July 31, 2016
Re: July 24 Webinar Report - Turning Point July 25 and the FED - NO Trading without up-to-date Socrates (SOC) analysis - Back to Nice Profits
In order to entice NEW subscribers to our Paid-for service, I hosted our 1st Webinar on Sunday July 24. As a result we got some NEW subscribers to our service and consequently, I am pleased.
Starting the week, Martin Armstrong (MA) warned us that Monday July 25th would be a Turning Point and he suggested we listen to the words of the FED oracle Janet Yellen on Tuesday July 26, to see if the FED was holding steady on interest rates and not reset and - - if they would signal a September reset.
The Fed did not reset rates but, signaled they are OPEN to a September increase
The Markets reacted but basically, it was a snooze that day and we continued to hold onto our SPY and SPXL shares that we and our Paid-Subscribers bought on July 8.
MA has alerted us that on Monday August 8 there will be another Turning Point in the S&P followed by a Major Turning Point in September.
We also will be facing Turnarounds, Benchmarks and perhaps a scary event this year, in the fall, for the S&P and in Gold as well (the scary waterfall event in Gold may very well be delayed until the 1st Quarter of 2017. We just don’t know when that event will occur). In addition MA says, we will be looking at lots of volatility.
In the SOC ‘Investor Level’ analysis for the Week of July 25, 2016, SOC also said: “We should see a trend change come September in the S&P 500 Day Futures so pay attention to events ahead”.
If you are a long-term trader, which many of you are, then the ‘Investor Level’ is a wonderful tool however, if you are a High/Risk Day Trader, like I am, then the ‘Investor Level’ does not help you much.
Many investors have full time jobs and cannot sit around Day Trading all day and that is where our Paid-for Subscription is beneficial but, to understand what the future will bring in the Long-term, then the ‘Investor Level’ is certainly a valuable tool.
Most investors just do not have the time to continually follow all of MA’s Blog or follow the ‘Investor Level’ day after day to get to understand the significance of all the information presented
For example I wonder I all of you saw this: in his daily Blog last Friday, in answer to a question from a supporter, MA pointed out the following: “We did not take out the Monthly Bullish Reversal today [in the Dow]. This leaves the door still open for a slingshot move in 2017 [to the downside]. That would be the most powerful pattern we could develop and it would be the most confusing [yes, confusing for most people but, certainly NOT for us who study MA and SOC continuously]. Keep in mind that the timing window is starting to close.”
He also said in that Blog: “Let’s see the Global Market Watch update now that July has concluded. Remember, that last entry is dynamic [see Comment in table below]. It bases the pattern up to that last day as if that was the conclusion of that particular time interval.”
Here are the pertinent entries in the GMW dynamic that I use to make sure that my Day Trades are profitable:
Here is my take on that information: Let’s start with his last entry, that Comment tells you exactly what is ahead of us. But look at the Bottom Envelope notation of 909.50. To me that number is all revealing - - WHY?:
Answer: To see the significance of the 909.59 have a look at what SOC stated way back on June 20, 2013:
“Key support lies at 1270 followed critical support at 1236-1233. A weekly closing beneath that level opens the door to a test of the 939.50 level.”; and
MA has previously said also: “Now look at gold for the high of 1980. You see a unified major high. While the gold promoters kept yelling it would rally and make new highs, it fell for 19 years into a final low of $251.50 in August 1999.”; and in order to continue to answer the WHY, I will restate the following:
In 1985 I attended my first MA Conference and at that time, based on his then baby SOC, MA told the attendees: “If Gold break below $251.50 and then it goes above $251.50 - - then I will catch it with a baseball glove and I will catch and buy every bit of Gold that I can”.
SOC has said the exact same words about the 939.50 number, that if Gold breaks below 939.50 and then it goes above it again - - then you should buy Gold for the Long-term. It is important to note: You Long-term Gold holders should stay with the Gold positions you have now but, keep some cash in reserve so that when the Waterfall to the downside occurs, you will be able to catch it with a baseball glove and average down. This is the END of my answer!
By the way, MA has also has told us: “We are entering a period of important seasonality in Gold. Over the last 15 years Gold has risen 13 years, from August 1st thru September 22nd, or 87% of the time. Gold has tended to rise between: August 6th thru October 8th over the last 30 years.”
This week taught me that, as a Day Trader, I very much need the SOC ‘Trader Level’ and its analysis and forecast signals. The 1.0 already works for me and our Analytical Team.
The Markets are trading with very low volume so, there is NO LIQUIDIY. The result is that Day Trading is not easy right now.
Like some of you, I do like High/Risk trades and have been Day Trading the Futures market based on SOC’s Trader Level 1.0 resulting in phenomenal profits trading certain instruments in the S&P 500 Futures, since July 8.
On Friday July 22 alone, I made 50% on the money I had in my account.
I am now totally relying on the SOC ‘Trader Level 1.0’ and again did great and made more money on Monday July 25.
And then I made a mistake and - - I learned a very valuable lesson!
Until the full version 2.0 is launched I will continue to rely on the ‘Trader Level 1.0’ test version. But, the problem is that the SOC 1.0 is still only in the testing stage with the result that - - some days I do not receive it and, as it happened, I did not receive it on Tuesday July 26.
On that day I was quite enamoured with my own prowess and felt that I could rely on the SOC July 25 forecast from the day before but, - - this is where I made my mistake and lost money on my Day Trades that day (learning can be costly - - I just hate losing, don’t you?J ).
Lesson Learned: Never, never, never make any Day Trades
UNLESS, I have the SOC analysis and forecast signals at my fingertips.
I did not receive the SOC information for Wednesday and Thursday either which was too bad but, after my Lesson Learned, I did not Day Trade on those days either.
But, on Friday July 29, I did receive the SOC analysis once again and because, the SOC ‘NY Gold Nearest Futures’ comments for that day were: 1) Daily: Reaction High; 2) the Energy and Momentum Bullish; and 3) the market is immediately in a bullish posture near-term, suggesting it is quite strong, I bought and sold Gold Futures during that day and I made out like a bandit with the result my ROI was back on track once again.
Note: As of the time of this writing, I have not received the SOC analysis for Monday August 1. Unless, I receive it tomorrow morning, I will not enter any Day Trade for Monday because of, “Lesson Learned”.
Hi Ho SOC - - I will rely on you before entering into any trade
As an aside, to our Paid-for Subscribers benefit and ours, we also sold the SPY and SPXL we bought on July 8 with a nice profit.
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It’s all about profitable trading!
Stay Tuned for the Socrates Trader Level 2.0 launch and our Next free of charge FDNN letter
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Regards from Mining Interactive Corp. in Vancouver Canada, where we enjoy the lazy warm and pleasant days of summer,
Nick L. Nicolaas
Direct: +1 (604) 657-4058
Nick L. Nicolaas; Mining Interactive Corp. and its Associates (collectively referred to as NLN) are not registered advisers and do not give investment advice. NLN’s trading comments are an expression of opinion only. NLN may have an investment in some of the companies or trading instruments NLN mentions or writes about, nothing should be construed in any manner whatsoever as a recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While NLN believes all statements to be true, they always depend on the reliability of NLN’s sources. NLN recommends that you consult a qualified investment adviser, one licensed by the appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions and NLN urges you to confirm the facts on your own regarding any trades or companies NLN mentions before making important investment commitments. The “Trading Based on Martin Armstrong Socrates alerts” and the “Stock and Private Placement” alerts written and distributed by NLN do not, and cannot, constitute a recommendation to buy or sell any security.
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