Power Trading Radio - A Trader's Perspective On Investing In Stocks, Futures, Forex, Options Podcast

Wednesday’s trading started out just like any other day, with a nice gap up and a little continuation rally that lasted several hours. Around midday, rumors started circulating that Apple might need to be rebalanced on the NASDAQ 100 which caused vicious selling for the remainder of the trading day. This selling crushed all gains, and dragged down all 3 major US indices. Steve Bobbitt joins the show to talk about how today’s trading activity may be the top that he is looking for. Bobbitt looks at how the futures relate to the underlying index, and the clues they give us about market health. Merlin and Steve offer targets for a variety of trading vehicles and offer insight into what the future may hold.