Power Trading Radio

Although the Super bowl was a pretty good game, Monday’s trading was rather mild. Almost an exact repeat of Friday, but without the huge upside gap! Mike McMahon joins the show to talk about the just announced Trader Planet Awards, which rated Online Trading Academy as the #1 Trading course in the industry, as well as best newsletters! Later Mike and Merlin go on to talk about patterns and how they increase odds, and reduce stress when trading. Both hosts are doing a lot of online education with sophisticated tools that actually allow students to be trading live, and have the instructor come into their computer and help mentor them! PowerPick: TXN

As this great week of trading comes to a close, John O’Donnell and Merlin Rothfeld break down some of the key issues facing the markets. The big focus right now is on unemployment numbers and they just keep getting twisted! John and Merlin have some fun with the unemployment rate before diving in to a list of factors which tell us that Europe is in pretty bad shape and headed into a depression. More importantly, how can we make money if that happens! PowerPick: RSG

Many investors know very little about their investments, and even less about the plan they are invested in. Merlin is joined by Tillie Allison to discuss the various account types and what they mean to you as an investor and Tax payer! The duo walk through a variety of account types highlighting the pro’s and con’s with each. Later in the show Tillie stresses the importance of actively managing your account once you pick the right plan. Just sitting on your hands and investing is worse than investing at all. PowerPick: RSG

For the second straight day, Merlin is joined by a 3rd generation trader, this time its Dan Sugar. Dan starts off going over some of the topics he covered today in his ProTrader class in Ft. Lauderdale, FL. While a majority of today’s class time was covering confirmation tools like RSI, MACD, Bollinger Bands and more, the real basis for trades that Dan is looking for are based off of Price & Volume. Later, Dan and Merlin talk about Power Trader Nation and the recent Stock pick that Dan made on ITB. Finally Dan and Merlin talk about key levels on the S&P and where they think price will be headed in the near term. PowerPick: IBM

Always trying to learn more about the markets, Merlin brings on guest is 3rd generation trader, Bill Henner. Bill takes back to the days of his great grandfather who was a broker on the floor of the CBOT back in the 60’s, and progresses though his father’s trading experiences, before finally sharing his own trading background. Bill is armed with some tasty pictures to really drive home the point! Bill even has a beauty of himself the week of the big 87 crash! Christmas carols anyone!?!? Later Bill and Merlin look at the Dollar index and the Euro for some potential trade sets up based upon their mutual opinion that the Euro is headed for more pain!

With many looking for the poised to go short on any weakness, veteran trader Marty Dim is scouring the markets looking for buying opportunities. Why you ask? Because Marty is simply capitalizing on the higher probability trade, which is following the trend long. Adding to his positions as the market sells off to demand levels, has been something he has been doing since late December, and the strategy is working well! Marty talks a lot about psychology from his trading floor days on the CME, and how that translates over to the electronic trading environment. PowerPick: SNDK

With the elections quickly approaching, American pessimism toward the political system is skyrocketing! John O’Donnell and Merlin Rothfeld welcome the Executive Director of Laissez Faire Books, Jeffery Tucker, to Power Trading Radio to take a look at how the political system is slowly distorting our daily life. Jeffery talks about his books, Bourbon for Breakfast & It’s a Jetsons World, and the major issues facing Americans with regards to government intervention into their daily lives. The trio take a good look at Gold and particularly at the Gold Standard as a possible way to help solve many of our lingering problems.

So many questions poured in over the last couple days, we had to forgo the usual guest and get down to answering all your questions! Merlin tackles a wide variety of questions including: What to do with Jim Cramers JNJ pick, How the low fed rates are going to hurt the Banking sector, correlation between S&P and Dollar Index, current trend of Oil and much more! If you have questions you would like answered, be sure to visit www.powertradingradio.com and hit the “PowerBlast” button to have your question read on the air! PowerPick: FCX

Many use Fibonacci as a tool to help refine entries, set target levels and anticipate price direction. Jeff Manson has taken all of that to a whole new level with his unique, systematic approach to this popular trading tool. Jeff shares with us his recent live trading tour and specifically the trading done today on the YM, with which he had 6 winners in 6 trades. Later, Jeff talks about how he uses Fair Value to plan out his trades each day. PowerPick: MPC

After blowout earnings, AAPL rockets in the post-market session, sending the major indexes higher. Merlin talks about the unusual afterhours halt that hit Apple, and shows its impacts on the share price. Bert Antonik, calls in from Singapore, where he has been living for the past 2+ years as an instructor for Online Trading Academy. He walks us through how the South East Asian city is doing in these tough financial times, and offers some insight into how they perceive the US markets. Later, Bert walks through some EURO charts as well as touching on his recent article in traders’ magazine (www.tradersonilne-mag.com)

PowerPick: EURUSD