How to Stay Out of Trouble – Hubert Senters

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Check the upcoming news releases for important events. Tomorrow (10/21/11) is options expiration day which generally means the markets will be choppy. Hubert’s recommendation is that, unless you have options positions, don’t trade.
A few rules to keep in mind during the open:
– The markets will probably be choppy if the Dow hasn’t moved at least 30 points in the first 30 minutes of trading
– If the ADX is below 20
Most of the markets didn’t see much movement today. Gold looks like it is getting weaker. In the Stock market, AAPL might be peaking because of the recent death of Steve Jobs. In other major stocks like AMZN, GOOG, and LNKN, nothing is happening. Use a radar screen to check to see where the movement is.
Next, Hubert recaps some scalp trades he made on crude using the Delta Divergence indicator and explains how he uses it.


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