[TA DAILY] Crashing

Late last week the market was weak but supported over and over by the 200-day moving    VIEW ONLINE         UPCOMING EVENTS     Larry's Morning Commentary Crashing     Late last week the market was weak but supported over and over by the 200-day moving average.  I've suggested to many that when it finally breaks, the market would surely plummet.  That finally happened Friday with the SPX closing down -64.84 points, the Dow was -530.94 and the Nasdaq COMP was down -171.45.  What's more, as I write this, the ES futures are down ANOTHER -50.00 points! What's causing the overnight weakness?  Asian markets are plummeting once again.  I found the following chart of different Asian markets that show the free-falls happening there at http://globaleconomicanalysis.blogspot.com/2015/08/another-asia-bloodbath.html Is the market crashing?  Well, not exactly but it sure is an interesting August for a change.  The S&P500 will be down 10% when it trades 1920.60 and needs to fall all the way to 1707.20 to be considered in bear market territory of down 20% or more. This could be the beginning of another major route in the markets like 2000 and 2008; however, the Central Planners will surely announce QE4 or something else before that happens.  Either way – expect more volatility!   Trade well and follow the trend, not the perma-bull OR perma-bear "experts." Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banking mafia. Read Past Issues of Larry's Morning Commentary       The selloff continued Friday not only in the US markets, but in the global markets as well. The highly aggressive selling is in fact a breakout out of congestion. As talking heads keep referring to this as buying opportunities, I see it as the opposite. You would buy only if you suspect a rebound is coming soon after. I just don't...   Read More       TECHNICAL DATA ES 2012.50 / 1977.00 POC 1995.00 YM 16,790 / 16,528 NQ 4331.50 / 4221.00     I have noticed a lot of emails cycling through my inbox and questions posed by some of my students that are touting the high (almost guaranteed) profits that can be made in credit spreads. Claims like "personal monthly ATM machine", 90% chance of profits, etc. If it is too good to be true, is usually is right? You can be profitable...   Read More     Watch how our instructors call out live signals, answer questions, provide detailed commentary and compare notes with fellow students. Our live classrooms offer training on all markets - where you can watch the exact techniques our top instructors use with simple, yet complete explanations of every move they make in real time. DAY TRADING - MARKET PROFILE Instructor: Patrick Assalone Monday-Friday 6:00AM - 3:00PM CST   DAY TRADING - FOUNDATION Instructor: Joel Hawthrone Monday-Friday: Welcome/Market Forecast/Open Q&A 8:30AM - 9:00AM CST Classroom Instruction 9:00AM - 3:00PM CST   DAY TRADING - E-MINI Instructor: Dan O'Brien Monday-Friday 8:30AM - 3:00PM CST   STOCKS Instructor: Charles Moon & Dan O'Brien Monday-Friday 8:30AM - 3:00PM CST   Options Instructor: Scott Bauer & Michael Shorr Monday-Friday 8:30AM - 3:00PM CST   CURRENCIES Instructor: Dan O'Brien & Charlie Lewis Monday-Friday 7:00AM - 2:00PM CST   PROP TRAINING Instructor: Chris Mullaney Monday-Friday 7:45AM - 3:15PM CST     Click here to opt out     Trading Advantage © 2015 All Rights Reserved     IMPORTANT NOTICE: The risk of loss in trading futures, options on futures, stocks and stock options can be substantial and is not suitable for all investors. Past performance is not necessarily indicative of future results. Trading Advantage LLC only provides educational services. By accessing any Trading Advantage content, you agree to be bound by the terms of service. Click here to review the terms of services. The hypothetical signal results shown above represent signals offered in real time in the training room. A signal does not get posted unless there is a reasonable likelihood that if an order had been placed it would have been executed. Further, adjustments are made to simulate the costs of commissions. Past performance is not necessarily indicative of future results. The posted information is shown for educational purposes only and no signal shown was actually executed as a trade. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those talked about in our site.

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