Power Trading Radio

While global uncertainty prevails, there was a rush to the cleanest of the moldy apples. The dollar was the recipient of this rush, shooting up and sending the equity markets for a much needed selloff. Rick Wright joins the show to talk about how this surge in the dollar may impact the other currencies as well as what are the key levels he is looking for going forward. Rick also talks about his most recent newsletters: What’s your trading style, and Dealing with winning streaks. PowerPick: AUDUSD (although its already stopped out for a loss!)

As the week got off to a rocky start, a step back to look at market history paints an interesting picture. Jeff Manson joins Power Trading Radio, fresh from teaching a ProTrader stock class in Irvine California. Jeff goes on to talk about how over the past 44 years, the S&P 500 has stayed above the 20SMA for 30 days only 21 times. More interesting is how long the market continues to rally from that point! Merlin and Jeff analyze that phenomenon, and offer insight into where the market is headed. PowerPick: ASML

John O’Donnell is back and more fired up than ever after watching Ron Paul and Ben Bernanke go at it during recent testimony. Ron Paul fires off about how flawed the fiat currency is, and why we need an alternative monetary system that is based off of real assets. John parlays this into his talk about Gold and Silver and their importance as insurance for a flawed Fiat money system. Merlin twists it a bit and looks at it from a shorter term trading perspective. Later the duo looks at China and Japan for further clues of market direction.

To start things off, Merlin tackles a few questions from his Live in-studio audience. These students from Roger Best’s ProTrader class, fire off questions regarding metals and the current situation with the US Dollar.  Diana Hill joins the show to talk about her recent articles in "Lessons from the Pro’s", in which she addresses the current problems with receiving funding from big banks, and how to use real estate to generate monthly income. In a period where most say real estate is a bad investment, Diana and Merlin talk about the incredible opportunity to buy real estate and let others pay you a monthly income! PowerPick: AIG

After a few bad trades in February, Merlin follows up his current EURUSD short which came though nicely to the downside. Money management is a sticky issue for many traders, so he walks you through how he is moving his stops down to help lock in profit, yet let it continue to drop. Later Don Dawson joins Merlin to talk about commodities and their impact on the current market. Dona had a Great call on copper last year which preceded a sharp market decline, is it a similar picture this time? Don also goes on to talk about how there is a massive disconnect in the correlations which have held up over the past few years, and as Don puts it “Something has to give!”

After having his last few trades rip in the opposite direction immediately after announcing his position on the radio, Merlin talks superstition and belief systems with Veteran Trader Mike McMahon. Whether it’s your special socks, or rock with a mustache on it, Mike believes superstitions are all in your head and don’t really have a place in trading. But is quick to add, if it works for you, go with it! Later Mike and Merlin take a look the Dollar and Euro which are both lining up at key Fibonacci levels. PowerPick: EURUSD

Debbie Hague joins Power Trading Radio after a couple of weeks traveling and teaching for Online Trading Academy. On day when the market only had one good move which lasted about 2 hours, and Debbie caught it all! She walks us through her premarket analysis which drew her attention to specific market setups, on a couple of major market indices. Buying at the dead lows and selling at the dead highs is something every trader hopes to do, and Debbie walks us through exactly how she did it. The duo stresses the importance of having a solid plan and following it under any circumstances.

On this show John O’Donnell is joined by Robert Prechter of Elliott Wave fame to discuss thecontinuing credit purge deflation across world markets. Prechter outlines the socionomic hypothesis that social mood impacts human action and drive price. They explore and  discuss with  charts the large head & shoulders pattern in the Dow today, and correlation tothe non-confirming Dow Theory ratio structure today. The Dow/gold ratio, and S&P500/gold ratio all confirm the equity market has been in a silent crash mode since 2000 “real peak”.  O’Donnell and Prechter agree on the inflation vs deflation debate.

For those who started thinking about their retirement in their 20’s and have been actively managing their investments, the future looks pretty good! However, most of us didn’t start thinking about retirement until our late 30’s or 40’s! Bob Heitner joins Power Trading Radio to talk about how his students are defining what they need to do to achieve a pre-determined rate of return to let them retire in comfort. Considering the recent USA Today article which says that 1 in 10 Americans will have enough money for retirement, it’s a subject that is all too real for many of us! The key is identifying what ROR you need and building a strategy to achieve it. Bob talks about some of the key elements that his students look at to achieve and exceed their desired ROR, and secure their financial future!

PowerPicks: SCHN, ATI

Fresh back in the studio from the Traders Expo in New York, Merlin dives right into his weakest subject: Options. While at the expo, there were 2 individuals who insisted that He learn options because of their flexibility and utility. Merlin brings Cory Lane into the studio to discuss these issues and tackle several listener questions regarding specific stocks. Cory, a long time trader of options, shares his insight into volatility, risk management, and probability factors to consider for all options traders. PowerPick: L