Welcome ladies and gentlemen. Robert Roy founder of WealthBuildersHQ.com and welcome to another edition of Trade with Rob, which is for August 18th, 2021. Now, the markets are closed about 15 minutes right now. So let’s go ahead and take a quick look at the S&P 500, keeping in mind that all the candidates we look at are for educational purposes only, nothing is meant to be advice and/or recommendations. Alright so with that, let’s go look at the S&P 500 1st.

So we got a nice slammer-dammer today, down 30, some odd points on day’s end. If we look at the daily chart, you can see it, overall, I mean, we’re just rocking. I mean, we are just crushing it to the upside. Look at that move. Chugga chugga chugga… “COVID” what? Nope. We’re just hitting home runs, baby.

So look what happened here today. We closed just below that 8 EMA. We just got down barely, but look what we stretched down to – all the way down to the yellow, which is the 21 EMA. And we can bolted back off of that. We gave some back. So with that, we’re going to go take a look at some candidates. Now, we don’t have to go bullish and/or bearish because there are stocks, and we’ve got some of them now – I’m going to actually do a quick recap today that have done fantastic in inverse relationships in the market.

So today’s candidate is Akamai. AKAM is the ticker symbol. So let’s go to AKAM. QQQ is the only open trade we have right now. So if we look at this from a Fibonacci standpoint, what has happened with AKAM?

V bottom. Nice. Nice, nice, nice, nice, good stretch and a hard push down. I love it. Great thrusting pattern up, and then a good fail. We pushed up, here, kitty-kitty. We came right back down – over and over and over and over again. Finally, we pushed up and pulled back, and then until now, we haven’t come anywhere near that zero line again. We ran out of it and now we’re at a retest. So let’s go see what we’re looking at for our numbers.

Alright, so I brought in the chart that’s all marked up now, and I’m going to zoom in on it so you can get a much better view. There’s our zero-line at 113.99. What we’re looking for is a test of it. Doesn’t have to come all the way back down, but I need something to come back down close to it, close near it, bounce off it – that is your call on how you take your entries.

If you are wrong and it goes against you, 112.50 is your first stop. What do you mean by your first stop, Rob? Well, what’s going to happen here is we’re going to set this up in two different exits.

So target one is going to be right here at 116.25. So if you take two contracts, your very first target or whatever you take, let’s say you take two, have the trade comes off at 116.25. If you’re wrong, your stop is down here. Your initial stop, both contracts, the full trade comes off at that 112.50 level.

If you are right and it moves, this is not filled in and moved up and hit target one. You’re going to move your stop up just above breakeven, and target two is up here at 119. All right, that’s the way the cookie crumbles baby.

So if you look down in the description notes, there is a link that’ll take you to a training video that I did on how to trade this setup. All the details you need, everything there is about it. I want to pull the tracking sheet in that I use very quickly, keeping in mind that this, again, is for educational purposes only. This assumes you took two contracts, utilizing my entry style. The only thing we have open right now is QQQ. You know, we’ve got all of our trades from May 20th are right here. Everyone go back and check every Trade with Rob is posted. You can see them all on our website.

We’ve had two trades go against us. We had 4 trades we did not take at all. And, AEM actually wound up working out extremely well, but we didn’t take it because it was too late. And the rest of the trades were bullish trades that we won on. Some, we got one exit, some we got both exits were good. However you want to slice it. But over the course of almost three months, two months and three weeks, we’re up $12,956.25 cents, and that’s on two contracts. If you did 10 contracts, it would be 5X that -ish. Right? So there you have it, ladies and gentlemen make it a profitable day. Stay focused on the quest to becoming a great trader, keep crushing it. And remember, you’re just one trade away. I will see all of you at our next update. Bye for now.

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