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Keep Watching Indicators!

Oil market gets slight boost early, but
diminishes. Neutral bearish market
turning upward slightly. Give it a go on
paper trading today. Watch the volume
and Oscillators. Get the latest at
TradingTrainer.com.

Hey trading team,

This is A.J. on Monday, September 26th with
your Trading Trainer web log. We are your
home of market insights for the serious options
trader. This web log will cover the events in the
market from today as well as prepare you for
watching the market tomorrow.

The fact that Rita was well prepared for, lost a
lot of energy before hitting land, and spared a
lot of the oil rigs and refiners sparked an early
morning rally. But then, the long term effects
of oil being tight set in and the rally was
quenched. The small caps led the way today.
The small-cap S&P 600 as well as the Russell
2000 made some very nice gains. Looking from
a technicals perspective the broad market looks
to have hit a bottom last Thursday and since
then has been on a pseudo rally. Some things to
look out for in the short term to confirm the
rally might be a price movement of over 1% on
volume that is heavier than the 200 day average,
price being above the 200 day average and the
Chaikin Oscillator crossing up above its zero.
For the long term, we’re looking for the 7 day
moving averages to cross up above the 30 day
moving averages, that MACD to cross up above
its MACD average, and for the 30 and 40 day
averages to trend up for 20 day straight. Right
now we’ll be keeping our trading bias at neutral
bearish.

Team, like I said in the opening comments, there
are some short term indication I am looking for
with respect to the broad market trend. Till I see
those indications, and I am seeing evidence from
the individual stocks that, till they see those
indications, you can’t put any confidence into
any movement. Remember, volume guides our
movements. If we don’t see heavy volume,
staying on the side lines is a healthy alternative
to loosing money. If you want to try a
speculative trade, by all means, give it a go… in
your paper trading.

Okay, team. I’m done.

Till tomorrow, happy market watching, trading
and money making. Trading Trainer is here
helping you create your dream lifestyle.

Best regards always,
A.J.

Click on the below play button to hear
the blog as an audio from A.J. himself!


About the Author
A.J. Brown is a full time options trader, author,
speaker and consultant. Watch him review stock
charts on video each day, listen to his audio
newsletter where he leads you by the hand
through the end-to-end process of successful
options traders and get tips and tested strategies
proven to boost your return on your invested
capital by massive amounts in his membership
site at TradingTrainer.com today.

* You may reprint or distribute this article as
long as you leave the content, the links and the
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TradingTrainer.com Web Log

Categories: Blog

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