S&P 500 day trading course.  Money Maker Edge day trading course is coming to Corona, California on November 4-6. Two days live training and one day live day trading.

Have you noticed that most investors have ended up being a victim of the markets? If you have ever been intrested in controlling your own finances and not leaving your investments in others hands, join us for a three day live training seminar in Toronto, where you will learn how to get back financial control of you r investments.

Our live training is a small group of  6-8 traders in the S&P 500 emini futures.

We will be covering:

• Business strategy –  easy to use template that we will help you with every quarter to stay on track takes less than 5 minutes.
• Money Maker Edge Trading Code, a group of trade rules to follow.  This is the base for every trading day.
• Money Maker Edge Trade Journal – Recording and quantifying results and keeping.  So you can rely on what you did versus what you think.

S&P 500 day trading Journal

S&P 500 Day Trading Journal

• Precise Entry points – learn where to get in.
• Price and Direction – see as the market maker sees.
• Trade Strategy that keeps your from taking the trades that cost.
• How to set daily, weekly and monthly targets so you trade less and make more.
• When to trade and when not to trade.  The exact times.
• Trading plan – to match your schedule.
• How to let the trades come to you.
• Trading with targets and how to manage risk.  The difference between an investor and a Money Maker.
• How to get your income, wealth and freedom trading.
• How to spot the highest probability trade and when to look for it.
• Mastering your strategy – learn to see how you trade and make your strategy to fit your trading type.
• How to be responsible for your trading and level of choice in the market.
• Money Maker Edge trade settings  - How would you like to know specific times to trade and not to trade.
• We will train you to understand and set your personal responsible trading practices.
• The working s of the market  and how to use these to your advantage versus being taken advantage of.
• The difference between direction and hope.

How to enter the trade and minimize risk so you don’t throw your money away.

We are including a trade journal, the trade manual with the Money Maker Edge methodology, and membership to our trade room where you trade live with other profitable traders.

You don’t have to trade alone. The Money Maker Edge S&P 500 live room’s participants normally trade for an hour to an hour an half during the market.   This room is open to anyone that has had the S&P 500 day trading course and most  reach their daily goal in under and hour.  This trading room helps re enforce the trading methods we use and makes it easier for the beginning trader to see the trades and make better choices. This is open to all traders that have completed our course.

BONUS: On the second evening we will be training you in The Financial Wall(TM) - breaking through to financial freedom. This activity has empowered many to break free from their restrictive money games.  For many, it is the first time they will be able to choose how to play their money game.

If you have any questions or For more information call Joel at 866-640-3737

S&P 500 day trading course for S&P 500 emini futures. Online and live trainings with a live trading room giving day traders a system and support. Trading with a group of profitable traders. Emini futures course focuses on trade mastery and practice

S&P 500 day trading course levels on daily and weekly chart.

Trading opened today at 1082.25, up 13.5 points from yesterday’s 1069.75 close. We traded down the early part of the day to our low of 1077.75 by about 10:30am market time, then started with higher lows for the rest of the day. The high came in at 1089.75 around 3:30 then relaxed a little to close trading at 1088.75, up 20 points from yesterday’s close. Day time trading gave us a range today of 12 points while the gap at 1069.75 was left open for today.

S&P 500 day trading course, levels of support and resistance. Live trading room with Joel Wissing.

Extreme high 1027.75
Extreme low of 973.75

Point of control 994

We slowed down to a crawl today with a very tight and range bound trading day. Volume dropped off to 1.9 million today after yesterdays 3 million plus. Hopefully the market will face the piper on some of the valuations in equities and get this cleaned out in the third quarter. September is known as the worst performing month on the indexes and it has basically started off with the kind of direction to propel the markets lower. Lots of support here, but for how long?

Join us in Montreal for a live training on October 3-5 with 1 day of live trading and 13 weeks of the live trading room.

Riskier assets continued to grind higher
during a week in which US earnings and economic data, along with solid European
auctions created a calm market environment. The US earnings season for
stocks recently began and of the 10 percent of companies that have reported,
more than 70% have exceeded expectations. Implied volatility also declined,
pushing the VIX volatility index below support.

The euro has improved over the past week as bond auction results have
been better than expected and economic data and news developments have been
subdued. However, despite the recent short-covering rally seen over
the past few weeks, the political uncertainty and periphery debt risk should
eventually weigh on the currency.  Next week, Portugal, Greece, Spain, Italy,
Germany and France will test the debt markets. While the ECB’s LTRO operations
have helped in part to stabilize funding market stress and immediate market
pressures, helping to mitigate sovereign risks, the recent string of EU auctions
are just the beginning of the funding season.  Indeed, the real test for markets
will come in later in the first quarter with Italy and Spain’s bond redemptions
totaling nearly 70 billion Euros.

Next week, the highlight of the US calendar is likely to be the FOMC
meeting on 1/25/2012.  The first meeting of 2012 will bring a shuffling
of the voting rights among the FOMC district president. This week’s FOMC meeting
is likely to bring forward a new communication strategy by the Federal Reserve.
In particular, policy makers are likely to make public member’s projections of
the appropriate policy rate in the years ahead to increase the Fed’s
transparency.

In the US, the economic highlight was the better than expected
jobless claims report.  Initial jobless claims fell by 50,000 to
352,000 in the week ended Jan. 14, according to the Labor Department. The
decline was the largest in a single week since Sept. 24, 2005.  Jobless claims
have now returned to levels seen before the US financial crisis. Economists had
forecast claims would fall by 19,000 to 380,000.

Initial jobless claims fell by 50,000 to 352,000 in the week ended
Jan. 14, according to the Labor Department. The decline was the largest
in a single week since Sept. 24, 2005.  Jobless claims have now returned to
levels seen before the US financial crisis.  Economists had forecast claims
would fall by 19,000 to 380,000.

Euro
short squeezes up

Technically, the Euro was able to rebound off of the recent lows near 1.26
and create a short squeeze up to 1.29.  Last week commitment of traders report,
showed a record short position in Euro futures which is bound to cause
additional short covering.  A break above horizontal trend line resistance near
1.3070 will likely lead to a quick test of the 1.32 range.

S&P likely to test 1325

The S&P 500 broke above resistance
levels near 1306, and is likely to continue to grind higher to test the 1325
resistance point.  Momentum indicators such as the MACD are pointing to higher
levels as the index moved above 1, for the first time in 6 months.
Additionally, the cross of the 50-day moving average of the 200-day moving
average should add upside momentum.

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After yesterday’s move down and test on the 1180 area of support, most are begging to wonder if this will be it? or if this is only the beginning.  Well perhaps a bit if both is approprate.   However for now I am only interested in what is to come for today and maybe the rest of the week.

Day Trading Course teaches how to read the market and understand key concepts in risk management, entries, and targeting efficiently.

As you can see in the chart below the move to the 1180 support has touched also to the Fibonacci 50% retracement line, a great place for a turn around.  With price having moved back to the 1290′s and now testing the 1285 area going into the open, it could be anybody’s day today including slow and consolidated as trader may be indecision after this 100 point move down.  If price moves up and off of the 1185 area on the 4 hr chart this will give us a higher low, which in turn could give us a higher high to look for.  Key area’s we will watch for should we get the turn and signal will be the 1296.00 and the 1206.50 area’s.  From there the longer term upside targets will be the 1215.00 and 1220.00 area’s.

Day Trading Course teaches methods for successful trading in even the most volatile markets.  Come and join us for our next live event in a  city near you.

If we see price break through lows once again, then on we could go to test into the 1260, and even the 1240 area over coming days.  As more comes from Eurozone news as well as the US, this market has certainly seen a lot of emotion in recent months.  One thing is certain about this market….   The roller coaster ride is not over yet.

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Day Trading Course, S&P moves on “Clear Signs of Progress in Europe”  and positive U.S. GDP

The S&P 500 rallied 45 points yesterday as a reslut of Positive US GDP numbers and the EU summit agreement on Greece and ESFS.   The S&P traded right into resistance in the 1275-85 level and is opening today’s trading at the 1275.00 area.  Today’s trading could see a continuation of the upward movement if investors continue to take on more risk in the stock market.

Day trading course focusing on the S&P500 emini futures support and resistance.

Should trading open with a retracement, 1270, 1266 and 1255 will be the downside targets for today, with 1284.50, 1294.00, 1300.00 and even 1307.50 as high side targets should the rally continue into the weekend.

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

Trade what you see, I’ll see you at the starting line!  Check on the side for Day trading course and Stock trading course times and locations.

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All US stock Futures rose yesterday on signs that policymakers are stepping up thier efforts to stabilize the eurozone.  S&P, Dow Jones, and Nasdaq all traded up a few points closing up around the 1% gain area.  Today`s price action show major resistance in the 1197.00 – 1200.00 area on the upside, while premarket news releases has price testing down to the 1183.00 area at the moment.  More news is scheduled later this morning, this could provide a push through resistance if things come out right.  If not we could be looking at remaining in the 4 week channel we have been trading.  Should a break to the upside occur we will be looking for 1192.00, 1198.500, 1209.50, and 1223.75.  If price remains in the channel then previous low side targets will be used at 1179.75, 1175.25, 1165.50, and 1160.00.  Trade what you see, I`ll see you at the starting line!

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S&P 500 Traded straight down today, giving us a wonderful day if you have been following the blog and using our posted targets.  Trading today took the market down 30 points to close every low side target listed for today, then closed trading for this week on daily support area at 1152.50.  Stay tuned for next weeks posts on Direction in the market and target area;s to watch for.

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Here is a picture of my trade as it is live in the market right now going into the close.   I took the long position yesterday morning at 1141.00 and have held it until now.  Target has been 1200 area from the start, my exact target is in at 1204.00 right now for a total of 63 points.  However with the unpredictable overnight trading and the slew of news tomorrow (most of which is pre-market), I have tightened my stops in to 1196.00.  This secures me 55 points and more than $4000.00 on this trade, with a total elapsed time under 30 hrs.  If by chance it does pop up slightly more to grab our target we will close at 63 points and an additional $400 in profits.  I will post later with final results.

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Yesterday, trading saw the S&P 500 reverse from a major move down into the weekend, with another 35 points down through Sunday and Holiday Monday.   S&P tested the 1135 area of support yesterday morning before buyers re-entered the markets, changing direction back in a bullish direction.  Price moved from yesterday’s 1135 low and has traded into the 1180 area of resistance through overnight trading.  Should buyers remain in control of this, target area’s include 1181.00, with 1189.50, 1202.00 to follow and an extreme high of 1218.50.  Volume on yesterday’s trading saw just over 3.1M contracts, keeping with the increased volume we have been experiencing lately.  With price approaching the top of this bearish flag pattern, an increasing volume pattern along with a break through the resistant trend line could clear the way for price to move back to the 1255 area again.  However if price moves into the 1200 area of resistance and buyers are not committed to see it through, this would be the area that I would watch for the turn and another, larger, move by the bears.

Trade what you see, I’ll see you at the starting line!

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