Art & Science of Active Trend Trading Free Report for 9-11

Good Day Traders,

Overview & Highlights: The theme for the next few days until the Fed meets next week is to “Keep Calm and Carry On.” We know that September is historically a weak month so we’ll let the current drop help set us up for a potential rally moving into the last quarter of the year. I’m back from my road trip adventure and all features of Active Trend Trading are now back on schedule! Additionally, be looking for more Strategy I alerts as many stocks provide the much waited on pullback.

Lastly, I want to remember the brave souls who perished 15 years ago on this day in the terrorist attack. We must never forget the sacrifice of these people and the men and women who responded in the hour of tragedy. God Bless you all, we will continue the good fight!

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, Sept 16th
Register now for the next live webinar at the link below:
Register Here: https://attendee.gotowebinar.com/register/2318434993628897794
11:00 a.m. PDT

Next Training Webinar: Sept 14
For Premium Members our Wednesday evening training is developing some fantastic traders!
Topic: ATTS Rules Review and Adjustments—Part 2


General Market Observation: Some of the Fed Presidents started making noise regarding a potential rate hike at the September 20-21 meeting and the Indexes reacted. For several weeks we have been talking about how the price action on both the SPX and NDX has been moving in a tight range and that eventually it would choose a direction. On Friday the direction chosen was down. The strongest selloff since 6/24. Now what? Given that September is typically a weak month the magnitude of Friday’s drop may have been influenced by this seasonality. Secondly, the move up since June 27th has been stellar but for the last 60 days’ price action has done nothing but move sideways. Based simply on magnitude, Friday’s move would be considered significant in a normal market. However, 2016 cannot really be considered normal. There have been many forces such as foreign central banks and a very accommodating Fed that has propped up the market. Retreats have been swift but somewhat shallow.

The SPX fell about 2.4% on Friday and wiped out 61 days of a slow grind higher. The chart below shows that price action has now fallen below both the 8/20 EMA combo and the 50 day EMA. Add to this a break of the 23.6% Fib Retracement and now the Fib box between the 38.2% and 61.8% retracement may come into play. Going into this week, I will use any pullback up to the 23.6% or the 2150 level as a potential trigger for a short trade. I will count on continued September weakness and be ready for a bounce moving into October leading up to the elections. The current sell off is healthy so as the Brits say, Keep Calm and Carry On.

The NDX fell but not quite as hard as the SPX on Friday. The drop came to rest at the 23.6% retracement just below the 50 day EMA. Any pullup into the 4750 level may provide a short set up. The RUT also fell to the 23.6% retracement but held above the 50 day EMA. Over the next couple of days, we will see if Friday’s fall was merely a one-day reaction or the start of something more significant. A selloff of large proportions as Friday’s can often signal something more severe is in the offing. Another possible scenario may be that the Fed is toying with the markets as a set up for the election. If the Fed doesn’t raise rates on the 21st it may be a catalyst to rally into the election and we know who that would benefit.

spx-9-9

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, Sept 16th
Register now for the next live webinar at the link below:
Register Here: https://attendee.gotowebinar.com/register/2318434993628897794
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

index-ytd-9-9

ATTS Returns for 2016 through Sept 9, 2016

atts-ytd-9-9

Percent invested initial $100K account: Strategies I & II invested at 0.0%; Strategy III invested at 15%.

atts-ytd-9-9a

Current Strategy Performance YTD (Closed Trades)
Strategy I: Down -895.75 or -1.27%
Strategy II: Up $3187.00 or +3.18%
Strategy III: Up $22959 or +87%
Cumulative YTD: 25.3%

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 in September.


Outs & Ins: Only CHFC was added to the IBD 50 this weekend and is actually a candidate that is pulling back with a great looking chart. Even with a down market Friday, shares of CHFC were being scooped up.

Keep an eye on the IBD 50 or the Running list if the market continues to be weak. Watch for the stocks that are holding up better than the market. These may lead the charge when the market rebounds. Any IBD 50 stock that has broken through the 50 day EMA on high selling volume should be considered a short candidate. Dust off those weekly charts and patiently wait for healthy pullbacks to plan strategic entries. Here are the stocks I’ll be watching to the long side, GIMO, SSTK, COR and ACIA. Short side candidates include: MBLY, STOR, ULTA and ZBH.

in-out-9-9

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.

Bookmark the permalink.

Comments are closed