Today, I saw very light volume and a market that did not know where to go or what to do. It was basically in a holding pattern until the market knows who is going to be elected. But let me tell you one thing, when we find the winner, boy oh boy. This market is going to go right back to his old tricks of BIG swings. It happens every election and I remember all of the past one’s. 

When George Bush was elected the night trading was incredible. The market was establishing itself for new policy in so many areas. The environment, oil, exports, on and on. Every category saw shifts taking place and I would imagine that this time will be no different. With an Obama win, you can expect a big surge in alternative energy stocks. Solar power is going to experience a big surge in volume as people pile in. Every one has their buy lists ready to go and with a push of the button the reallocation is going to take place. In addition, those expecting an Obama win have placed their positions already, but that could be premature. Who knows? But we will see shortly. Expect big moves and it could be to upside. My job at Sniperdaytrading is not to predict, but to interpret and there is a difference. Once something happens, and as it is happening, we position ourselves to take advantage of the movement and thus the profit.

Below is a small sample of some trading chart setups that I look for. This is a very small sample but when I see these setups I move on them to capture my piece of the pie.  After that, is a small section of trades that I took today. I have notes next to the trades showing if it was a winning trade or loss. This small section of time is only 20 minutes, but a lot can happen in such a short time. Take a look for yourself.

Enjoy,

Vince

http://www.screencast.com/t/uR0XutHp2

http://www.screencast.com/t/jxZCIipcC4D

http://www.screencast.com/t/ByMOh7Ars