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Emini Podcast / The Daily Futures - Day 1 With Michael X

|Includes: DIA, GLD, SLV, SPDR S&P 500 Trust ETF (SPY)

The S&P 500 Emini Futures and well as the Dow Emini Futures both failed to hold on to their early gains. On today's program we had the opportunity to talk to our friend and frequent guest Michael X. This is about more than trading large or living large. I popped a key question on him last year or the year before. I popped it again today and guess what? His answer hasn't changed. Life's funny that way, the facts may change... but truth never does.

If you were not able to listen to the interview live today, you may already have some pre-conceived notions about what you're going to hear. I ask you to put them aside for the next hour and do more than just listen, I ask you to actually hear what he has to say. Let it resonate. No matter how many contracts you trade, this interview has the power to help you become the trader you've always wanted to be.

Michael will back with us again Thursday and Friday live from our studio in Las Vegas, Nevada. Tune in and bring your questions. This is a unique opportunity to get inside the mind of one of the single largest Emini Traders in the business. We would like to take this opportunity to thank Michael for taking the time to chat with us and answer your questions. Now click the headphones above and enjoy!

S&P500 EMINI FUTURES

S&P500 Emini Futures (NYSE:ES) 02/29/12

Last night we Tweeted an alert that if the market handed you 1379 you should sell it like you stole it. As you can see we missed our entry by 7 ticks. The ES peaked at 1377.25 and plunged to 1364.00. Sound familiar? After a 2 hour, 13 point drop we bounced off of 1364 and ran right to our Weekly Trading Zone at 1372 where we rolled over and dropped back to 1357 over the next 2 hours. Currently on Globex I hope you're watching this chart and I hope you got the last Tweet. If not, follow us @CFRN and don't miss the next one.

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Emini Podcast for Wednesday 02/29/12