Art & Science of Active Trend Trading-Free Report 10-9

Good Day Traders,

Overview & Highlights:  I will host a “Final Hour” live trading webinar this Friday at 12:00 p.m. PDT.  Several members have asked to observe my thought process for placing the Strategy III orders.  A separate Webinar invitation will go out to all Premium Active Trend Traders.

Webinars:  At Active Trend Trading we offer two webinars per week to provide training plus trade and market updates.  See the schedule below for the next webinars.

How to Make Money Trading Stocks on Friday, Oct 14th  
Register now for the next live webinar at the link below:
 Register Here:  https://attendee.gotowebinar.com/register/1406282346712848642
11:00 a.m. PDT

Next Training Webinar:  Oct 12th    
For Premium Members our Wednesday evening training is developing some fantastic traders!
Topic:  Building a Strategic Plan—Pulling it all Together Part 2


General Market Observation:  Some commentators highlighted last week as simply a market with no conviction.  While this description has some validity, the Indexes are still moving enough to make good weekly profits within the support and resistance constraints.  For several weeks the market has not provided any trigger to trade long or short except for short burst.  This is where our Strategy III can help traders continue to generate income while waiting for this market to make up its mind on which direction to proceed.  Next week could be exceptionally volatile with several Fed Regional President providing comments.  This will be topped off with Janet Yellen comments on Friday.  The scenario they used prior the last Fed meeting was to sound very hawkish which cause a drop in the market.  This was followed up with more dovish comments which eased concern and led to a brief pop going into the September meeting.  If this scenario is repeated, then the market could have a bit of a bounce moving towards the election which is week after the Fed.  The next Fed meeting is during the first week in November.

Each of the 3 Tracking Indexes are working within its own track of support and resistance.  The SPX is working with in a wide horizontal range as can be seen on the chart below.  In addition, there is a down sloping trend line that connects the highs over the past eleven trading days.  There is support that has been tested multiple time around the 1243 level.   Both daily Momentum and RSI are flat-lined showing little directional preference.  With that said price action has been moving freely between support and resistance 2165.  If prices break above this level the next level of resistance would be at the 2179 level.  This corresponds to a $2 range on the SPY which can be tradable if conditional orders are used and profit and stop losses are set prior to entry either an upside or downside trade.

The NDX shows it is still living above the main moving averages.  It too is showing a small trading range between the 4842 and 4890 levels.  This equates to a range a bit over $1 on the QQQ’s.  RUT is finding support at the 50 day moving average.  Ever since this Index made a new high on 9/22 prices have moved slightly down.  Like the other Indexes the indicators for the RUT are mixed with the longer term weekly charts looking ready to fall more.  The daily indicators are neutral to slightly negative. 

Both the NDX and SPX may provide the best trading opportunities if one uses the intraday hourly charts to time entries!  A trader doesn’t need to watch the intraday during market hours just make it part of your after-hour review and apply support and resistance lessons learned over the past few weeks.

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SPX:   Downside Market Short the SPY, SPY Puts or SPXU. 
Preferred Long ETF’s:  SPY, UPRO and SPXL

NDX:   Downside Market Short the QQQ, QQQ Puts or SQQQ.
Preferred Long ETF’s: QQQ and TQQQ

RUT:   Downside Market Short the IWM, IWM Puts or TZA. 
Preferred Long ETF’s:  IWM and TNA

The How to Make Money Trading Stock ShowFree Webinar every Friday at 11:00 a.m. PDT.   This weekly live and recorded webinar helped traders find great stocks and ETF’s to trade with excellent timing and helped them stay out of the market during times of weakness. 

How to Make Money Trading Stocks on Friday, Oct 14th  
Register now for the next live webinar at the link below:
 Register Here:  https://attendee.gotowebinar.com/register/1406282346712848642
11:00 a.m. PDT

To get notifications of the newly recorded and posted How to Make Money Trading Stocks every week subscribe at the Market Tech Talk Channel:   https://www.youtube.com/c/MarketTechTalk

–   The Active Trend Trader Referral Affiliate Program is ready.  For more information or to become an Affiliate please register here:  http://activetrendtrading.com/affiliates-sign-up-and-login/

Index Returns YTD 2016

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ATTS Returns for 2016 through Oct 7, 2016

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 Percent invested initial $100K account:  Strategies I & II invested at 0.0%; Strategy III invested at 20%.

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Current Strategy Performance YTD (Closed Trades)
Strategy I:  Up $616.80 or +0.88%
Strategy II:  Up $3187.00 or +3.18%
Strategy III:  Up $25,6019.00
Cumulative YTD:  29.82%


Active Trend Trading’s Yearly Objectives:
–          Yearly Return of 40%
–          60% Winning Trades
–          Early Warning Alert Target Yearly Return = 15% or better

For a complete view of specific trades closed visit the website at:  http://activetrendtrading.com/current-positions/  

Updated first full week of each month.  The next update after first week in October.


Outs & Ins:   No stocks made debut on this week’s IBD 50.  With earnings season approaching quickly there are several pre-earnings candidates that may result in a 5-10% gain between now and earnings. 

Stocks that are currently pulling back or consolidating include: GRUB, FB, EDU, CHFC, ACIA, BGS, PZZA and ULTA.

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Share Your Success:  Many of you have sent me notes regarding the success you are having with the Active Trend Trading System.  Please send your stories to me at dww@activetrendtrading.com or leave a post on the website.   Thanks.

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