The End Of Our Bullish Market?

Decline as news hits. Energy stocks up
still. Bullish run could be over. Market
bounces off line of resistance. Take a look
at Techne templates. Get the latest at
TradingTrainer.com.

Hey trading team,

This is A.J. on Wednesday, September 14th with
your Trading Trainer web log. We are your
home of market insights for the serious option
trader. This web log will cover the events in the
market from today as well as prepare you for
watching the market tomorrow.

Today we got another decline. A flip-flop if
you will. Last week oil was declining and
instead techs were getting the attention. Today,
like I said yesterday, the oil report and the less
than favorable retail sales report hit investors
like a ton of bricks. Not good for the broad
market as we logged another light distribution
day being led by small-caps and tech stocks.
But, of course, me being in energy options in
my portfolio, for the most part it was good for
me.

From a technicals perspective, the indexes
declined below levels of support today as well
as moving averages. And, we had two Chaikin
Oscillators cross down below their zeros today
which is a signal that the bullish run is over. I
have yet to pull down our levels of support and
resistance because this decline is abrupt and
brand new to us. And, historically, when the
broad market goes to extreme oversold so fast,
it is typically temporary. I want to wait it out on
the side lines. As well, I’m not ready to drop
our trading bias just yet. I want to play it calm,
cool and collected.

Team, the Techne charts - ticker TECH are great
examples of how to use templates to trade.
Each template we use has its own personality;
its own style. They all do basically the same
thing. They each have their plusses and
minuses… but if you were on the ball, you
would take Techne and study the template charts
forwards and backwards.. This is it team. This
is the technical analysis we use to win – and win
big at options. Learn it. Do it. Get good at it.
Okay?

My EOG resources October 60 calls closed
higher at $9.80 an option. My current return
on my invested capital is 58%. I’ve been in that
trade for 54 days. My Pacificare Health Systems
November 75 calls closed higher at $3.60 an
option. My current return on my invested
capital is 24% after being in the trade for 54
days. My Quicksilver September 40 Puts closed
lower at $0.10 an option. I’m in the red with a
return on my invested capital of -94% after
being in the trade for 28 days. My Tenaris
October 105 Calls closed higher at $11.10 an
option. I’m in the black with a return on my
invested capital of 41% after 19 days in the
trade.

Team, the broad market indexes bounced off
those levels of resistance again and have
plummeted. We need to see if this is a
correction or a full on trend reversal. I am not
opening any long positions till this scenario
plays on. Right now, my goal is to get the most
out of my existing portfolio and to back test
stocks to learn like I did today with Techne.

Okay, team. I'm done.

Till tomorrow, happy market watching, trading
and money making. Trading Trainer is here
helping you create your dream lifestyle.

Best regards always,
A.J.

Click on the below play button to hear
the blog as an audio from A.J. himself!

About the Author
A.J. Brown is a full time options trader, author,
speaker and consultant. Watch him review stock
charts on video each day, listen to his audio
newsletter where he leads you by the hand
through the end-to-end process of successful
options traders and get tips and tested strategies
proven to boost your return on your invested
capital by massive amounts in his membership
site at TradingTrainer.com today.

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