Power Trading Radio

Fresh off a trip to India, Currency expert Steve Misic joins the show to talk about some of the major differences he encountered with regards to trading and investing. Steve goes onto talk about his upcoming article in Trader’s Magazine, in which he focuses on the USDJPY and some interesting upcoming trade set-ups. Later Steve and Merlin take a look at the European situation and break down the price action of the Euro for potential trades. PowerPick: AUDUSD

Many feel that once you have trading down, you don’t need to learn any more about it. Not so! Mike McMahon joins Power Trading Radio to talk about a class that he attended as a student, not the instructor, in an effort to broaden his understanding of the tools and technology available. Having traded for 36 years, Mike has his system down pat, but stresses the need to constantly be learning from other professionals in order to stay fresh, and improve your skills. Mike and Merlin talk about some of the golden nuggets Mike picked up in the class, then they turn the mics to the listeners questions for some specific stock chart analysis.

John O’Donnell and Merlin Rothfeld run through some of the major issues facing the financial markets.

Goldman Sachs and Bank of America came under fire, spurring speculation of the Volcker rule, and other regulations for big banks. The duo looks at Gold, the Dollar and several other stocks as requested by listeners. Later, Merlin and John look at a listeners comment about Apple being in a bubble, and its impact on the market. PowerPick: RMD

As more positive economic data floods the market, the bulls continued to rejoice Thursday. This is great news for investors, however, they should also be a little cautious. Paul Orme, joins Merlin to talk about how people should be preparing for an extended retirement period. Starting out, EVERYONE should know exactly what rate of return they need to retire with the lifestyle they choose. From that point, Paul and his team of instructors at Online Trading Academy craft a financial recipt to achieve, and in many cases, exceed those goals. Bottom line is everyone should be in charge of their own investments.

As an insider at Goldman Sachs resigns, he unleashed a firestorm that threatens the financial behemoth. Merlin talks to a couple special guests to get their thoughts on the issue, before bringing on his special guest. Michael Young joins the show to talk about some of the tools he is using to stay in these ballistic markets. Later, Merlin and Michael look at some current futures charts for key supply and demand levels which we may run into soon. PowerPick: KLAC

Markets were already off to a good start before Bernanke vaulted them even higher with is “not much is going to change” attitude. Merlin tackles a variety of listener questions ranging from Currency correlations with the S&P500, the sharp drop in gold, and what to do with a Large amount of cash making next to nil interest.  These topics and much more on today’s Power Trading Radio! PowerPick: EURUSD

As Bernanke gets his facial hair all primed up for TV tomorrow, the trading world is busy anticipating the next move. So much pressure is on the Fed, that many traders are anticipating their next action. Kyle Hibbard joins the show to talk about what he tells his students, and how he trades big announcements like the one tomorrow. Later, Kyle and Merlin take a look at commodities and basic materials as a potential addition to a long term portfolio. Merlin and Kyle analyze the last time we had a bull market like this and compare the rate hikes that happened back then, none of which are present during the latest rally. One of these kids is not like the others!! PowerPick: IRM

With a global sigh of relief about Greece and their potential default, John O’Donnell raises concerns about other PIIG countries following suit. John and Merlin also dive in to the current economic numbers including unemployment data, which appears to be the driving force behind the current rally. Merlin addresses a question from a reporter regarding the high failure rate of traders, which Merlin and John discuss and offer some pretty clear cut justification for why they fail, as well as solutions to help them succeed. John also offers listeners 3 new webinars for all callers at 888-304-8723

Tillie Allison joins Power Trading Radio live from Minneapolis where she is teaching a ProTrader class for Online Trading Academy. We start off talking about her process of trade plan review, where she sits down with students to go over their trading plans step by step to ensure they are on the right path. She stresses that a trading plan is not something you can copy from your friend and put your name on it, it needs to be extremely personalized. Later, Tillie walks us through some live trades she made with her students this morning, then dives in to ETF selection for those in ProActive Investor mode! Tillie even gives us an entry point she is eyeballing for TLT!

With the recent article by Rick Wright, in which he talks about trading development, Merlin takes the question to his guest, Steve Bobbitt. Steve talks about how he developed his trading style, what tools he uses to craft his trades, and what time frame charts to look at. Merlin and Steve look at their trading styles as an extension of their personalities and something that takes time to craft. Later, the break down the current status of the S&P 500 and offer some insight into where it could be headed.