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Day Trading Course – S&P 500 trading at tops again

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The S&P 500 is trading at the tops again, with today’s trading closing back in the 1590 area on the S&P ES emini futures.

Many are now looking and wondering if more new highs are in store for us?  or perhaps the turnaround here for more downside trading?  I actually don’t see a lot happening right now, a few more days should start to give a better idea of how the next week or 2 may play out.

The last week of trading has seen price move from support at 1535 all the way up to test at the previous top just shy of the 1600 area at 1592.25.  While only a point off of the previous high, some may consider this a double top.  While there is still no signal whatsoever to short the S&P at this time, we can still anticipate what we would like to see while waiting for the right time.  Should the market start to reverse here after seeing this move up on decreasing volume, this could provide a great opportunity to get short going into the summer trading season.  However, should this market keep pushing up and into new highs, I personally see no reason to buy into it now.  I don’t buy at the top, I prefer to sell to those that do.

Day Trading Course gives precise entry and exit strategies to maximize profits in every market and trading style

Day Trading Course teaches key principals to trade any market responsibly and profitably.
If you are feeling the pressure to buy before you “miss the move”, chances are you have already missed it. If you are not sure how to go about trading the market in it’s current state, DON’T trade it. Trade what you see and never listen to the so called experts. If you can’t see the direction of the market and don’t understand how to use a stop, then don’t trade. Never take stock tips, and if it is on the TV as a hot pick, it is too late.

Day trading course focusing on the S&P500 emini futures support and resistance and efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

Futures Day trading course looks at price and direction, the support and resistance and the direction of the market.

Day trading course will be in your area soon, join us for Day trading education.

We normally have a Montreal Day trading course, a Calgary Day trading course, and a New Smyrna Beach Day trading course.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in day trading. Calgary Futures Day Trading Course is happening May 4-6, 2013. Join us!

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Day Trading Course – Today’s live trade

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This is one of my trades this morning. After a nice drop off of the open the ES S&P500 gave me a great signal to get back in for the retracement of the move. Using $1500 of capital and leverage we took this trade for $500 in about 30mins. That’s about a 33% return on capital used in a half hour.

This is how we can take advantage of small quick moves in the market and still make incredible returns in less than a couple hrs a day. Don’t have that kind of time? Then we move into the swing and position trades that take only 15-20mins a day.

Want to know more? Contact us and come out to a live classroom type setting where you can be trained to trade with the master traders. Calgary is coming up May 4-6, 2013. Join us for a fantastic event!

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SP500 holds as Gold Sells off

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S&P500 emini futures hold as gold is selling off.

S&P500 moved down the 50MA moving average. The Emini has hit support and buyers have stepped in.

1541 in the After hours session held support on the Supporting Trend line.

The 50 Moving Average shows support around 1533 which would be matching the previous swing low and the support of the consolidation zone we experienced for two weeks.

Remember April is noted for having head fakes, consolidation zones and then as we enter May we get profit taking.

Gold still selling off in after hours trading and as Asian markets open.

Gold has hit support and the bottom of the supporting long term trend line. This could be an area of support where price could consolidate.

Precious metals continue lower in volatile trade this evening, gold (GLD) off another 1.3% to $1,343/oz., and silver (SLV) tacking on another 3.3% in losses to $22.57. WTI crude oil slides 2.4% to $86.60/barrel. Stock index futures, however, show signs of a rebound, the S&P 500 (SPY) +0.3% and Nasdaq 100 (QQQ) +0.5%.

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