We will be giving an encore presentation of the TradeMaven Inside Edge Methodology!
Join us TUESDAY after the close in the Inside Edge Chat Room: http://trademaven.omnovia.com/tmaven
The password is “trademaven”. We’ll start at 3:30pm Central / 4:30 Eastern.
Pending Home Sales index will be published at 9am Central followed by the Treasury Budget at 2pm; I cannot believe either of these reports will bring bullish news. PPI, producer price index, will come out Wednesday Morning.
Sell resistance and as the price trends through support levels, sell when the market rallies back to those levels. Markets are cyclical; in a downward trend the market will hit a new low and then rotate toward a lower high, this is the area to sell. (downward trend = lower lows and lower highs) Setting a 2 point stop is inadequate protection. If the market goes against you on little volume traded, stick with the position. If your position turns against you on HIGH volume – dump it immediately!
We’ll be at the Las Vegas Traders Expo later in the week; details are posted on the homepage: www.trademaven.com. So if you are looking to punch me out for my market analysis, I’ll be there.
Pivot, Support and Resistance for Tuesday, Nov 13th:
What is Inside Edge?
A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
