Stock Market Trading and Analysis for 08/04/2008
It was another awesome day of profitability and analysis to cap off a fantastic week, and there’s a lot more coming up! Thisvideo series is geared towards Investors, Swing Traders, and ultimately Day Traders who want to be armed with key observations for the upcoming major market move that will be happening shortly! Remember: You will consistently hear me reference previous videos during my nightly presentation. That’s because each new video builds upon the last as we demonstrate real world …
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Hey POS!,
No problem, glad I could help you with a solution!
Regards and good trading!,
Robert
I really appreciate you taking the time to post the key levels, they were very difficult to read on the screen.
Hi Ben!,
That;s where the Art comes in versus the Science. That’s years of experience I try to convey to people each day!
Regards and good trading!,
SnP
Hi Milnarf!,
Thank you! I’m going to address that fakeout as well in the 08-05-2008 video so watch for that!
Regards and good trading!,
SnP
Hi there Mark!,
You are very welcome! I’m glad you appreciated the emphasis on those key concepts.
Please commit them to memory!!! They will serve you very well in the future I assure you! Keep up the good work!
Regards and good trading!,
SnP
Hi Taylor!,
That’s great! Nice work on your part and I’m sure you’ll find it well worth it!
Regards and good trading!,
SnP
Hi Frank,
One that comes to my mind was the Londong bombings back in 2005. The pre-hours sold off hard only to have a really nice rebound several hours later.
Regards and good trading,
SnP
SNP,
Your levels worked well today. I thought the 1255 level would hold coming back off the breakout and it went thru it like butter at the 3:15 bar. That was the only fakeout I saw and was perplexed. Thanks.
Hi SnP
Thanks again for your response earlier… just another quick question… Is it possible (have you ever observed) a delayed market reaction to good news / bad news, (example: oil goes down early in the morning, the market rallies late afternoon and sustains it) ?
I’ve never observed one myself, and today was a good example since the rally in response to falling oil died out at 3pm EST.
thanks again.
Frank
Hello SnP – I took some time this wknd. to catch up with all the older videos..it was well worth the time. Thanks for the effort you have put into this channel and for the emphasis on core concepts: avoiding fakeouts, patience ["waiting for the right pitch"] etc.
Cheers,
Mark
Great vid SNP. You’ll be happy to know I finished watching all of your videos over this weekend!!!! I was alot of work, but it was well worth it. Keep it up, and I can’t wait for your website to get up and running.
Good Morning SnP, thanks for all the assistance you’ve provided, question, is there a video to map out the same key levels for this week in the same way you achieve this. I’ve look at videos 3-24, 3-31, 4-28,4-29, 5-16, 2-29, & 4-07. I guess my question is how do you go about determining if a primary sup/res level will be in play? Considering that it was touch or hit already.
Hi there Matt!,
I mentioned to another member last night (We2US1) that I would post the information by 8:00a.m. ET this morning.
The good news is I did it by 6:30a.m. ET so they’re ready for your review!
Regards and good trading!,
SnP
Special Note to Traders!
The following are the longer-term key levels for this week!
1319-1321.50, 1313.50 — 1316.50, 1308 — 1310, 1303.5, 1299 – 1301, 1296.50, 1289.50, 1281 — 1284, 1279, 1270-1272, 1264, 1261, 1253-1256, 1246 — 1248, 1241, 1236.50, 1231.50, 1227.50, 1217 — 1220, 1213.50, 1202, 1195, 1183, 1179, 1160
Here are the Daily Pivots for today while we’re at it:
1284.50(R2), 1272.50(R1), 1262.50(PP), 1250.50(S1), 1241(S2)
Regards and good trading!,
SnP
Hello everyone!
Do we see snp:s famous patter forming a buy signal at this moment? Is it Valid SnP?
I just started trading CDF with 1$/point value and spread with one dollar. A bit more expensive then mini but good practise. I have a wathed more then half of your videos and they are great.
Anyway I bought,
Tank you
Thanks for great videos.
Hi there I cant seem to find the levels you said you were posting?
Regards
Hi there Len!,
Thank you very much for this tip. That’s what makes this community great as I’ve said many times in the videos…. Traders helping traders! Hopefully it will help the many that experience this problem randomly each week!
Regards and good trading!,
Robert
Hi there MJ!,
You are very welcome and I’m very glad to see you put forth the effort to really educate yourself and develop a whole new level of trading knowledge! It’s great to know you’ve seen the value here and growing every day!
Regards and good trading!,
Robert
Hello SnP and all other traders.
Regarding “video no longer available”.
I had this issue for weeks until a little help came my way. The problem is in the LAN settings of internet explorer. Open up internet explorer and click on “tools”. Click on “internet options”. Click on “connections”. Click on LAN settings. You will need to un-check the box that offers “automatically detect settings”. This completely solved the issue for me. Good luck. Len W.
Hi Robert, You are so right about the amount of information in the past videos. I have begun taking notes of each one and adding screen captures ocasionally to emphasize a point. I’ll be doing that for a while and perhaps by then some mentoring slots will open up! Thanks again for sharing this incredible wealth of knowledge.
Hi there We2!,
You are absolutely in the right spot! Check back right here be 8:00a.m. ET tomorrow morning!
Regards and good trading!,
snP
Hello Snp,
I’m new to your channel and am beginning to go through your videos. I’m excited to begin watching this in action tomorrow. In this video you mentioned you would post the s/r levels in the comments, but I have been unable to locate them. Perhaps I am looking in the wrong place and hoped that you could direct me to the correct spot. Peace and good trading!
Hi Magnum!,
Seldom do I ever use market order entries. It happens, but not often. My entries are typically very precise and for a specific purpose.
I do use divergence indicators amongst other tools as part of the process.
Review my comments to ssvnv above regarding penetration points.
Finally when my official chatroom opens I will be doing something similar to what you’re referring to with your request above.
Regards and good trading!,
SnP
Hi there Brabo!,
Congratulations! I know you’ve been working hard on that! Nice work!
I wish more people would commit more energy into learning from my videos and learning as you have above. You can lead a horse to water but you can’t make it drink! Kudo’s to you though for taking it seriously.
So great job thinking about how to aplly the knowledge and making it part of your trading plan!
Regards and good trading!,
Robert
Hi there Frank!,
You’re very welcome. Don’t forget I’ve done videos in the last several weeks where I showed basically the exact opposite of this which is where the sells weren’t selling with like patterns to the downside! You have to be able to go both ways with your thinking and my analysis!
Regards and good trading!,
SnP