Mike Reed / The Tradestalker
tradestalker@frontier.com
Let him know he is in our thoughts and in our prayers.
Today's blog prompted some questions.
Can I Trade Naked after Dark?
Yep!
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This show is so good because it not only talks about the markets , which we all are enthralled with, but also about finding out about ourselves and how it relates not only to our trading, but maybe even more important about how we see ouselves in the world we live in and how from the knowledge we take from this show can make ourselves a better human being in our life here on earth--I'll say it one more time"MAN I LOVE THIS SHOW"-thanks guys
tradestalker@frontier.com
Let him know he is in our thoughts and in our prayers.
Today's blog prompted some questions.
Can I Trade Naked after Dark?
Yep!
The calendar says Tuesday but it sure felt like Monday. Instead of episode 1,076 it sounded more like episode 1 (except the part where I said the date). No it was fine. Well ok... the part David did was fine. I kept getting interrupted. There goes the Fox News slot... (I did not write that tweet. Honest)
The market was tradable even though the range was shallow. I'll post a few charts below and if you have any questions regarding the setup, the free trial, or the demo, call 1-866-928-3310 or email us tech@cfrn.net .
Let's check in on the Sentiment Indicator first -
Q:Is it Spring in Pamplona, 113 degrees in Phoenix, or are the Bulls just Smokin' Hot on Wall Street?
A:It's not spring in Spain, it will be 116 degrees tomorrow, and the Bulls are about to get Smoked Like Salmon. Just ask any Bear...
All I really know is this -
"We are definitely headed higher unless we start to break down."
Seriously? Yes, according to the guys on TV. What's even stranger is the fact that some people actually attempt to trade off such vaguery. Are you guilty? Admit it now and feel better soon. Seriously.
Partners meeting tonight. No time for chit chat. See ya' there...
E-Mini S&P 500: Will exhilaration lead to acceleration?
The E-Mini S&P 500 had surges of optimism throughout the day as reports came in to validate the growth possibilities! The Initial Jobless Claims only fell by 1,000, which was better than a week before, but under analyst expectations. The Institute for Supply Management-Chicago reported that it was up 61.1 from 56.6 in May.
Rocky start but we finished with a flourish. I had dinner last night with Sheriff Joe. The previous evening he dined with Ted Nugent. Based on the LinkedIn theory of relativity I'm now one degree from cat scratch fever. Right? Is that how that works? Hello! Is this thing on........ (tap tap)
We went a little politico today talking guns and immigration and I do understand that some members of our audience get a little rattled when we go down that road. You shouldn't. You should get warm and fuzzy. Why? Not because of what we say, but because you and I both live in a country (at least some of us do) where I can have my opinion, you can have yours, we can discuss them openly and freely, and we don't wind up in shackles because of it. Well, most of the time anyway.
We're back... and sitting tall in the saddle after 5 days of techno-hell. No sense taking up white space here, just click the headphones and hear all about it (twice).
I get questions 'bout dem zones from time to time...
Stuff like, "Do they work?"
To which I answer playfully, (if I'm not in a mood) "No they lead a life of leisure and hedonistic pleasure. They've never worked a day in their life."
Huh? Exactly!
People respond to my answer the same way I respond to their question.
Take a hammer. Well don't take it, borrow it, or buy it. Chances are you already have a hammer. Right? In fact some of you might even have specialty hammers. Claws and mallets and such. Now let me ask you this about your favorite hammer.
If things go as planned we will not only broadcast tomorrow we will burn a podcast as well. For those of you who didn't catch the news we are now a part of the Stitcher Network.
You can now hear CFRN shows while on the go with Stitcher SmartRadio on your mobile phone. The latest episode is always available for you- no syncing needed… and no memory or storage wasted!
Available for your iPhone, Android phones, WebOS phones or your BlackBerry.
Downloading is easy, go to Stitcher.com or check out your app store. Stitcher SmartRadio- The Smarter Way to listen to CFRN Podcasts!
Our equipment upgrade is underway. The hardware is in place but we need to complete some software tweaks and run a few audio tests. The good news is, the Radio Stream is back up and we may have a green light on all levels in time for tomorrow's Live Broadcast.
Remember, if you log in to the show, you receive the audio portion of our program plus you see our charts. Gain full access -
https://www1.gotomeeting.com/register/215917777
Either way the show will go on! Tomorrow night is the weekly CFRN Partner's Meeting @ 9PM EDT. If you are currently on the Free Trial and would like to attend, contact tech@cfrn.net for details. Thursday nights are a Partners Only event but there's still time to grab a seat. Email Michael tech@cfrn.net
The Flight Deck was down but the show went on. Unexpected equipment upgrades should be complete within the next 24 hours, until then our Tower of Power 24/7 Stream remains silent. There will be a Live Trading Room tomorrow and a Live Broadcast as well so be sure to log-in. Just use the link you received in your email or Click Here. If you have any questions call 1-866-928-3310.
In my absence Michael and David didn't even notice I was absent. Did you?
Since we have no podcast tonight, here's Michael's first person account of what really went down...
Hope you all had a great Father's Day! If you listen to nothing else you should at least listen to the song at the beginning of today's broadcast. It's a ripper......
We covered all the markets. Nailed the low, nailed the high, and then hit on a few philosophical high points. This one should be on a t-shirt but as David pointed out, we probably won't get around to it.