Tutorials

This session featured the epiphany of a hitherto unrecognized E-Mini S&P target at 1337.75. There were several ways to get short, but as you will see, the decision we made hinged as much on guts as on coldly mechanical reasoning. Incidentally, two days later the trade was solidly in-the-black. At least one student who attended the class ‘did’ the trade, which he shared in the chat room in a timely way.

How does one trade a $700 stock in the final hour? Very carefully, of course, as this 8-minute recording makes clear. In a tout disseminated the night before, I’d suggested using camouflage to get long in Google. Using the one-minute chart, here’s one approach that would have worked, although the trade was subsequently stopped out.

A short position we’d initiated two weeks earlier in the E-Mini S&Ps had gotten stopped out this morning, producing a $4600 gain for anyone who traded as instructed. Although there were good technical reasons to infer that the stock market’s weakness would resume after Thanksgiving, if the rebound in Apple continues, it could conceivably turn the broad averages sharply higher as the new year begins.

The impulse leg rule is one of the simplest and most powerful tools in the Hidden Pivot arsenal. Using it to manage stop-losses is a trick that even novices can do successfully, often with results that would rival the most sophisticated risk management systems. This recording contains some of the most detailed advice I have offered to date on the subject.

The election will have enormous consequences for investors. From a technical perspective, and to put it mildly, it doesn’t look good for the broad averages. However, a detailed technical look at some popular stocks during this one-hour session revealed that there will be bullish opportunities nonetheless in certain stocks, including Facebook, Priceline and Amazon. Gold futures, meanwhile, look like they will meander sideways at best. If you’re looking for forecasts that are bold and precise, I invite you to review this post-election look at the markets using Hidden Pivot Analysis.

Should we be bullish on the Dow Industrials if the S&P 500 looks ready to fly? Not necessarily, as we discovered when we looked closely at the long-term charts of both vehicles during this session. In the process of technically weighing one index against the other, we came up with a way to recognize which signal to follow if and when it comes.

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.