Home > Market Set Up > Market Update$

Market Update$

Keystone Trading Group Market Update
October 16th

After disappointing earnings from Bank of America (BAC) and General Electric (GE) and a drop in consumer confidence this morning, the markets are on the defensive. However, similar to recent history, after the gap down in the morning the markets have stabilized and have begun to bounce. The support level in the SPY that we pointed out for the last few days has held ($108.18). Until we can get below this level with some volume, we will not short aggressively. We had success at the open shorting both BAC and GE, but covered as they began to bounce. We will be looking to short them at these higher levels. Our belief is that we will begin to see a pull back in the markets over the next week or so. However, we will not be aggressive until we some of the longer term chart pointing down.

As we pointed out in the “Quickie” yesterday, we would be buyers of the USO and indeed we had a nice trade yesterday. We booked some profits along the way but continue to hold some and will be buying more on the next pullback.

Keystone Platinum/Premier November Program

Only 1 day left to enroll in the November Program and to receive an extra 5th month of training and mentoring and access to trade the firms capital

Enroll by October 19th

Four month workshop that includes the Equity Trader 101 training program, a minimum of $50,000 buying power, commission rate of twelve and a half cents per hundred shares (one dollar twenty five cents per thousand), over 150 hours of mentoring, over 40 hours of video and a 80% profit payout to all students.
Keystone Platinum is longer term style of intra day trading. Traders will learn how to identify a catalyst and institutional order flow and build a position in that stock.
** All students will have the opportunity to graduate to a full time trading position with Keystone Trading Group.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: