Power Trading Radio

Huge downside moves in the market today further propelled by market fear and angst. Fridays trading will be a big moment for the market, as traders around the globe look to Unemployment to help stop the market slide. Tillie Allison joins the show to weigh in on how to properly allocate money in poor market conditions. She stresses the importance of hedging your portfolio, and the periodic re-evaluation of your holdings holdings.

A fierce initial selloff in the equity markets slammed prices into strong demand levels, turning a bad day into a positive one by session end. Ending on a strong note, and a Bullish hammer, gives hope of further price moves to the upside. Michael Young joins the show to discuss some of the recent headline news and its impacts on his trading. The duo address listener questions regarding the use of Options as a tactical asset class to take advantage of these volatile swings. PowerPick: CAKE

The debt deal is done, but has raised more questions about the future. These questions rocked the confidence of traders around the world, and may persist for some time. This, coupled with bad economic data, propelled the markets down with a vengeance on Tuesday. Steve Misic joined the show to discuss how he instructs his students to trade weeks like the rollercoaster we have had the first two days of August! Steve gives opinion of several currency pairs including: USDJPY, USDCHF, AUDUSD. PowerPick: SPY

In typical fashion, the debt issue is coming down the the 11th hour, and politicians scramble to save face and public opinion! Scott McCormick, CMT, joins the show to talk about how his strategy has changed over the years to adapt to market conditions and one off events. Scott also takes a look at psychology and how a thorough understanding of Technical Analysis can give traders an edge when looking for market timing. Using a variety of tools, Scott seeks out swing and position trades which offer high reward and low risk. PowerPick: DIS

As the debt ceiling quickly approaches, the GOP bill passed the house and is now on its way to the Senate where it is sure to get shot down! What does this progress mean for the Tuesday deadline? John O’Donnell joins the show from San Jose where he is doing a 2 day workshop on Globalization 3.0. John looks at historical similarities between this event and others that have happened in the past, with the hopes of giving listeners some guidance to future moves. One thing that John does feel confident about is gold reaching 2000 an ounce. It may seem crazy, but history supports this claim! John also gives away free copies of his “Why Gold, Why Now” presentation to callers on the show.

As the market shrugs off good news and focuses on the debt ceiling, traders and investors are all asking the same thing: What is going to happen?! It could go either way, and the fear is evident! Dr. Woody Johnson, author of Mastering the Mental Game, joins the show to help listeners address some of their trading demons! Topics discussed included: Simulated vs. Live trading problems, How to take losses like a pro, Battling fear and greed and several others. If you have questions of your own, send them in and we will get to them on the next show with Dr. Woody! PowerPick: CALX

The Fed Beige Book comes out with disappointing statements about the economy and the markets panic! Big losses in all 3 major indices, and worries about more. Don Dawson joins the show to share his views on the commodities markets, ans where there are trading opportunities. Last time Don was on the show, he was focused on a divergence between the Dow and Copper that ultimately dropped the market about 10% before it moved upward. Now Don sees something similar, but where?!

Big name companies reported earnings today with very mixed results, however all of them were overshadowed by the urgency of the Debt Ceiling. Justin Krebs joins the show to talk about how he sees the debt ceiling as opportunity for traders, as long as they know where to put their money. Merlin and Justin look at several currency pairs which offer great opportunities regardless of which way the markets head as pressure builds. Swiss Franc, Pound, Yen, Euro and the dollar all have prospects if the trade is set up correctly! PowerPick: GBPUSD

Merlin addresses a few listener questions pertaining to the “Debt Ceiling” crisis, trying to put things into perspective as the deadline looms. Bruce Millbury joins the show and shares a trade that he and his students entered this afternoon on a price channel breakout. Bruce talks about his trading style, and how he deals with news and events which throw the markets around like a ragdoll. As the market’s rally, many stocks are hitting “Free Wheeling” levels, facing little resistance. Bruce talks about his recent article in Trader Magazine which talks about the principles behind “Free Wheeling, and how we as traders can use it to put the odds in our favor. PowerPick: WMT