Webinar

Tired of getting stopped out of trades that would have worked beautifully if you had allowed just a little more room? The impulse leg concept offers the simplest and most effective tool one could possess to deal with this all-too-common problem. Toward the end of the lesson, we looked at a short in December Gold that perfectly demonstrated how impulse leg dynamics can help a trader summon the courage and wisdom to stand pat when the countertrend turns menacing.

During this lesson, we uncovered the very subtlest of opportunities in a trading vehicle that was designed to track “dynamic retail” firms, of all things. Our analysis hinged on a small but important one-off ‘A’ low that made the uptrend not only potentially usable for trading purposes, but also for predicting a strong holiday shopping season. With the broad averages and bullion trading within equally tight bands on this particular morning, we found subtleties in other vehicles as well, but nothing that promised the high leverage we have come to expect from camouflage trades.

Even in tedious markets, there will be opportunities to force trades. But how far should we bend the rules in order to do so? During this session, we pondered some fine nuances of that question as we pored over December Gold’s intraday charts. The futures were in the second week of an apparent consolidation, presumably setting up for a $30 thrust. In this case, as you will see, the lure of a potential $3000 winner is not necessarily sufficient to coax the canny Pivoteer beyond the boundary of good sense.

A 14969 DJIA projection in Rick’s Picks seems so preposterous that we took time to verify it on charts both big and small. The lesser charts will work best at this point, since we need a finely nuanced indicator to warn of even a hint of weakness. We also pondered December Gold’s recent failure on the weekly chart to surpass two important peaks made late last year and in early 2012. This could mean imply that on a breakout above $1800, gold futures will not be sufficiently energized to continue to $2000 without taking a few breathers. As always, the key to getting the forecast right lies in correctly interpreting the lesser charts.

Because several ‘touts’ from Rick’s Picks were in play, we spent most of the session attempting to leverage real-time opportunities in three trading vehicles: Crude Oil, the E-Mini S&Ps and December Gold. Although each seemed poised to extend its respective short-term trend, we did not get a valid trading signal during our hour together, perhaps because of the ‘watched-pot’ effect. Nevertheless, our time was well-spent contemplating some of the very subtle opportunities that were available to the canny ‘camouflage’ trader.

With stocks hitting new recovery highs and T-Bonds breaking down, we took a close look at some long-term charts to see what may lie in store for investors. This lesson stresses the crucial importance of midpoint Hidden Pivots – not only for analytical purposes, but for leveraging trades in various time frames. We also digressed briefly to discuss the tactical nuances of a complex option position currently held in Apple.

Bonds and precious-metal shares have been acting differently lately, even as the Mother of All Bear Rallies continues its relentless climb. Is inflation about to surge? Could be. In any case, because T-Bonds have been in a bull market for three decades, any change would have significant implications for all other classes of investables. During this session, we looked at some key charts to determine whether we might be witnessing the beginning of a tidal change..

We looked at the charts of some popular vehicles as usual, but this session also contains a beginner-level discussion of how we can use option strategies to leverage Hidden Pivot swing points. Although an option calculator is useful for determining the fair value of puts and calls, it takes considerable expertise to use one. You'll see that there are ways of getting around this problem if you can "read" the grid of option bids and offers that comes with most trading platforms.

Notwithstanding the problems of Europe and a global economy headed into apparent recession, the charts we looked at during this session say very clearly that stocks are capable of going much higher. This came through so clearly in the QQQ chart that we segued to a Dow chart just to make sure that we weren’t hallucinating. On the trading side, we turned the lesser E-Mini S&P charts inside out looking for immediate opportunities, and there were some good ones to be found.