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Ive been quiet lately, preparing for our Advanced Training Class in March! Am really looking forward to that. Ive had several emails, really complaints, that I have not updated the blog lately. My bad !! Can only do so much in a day but Ill try to update every day again.

I did manage to do a quick trading update video today so check that out!

Today we had two different possibilities. (1) A one and done Pullback Setup! or, (2) a losing NSE out of NO Zone, followed by a full recovery on the reversal, and two more profitable trades after that.

So why did people grab the NSE and while others grabbed the Pullback?

Generally, the Pullback is good for 4 ticks. Hey, 4 ticks a day is a nice income, so dont knock it! But the NSE out of No Zone generally warrants 6 8 ticks. A lot of students want to make more than 1 point profit per day, hence the NSE out of NO Zone..

Enjoy the emini update video below and please get in touch anytime!

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What would you do if you came across someone on the street that had not had anything to eat for several days?  Would you give that person some food?  Well, the next time you get that impulse you might want to check if it is still legal to feed the homeless where you live.  Sadly, feeding the homeless has been banned in major cities all over America.  Other cities that have not banned it outright have put so many requirements on those that want to feed the homeless (acquiring expensive permits, taking food preparation courses, etc.) that feeding the homeless has become “out of reach” for most average people.  Some cities are doing these things because they are concerned about the “health risks” of the food being distributed by ordinary “do-gooders”.  Other cities are passing these laws because they do not want homeless people congregating in city centers where they know that they will be fed.  But at a time when poverty and government dependence are soaring to unprecedented levels, is it really a good idea to ban people from helping those that are hurting?

This is just another example that shows that our country is being taken over by control freaks.  There seems to be this idea out there that it is the job of the government to take care of everyone and that nobody else should even try.

But do we really want to have a nation where you have to get the permission of the government before you do good to your fellow man?

It isn’t as if the government has “rescued” these homeless people.  Homeless shelters all over the nation are turning people away each night because they have no more room.  There are many homeless people that are lucky just to make it through each night alive during the winter.

Sometimes a well-timed sandwich or a cup of warm soup can make a world of difference for a homeless person.  But many U.S. cities hav

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Macroeconomist Mark Thoma is wondering whether Federal Reserve Chairman Ben Bernanke is finally coming to terms with the Feds role in the national economic crisis based on recent comments Bernanke made before the House Committee on Financial Services that did not mirror the Chairmans typical rose-colored pronouncements. As he related in a recent CBS News commentary, Thoma has been given hope by Bernankes sterner disposition that the Fed will continue to support the U.S. economy during the tender stages of its recovery, rather than resort to austerity before any improvements have a chance to take root.

I have been pretty critical of the Fed throughout the crisis. I still don’t think policy is aggressive enough, and the Fed has been behind the developments in the economy due to its propensity to see green shoots that aren’t actually there. But at least it’s leaning in the right direction:
COMMENTARY Federal Reserve Chairman Ben Bernanke seems to have learned an important lesson.

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Sure is a lot of buzz today about the economy really showing signs of turning around…

Hmm, lets see… just on CNBC.com we have: Warren Buffet stating that single family homes are very attractive Pending home sales rise to a two year top Apple hits a new high (good for them!)… AND the DOW is above 13000 and they say if it closes above 13000 we are off to 15000!

Of course I am not an economist. Maybe the economy IS getting better. But I don’t believe it. Too many factors like unemployment, fuel prices, and the fact that 80% or so of companies in the US are NOT hiring.

I don’t know…. I just don’t buy into it..

What I DO know though is TRADING. That, I know inside out. Ive been a day trader, swing trader, and a market connoisseur for a long time.

I remember telling my students we were bottomed out at the 660 level or so. And right now

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