ACTS Money Machine

How A Bear Can Be Bullish And Still Be Right
By Nico Isaac

In recent months, Elliott Wave International President Bob Prechter has become something of a household name. In the final two days of August 2009 alone, Bob was mentioned by several news outlets from MarketWatch to the New York Times. The claim to his “fame”– Read More.

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0730.ET
World Markets are Up Big and US Markets are Up strongly right now.
QQQQ/SPY are currently Trading at 43.34/ 109.45
QQQQ Resistance is at  43.61, then 43.80, then 44.14, then 44.68, then 44.92
QQQQ Support is at 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals and Targets .. or the lack of them for continued follow-through.
I am leery of the strong Open we are looking to have now . . . make sure there is follow-through higher and a breaking of Resistance that Holds before loading up on Long Up positions. … as a Bear, I will be looking for weakness during the Open to Short … but will not fight continued Strength in order to do it.
Be  sure to check back here tonight for my Commentary on today’s action.

There are some Economic Events out today starting at 0745.ET.

Precious Metals are Up over 1% and  the US-Dollar is Down right now.

AMC Commentary [protect]

Another wild day .. another Island .. another stop at the Range Top . . . neither Bulls nor Bears are winning over the past two months . . .

1 – the 15-min Chart shows the many Islands over the past few weeks as well as the Range that QQQQ has been in:

2 -the Islands/Gaps/Range  on the Daily Chart .. look how perfect today’s Gap was! . . .

3 – QQQQ Daily divergence .. with Support Levels:

4 – a bigger-picture QQQQ Daily view showing the Wildness and important levels:

5 – one of our Helper Charts, the USD/VIX ratio, shows just how Wild the Markets have gotten . . after such a long and nicely defined Channel they were in:

6 – this Daily SPX Chart shows the defined Channel it’s fallen below as well as some close Supports:

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Gold: What’s REALLY Behind the Record Rise, Bull or Bubble?

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0805.ET
Far East Markets are Up Big while European Markets are Down Big . . US Markets are Down slightly right now.
QQQQ/SPY are currently Trading at 43.34/ 109.45
QQQQ Resistance is at  43.61, then 43.80, then 44.14, then 44.68, then 44.92
QQQQ Support is at 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals and Targets .. or the lack of them for continued follow-through.
Be  sure to check back here tonight for my Commentary on today’s action.

There are some Economic Events out today starting at 0945.ET.

Precious Metals are Down and  the US-Dollar is Down right now.

AMC Commentary [protect]

You could tell by 1015.ET that it was going to be a slow Range-bound day . . and it was . . . . nothing really to write about our learn from . . . so I thought I’d take the space to give a general, big-picture look at the Markets.

Looking at the three Charts below, you can see that the NASDAQ is actually looking the weakest for now . . . but all three are looking long in the tooth . . . with the more recent RSI peaks being lower and lower each time the underlying Market rallies higher … this is called negative divergence. . . . and usually calls for a Down-turn coming … although this manipulated Market has been churning higher through the negative divergences of the past nine months! . . . also, watch the 20- and 50- day moving averages rolling over Down as well . . . you can see the NASDAQ apparently going first . . . the DOW is looking the Strongest of them right now . . . but remember this past weekend’s lesson that the DOW Transports is not following it higher . . more negative divergence:

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Here are my thoughts and Annotated Charts for Trading this coming week . . . and my Trading Plan for tomorrow: [protect]

1 – this Monthly SPX Chart shows its inability to get and stay past 1100 . . . I will be using “Closing and Holding above 1100 for a few days” as a Bullish sign and “Closing and Holding below the green line (1065)” as a Bearish sign:

2 -  this Daily SPX Chart shows the Up-Channel that it’s been in since March . . and how SPX has broken below it in recent weeks . . . watch to see if it struggles to get back into that Channel . . not doing so would be a sign of weakness:

3 – this Annotated Chart shows the DOW Transports (and the DOW)  . . . the Transports are not participating fully with the latest move higher in the DOW .. which is worrisome for the Bulls:

4 – this 60-min QQQQ Chart  zooms in and looks at early Trading for tomorrow (Monday) . . .  I will be looking to see how QQQQ Opens .. expecting at least a small move higher .. and will watch and see how it reacts against that Down-sloping pink line and horizontal blue level . . also watch to see if the StochRSI indicator gets Up into the 0.80 zone or is rejected Downwards again . . . if QQQQ does start to fall again, look for that Open Gap (42.5x bottom) to be the first Target:

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More than 130 banks will have failed by the end of 2009. Is Your Bank Safe?
By Gary Grimes

By the end of 2009, more than 130 banks will have failed. Most depositors will have little clue their bank was even at risk. Worse yet, the string-pullers in Washington are doing everything in their power to hide information about the safety of your bank from you. Learn what you can do now to protect your money.  Read More

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0630.ET
World and US Markets are mostly Down slightly.
QQQQ/SPY are currently Trading at 44.03/ 110.40
QQQQ Resistance is at 44.68, then 44.92
QQQQ Support is at 44.14, then 43.80, then 43.61, then 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals .. or the lack of them for continued follow-through.
Subscribers, read what I wrote last night and look at the Annotated Charts I posted then for guidance.
Use any break-outs of Friday’s Range as well.

There are some Big Economic Events out this morning starting at 0830.ET .. be watching for them!
They will have a big effect on the Open and early Trading.

Metals and Energy Commodities are Down while the US-Dollar is Up right now.

Yesterday we got some weakness .. the pull-back we’ve been waiting for … now is the time to see how Strong the Markets are .. or not!

Also, don’t forget that this is Options Expiration week . . Friday is the end of November options.

AMC Commentary [protect]

WoWser! . . the explosive day I said we’d get after Tuesday’s Inside Day . . . I am predicting a Bounce tomorrow before beginning a Down Trend next week . . . the Bounce would re-test the old Support Levels that were broken Down this week. . . Here are some Annotated Charts of today’s action:

1 – you can see on this 5-min QQQQ Chart how devastatingly Down the Open was . . . however, around 1000.ET a lot of Buying came in .. and in large Block Trades I saw passing by . . . this tells me that someone smart was Buying as the prices were falling . . . and then, after one more lunge Down (always watch for that), the Market rose the whole rest of the day:

2 -see how the Drop was nicely supported by the 80-ma on this 60-min QQQQ Chart … another Bullish sign .. for tomorrow:

3 – here’s that explosive move that I called for . . . along with lots of important levels shown around it:

4 – this Daily QQQQ Chart shows its Powerful Long-Term Pivot Levels . . see how important they are .. don’t forget to look at them often:

5 – and lastly, our Institutional Helper Chart . . . with some interesting sights and a new twist at the bottom (XII : QQQQ ratio):

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Guide to Swing Trading!

Prechter’s FREE 10-Page Market Letter: Be One of the Few the Government Hasn’t Fooled

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0725.ET
World Markets are Up big … US Futures/Markets are Up as well.
QQQQ/SPY are currently Trading at 44.24/ 110.71
QQQQ Resistance is at 44.68, then 44.92
QQQQ Support is at 44.14, then 43.80, then 43.61, then 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals .. or the lack of them for continued follow-through.
Subscribers, read what I wrote last night and look at the Annotated Charts I posted then for guidance.

There are some Big Economic Events out this morning starting at 0745.ET .. be watching for them!

Metals and Energy Commodities are Down while the US-Dollar is Up right now.

Yesterday we got the break-out of the Trading Range we’ve been looking for .. it was to the Up-side . . . look for at least a slight consolidation now .. probably retesting the break-out level around 44.1x . . . THEN watch what happens to see what the future might hold.

Also, don’t forget that this is Options Expiration week . . Friday is the end of November options.

AMC Commentary  [protect]

QQQQ moved within the first Support/Resistance levels today .. forming an Inside Day. . . . so no further breaking-out today .. just consolidation of yesterday’s move. . . . So, I think it best to just watch tomorrow and wait for a break-out .. keeping in mind that Friday is Options Expiration day .. and the next three days are usually Volatile without any reason except for expiration positioning . . . Here are today’s Annotated Charts and Commentary:

1 -the 15-min QQQQ Chart shows the break-out yesterday and the consolidation within the same levels today:

2 -this Daily QQQQ Chart sur looks like it is ready to Roll Down some . . . like it has been Rolling since March . . . . it can still be within the overall Bull move higher, but coming Down would provide some Profits as well as a good place to enter Uppers:

3 -this Daily QQQQ Chart shows a clear picture of the Inside Day and also has all of the nearby Support & Resistance levels:

4 -a LT Weekly View of QQQQ to see how far she’s come Up and see how she looks relative to “Before the Crash”:

5 -here’s a Daily Chart of NAT . . a stock that Cramer brought up with great Fundamental reasons to Buy . . . and I like the Technicals breaking out as well . . wait for a slight Dip . . or just jump in and Buy first thing in the morning:

6 -Here is a Longer-Term view of NAT:

Good Luck !!!

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Short-Term Swing Trading !

How A Bear Can Be Bullish And Still Be Right
By Nico Isaac

In recent months, Elliott Wave International President Bob Prechter has become something of a household name. In the final two days of August 2009 alone, Bob was mentioned by several news outlets from MarketWatch to the New York Times. The claim to his “fame”– Read More.

If Stocks Tank, Shouldn’t Gold Soar?
By Jeff Reckseit

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0645.ET
World Markets are Up big … US Futures/Markets are Up as well.
QQQQ/SPY are currently Trading at 44.23 / 110.43
QQQQ Resistance is at 44.14, then 44.68, then 44.92
QQQQ Support is at 43.80, then 43.61, then 43.40, then 43.17, then 42.8x, then 42.3x

Use these levels to look for turn Signals .. or the lack of them for continued follow-through.
Subscribers, read what I wrote Friday night and look at the Annotated Charts I posted then for guidance.

There are some big Economic Events out this morning starting at 0830.ET .. be watching for them.

Metals and Energy Commodities are Up while the US-Dollar is Down right now.

Watch for a break-out of the Trading Range we’ve been in for the past 3-days … early morning Trading now puts us at the top of that Range and even a little above . . . watch the Opening for Turn Signals . . . and be aware of the Economic News that came out before then.

Also, don’t forget that this is Options Expiration week . . Friday is the end of November options.

AMC Commentary [protect]

A Big Up day that broke through the last wall of Resistance and Closed above it . . . it would seem time to get Bullish .. LOL .. but the risk is that it has come so far already . . shouldn’t there be a correction Down?

Here are my thoughts on another day that is hard to read:

1 – the Daily OE Pivots QQQQ Chart shows the perfect jump over the wall:

2 – the Weekly Chart shows that QQQQ has fought its way all the way back Up to the 2006 High . . unbelievable! . . knowing what you now know about what happened in 2007 and 2008 and conditions have not gotten better, would you be Buying stocks ??

3 – zooming out even further on the QQQQ Weekly shows us the same thing . . . back Up to the right before the Bubble and Burn . . are we destined to repeat ??

4 -it’s amazing! . . QQQQ went Up today right to the next Long-Term Pivot and retreated back Down . . . which way is next . . .

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BMO Commentary

Happy Veterans’ Day !!

The Markets are Open but will be very unpredictable today . . .
there are no Economic Events today . . .
I recommend just relaxing and enjoying the day.

AMC Commentary

A sharp Up Opening and then a drift Downward the rest of the day Closing a little higher . . . she sure is looking weak and ready to tumble Down some . . . we had a Spinning Top Closing daily-candle today .. somewhat Bearish under normal circumstances.

Some news I wanted to share . . . this Blog is going to start featuring a lot more Swing- and End-Of-Day- Trading Techniques/Education/Charts . . . I, personally, am having more of a need to shift a lot of my money into Swing- and Day- vehicles as opposed to Day-Trading . . . no fears, Day-Trading will still be a large focus .. but Swing- and EOD- Trading will start to get a lot more visibility . . . including new Trading Systems/Models to handle them as well.

Here are my thoughts/Charts/Commentary on today’s Market action:

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In general, we got the early push above recent Chart patterns I showed (esp. last night) . . . but the pull-back for the rest of the day may have negated their “break-through” power.

1 -QQQQ can be seen re-testing recent Highs . . tomorrow’s action will tell us if there’s more Up to come or not:

2 -here is the Renko Chart I showed last night .. updated with today’s action and overlaid with a pattern I noticed today . . . as Volume increases while price stays within a Range block (the Renko bar does not move as Volume increases each day under it) is a good alert of the next Trix crossover forecasting a price Reversal . . . keep an eye on the current, right-most Volume bar increasing if the current price-block does not get broken higher out of .. could be a sign of a coming Reversal: (this is the new indicator I spoke of today on the Message Board)

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Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis
By Elliott Wave International

The Bounce Is Aging, But The Depression Is Young
By Bob Prechter

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0710.ET
Far East Markets are Up some while Europe is mixed-Flat . . . the US Markets/Futures are Down Slightly.
QQQQ/SPY are currently Trading at 43.44 / 109.37
QQQQ Resistance is at 43.75, then 43.8x
QQQQ Support is at 43.17, then 42.90, then 42.6x

There are a few Economic Events out this morning starting at 0745.ET . . Retail Sales numbers followed by some Treasury Auctions and Fed Speakers . . . not much to affect price action once a Trend is established after the Open.

It’s not looking like there’s any follow through for the Open after yesterday’s Big run higher … good news for this Bear! . . . depending on the Retail Sales numbers, I am expecting a slight rise at the Open followed by some Down movement . . . watching for Signals at the start of an intra-day Trend that will tell us how Strong it might be. (how long it might last)

AMC Commentary [protect]

After a quick Down Opening, QQQQ once again rose higher for most of the rest of the day . . . I’m still Holding out for a Drop coming real soon as these runs higher are done on such low Volume . . . which, unfortunately, tomorrow will be again!

Here are my thoughts for the day:

1 – today’s intraday action on a 5-min Chart . . capped at the top by the morning’s high and a rising support underneath by the 89-ma . . one of them has to give tomorrow:

2 -the Institutional Index (XII) shows some divergence between a massively higher MACD and prices just barely reaching the highs of 2-weeks ago:

3 -QQQQ has reached back Up near the highs of 2-weeks ago on this Daily Chart showing the November OE Pivot-Levels . . . declining Volume recently does not bode well for prices breaking out higher .. Plus, there are several Gaps still left Open below:

4 -our amazing Long-Term Pivot-Levels have pointed the way again . . this Daily Chart shows the high Pivot-Level we’re at and those Open Gaps below as well:

5 – QQQQ has broken out into a higher range on our Renko Chart . . very Bullish .. but it is breaking out on such low Volume that I am leery to jump into Up positions:

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Black Monday: Ancient History Or Imminent Future?

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0810.ET
Far East Markets are Down Big .. European and US Markets/Futures are Up slightly.
QQQQ/SPY are currently Trading at 42.01 / 106.29
QQQQ Resistance is at  42.20-42.30, then 42.50, then 42.70
QQQQ Support is at 41.90-41.70, then 41.50, then 41.30, then 40.7x – 40.6x, then 40.3x

There are Big Economic Events out this morning starting at 0830.ET . . so be careful!

I expect QQQQ to start out slightly lower today (depending on the Economic News at 0830.ET) and then Trade within the Range of the last two days . . . a breakout (and Hold) out of that Range in either direction would be important for determining the next direction. I am anticipating a lower Volume day and will not be Trading today . . . I’m going to enjoy the day with my family.

For those of you interested in following good Elliott Wave articles, here is an excellent feed to monitor:

AMC Commentary

Well, I was wrong about Volume and magnitude of today’s move . . .
but will probably be found right about today’s break-out determining the next Trend (Down).
Here are my multitude of Annotated Charts with Commentary going into this weekend:
[protect]

1 -the 60-min Chart shows what a nice KISS yesterday turned out to be . . . and then right Down to the Target I previously posted:

2 -lots of little things to see and learn on this Daily QQQQ Chart . . . I see at least a little more Down coming:

3 -the Daily QQQQ with Monthly OE Pivot Levels Chart showing the next Target .. and what might come next:

4 -WoW! ..  our Long-Term Pivot-Levels are simply amazing!

5 -remember that strange Range-Chart (Renko) from yesterday . . . it just may be pointing the way:

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Easy Forex Candlesticks!

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BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0730.ET
Far East Markets are Down Big .. European and US Markets/Futures are Up slightly.
QQQQ/SPY are currently Trading at 41.51 / 104.80
QQQQ Resistance is at 41.90, then 42.20-42.30, then 42.50, then 42.70
QQQQ Support is at 40.7x – 40.6x, then 40.3x

There are Big Economic Events out this morning starting at 0830.ET . . so be careful!

My Trading Plan for today is shaping up just as I Posted last night in my AMC Commentary . . . the only thing that will change it are the Big Economic Events due out this morning at 0830.ET

AMC Commentary

The Market Bounced today as I predicted last night . . . [protect]

QQQQ Bounced back Up to hit and stop at some MAs and we had an “Inside Day” on the Daily Charts … usually pointing to a Big move in the next day or three.

These are my thoughts about today:

1 -this 5-min MSFT Chart shows my thinking on Microsoft today . . . I was just about to Open a PUT option position, when I got Signals that she would start rising . . . this is what I saw and why I left her alone:

2 -this 60-min QQQQ Charts shows how price rose right Up into the Longer-Term Moving Averages . . setting up a possible KISS Reversal tomorrow … prices can rise Up to around that 42.40 Congestion area just above the current price and if it fails, come crashing Down . . . this would still be within our KISS realm . . . moving higher than that would negate a possible KISS back Down:

3 -again prices moved between the same two Long-Term Pivot-Levels . . . hitting one as QQQQ Dropped and Bouncing Up right off of the lower Pivot and then moving Up and Closing right on the Upper Pivot . . . how’s that for know where the Targets are going to be! . . . also notice the Inside-Day on this Daily Chart:

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Gold: What’s REALLY Behind the Record Rise, Bull or Bubble?

BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0720.ET
World Markets are Down Big and US Markets/Futures are Down slightly.
QQQQ/SPY are currently Trading at 42.25 / 105.95
QQQQ Resistance is at 42.4x, then 42.70 – 42.90, then 43.15-43.30, then 43.70 – 43.80
QQQQ Support is at 42.20, then 41.85, then 41.7x, then 41.6x

There are Big Economic Events out this morning starting at 0700.ET and then 0830.ET . . pay attention to them and be careful!

I’ll be looking to Bank Profits on my Short Microsoft (MSFT) as well today .. like I did very Profitably last week. . . as always, I’ve used PUT options to accomplish my Down position (Shorting).

I see a weak Opening this morning, but always watch out, using our Model/System, for a Bounce . . . I am Bearish over the near-term, but the masses are still Bullish and can rally the markets quickly on dips if they see fit . . . and the Smart Money is all too happy to sell to them at slightly higher levels.

Don’t forget to check out my Long-Term Charts and Vote for me at the bottom of the page.

AMC Commentary

Now that was a nice day! . . . I’ve been calling for a Top during this entire recent consolidation .. look back at most of my Annotated Charts for the past two weeks. . . Anyway, now that we had a Big Down day, what’s next . . . [protect] firstly, I Closed all of my Short positions by the end of the day … I think we get a Bounce Up tomorrow/soon and then I can load up on some more Shorts . . . Adding money to my  Bank account is always a great thing . . . so, let’s look at the Bigger Pictures to see what might be on the horizon:

1 -first, we can see the break Down on this Short-Term Chart . . . none of the Supports Held and then price road under the 8-ma all the way Down:

2 -the same thing but looking at the 60-minute Chart . . . there are those Tops I’ve been pointing out too . . . very OverSold now in these Short- and Intermediate- Term time-frames .. hence maybe a short-lived Bounce:

3 -now let’s zoom out to a Daily Chart . . . now you can see a possible reason to Bounce some . . . that 55-ma is Holding her right there for a possible profit-taking and pressure-relief Bounce:

4 -another Daily Chart, but with the November OE Pivot levels shows the drama of the break Down . . the space below is clear, but I can see a Bounce Up to retest the S1 level or even back Up to that Key 42.32 break-Down / triangle-fulcrum area . . . these would be great! places to Open Downers again:

5 -this Daily Chart shows the never-changing Long-Term Pivot-areas . . notice their power:

6 -let’s zoom out even more and look at a Weekly QQQQ Chart . . . there’s that Long-Term blue line (43.0x) I’ve been touting for weeks might stop the Bulls . . . QQQQ has not Closed above it on a weekly basis since it fell below it over a year ago:

7 -here’s our favorite Helper Chart I introduced to you a few months ago . . . it sure does paint a pretty picture . . . that rising VIX is very Bearish . . . watch to see if it starts to come Down again .. that would stop the Bears:

8-here’s a strange one I’ve only shown you once before .. about a month ago I think . . . if that last red block continues Down and completes a red block or two below the green Up-trend line, then we’ll be ready to load up the truck with Down positions:

9 -as long as we’re putting up some “strange” Charts, here’s my Elliott Wave Chart (Elliott Wave Principle) that I drew a month or more ago . . . QQQQ has gone up and hit that 61.8% retracement line and has been temporarily halted:

Don’t forget to read my Trading Plan tomorrow morning BMO.

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How A Bear Can Be Bullish And Still Be Right

Here are some Longer-Term looks at Annotated Charts about where the Markets (and QQQQ) might be going in the near future: [protect]

1 – this 60-min QQQQ Chart shows its Trading Range coinciding with the DOW hitting 10,000 . . . this is a key area to get and stay above if we are to take the Bulls seriously:

2 -this Daily Chart of QQQQ shows its Long-Term Pivot-Levels . . . we just hit one perfectly as the DOW hit 10,000 . . QQQQ then has fallen back Down since then . . . watch these key levels for direction and Strength:

3 -this Weekly QQQQ Chart show it price in terms of ounces of Gold . . . it has a topping-look of the recent rise . . . but in a long-term Down-trend in the bigger picture:

4 -this Monthly SPX Chart shows prices hitting the Sep-2008 lows . . . breaking and staying above this level will be key for a continued Bull run higher:

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BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0530.ET
Far-East Markets are Up Big while European and US Markets/Futures are Up slightly.
QQQQ/SPY are currently Trading at 42.00 / 105.80
QQQQ Resistance is at 42.10, then 42.45 – 42.7x
QQQQ Support is at 41.60, then 41.20, then 40.7x – 40.9x

There are very few Economic Events out today . . . nothing to trade against so Volume might be slightly lighter than usual. My Plan would normally be to look for a Reversal Down Signal as we move Up into Resistance .. like previously this week . . . but given the anticipated light action, I may just sit out unless I see a Strong Reversal Down Signal once we hit Resistance .. although I caution that if the Volume is lighter, any Reversal Down may be short-lived . . we really like to have Big News Events to drive the Market harder for our QQQQ Options Scalping.

Yesterday’s Action:

The DOW Industrials rose 131.50 points Tuesday, in strong upside follow-through to Monday’s rise.
The NASDAQ 100 rose 29.61 points Tuesday, closing at 1,705.25.
The Russell 2000 rose 10.87 points Tuesday, closing at 601.98.
The HUI Amex Gold Bugs Index rose 28.71 points Tuesday, closing at 439.08.
Gold hit a new all-time high Tuesday, October 6th, as an avalanche of dollars being injected into the economy is boosting inflation assets. November Gold rose to a new all-time high, closing at 1039.1.
Silver rose to 17.28, while December Oil rose to 71.45.
The Dollar fell 0.39 to 76.31.
Bonds fell 8 ticks to 122^01.
The VIX fell 1.14 to 25.70.

AMC Commentary [protect]

A very lackluster day . . as expected . . so I just stayed out and Relaxed after 1015.ET or so . . . once I saw the Range we were going to be in would be contained between our first Support and Resistance Levels (listed above BMO).

Be sure to go HERE and see my Longer-Term Charts . . . we are at key levels longer-term as well as short-term . . . . be sure to VOTE for me at the bottom of that page . . . thanks !!

Look at last night’s Charts and you can see that we were contained within the Down-trending Levels . . . so no key break-out yet.

I am going to post the Long-Term Pivot-Levels Chart to refresh your memories of how powerful these levels are . . . prices are Strongly attracted to them:

Stay tuned tomorrow for the early morning Commentary and any Trading Plans that may develop.

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Trading Pro System — Make Money Regardless Of Whether The Market Goes Up Or Down!