Art & Science of Active Trend Trading, Free Report 11/1/15

Good Day Traders,

Overview & Highlights: Lots of companies reporting over the next 3 weeks. Check any stocks you may be holding to insure you have at least a 10% profit cushion before holding over earnings. Secondly this Wednesday night’s training will provide a very valuable review of how best to trading the enhancements to the Active Trend Trading System. With only 9 weeks left in the year the timing of this training is perfect to move successfully through the rest of 2015.

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 Nov 6, 2015.

Register Here: https://attendee.gotowebinar.com/register/4465485427072266241

Next Training Webinar: Nov 4, 2015

For Premium Members our Wednesday evening training is developing some fantastic traders!

Mid-Week Market Sanity Check Topic: Trading the ATTS with Enhancements


 

General Market Observation: With 9 weeks left in the 2015 is up the path of least resistance? There are many cross-currents working globally from stimulus action in Europe and China and a Fed that wants desperately to save face and raise rates before the end of the year! Right now we don’t know how this tug-o-war will play out but is should be interesting and make for an exciting end of the year. We have 3 weeks before entering holiday trading and potentially a Santa Claus rally. The pecking order of the Tracking Indexes is NDX strongest, SPX next and RUT still playing the role of “tail end Charlie”. The monthly charts of all three indexes was positive. Will this translates to new highs on the NDX and SPX? Will it translate to the Russell getting in gear through the end of the year? Will the Fed raise rates in December and does it matter? It could be that a sideways trading range may actually be the path of least resistance.

It remains a market of stocks and finding the stocks hitting on all cylinders is key to trading the remainder of the year successfully.

SPX: Friday was the last day of the month and the monthly chart of the S&P shows a positive monthly move supported by 5 weeks of moving up. Last week the index sputtered a little and finished the week with a Spinning Top weekly candlestick which is telling us that price is ready for a rest or has hit a level of resistance that will blunt the press to move higher. If support at 2058 is taken out then we may be seeing a classic lower high on a weekly chart. This could set the stage for a drop back through the daily and weekly moving averages that are currently favoring the uptrend. To trade the SPX ETF’s to the long side a pullback to the around the 8 day EMA would provide a potential long entry, but remember this would be the third pullback to this level over the past 5 weeks so it could be providing clues of weakness and not strength. Additionally both momentum oscillators are lagging price action on the weekly chart—not a sign of strength.

Preferred: SPY, UPRO and SPXL

SPX 10-30W

NDX: The NASDAQ 100 finished Friday with a Bearish Engulfing pattern on the daily chart. Price action came close to the yearly high at the 4694.13 level but may be either pulling back or pausing. The weekly chart show a long upper wick for the week telling us that sellers did come in to push back from the resistance high level. A support zone starts at 4599 which is also the level of the 8 day EMA. The gap up window provides support from 4599 down to 4505. I will trade the NDX much like the S&P ETF’s honoring the uptrend but recognizing that we could be witnessing a more traditional lower high or double top in the case of the NDX.

Preferred ETF’s: QQQ and TQQQ

RUT: The weakest of the Tracking Indexes. As discussed previously this is a positive and a negative. If additional momentum strength comes into this index and it breaks up with gusto then it could be in for a bigger run to catch up with the other two indexes. On the flipside of that scenario is any negative weakening could drive price quickly back to the last swing low at 1080. The challenge be ready for either direction.

Preferred ETF’s: IWM and TNA

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The Early Warning Alert Service has hit all seven major market trading point this year. A new update video will be posted on this service the week of November 1st.

If simplifying your life by trading along with us using the index ETF is of interest you can get the full background video at: http://activetrendtrading.com/etf-early-warning-alerts-video/

The How to Make Money Trading Stock Show—Free Webinar every Friday at 10 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.

The “How to Make Money Trading Stocks” Show Nov 6th

Register Here: https://attendee.gotowebinar.com/register/4465485427072266241

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/channel/UCLK-GdCSCGTo5IN2hvuDP0w

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Index Returns YTD 2015

 

Index YTD 10-30

ATTS Returns for 2015 through Sept Oct 30, 2015

24.0% Invested

Margin Account = +8.5% (Includes profit in open positions)

Early Warning Alerts = 10.2%

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.


Outs & Ins: CBOE and GGAL make their debut on the IBD 50 list this weekend. CBOE reported earnings on 10/30 and dropped to the 20 day EMA on heavy volume. On a weekly chart it appears more like a double top pattern showing a Shooting Star reversal candle. GGAL made a strong pre-earnings run and reports earnings on 11/4 during market hours. There are better candidates within the IB 50 list that these two add-ons at this time.

LNKD is back on the list after a hiatus of several months. Price gapped above resistance at 233.18 and I’ll be watching to see if price pulls back to this level or waits for the 8 day EMA to catch up before planning any potential action. Overall 40% of the IBD reports earnings within the next 3 weeks. 14 of these companies report this week.

In-Out 10-30


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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