy stocks.  3Q GDP was the first report that came out today with mixed reviews.  The commerce department reported growth in the 3rd Quarter expanded at a 2.6% pace however the street was expecting closer to 3% growth.  Experts say we need growth to be higher in order to get the unemployment situation under control.  The bottom line, the market ignored the mixed sentiment and rallied on the news.  Next up to the plate was Existing Home Sales; Existing home sales reported a rise of 5.6% in November which was better than expected.  All in all the economic reports were not disappointing leading to the modest gains.

Technically we're still in a bull market despite the sluggish energy.  At the trading desk we still prefer the short side from this level and our last Weekly Trading Zone of 1151/1152 level.  With the close we're behind the 8-ball but we like our position.  Additionally, despite being overbought there are a number of sentiment figures suggesting a top is near.  Of course that doesn’t mean we have to trade lower but there are some signs on the wall.  Now, if the SP EMINI continues to grind higher, one should expect the markets to see resistance at the 1258/1259 level and as high as 1266.  If the SP EMINI starts breaking down, in the short term, I’m not going to rule out a break to 1246/1244 level and the 1238/1239 Weekly Zone for the CFRN listeners.

Volume is going to get worse, so sometimes, the best trade is NO trade.  Just a thought!

Statistical Anomaly from the Desk of CT
Price closed today above our highest Weekly Trading Zone. Based on historical data there is only a 6% chance of this happening. If we close the week above the 1251/1252 Zone, not only does that increase the odds of a break and hold in the future to 8%, it points to an incredibly bullish close for the year. 

As stated in Sunday Night's report, we would consider any opportunity prior to the end of the year to buy the SP Emini @ 1225 to be an incredible gift. However, based on the break and hold today above the 1251/1252 Zone, we would now also consider entering long on a pullback to the 1241/1242 Weekly Zone using a slightly larger than normal stop as we view either of these trades as the start of a potential multi-day rally into the end of the year. If you blindly buy at these levels you must keep them on a very short leash. If you wait for confirmation before entering, it will require a longer leash but the odds of being on the right side of the trade are greatly increased. Trading is risky and you can lose all your money. As David often says "The greatest edge you can have is a Stop." The point is, even in a fast market (which this isn't), the worst that happens is your Stop gets jumped by a tick or two, but ultimately your loss is contained. Get it wrong? Just Walk Away And Live To Trade Another Day.  Real Traders use stops!

As an example, this morning I was very tempted to short the 1251/1252 Zone. That alone, hitting our Highest Weekly Zone, is in itself our single Highest Probability Trade along with buying the lowest Weekly Zone. As stated earlier, historical data shows this trade has worked 94% of the time over the past year. That said, even with a 94% high probability wind at my back, I wanted to see one little "tell" on my 30 minute chart before I entered. The tell never came and I did not enter the trade. The tell could appear on the overnight Globex session or during tomorrow's day session. Here's the rub, had I been able to enter today my target would have been 1225 for a stop and reverse. With the change in dynamics my target will be 1243. If we consolidate there, I will then look for the same "tell" to get me long for the long haul up, or short to the 1225 where my gift awaits. If you were not tuned in live today, listen to the podcast and I'll tell you about the "tell" I was after. While you're at it, subscribe to our feed on iTunes and write us a Smokin' Hot Review. That would be an awesome gift as well and much appreciated by the entire CFRN staff.
S&P 500 Emini Futures / ESH1 / Hourly Chart

Stay Alert Stay Alive!

Christmas is not a time nor a season, but a state of mind.
To cherish peace and goodwill, to be plenteous in mercy,
is to have the real spirit of Christmas.
Calvin Coolidge


CFRN Staff Writers / D. Reeves - L. Burton - B. Schlichter  
 


Daily Market Profile Numbers for Thursday 12/23/10
VAH -  1254.25
POC - 1252.75
VAL -  1252.25
Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-1pm Eastern for Live Charts, Live Trading, and Lively Discussion. 




Trading's not easy, but it can be simple!
Become a Member Today!
 
   
     
Pray Hard & Trade Safe!
CT



Tuesday, December 21, 2010

SP Emini Futures Touch Highest Weekly Zone

QQQQ)(DIA)(SPY)(GLD)($SPX)

from the trading desk of CFRN...

“Here comes Santa Claus, here comes Santa Claus” Stocks were strong across the board. Financial stocks took charge and drove the market higher. The Nasdaq has been another driving force and didn’t let off the gas today. As expected, the volume was light and will continue to dry up as we approach the end of the week. Tomorrow we have a few economic reports to lean on, GDP and Existing Home Sales and are expected to come out at 07:30 and 9:00 AM CST. respectively. These are high impact reports and one should expect a reaction off of these numbers.

We’ve expected and reported that this market could reach our last Weekly Trading Zone or the 1251/1252 level in the SP EMINI and HERE WE ARE! Contrary to the trend we want to be short up at this level the 1st time up. At the trading desk we expect this to be resistance and would expect some type of kick back. So to repeat, we want be SHORT the SP EMINI at the 1251/1252 LEVEL. Are we turning Bears, no? Were in a bull market but were at a technical level and we think there is an opportunity here. Look at your own work and indicators to determine if you see the same set up or confirmation. Our immediate target will be the 1245/1244 level and with some damaging news we could see 1238/1239 or 1225/1226 all trend lines and Weekly trading Zones. Let’s hope our special “C’mon baby” indicator kicks in tonight, CFRN listeners you know what I am talking about. 

E-Mini S&P 500 Hourly Chart

E-Mini S&P 500 Weekly Chart  

E-Mini S&P 500 WTZ Chart

I will study and prepare myself . . .
and someday my chance will come.
Abraham Lincoln

CFRN Staff Writers / D. Reeves - L. Burton - B. Schlichter 

 
Daily Market Profile Numbers for Wednesday 12/21/10
VAH -  1249.75
POC - 1248.75
VAL -  1247.25


Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-1pm Eastern for Live Charts,
Live Trading, and Lively Discussion.

Trading's not easy, but it can be simple!
Become a Member Today!
 
   
     
Pray Hard & Trade Safe!
CT



 

Monday, December 20, 2010

Emini Futures Grind Higher

QQQQ)(DIA)(SPY)(GLD)($SPX)

from the trading desk of CFRN...

OVERBOUGHT BUT GRINDING HIGHER! Per our forecast last week, the SP EMINI today took out the weak shorts and the stop losses resting above the hourly double top at the 1242.25 level. Popping thru the stops, the market finally found resistance just shy of last weeks anticipated high of 1246.00 and this week’s Weekly Trading Zone. With a divergent market between the Dow and the Nasdaq, the SP EMINI finished a modest 3 points higher on the day. Despite a strong dollar over lingering concerns in Europe, the strength in the market came from commodities. Crude Oil and Gasoline rose on colder weather. The metals rose as a defensive move against problems between North and South Korea. They were a few of the winners today. 

Weekly Trading Zones
The 1235/1236 Weekly Trading Zone provided support on the Sunday Night Globex Session and the 1244/1245 WTZ capped the up-move on the Day Session.

S&P 500 Emini Futures / ESH1

What’s on tap tomorrow? Traders should expect the volume to be low and any surprises in the marketplace could create exaggerated moves that might not happen if we had full participation. At the trading desk we've been preaching "buying dips" however tomorrow if we get a run to the our last Weekly Trading Zone or the 1251.00/1252.00 level I think a "sell" would potentially be warranted the first time up. Watch your CFRN indicators for a set up at this level. Support should come in tomorrow at the 1238.00 level without any surprises. A surprise? A break of today’s low or 1234.00 could send the LONGS running for cover and push the market down to the 1225.00 level.


CFRN Weekly Trading Zones to watch tomorrow:

 S&P 500 Emini Futures / ES
1251/1252
1244/1245
1241/1242
1238/1239
1235/1236


Your mind can hold only one thought at a time.
Make it a positive one.
 
Unknown

CFRN Staff Writers / D. Reeves - L. Burton - B. Schlichter  

Market Profile Numbers for Tuesday 12/21/10
VAH -  1244.25
POC - 1242.25
VAL -  1239.25


Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-1pm Eastern for Live Charts,
Live Trading, and Lively Discussion.

Trading's not easy, but it can be simple!
Become a Member Today!
 
   
     
Pray Hard & Trade Safe!
CT




Sunday, December 19, 2010

SP Emini Weekly Trade Alert

from the trading desk of CFRN...

It appears to be a foregone conclusion by both institutional and retail traders that the upcoming pre-holiday trading week will be one of both low volume and low volatility. We have 2 thoughts on this.

#1) Earlier this year our Weekly Trading Zones had an average range of 100 points. The ranges have steadily contracted and this week we are down to a 26 point range.

#2) When everyone agrees on anything, you should prepare for a surprise.

Trade Alert For The Week of 12/20/10 
Given the opportunity, consider buying the 1225 area on the March S&P Emini for a potential advance into the end of the year. If price spikes below 1225, we believe 1219/1221 should be final support. As always, trade with a hard stop in place. Because we believe 1225 to be a very important price, it may be tested several times before the advance gets underway allowing for additional confirmation via your own indicators or methodology before entering the trade. Remember, trading is risky and you can lose ALL your money.

Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-1pm Eastern for Live Charts, Live Trading, and Lively Discussion.

Trading's not easy, but it can be simple!
 
 

Friday, December 17, 2010

Pre-Holiday Emini Market Limps Into The Close

QQQQ)(DIA)(SPY)(GLD)($SPX)

from the trading desk of CFRN...

Limping into the closeTriple witching was a non-event and without any major economic news today the market finished the day mixed and traded inside of an 8pt range.

B-O-R-I-N-G! 

So I’m going to skip over the boring descriptive stuff that anybody can write and get into the predictive stuff that might point us in the right direction.  For this I always look at a chart - 

S&P 500 Emini Futures / ESH1
On a larger scale were still looking at dips as a “buying opportunity”.  Why?  The charts are still pointing higher on weekly, daily and hourly scales.  Yes, we might be overbought and the energy might not be the same as we approach or break new highs but we are posting new highs.  So the questions is, if we're buying dips, where?  Last night we noted the Weekly Trading Zone or the 1233/1234 level in the SP EMINI as a buying opportunity.  We could fine tune that and push it to the 1231/1233 level.   I know we're splitting hairs on the entry but I am trying to put the crosshairs on a level for everyone.  I might know an exact level once I see the action over the weekend and into the trading session on Monday.  Anyway you slice it, Thursday’s low or the 1227.00 level is our risk because we had some good energy off this level.  That means money management 101 and use a hard stop or you might be the one limping into the close.  I still think we will break the 1242 level and the double top on the hourly.  The break of that top will force any shorts to cover and launch us to 1246 and/or eventually to the 1251/1252 level.  Just my opinion!.

STAY ALERT STAY ALIVE!

Burt’s “Capture the Move” Webinar

Good, better, best
Never let it rest
'Til your good is better
And your better is best!

Unknown


CFRN Weekly Trading Zones / Week In Review
They say a picture's worth a thousand words. Here's a few thousand...

ESH1 / Hourly Chart

YMH1 / 30 Minute Chart

Market Profile Numbers for Monday 12/20/10
VAH -  1239.75
POC - 1237.75
VAL -  1235.75


Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-1pm Eastern for Live Charts, Live Trading, and Lively Discussion.

Trading's not easy, but it can be simple!
Become a Member Today!

   
     
Pray Hard & Trade Safe!
CT



ps/ Thanks to Mike W. for sharing this great Nativity 2.0 video with us today.


Thursday, December 16, 2010

Emini Futures / Triple Witching Day

QQQQ)(DIA)(SPY)(GLD)($SPX)

from the trading desk of CFRN...

Back on the path but BEWARE OF TRIPLE WITCHING! The SP Emini regained its bullish posture after the little hiccup yesterday.  We came into this mornings trading session a little sluggish for technical reasons and disappointing quarterly profits from FED EX (FDX). However positive economic reports gave a reason for the bulls to be optimistic.  At 7:30 CST, Claims for weekly benefits fell by 3,000 to 420,000 last week.  In addition, the Philly Fed added to the strength when it showed manufacturing growing at a more rapid pace, a pace that hasnt been seen since April of 2005. 

Tomorrow is Triple Witching.  What about triple witching?  How will that affect the market?

Triple witching is an event that happens 4 times a year:  March , June, September and December on the 3rd Friday.  It’s when contracts for stock options, stock index options and stock index futures expire.  The general thought is, this day could be more of a volatile day because traders are covering their positions before they expire. 

E-Mini S&P 500 Chart
(Yes. Our members really do have these numbers before the open every Monday.)

ESH1
Technically, we remain bullish this market until something changes.  Todays close was bullish and we will look for a small retarcement inside today's range to buy.  We will look at the 1233/1234 Weekly Trading Zone and an approximately 50% retracement of todays range as a buying opportunity with our risk being todays low.  In my opinion, if we continue to trade above the 1227 level then I think we rally; run the shorts and their stops out of the market above 1242 and push the SP Emini to the 1246 level.  With alot of energy there is a potential to see our last weekly trading zone or the 1251/1252 area.  Id be impressed if we see that last zone but I think a run through 1242 is realistic.  On the contrary if I am wrong and the 1227 level is broken 1225 "here we come" along with option traders defending there position all the way down.

STAY ALERT STAY ALIVE!

B. Schlichter / L. Burton / D. Reeves


Ability is what you're capable of doing.
Motivation determines what you do.
Attitude determines how well you do it.
 
Lou Holtz


Market Profile Numbers for Friday 12/17/10
VAH -  1239.50
POC - 1237.00
VAL -  1232.00

Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-1pm Eastern for Live Charts, Lively Discussion and Live Trading.

Trading's not easy, but it can be simple!
Become a Member Today!
   
     
Pray Hard & Trade Safe!
CT


 


Wednesday, December 15, 2010

Emini Futures Trading / SP Emini Finishes Lower

QQQQ)(DIA)(SPY)(GLD)($SPX)

from the trading desk of CFRN...

One day wonder? After a 6 day run, the SP EMINI finished the day lower.  Resurfacing concerns in Europe and a drop in treasury prices put the clamps down on the indices. The SP Emini started the day in the hole with last nights Moody’s report that it might put Spain’s rating under review. That news sent the dollar higher against all the major currencies. The dollar strength put a cap on gold, copper, silver and other industrial metals which indirectly weighed on that sector. Fears of inflation sent the Bonds and Notes prices to new lows which put some stress on financial stocks.  Combined the market couldn’t recover its losses and finished the day in the red. Does this mean this is the top? In my opinion, no.  Could we experience a pullback?  In my opinion, yes. The market is long overdue for a correction and corrections are healthy if the market is going to continue to go higher.  This drop might create some short interest that the bulls can feed on later. 
 
Technically speaking
3 Weekly Trading Zones were covered today, the 1239/1240 level down to the 1230/1231 level.  
S&P 500 Emini Futures / ESH1
We still view dips as a buying opportunity and with todays close will look closely at the 1225/1224 as a level of support for tomorrow; this is the old tops on a weekly chart and another Weekly Trading Zone. If reports out of Europe get worse then it’s possible the SP EMINI will travel down to the 1216/1215 area. The common denominator here, we're still viewing drops in the market as potential buying opportunities.  Watch your CFRN Indicators for set ups at these important strike points.  Countertrend traders can try to sell into strength against the 1237 area but you’re going to have to defend the double top or the 1242 level

Stay Alert Stay Alive
B. Schlichter 

Market Profile Numbers for 12/16/10
VAH -  1237.00
POC - 1234.00
VAL -  1231.00

Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-1pm Eastern for Live Charts, Lively Discussion and Live Trading.

Trading's not easy, but it can be simple!
Become a Member Today!
   
     


Pray Hard & Trade Safe!
CT

Tuesday, December 14, 2010

Emini Futures Trading / Prices Higher - Employment Dismal - Recovery On Track

(QQQQ)(DIA)(SPY)(GLD)($SPX)

from the trading desk of CFRN...

RETAIL SALES, FOMC, PPI, oh my! To start the day the SP EMINI’S were trading slightly higher from the strength in the European and Asian markets. The highlights of the day were Retails Sales, PPI and the FOMC meeting. Despite Best Buy (BBY) disappointing the street with a disappointing loss in the 3rd Quarter, Retail Sales showed a 0.8% rise in the month of November beating analyst expectations. On the wholesale front the Producer Price Index (PPI) rose 0.8% largely due to an increase in energy and fruits. Taking out food and energy (core PPI) which is closely looked at by the Fed came in more subdued and offset any fears of inflation. Things that make you go HMMMMM…….Gasoline prices are going higher, food prices are going higher(grains and soft’s), cotton to make clothing is going higher and my health insurance is going higher; so the things that YOU and I spend money on everyday to get to work, to dress and feed ourselves doesn’t count????? With the morning reports out of the way the SP EMINI floated higher in anticipation of the Fed announcement. We didn’t expect any major changes but sometimes you have to play defense going into that report “just in case”. As expected, rates were left unchanged and the 600 billion in QE2 was affirmed. The Fed did say that the economic recovery is slowly on its way but not on a pace to bring down unemployment. All this said, the SP EMINI chopped, dropped to the Weekly Pivot and found a way to finish the day in the green. Wow a lot of huffing and puffing to create a 10pt range. 


S&P 500 Emini Futures / ESH1
On the technical front:

There is a double top in the SP EMINI on the hourly at 1242.00 our Weekly Trading Zone. Aggressive traders could try selling this market knowing their risk would be defending that high. If that high is broken I think the door will be wide open to the 1246.00 level and potentially to the last WTZ or the 1251/1252 level in the MAR SP EMINI. If we stay on the path that we're on, I see support at the 1230/1231 WTZ. A close below that Zone would confirm a short term move to either the 1230 level or the 124/1225 WTZ which I would then view as a “buying opportunity”.

Stay alert stay alive!
B. Schlichter

The only preparation for tomorrow is the right use of today. - Unknown

Market Profile Numbers for 12/15/10
VAH -  1241.00
POC - 1240.50
VAL -  1237.00

Off The Record
As you know, we swore off Equities some 5 years ago. For those of you who were around 5 years ago and followed our CFRN Investigative Series,  we exposed corruption and greed from Wall Street to Capitol Hill to Main Street. From the SEC, to the DTTC, to the Fed, we laid it out for all the world to see. From Mark Faulk, to Bud Burrell, to Rod Young, to Patrick Byrne, to our dearly departed friend Darren Saunders, they all found a voice on CFRN long before they testified at the very Senate hearings created to shut us up. Over hundreds of hours of radio broadcasts, we exposed, documented and archived "the circle of greed" yet nothing changed. Oh wait... yes it did. The Uber Rich got Filthy Rich, many politicos became the Uber Rich, your 401K got decimated, your house is now worth pocket change, and chances are you don't have a job, a 401K, health insurance, or hope.

How's that for the Hope and Change you were promised?

(Sidebar: Amidst all the angst we screamed equally as loud to "Buy Gold". Right?)

So why do I bring up such a sore spot on a sleepless night in Phoenix AZ? Well... our dear friend David Williams has made some good points over the past few days. The S&P futures have been a major snooze-fest whilst some individual equities have done quite well.

I ran through the Nasdaq 100 and made it as far as the letter G. If I don't stop now and catch 40 winks there will be no broadcast tomorrow. I did see some stocks I like for further upside potential, I also saw some that really seem to have run their course. I'm publishing the following list not as a Buy or Sell recommendation but to simply show you what I like and dislike from a purely technical perspective. I also want to invite David to peruse the list and see if there are any stocks we agree on. If we do agree on something you might want to take a closer look yourself. Just never forget why I left the world of market makers, front runners, bashers, pumpers, dumpers and crooked CEO's. Their license to steal has been upgraded.

Other than that... enjoy the list and certainly feel free to offer your own feedback during tomorrow's broadcast. Michael will be out tomorrow morning so I'm considering a bit of an open-mic format. Message me if you want to partake.

Like
SYMC (quite a bit)
BBBY
BMC
CMCSA
CSCO (consider a buy @ 21.50 on a stop)
CTAS
GILD (consider a buy @ 38.25 on a stop)
GRMN

Dislike
ADBE
BIIB
BRCM
CEPH
DELL
ERTS
EXPE

Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-1pm Eastern for Live Charts, Lively Discussion and Live Trading.

Trading's not easy, but it can be simple!
Become a Member Today!
   
     


Pray Hard & Trade Safe!
CT

Trading Room Link

Members check your email.

Monday, December 13, 2010

Emini Futures Trade Higher Into FOMC Meeting

QQQQ)(DIA)(SPY)(GLD)($SPX)

from the trading desk of CFRN...
 
The E-Mini S&P 500 (March) coiled in a fairly decent range today, with some basic chart patterns that were classic and easy to read. By 1:45 PM CST, the double top appeared on the 5 minute chart and the $1242.00 CFRN Weekly Trading Zone became resistance. The 1232 low of the session was in place by 7:35 PM CST Sunday Night, 1 point below the1233/1234 WTZ. Once the clock struck midnight, the official low of the day for today - Monday Dec. 13th, 2010, was 1234 to the tick. It's now Monday evening or the beginning of Tuesday's session and price is now back to 1234.75 or 3 ticks above the WTZ 1233/1234. Zone to Zone to Zone, or If you were actually trading today - ZZZ's.

China tightened its monetary policy perhaps slowing its economic growth, but such a move should be temporary in that it raised interest rates in October requiring banks to have three times the reserve ratio of excess funds. Their exchanges also went through some changes in increased margin or cash reserves for speculation and perhaps they may increase the contract sizes to only allow for large accounts. This would discourage their small investors from entering the markets.

The Financial Times mentioned that the Euro Zone may be allocating some the 440 billion Euros from the rescue package to buy bonds from countries in duress. The rescue continues! The extended Tax Cuts discussed by President Barack Obama should be announced shortly as the program has been labeled “give-away to the rich”. This move should be regarded as bullish for the E-Mini S&P 500.

After climbing to a new recent high today the E-Mini S&P 500 may be due for a pause or slight retracement. Volume alone may decline and the lack of bulls may cause a pause.

Tomorrow is packed with economic reports!Business Inventories 7:30 AM CST 
PPI 7:30 AM CST 
Retail Sales 7:30 AM CST 
FOMC Meeting 

Here... let me draw you a picture - 

S&P 500 Emini Futures / ES
 
The trend is now higher for the near term on the March E-Mini S&P 500. We have many reports due out tomorrow with potentially positive results, yet we know that a pause or retracement is still healthy for a market achieving new recent highs every week. With slack volume this month, will there be enough bullish traders to keep the upward and onward course? Stay tuned, more hot air to come...

Triumphs without difficulties are empty. Indeed, it is difficulties that make the triumph. It is no feat to travel the smooth road. - Unknown

Market Profile Numbers for 12/10/10
VAH -  1241.50
POC - 1240.50
VAL -  1238.50

 
Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-1pm Eastern for Live Charts, Lively Discussion and Live Trading.

Trading's not easy, but it can be simple!
Become a Member Today!
 
   
     


Pray Hard & Trade Safe!
CT
 

Saturday, December 11, 2010

Begg News From Down Under

QQQQ)(DIA)(SPY)(GLD)($SPX)

LEARN TO READ PRICE ACTION BAR BY BAR

 
Friday December 10, 2010
 
 
 
Just a quick reminder that Wednesday's guest Lance Beggs from YourTradingCoach is offering CFRN listeners a comprehensive review of Tuesday's ES session (over 20 pages) in PDF format complete with charts. If you enjoyed the interview and are curious to discover more about how he views the markets and finds trade opportunity within the price action, subscribe to his newsletter at YourTradingCoach and send an email to Lance letting him know you're an active part of the CFRN community. He will reply with a copy of his 27 Page PDF created exclusively for the CFRN Family.
 
One day of trading... 27 pages? Hello? Can you possibly beat down the craving to read what one man could possibly spend 27 pages talking about in regards to one mediocre nondescript day of trading? If you can... you've got more self control than I do. 
 
Lions and Tigers and Bears could not have held me back. Oh my.........
 
You'll be amazed at how Lance walks you through his trading decisions Bar by Bar. I've been telling you for years that my best advice is not to buy indicators (and I sell indicators) but to "Learn How To Trade". Well here's your chance to "Learn How To Trade".
 
Or you can just keep scouring the internet until your fingers bleed for that which doesn't exist. I'm telling you IT DOES NOT EXIST! If it did, I would own it, I would use it, and you would never even know I existed. I would be one of those ridiculously wealthy people on the Upper East Side who has never worked a day in their life. I assure you, Gossip Girl has never issued an email blast about me or any of my clients. I'm a working stiff. Have I worked hard? YES! Have I succeeded beyond my wildest expectations? YES! Did I have more fun giving it away than I had making it? (that was rhetorical)
 
Do I believe Jesus will meet all my needs according to his Father's riches in glory?  YES!
 
Don't be deceived...I have indicators. Awesome Indicators! Yes, I honestly think they are the best indicators in the industry. But unless you are willing to "Learn How To Trade" don't buy our indicators. Our orphans will live for a day if you buy our indicators, but if you "Learn How To Trade" you can change their world forever. 
 
How are old are you?
Google an actuary table. Don't get depressed. As a believer (CFRN is a community of believers who trade for a living) your life is eternal, but your time on planet earth is limited. (sorry, I don't make this stuff up)
 
Now here's the rub, you can leave an eternal gift in a temporary place... 
How? 
So glad you asked...
 
If you my fellow trader, could teach an orphan in Africa how to make $600 a day as opposed to the their national income of $600 a year, and you gave God all the glory for it and taught your student to give God all the glory for it... how long before the Dark Continent would become the Continent of Light? 5 years, 10 years, does it matter?

You need to think long and hard about this. $600 to you and I might be a new set of tires. To a family in Africa it's an annual income. If you actually took the time to become a long distance father and mentor to an orphan at our orphanage. If you were willing to commit a few hours a week to not only teach him how to make 2 points a day, but how to love his wife (1 wife), and to be a real father to his children, and as a result become an example to his village which over time reshapes a nation.....would that be cool? Or would it be one of the most incredible things a Christian could ever hope to accomplish in this lifetime?
 
Originally this PDF created by Lance Beggs complete with charts was to be a bonus for those who purchase his new course. He contacted me Thursday night and informed me that he actually wants every member of the CFRN family to have their very own copy of this 27 page PDF absolutely free.
 
To grab your free copy just send Lance an email  - 
support@yourtradingcoach.com and let him know you're an active member of the CFRN family. If you have not listened to the interview yet, here it is - 
 
 

Each morning prior to our Daily Devotional we will be opening the program with a Candlestick Analysis Video created by Lance. You know already that I'm a firm believer in the Secret Life of Candles (the title of my upcoming book) and each day with the help of Lance's videos, I will be able to share a little more of what I already know and hopefully even learn a few things myself. 
 
I look forward to this new strategic relationship and the benefits it will bring to the entire CFRN Family. 
 
Don't delay - Get Your Free Copy Today! 
 
You can Google till your fingers bleed. You can trade in the simulator and convince your wife and perhaps even yourself that you have a career, at least for a while. But here's the deal, once the 5% Home Equity Credit Line is maxed out and you're forced to move on to the Credit Cards @ 18% to support the trader fantasy...then what? 

Another indicator?
Another time frame?

Maybe you just need to give up. Surrender. Say once and for all..... "Enough is enough".

That doesn't mean you have to stop trading, it means you need to decide that you are going to do what I've encouraged you to do for the past year...... LEARN HOW TO TRADE!
 
The longer you wait, the longer it takes.
How much time do we really have?
 
Our Weekly Trading Zones and Chart Room Access are emailed to members prior to the open every Monday. Join us M-F from 9am-1pm Eastern for Live Charts, Lively Discussion and Live Trading.

Trading's not easy, but it can be simple!
Become a Member Today!
 
Pray Hard & Trade Safe!
CT