In today’s video, I discuss some major support areas in the S&P 500. Did the market reach one Friday near its lows? Will traders sell positions into the close because they don’t want to be long through the weekend? If it doesn’t hold, the levels mentioned in the video will be even more important.
Read Article
After the extreme break in the S&P 500 on October 10th, the markets have been trading in mostly sideways. Sure, there was follow through on the 11th as you can see in the chart below, but since then it has not continued the break. During the 7-day consolidation period, volume and volatility have slowed markedly. […]
Read Article
In today’s video I discuss the recent bearishness of the market and how to take advantage of this via inverse ETFs.
Read Article
Instead of a video today, I have two stark charts to view. Do they look similar? Perhaps to some, but when the “structure” is removed, the second chart should look quite different from most. In the first chart below we see the old bullish structure; we can see the perfect channel rising from the lower […]
Read Article
In today’s video update, we look at the S&P 500 and where it was supported Monday, which was exactly where I suggested last week. So what do you do with this macro-info if you don’t trade ETFs? In the second half of the video, I discuss a deep buy: MMM.
Read Article
In today’s video, I discuss the current market weakness and what’s causing it (hint, it’s two things, actually) and what may cause further weakness.
Read Article
Since Monday was October 1st, and since there were a few major market meltdowns during this month, the press wants to know if the highs are in. Except, the market exploded HIGHER this morning due to the new tri-lateral trade deal that replaces NAFTA. In today’s video, I discuss this new deal and what, if […]
Read Article
I’ll give the global/macro approach to the markets a rest today. In today’s discussion, I’d like to talk about Elon Musk and Tesla. In the first chart below we can see that there was a massive move lower; a gap down, followed by strong add-on selling. What happened? Was Elon Musk smoking pot again on […]
Read Article
Today’s video discusses several reasons for Monday morning’s weakness, including a potential political problem. The video dovetails well with Friday’s post of the S&P 500 support and resistance levels (Hint – it’s on one right now).
Read Article
In today’s video, I discuss the market’s new highs, as well as targets for the Dow and S&P 500. In today’s world, trade wars and ever-increasing tariffs are BULLISH… who knew? Professors will have to rewrite their economic textbooks to include this wonderful new wrinkle in the markets.
Read Article
We choose to let our members and students speak for themselves. We do not actively solicit testimonials, no compensation has been paid for any testimonial, and testimonials are not necessarily representative of the experience of all students. All monetary claims made in testimonials that you see depicted in our marketing material have been verified by Prosper Trading Academy and attested to by the members that have given them. Verified testimonials encompass “experience” reviews that highlight the personal experiences of working with our team and “performance” testimonials where we verify trading success of students who have enrolled in our programs.Given the broad reach of the internet, testimonials and reviews of our programs that we have not been able to verify can be found on various websites across the internet which are beyond our editorial control. While we do very much enjoy hearing positive things from our students and it is critical to our mission that everyone is satisfied with their journey with Prosper, we encourage you to take both verified and unverified testimonials for what they are.