have a great weekend !

Thank you, Lord, for what you've done for me
Thank you, Lord, for what you're doing now
Thank you, Lord, for ev'ry little thing
Thank you, Lord, for you made me sing
~Bob Marley

Dow Jones is now down for the year, hmmmm

May, worst month for Nasdaq in two years, hmmmm

what is right, and what is wrong, and who the F... decides?

and what are the consequences ?

S&P after the pit session close

follow through to downside is expected, but keep in mind Friday is first of the month and a jumper trade is possible

Remember the mind grows strong through use. Struggle makes power.

Napoleon Hill liked to tell a story about his grandfather, a wagon builder in North Carolina. "When the old man cleared the land for cultivation, he always left a few oak trees in the middle of the field at the mercy of the elements, unsheltered by other trees in the forest. It was from those trees that his grandfather made the wagons’ wheels. Because they were forced to struggle against the fury of nature, they grew strong enough to bear the heaviest load. Welcome difficult challenges, for the greatest opportunities will come from challenges that force you to expand your mind as you search for creative solutions. During life’s bleakest hours, take solace in the face that you are strengthening yourself through struggle so that in the future you will be prepared to take on even greater challenges. Like the old oak tree, you grow strong only when you are forced to struggle."

Leadership

Leadership, click to enlarge

looking at the week ahead

                         

through an analysis of S&P emini futures contract   

                  

                                     http://etradingrealtime.blogspot.ca/

trading secret, hmmmm!

looking at the week ahead

The path of lest resistance is downward and more down is expected, but we are  oversold, so there could be a swift bounce towards 

20 ema area, and then resumption of downward move.

FB

it may take some time, but it is possibly a profitable strategy trading an IPO

ZNGA, here we had similar situation and achieved measured move up after b/o of first day trading day

markets now

The decline from high to low is close to 9% now, and we can start looking for signs of buyers, but we need to wait for that to happen not anticipating just following price action. The price is never to high or too low. Possible little crash before things turn around and longer time frame players come to play.

markets

Not Dead, Can't Quit

"Though it may not seem so when you first encounter a serious blow, you can never lose two of the most important assets you have. These are the power of your mind and your freedom to use it. Once you have turned them to understanding what laid you low, you can begin forming new plans. You may not have the money you once had; you may lack the allies you had cultivated. But you still have the benefit of a universe that  eventually rewards honest effort, as well as gaining the experience of mistakes you will never make again. Remember, no matter where you are now, whatever you can conceive and believe, you can achieve."~naphill.org


Until alive.
There always remains an opportunity to make a new start. 
Stay alive, there is an opportunity waiting for you.
Not Dead, Can't Quit.

When it comes to training the mind to trade, there is no limit to how far we can go.

Be Patient.
Be Consistent.
Be Disciplined.

Leaders.

Few leaders to watch for clues about institutional sentiment.

PCLN
AAPL
CMG
GOOG
LNKD
AMZN
MA

What is important is what the market is doing and not the news. Price action following approach gives the flexibility, as the market will usually bottom or top when it is least expected.

looking at the week ahead

We have a Head&Shoulder formation that everyone is talking about this week, but I think that we can have a surprise, and a Double-Bottom could play out. We had four closes under the neck line so far, but looking back on the chart, for your reference below November 2011, showing similar situation and you can see how it played out. We are going to have a resolution soon, move out of a trading range, but for now take things one day at a time, and be ready to take the opportunity of surprise if it presents itself.

empower yourself

 At his famous Stanford graduation talk Steve Jobs said, "Remembering that I'll be dead soon is the most important tool that I've ever encountered to help me make the big choices in life. Because almost everything - all external expectations, all pride, all fear of embarrassment or failure - these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart."