Power Trading Radio

For the most part, Tuesday was just a slightly bearish market… Then we got the fed minutes! This report jolted all markets and currencies with a fierce move! After the dust settled, many currency pairs ran into significant supply & demand levels. Tillie Allison joins the show to talk about how she uses the Futures market to trade currencies, receiving better pricing and significant tax advantages. Later in the show Merlin and Tillie take a look at the Euro for potential supply and demand zones which may cause price to turn in the future. PowerPick: USDJPY

Having floor traders on the show is one of our favorite things! Today, we have 25 year floor trader from the CME and CBOT, Bill Henner. Our last meeting with Bill, we had the chance to talk about how he got into trading, as well as pick his brain about the way he trades. Today, we visit Bill fresh back from teaching in London for Online Trading Academy. He shares with us some of his experiences before diving into the essentials of community in Trading. Later, Bill and Merlin take a look at TLT & SPY for trading opportunities

Guest Host John O'Donnell and special guest Ralph Benko debate Bernanke's stance on the Gold Standard.  Ralph Benko, based in Washington, DC, is a former Reagan White House aide, is a populist conservative Republican, and contributes a weekly column to Forbes.com, republished by Townhall.com and worldwide.  He is the senior advisor, economics, to the American Principles in Action and advisor to and editor of the Lehrman Institute's thegoldstandardnow.org.  

Merlin kicks things off by going over a listener’s question about shorting impacts on supply levels, then focuses on CAT for a well thought out trade by one of our listeners. Focus shifts to Real Estate as Diana Hill joins the show to walk through many of the current fundamental housing market numbers to help gain a clearer understanding of where we stand. Several listeners bring in questions ranging from buying homes with IRA money, to using 203k loans to buy the Hooters Casino in Vegas!

Merlin starts off the show talking about The current market conditions and clarifies some comments from Tuesday’s show regarding Dark Cloud Cover and the appropriate statistics. Next, we look at charts pertaining to a student’s question regarding Elliot Wave and Baidu. Steve Bobbitt joins the show to shed some light on how he uses Fibonacci as a predictive element in his trading, as well as how he teaches his students to use Futures to anticipate stock market direction. PowerPick: KBH

Certain market events are shaping up for, what Merlin believes, is a nice move down over the next few days. This is a combination of market internals as well as a candlestick formation on the Daily chart which foreshadows a 5% decline in price. Bert adds his 2 cents about Europe and the current situation with Spain and Italy, as well as the rumors that Germany is printing DM again! Bert and Merlin look at The Euro as well for potential targets. PowerPick: USDJPY

As the markets looked a little soft going into Monday’s trading session, Mr. Bernanke made some comments which vaulted them significantly higher. Causing many to speculate that QE3 is just around the corner. Merlin tackles a couple listener questions about High Frequency Trading and how it impacts the markets. Derek Zelek joins the show to talk about his ProTrader class and some of the key things he is teaching them about order executions. Derek shares with us some of the major points traders should be looking out for when sending orders to the market. After a brief walkthrough a trade they made in class today, Derek gives his opinion of where he sees the markets going over the short term.

HFT rears its ugly head with investigations by the SEC into newly IPO’d stock exchange BATs. John and Merlin weigh in on the evolution of trading markets and the influx of technology, specifically high speed computers. John takes a look at gold and silver as a potential addition to ones long term portfolio, as well as giving away his CD “Why Gold, Why Now” to callers. Merlin looks at some of the recent housing numbers for possible glimpses of a market bottom in the housing market.

Tillie Allison, CES & CFP, joins Merlin for a look at many listener questions regarding their long term portfolios and other financial difficulties. The pair look at the popular investment methodology CANSLIM, and break it down to some basic pro’s and cons. During this packed 1 hour show, topics range from loading up a portfolio with one stock,  live trading workshops, using options to generate income and the usage of TVIX and VIX derivatives.

Merlin kicks off things with a quick recap of his AUDUSD PowerPick from Tuesday, explaining exactly whyy he chose the levels, as well as mapping out the targets for his current trade. Later, Debbie hague joins the show from Denver Colorado, where she is currently teaching a Trade Plan class. Debbie talks about some of the standout rixk management errors she has encountered with students recently. Both comment on Apple and its unrelenting power in dragging up all the major indicies, yet some are weakening. PowerPick: QQQ\NQM12