First The Pause, Next Up...

[] [View in browser]( [View in browser]( [] AUG 29 2023 [] [] GUY COHEN’S MARKET INSIGHT We Got The Pause, What’s Next? Our S&P Medium Term Timer has emerged from being oversold to just bearish. Thursday’s bearish monorail bar suggests further lows in due course while Friday’s fightback suggests short-term friction around these levels. We're now watching the next few bars for more information on the overall market direction. Here’s what my indicators are telling me about the major indexes: • S&P 500 - The S&P has bounced downwards off its 50-dma, and looks like it will get messy. • Nasdaq 100 - Same as the S&P. • Russell 2000 - The IWM is resting at its 200-dma, which is exactly what I suggested it would do last week. • Dow Jones - The DIA is also resting as suggested, though this one is below its 50-dma. [Click here to continue reading…]( Follow the money, — Guy Cohen [] [] JEFFRY TURNMIRE Dissecting the Vulnerabilities of Wall Street's Trading Bots The world of finance isn't as human as it once was. These days, Wall Street is an orchestra of algorithmic trading bots, executing trades at near light speed. While these automated traders are highly efficient and immune to human emotions, they are far from perfect. Despite their sophistication, they've made errors that have sent ripples across the market. Let's take a dive into three instances where the bots dropped the ball. The Knight Capital Group Incident On August 1, 2012, an erroneous algorithm deployed by Knight Capital Group caused a flurry of unintended trades, leading to a staggering loss of $440 million in just 45 minutes. This glitch resulted from a software update that triggered millions of flawed trades, leading to Knight Capital's eventual collapse. Facebook IPO Fiasco When Facebook went public in May 2012, high demand and trading volume put the NASDAQ’s system to the test. The result wasn’t pretty. A design flaw in the system couldn't handle the trading rush, causing order cancellations and modifications to fail. This led to a chaotic opening and delayed confirmations, inflicting losses on traders who couldn't execute trades at desired prices. Swiss Franc Shockwave In January 2015, the Swiss National Bank unexpectedly announced that it would no longer hold the Swiss Franc at a fixed exchange rate with the Euro. Algorithmic trading systems, unprepared for such a move, couldn't adapt swiftly, leading to rapid, volatile shifts in currency markets. Some foreign exchange brokers suffered severe losses as their bots blindly followed pre-set trading rules. These incidents demonstrate how Wall Street’s trading algorithms can be a double-edged sword. On one hand, bots offer incredible speed and precision. On the other, they lack the ability to interpret unforeseen events or adjust strategies in real-time like a human would. In fact, I think I’ve discovered a flaw in Wall Street’s bots that cause a certain ticker — when specific circumstances are met — to have a “misprint” on some of its options. And I’ve been exploiting this flaw for over a year with a perfect 54-0 track record. If you’d like to see how I’ve been exploiting this Wall Street glitch, I encourage you to [click here to reserve your spot](. I’ll be going live tomorrow — Wednesday, August 30th @ 3pm Eastern — with all the details of what I’m calling “The Income Glitch” — Jeffry Turnmire [] [] [] [] [] AUG 29 2023 [] [] GUY COHEN’S MARKET INSIGHT We Got The Pause, What’s Next? Our S&P Medium Term Timer has emerged from being oversold to just bearish. Thursday’s bearish monorail bar suggests further lows in due course while Friday’s fightback suggests short-term friction around these levels. We're now watching the next few bars for more information on the overall market direction. Here’s what my indicators are telling me about the major indexes: - S&P 500 - The S&P has bounced downwards off its 50-dma, and looks like it will get messy. - Nasdaq 100 - Same as the S&P. - Russell 2000 - The IWM is resting at its 200-dma, which is exactly what I suggested it would do last week. - Dow Jones - The DIA is also resting as suggested, though this one is below its 50-dma. [Click here to continue reading…]( Follow the money, — Guy Cohen [] [] JEFFRY TURNMIRE Dissecting the Vulnerabilities of Wall Street's Trading Bots The world of finance isn't as human as it once was. These days, Wall Street is an orchestra of algorithmic trading bots, executing trades at near light speed. While these automated traders are highly efficient and immune to human emotions, they are far from perfect. Despite their sophistication, they've made errors that have sent ripples across the market. Let's take a dive into three instances where the bots dropped the ball. The Knight Capital Group Incident On August 1, 2012, an erroneous algorithm deployed by Knight Capital Group caused a flurry of unintended trades, leading to a staggering loss of $440 million in just 45 minutes. This glitch resulted from a software update that triggered millions of flawed trades, leading to Knight Capital's eventual collapse. Facebook IPO Fiasco When Facebook went public in May 2012, high demand and trading volume put the NASDAQ’s system to the test. The result wasn’t pretty. A design flaw in the system couldn't handle the trading rush, causing order cancellations and modifications to fail. This led to a chaotic opening and delayed confirmations, inflicting losses on traders who couldn't execute trades at desired prices. Swiss Franc Shockwave In January 2015, the Swiss National Bank unexpectedly announced that it would no longer hold the Swiss Franc at a fixed exchange rate with the Euro. Algorithmic trading systems, unprepared for such a move, couldn't adapt swiftly, leading to rapid, volatile shifts in currency markets. Some foreign exchange brokers suffered severe losses as their bots blindly followed pre-set trading rules. These incidents demonstrate how Wall Street’s trading algorithms can be a double-edged sword. On one hand, bots offer incredible speed and precision. On the other, they lack the ability to interpret unforeseen events or adjust strategies in real-time like a human would. In fact, I think I’ve discovered a flaw in Wall Street’s bots that cause a certain ticker — when specific circumstances are met — to have a “misprint” on some of its options. And I’ve been exploiting this flaw for over a year with a perfect 54-0 track record. If you’d like to see how I’ve been exploiting this Wall Street glitch, I encourage you to [click here to reserve your spot](. I’ll be going live tomorrow — Wednesday, August 30th @ 3pm Eastern — with all the details of what I’m calling “The Income Glitch” — Jeffry Turnmire [] [] [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](