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Slight boost as Rita Calms!

Rita’s calming sends gas prices lower. Small rally
on low volume today. Trends or reactions to
oversold positions? Watch the volume and
oscillators. Get the latest at TradingTrainer.com.

Hey trading team,

This is A.J. on Thursday, September 22nd with
your Trading Trainer web log. We are your
home of market insights for the serious option
trader. This web log will cover the events in the
market from today as well as prepare you for
watching the market tomorrow.

So Rita calmed a notch down which sent oil
prices down off their daily highs, and in turn the
market rallied somewhat although on lighter
volume. In fact, everything flip flopped. Oil
and mineral stocks dropped. Builder and retail
stocks gained. So, what did we see here?
We’ll, the Dow and the NASDAQ hit horizontal
support and rebounded off. As well, the Dow
formed a key reversal up price pattern. The
question in my mind is, we were at such
extreme oversold positions… is this what
happens when you release the pressure? Is it a
reaction or a trend change? We can’t bank on
anything today. While the market is deciding,
it’s probably best if we sit on the sidelines till
our confidence increases.

Tomorrow is going to be a lot of watching and
reacting to Hurricane Rita. From my
perspective, it’s all about finishing out the
week. My intention tomorrow is to start my
weekend early.

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
resource box at the end intact.

TradingTrainer.com Web Log

Categories: Blog

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