After a impassioned rant about the big banks funding presidential hopeful campaigns, Merlin is joined by seasoned Options trader Josip Causic. Josip tackles a couple listener questions about options strategies before moving on to explain the differences between European & American style options. There are significant risks involved in trading and using European style options helps reduce risk even further. However every coin has 2 sides, and Josip clearly explains the pros and cons. PowerPick: SWK
Merlin and guests had been talking for the past few weeks about the strange directional move that the dollar index is making with the S&P 500, both in the same direction! “Something has to give” they said, and low and behold we have seen the dollar crater while the major market indexes soared. Even gold and Oil benefited on Tuesdays dollar slide. Mike McMahon joins the show to talk about this relationship as well as several other currency pairs and some key supply and demand zones on each. PowerPick: CIT
Although the Super bowl was a pretty good game, Monday’s trading was rather mild. Almost an exact repeat of Friday, but without the huge upside gap! Mike McMahon joins the show to talk about the just announced Trader Planet Awards, which rated Online Trading Academy as the #1 Trading course in the industry, as well as best newsletters! Later Mike and Merlin go on to talk about patterns and how they increase odds, and reduce stress when trading. Both hosts are doing a lot of online education with sophisticated tools that actually allow students to be trading live, and have the instructor come into their computer and help mentor them! PowerPick: TXN
As this great week of trading comes to a close, John O’Donnell and Merlin Rothfeld break down some of the key issues facing the markets. The big focus right now is on unemployment numbers and they just keep getting twisted! John and Merlin have some fun with the unemployment rate before diving in to a list of factors which tell us that Europe is in pretty bad shape and headed into a depression. More importantly, how can we make money if that happens! PowerPick: RSG
Many investors know very little about their investments, and even less about the plan they are invested in. Merlin is joined by Tillie Allison to discuss the various account types and what they mean to you as an investor and Tax payer! The duo walk through a variety of account types highlighting the pro’s and con’s with each. Later in the show Tillie stresses the importance of actively managing your account once you pick the right plan. Just sitting on your hands and investing is worse than investing at all. PowerPick: RSG
For the second straight day, Merlin is joined by a 3rd generation trader, this time its Dan Sugar. Dan starts off going over some of the topics he covered today in his ProTrader class in Ft. Lauderdale, FL. While a majority of today’s class time was covering confirmation tools like RSI, MACD, Bollinger Bands and more, the real basis for trades that Dan is looking for are based off of Price & Volume. Later, Dan and Merlin talk about Power Trader Nation and the recent Stock pick that Dan made on ITB. Finally Dan and Merlin talk about key levels on the S&P and where they think price will be headed in the near term. PowerPick: IBM
Always trying to learn more about the markets, Merlin brings on guest is 3rd generation trader, Bill Henner. Bill takes back to the days of his great grandfather who was a broker on the floor of the CBOT back in the 60’s, and progresses though his father’s trading experiences, before finally sharing his own trading background. Bill is armed with some tasty pictures to really drive home the point! Bill even has a beauty of himself the week of the big 87 crash! Christmas carols anyone!?!? Later Bill and Merlin look at the Dollar index and the Euro for some potential trade sets up based upon their mutual opinion that the Euro is headed for more pain!
With many looking for the poised to go short on any weakness, veteran trader Marty Dim is scouring the markets looking for buying opportunities. Why you ask? Because Marty is simply capitalizing on the higher probability trade, which is following the trend long. Adding to his positions as the market sells off to demand levels, has been something he has been doing since late December, and the strategy is working well! Marty talks a lot about psychology from his trading floor days on the CME, and how that translates over to the electronic trading environment. PowerPick: SNDK
With the elections quickly approaching, American pessimism toward the political system is skyrocketing! John O’Donnell and Merlin Rothfeld welcome the Executive Director of Laissez Faire Books, Jeffery Tucker, to Power Trading Radio to take a look at how the political system is slowly distorting our daily life. Jeffery talks about his books, Bourbon for Breakfast & It’s a Jetsons World, and the major issues facing Americans with regards to government intervention into their daily lives. The trio take a good look at Gold and particularly at the Gold Standard as a possible way to help solve many of our lingering problems.
So many questions poured in over the last couple days, we had to forgo the usual guest and get down to answering all your questions! Merlin tackles a wide variety of questions including: What to do with Jim Cramers JNJ pick, How the low fed rates are going to hurt the Banking sector, correlation between S&P and Dollar Index, current trend of Oil and much more! If you have questions you would like answered, be sure to visit www.powertradingradio.com and hit the “PowerBlast” button to have your question read on the air! PowerPick: FCX
Many use Fibonacci as a tool to help refine entries, set target levels and anticipate price direction. Jeff Manson has taken all of that to a whole new level with his unique, systematic approach to this popular trading tool. Jeff shares with us his recent live trading tour and specifically the trading done today on the YM, with which he had 6 winners in 6 trades. Later, Jeff talks about how he uses Fair Value to plan out his trades each day. PowerPick: MPC
After blowout earnings, AAPL rockets in the post-market session, sending the major indexes higher. Merlin talks about the unusual afterhours halt that hit Apple, and shows its impacts on the share price. Bert Antonik, calls in from Singapore, where he has been living for the past 2+ years as an instructor for Online Trading Academy. He walks us through how the South East Asian city is doing in these tough financial times, and offers some insight into how they perceive the US markets. Later, Bert walks through some EURO charts as well as touching on his recent article in traders’ magazine (www.tradersonilne-mag.com)
PowerPick: EURUSD
With a weekend of boneheaded actions from politicians, bankers and football players, we had to have an extended segment of Donkey of the Day! After an extended opening rant, Merlin is joined by 3rd generation CME floor trader Bill Henner. Bill walks listeners though his last 25 years of experiences and discusses the difficulties he encountered when transitioning from pit to screen based trading. Later, Bill and Merlin break down the current action of the SPY, EURO and natural gas companies.
PowerPick: SHLD
Herb Meyer, author of The Cure For Poverty, joins the show to talk about how most Americans don’t clearly understand “the Operating System” of the US, especially when it pertains to creating jobs and promoting entrepreneurship. He discusses some solutions and ways that we can stabilize the job market and get America pumping again. Diana Hill is up next with a look at the current housing markets, and walks us through several of the new legislative issues coming at the housing market. Diana walks through what are some of the impacts you will face with these new laws. PowerPick: BAM
Guest host John O'Donnell Sits down with the founder and CEO of Online Trading Academy, Eyal Shahar. We get Eyal's insight on starting the company and an insiders look at what is to come in the future. John also discusses the world's current population problems.
Guest host and Chief Knowledge Officer at Online Trading Academy John O'Donnell and special guest Steve Bobbitt discuss gold and the current state of our markets.
So many of take the news at face value, however we don’t necessarily see it from a viewpoint that is Outside of the US. Media twists and public opinions can be dramatically different! Sam Evans, XLT instructor, joins the show live from London, after a long day of mentoring and trading. Sam talks about the current mood over in the UK which, from his perspective, is very different than our media makes it out to be. Merlin and Sam take a look at both long & short term charts on the Cable and Euro, in the hopes of planning out some future trades. PowerPick: AUDUSD
Merlin walks listeners through the 7-Pillars of Trading, and answers a listeners question about which one is most important. Later, John Barrett joins the show to talk about some of the more common mistakes he sees traders make and what to do about it. Moving on John talks about the importance of having a couple trading styles so that traders can adapt to a variety of different market conditions. Both hosts give out examples of trading styles they witnessed on their trading floors that were very successful for their time, but faded as time progressed. PowerPick: ESRX
John O’Donnell joins Merlin for the weekly rundown of the pressing market issues were for the week, and tackle a variety of listener questions. Volatility continued to persist, and given the problems with Europe, they could get much more wild. John talks about Gold as a hedge for any upcoming market selloff, and offers listeners a CD of his recent presentation in Pasadena California entitled “Why Gold, Why Now?”. From A fall in foreclosure rate to Italian Mafia, this edition of Power Trading Radio has it all!
Coming to us from the snowy tundra of Kansas City, Tillie joins Merlin for a show filled with listener questions and market analysis. Listeners looking for direction with Fibonacci usage are treated to a Fibonacci CD giveaway and chart analysis as the duo helps fix their problems. Later Tillie talks about some great experiences which occurred during her class today regarding order routing and live trading. PowerPick; STZ
After a recent article by Sam Seiden titled “Who Makes a Better Trader, Men or Women?”, Merlin decides to take that question to the front lines, with Professional Female trader Debbie Hague. Among the desirable attributes which make women better traders are: Risk Aversion, Patience, Humility, and the Ability to admit you are wrong. Debbie and Merlin site these as key factors which make women better traders. Debbie also talks about an important lesson she learned in the XLT program regarding adjusted data on futures contracts and how it distorts price history depending on what symbol you are looking at. Finally the duo look at the current market in regards to the S&P500 for some insight into where we may be headed. PowerPick: EURUSD
After some fantastic calls over the past few months on currencies like the Aussie and Loonie, Justin Krebs returns to Power Trading Radio to discuss some of the current movements in the US Dollar and how it is impacting global markets. Justin and Merlin tackle a listener question about the relationship between gold and the dollar before moving on to explain the differences between spot forex & forex futures. Finally the duo looks at several currency pairs from a technical perspective as Justin walks listeners through his recent trades on AUDUSD and USDCHF.
As the classic O’jays songs says, “Almighty Dollar… Don’t let money change you!” Darek Zelek joins Power Trading Radio to talk about the recent move in the dollar and its potential impact on the global equity markets. From his perspective, the equity markets could see a nice rally up over the next few days before beginning a much more significant and drawn out sell off over the next few months, and it all revolves around the dollar! After addressing a listener question about USO and global oil crisis, Merlin and Derek talk about relative strength, with an example on IYR and SPY. PowerPick: XLI
Guest host John O'Donnell chats with Victor Gruauag from Online Trading Academy and shares his two cents about the market.
As the new year starts, all traders should already be thinking about getting their taxes done. Trader Tax professional Michael Atias of OTA Tax Pro’s joins the show to answer listener questions about a wide variety of taxation topics. Michael covers some of the primary criteria the IRS is looking as far as establishing “Trader Status”, as well as some of the reasons traders should think about setting up a trading entity early on in their career. PowerPick: AGU
Special guest and XLT instructor Brandon Tristan joins Power Trading Radio to share some of the tools he uses to help forecast the market’s direction. Many use things like S&P futures, or indicators to help assist them. Brandon uses something much bigger and far more powerful! The Dollar Index! The duo analyze the current action of the Dixie, and help explain what its implications mean for traders regardless of their trading time frame. Later Merlin sparks a discussion on OCO orders, the USDJPY and relative market strength.
Mike McMahon and Merlin Rothfeld start off the new year with a look at some of the classic historical events that have pinpointed significant market turning points. Namely, mad media articles and publications boasting one thing, and actually leading to the opposite. Traders must be aware of how news impacts the markets and specifically, each asset class. Merlin takes a look at the current PMI and Construction numbers as a possible catalyst for future upside movements, but cautions on the broader negative picture. Later, the duo takes a look at the Aussie dollar and the Euro for trading opportunities. PowerPick: DECK