Emini FuturesCast / The Daily Pod 06/01/11

(QQQQ)(DIA)(SPY)(GLD)(SLV)

by DeWayne Reeves

Day 1 of our 2 Day "End is Near" Event sponsored by Daniels Trading was a tremendous success. Don't miss Day 2 tomorrow. If you have no idea what I'm talking about see last night's post, click the link, get registered and join us live tomorrow morning at the opening bell.

On today's Live Public Broadcast the frivolity continued. I made a not so obscure Kung Fu reference, we took up a collection to get some wheels for an aging rock legend, our favorite skinny Jewish guy had Sushi w/ Ryan Seacrest (my head's a busy place, keep your hands inside the vehicle at all times), we discussed the declining moral climate of American Idol personified by Lady Gaga, applauded Tony Bennett and Tom Jones for remembering their lyrics, addressed a very important question posed by a listener "What's your faith?", and even had time left over to make a few bucks on Corn plus I got a letter from the Secret Service. Now how you gonna' resist all that? Put those earbuds in and kick it with the Men of CFRN. (holiday gift calendar available soon)

Last night's Tweet said -

CFRN DeWayne Reeves 

 

Per the blog post, in the absence of a White Candle on the Hourly, consider selling 1342.50 Stop. If triggered will post a chart tomorrow.

17 hours ago Favorite Reply Delete

And here's how that worked out in the real world -

A 32 Point Drop and we got the White Candle confirmation to boot.
<insert mp3 - It's A Nice Day for a White Candle>

For the sake of continuity look at the chart posted last night regarding this setup.

Moving on to the Live Trading Room session today, we traded the ES for a quick 2 points -

Followed by a nice Corn Trade

Followed by another nice Corn trade during the Radio Program -

All in all, a great day to be a Trader.

Towards the end of the program we suggested Buying 1321.50 Stop / the swing high on that hourly candle turned out to be 1321.25 so no trigger. We believe this is still a valid entry if triggered on Globex. Last Night's High and Today's Low are extremely important for us. If you attend the "End is Near" event tomorrow I'll show you why, and I'll explain how you could have had both of those numbers before the markets opened for the week.

Are you struggling? Still trying to find your niche'? We're not the only game in town but we do have game. Also, our Live Trading Room is a Smoke Free Environment. In other words, we don't blow smoke up anybody's chimney. We don't hand you statistics or percentages or historical data, we trade the market live right in front of you. You can even trade along with us if you like. Our goal is not to be a trade calling room, our goal is that you learn to call and execute your own trades. Our goal is that you will never need another guru. Be your own guru. Learn how to trade.

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Podcast for Wednesday 06/01/11