TRADING TIPS

REGN and SPY Updates

Hubert Senters here. Let’s take a look at REGN. It is continuing to climb ever so slightly as the market rolled over today so it looks like it’s going to head towards $550. Now, if we look at the SPY you can see that it rolled over today. We had this nice little triangle and then it gap down and it’s pushing lower, that’s probably not going to hold at $240 and that $218 not going to hold. Now, Mark Helweg is going to be doing a special webinar on this thing called the tick trader. And you can see in the lower right hand part of the screen. What this enables you to do. Let me show you the one that’s the most active for like day trading and stuff. Now, for swing trading you use a different time frame and a different look back period and stuff. Anyway, what you’re looking at is yesterday we had enough day and it was mainly green and then this morning gap down situation in the SPY and selling all day long so that’s what’s good for telling you buying pressure versus selling pressure based upon the NYSE tick. If you look at the NYSE tick it’s a lot of information. It’s kind of hard to decode and it takes a long time to get used to it. Mark as smart he is. He’s able to — he construct stuff like that and make it easier to use and just put it in an indicator format. I’m going to HYPERLINK you to this webinar registration page which is tonight Wednesday, April 1st at 8PM EST. Good luck. Hope it helps. See you on the next video. Hubert.

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