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Today at 12 pm est, DayTraderRockStar will be interviewing Ray Burchett, founder of Intuitive Development Training. 
 
Here is a little background information on Mr. Burchett:
 
- Mr. Burchett traded for his own account in the S&P 500 pit from 1983-2004.
 
- In 1997, he co-founded Local Knowledge and served as President until October 2004, pioneering on-line trader development.
 

Todays rally was impressive and leaves us with a chance of breaking out of the current bull flag and moving higher. the 60 min stochastic was key in my mind and nothing really was damaged on the charts by Wednesdays pull back. We have a excellent chance for follow though in a lot of the basic material stocks also great set ups in $MA, SLB, $AAPL, $ZNH, and many more covered in the video Tune in each day to see the action live and follow the trades.

 
DTR would like to officially welcome AlgoX to the official "partners" list. AlgoX is a unique indicator designed to give the user specific signals during market hours. These signals frequently provide great HPS entries and/or  exits for ES-mini and/or S&P index traders ( ETFs that track the S&P500 like SPY, UPRO etc.).
 

Total package in this video , as i go over 3 best bet set ups going forward this week and next and a breakdown of the trades today and the education that is always important. Great descriptions on channels. Kick Ass Trades $HAL, $SLB, $SAP plus great analysis $VZ, $GILD

Link to Video:

http://www.youtube.com/watch?v=MabRF7J9uUs&feature=youtu.be

Market update for June 3 ,2013

Posted by ironaction on June 2nd, 2013

Going into next week i am looking for continued weakness early Monday, If we get that gap down or  early slide I will sell my Spy Puts and look to get some confirming signals that this is once again an opportunity to pick up some quality. But for added safety I will be stressing the importance of using the stochastic candle combination. ( Buy only after there has been more then 3 down days that consist of lower highs and lower lows.

 

 

Looking for early weakness Monday and we should be oversold short term and set up for a possible 21 straight Tuesday up days, but never expect the expected, also a view of the HPS cheat sheet , this is a diagram of what to look for when looking for the best opportunities in the market.

 

Link to Video

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