Frank Ochoa, the Pivot Boss On Tap For Today

Special note:  Frank Ochoa, yes you read that right, the Pivot Boss himself will be in our trading room

http://ttthedge.adobeconnect.com/traders

today at 11:00am EST to talk about his latest trading techniques and how he sees the market and some individual symbols setting up.  Frank is a great speaker and he is available to us for an hour for free, so come by and listen to what Frank has to say and ask a couple of questions and learn something new today.  Just use that link above.

(Seats are limited so use that link as early as possible).

We are in open house mode all day in fact so you can use that link at anytime and stop by and trade with us all day long.. we would love to meet you and answer any questions about our services and charts.

Our schedule today is:

9:15am Review overnight and opening setups

9:45am Review opening range and market sectors

10:30am Review opening hour

11:00 am Frank Ochoa – Theee Pivot Boss will be in house

1pm  Review afternooon

2pm First traders back post lunch

3pm The final hour and review and setups of overnight economic announcements

 

That's how we roll.  We track all our trades, so come in and see how it is done!

Hope to see you in the room…

Team TTT

[Insert http://www.redliontrader/eco-news here]

Today's Economic News:

Quote of the day:
The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. – Ronald Reagan

Current Allocations from our room:

Performance Month to Date from our room:

Current Breadth Readings:

While the bulls put in higher prices and a bullish breadth score, we think that neutrals are in store and then we should see some bearish scores in our near term  future.

ES SP500 Futures Comments

We like 1350 area short and 1334 area long today.  The uptrend continues and unless we get some good news that thrusts us up, we should continue this upward consolidation of the last thrust, a kind of bull flag from the NFP report.

We think the breadth has topped now and we should start to see weaker and weaker breadth score.  Price however could continue heading higher for a month or so, but the breadth top does mark an area that is usually revisited so we think shorts from here will get rewarded in the next few weeks.  We think that 1320 area will get tested in fact.  If that were to happen as a 3% correction that would mark another 1% to the upside as a potential top or around the 1355 area. 

Those are our musings for the day.

Come hear Frank at 11am.

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