Art & Science of Active Trend Trading-Free Trader’s Report 5-9

Good Day Traders,

Overview & Highlights: I was thinking this week about how remarkably simple it is to work the Active Trading System using the great stable of ETFs based on 3 Indexes, 2 Industries and 2 Commodities. All one needs to do is be patient and persistent in observing and reviewing 7 entities. Providing both Non-Inverse and Inverse opportunities provides flexibility regardless of trade direction on the primary Indexes. I am really looking forward to some seasonality trades coming up over the next few weeks and months. 2017 continues to shape up as a year for Explosive Growth.

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

After Market Monday’s—Free Fast Paced Webinar every Monday after the Market closes at 1:10 p.m. PDT. Invitations are posted weekly at: https://www.facebook.com/ActiveTrendTrading/

How to Make Money Trading Stock WebinarFree Webinar every Friday at 11:00 a.m. Pacific Time. 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, May 12th
Register now for the next live webinar at the link below:
Register Here: https://attendee.gotowebinar.com/register/7952554681009498371
Time 11:00 a.m. PDT

Next Training Webinar: May 10th
For Premium Members, our Wednesday evening training is developing some fantastic traders
Topic: Risk Management – Never Try to Get Even!

** Friday’s “Final Hour”: May 12th **
Time 12:00 p.m. PDT
For Premium Members, provides trades and set ups during the final hour of weekly trading.


General Market Observation: Seems like the 3 Tracking Indexes are following their own script moving into the mid-section of May. No price action clues that a correction or significant pullback is imminent. But, what are other clues associated clues saying?

SPX: Stalling at the resistance level of 2400. Oscillators on the daily chart appear to be weakening and weekly charts are showing negative divergence. Note that even the Market Forecast Oscillator showed a three-line cluster in the overbought zone. This can be indicative that a more significant drop is in the offing. Will stalling action at an established resistance level lead to a more significant correct? We shall see.

The candle patterns accompanying this stalling action are a Hanging Man & Bearish Engulfing. Both are bearish reversal signals. Will the SPX followed simply modulate between support and resistance until October? If it does then we will trade between the various levels of support and resistance.

NDX: Pushing higher on but with significant negative divergence showing up on the weekly charts. Price action on the Index is stronger than the other two Indexes. Prices are extended, and the trade on NDX is wait for pull back setups even if triggered on intraday hourly charts.

RUT: The Russell is finding support at 1380-1390 levels. Momentum has dropped below the “zero” line so prices may search for lower support. At this point there is neither a long nor short trade on the RUT EFTs.

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

How to Make Money Trading Stock WebinarFree 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, May 12th
Register now for the next live webinar at the link below:
Register Here: https://attendee.gotowebinar.com/register/7952554681009498371
Time 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

Index Returns 2017 YTD

ATTS Returns for 2017 End of April Closed Trades

Percent invested initial $116.6K account: Strategies I & II invested at 9%; Strategy III invested at 17%.

Current Strategy Performance YTD (Closed Trades)
Strategy I: Up $2288.85
Strategy II: Up $1213.00
Strategy III: Up $5721.99
Cumulative YTD: 7.91%

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 June.


Outs & Ins: Five stocks make their debut on the IBD 50 mid-week. CTRL, GPN, MELI, NCLH and YY. None of the new stocks are close to a buy point, or they have earnings approaching rapidly.

The top stocks from the Fundamental Sort were: MELI, LRCX, AMAT, TAL, CGNX & PAYC

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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