Home About Millennium Forum Guide to Services Trial Subscribe Member Login
Live chat by Boldchat

Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Chart Settings
Triple Access
Double Access
Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Market Commentary
Economic Calendar
Weekly MarketNews
Trader Tips
Market Alerts
Stocks Chat Room
Futures Chat Room
Forex Chat Room
Options Chat Room
Penny Stocks Chat Room Trading Rooms
Performance Tracking
Other Services
General Information
Stocks
Futures
Forex
Options
Penny's
FREE e-Book
Taking Day Trading
by Storm


Get into the basics on how to become a Professional Day Trader!

more info...







New Flash Crash Prevention In Effect

New Flash Crash Prevention In Effect New Flash Crash Prevention In Effect

Rules intended to prevent another “flash crash” like the one that shook Wall Street on May 6, 2010 that sent the Dow Jones Industrial Average plunging nearly 1,000 points before swiftly recovering to a 348-point loss, took effect today. The “limit up/limit down” rule initially requires trades from a group of liquid listed stocks be executed within a range tied to recent prices for that security with a five-minute pause if trading is unable to occur within the price band for more than 15 seconds. Price will be based on the average price of the security over the preceding five minutes. The limit-up/limit-down system is considered more advanced because it would halt trading if the market is faced with a major liquidity event. The 15-second “limit state” feature allows the market to correct naturally in the event of an erroneous order without the longer halt. The new rule would mean that - if the S&P 500 (SPX) drops by 7%, 13% or 20% from the previous day’s closing price - U.S. stock markets would cease trading for 15 minutes. The new circuit breakers reduce the percentage decline that would trigger a market-wide trading halt and reduces the amount of time that trading is halted for. Throughout a typical trading session, more liquid securities typically have narrower 5% bands than less liquid ones which have 10% bands. Occasionally, other erroneous actions such as a mis-typed erroneous limit price, have triggered the circuit breakers that were designed to halt trading of a security during periods of uncertainty, so that market participants could assess the situation and provide liquidity. The rule replaced the circuit-breaker program that temporarily halted or slowed down trades of a particular stock if the price moved 10% or more in a five-minute period, enacted by the Securities and Exchange Commission in May 2011. Along with a new set of controls to implement the new system, exchanges, alternative trading systems and broker-dealers acting as market-makers have been setting up automated systems. Existing market-wide circuit breakers that - when triggered - halt trading in all exchange-listed securities throughout the U.S. markets are being updated by the SEC. The idea is to implement the program on a number of the most liquid securities first, monitor the results then expand it to all equities as the restrictions are implemented in phases and eventually apply to all exchange-traded stocks.

Mary Jo White, former U.S. attorney for the Southern District of New York in Manhattan for almost 10 years, and partner at the law firm of Debevoise & Plimpton LLP in New York, was almost unanimously approved by the Senate on Monday to head the Securities and Exchange Commission. White notably supervised the prosecution of New York mob boss John Gotti. White received strong bipartisan backing by lawmakers on the Senate Banking Committee and was approved by that panel with a vote of 21 to 1 on March 19, with her strong enforcement credentials. According to an SEC spokesman, White can start her job at the SEC as soon as tomorrow, pending completion of the confirmation process. White acknowledges that federal prosecutors are instructed by Justice Department policy to consider the collateral consequences of a criminal indictment, including any impact on shareholders, employees and the public although she maintains her stance that no bank is too big to charge. She specialized in prosecuting complex securities and financial frauds during her tenure as a U.S. attorney. Additionally, White led the prosecution that resulted in the conviction of four followers of al Qaeda leader Osama bin Laden for the 1998 bombings of two U.S. embassies in Africa that killed 224 people. White faced prior criticism stemming from her defense while in private practice in a 2010 civil lawsuit of Ken Lewis who was at the helm of Bank of America Corp. (BAC). Former New York Attorney General Andrew Cuomo accused Lewis of misleading shareholders in the institution’s acquisition of Merrill Lynch while BAC received billions of a dollars in a federal bailout during the height of the financial crisis. According to documents from the Office of Government Ethics, other high-profile clients White has represented include Deutsche Telekom AG; General Electric (GE); Rajat Gupta - former Goldman Sachs (GS) director sentenced to two years in prison in October 2012 after being convicted of insider-trading charges; and J.P. Morgan Chase & Co. (JPM).

Chief Executive Ron Johnson of J.C. Penney Company (JCP) is stepping down, leaving the future of a company that lost $1 billion over the past year in the hands of its former CEO Mike Ullman. Penney said Ullman, who left Penney in November 2011 after Ackman pushed to bring Johnson in, served for seven years as Penney CEO and has a 25 year retail industry experience. Question remains unanswered by Penney as to whether the return of Ullman is on an interim basis or if the company plans to seek a permanent replacement. “While J.C. Penney has faced a difficult period, its legacy as a leader in American retailing is an asset that can be built upon and leveraged,” Ullman said in the statement. “To that end, my plan is to immediately engage with the company’s customers, team members, vendors and shareholders, to understand their needs, views and insights. With that knowledge, I will work with the leadership team and the Board to develop and clearly articulate a game plan to establish a foundation for future success.” Johnson leaves Penney in disarray after facing criticism for eliminating the sales and coupons in 2012 without a broad market test, a move that led to a dramatic sales slump. Penney was in the midst of rolling out in-store shops strategy by Johnson which included home section featuring brands such as Michael Graves and Jonathan Adler.


Milestone for Millennium-Traders, we are extremely proud to be one of the top 1% most viewed LinkedIn profiles for 2012.

Double Down Offers on Subscriptions, monthly rates at low as $75 per month plus, weekly subscriptions now available.

Free e-BOOK on Day Trading with confirmed subscription to our Free Weekly MarketNews newsletter.

One week trial to our Day Trading Rooms for stocks, futures, forex and options.

Professional Training Programs available for stocks, futures, forex and options traders.

Live Stocks trading calls focus on NYSE, NASDAQ and AMEX.

Live Futures trading calls focus on YM, NQ, TF and ES.

Live Forex trading calls based on New York trading session focus on GBPUSD, USDCAD, USDJPY, EURUSD, GBPJPY, USDCHF, EURJPY, EURAUD, AUDJPY, CHFJPY, EURCAD, GBPCAD and AUDUSD.

Live Options Trading Room available to subscribers weekdays starting at 9am ET.

Detailed historic performance for all calls is available on our Market Commentary page.

Opt-in to our free Weekly MarketNews sent via email, first trading day of the week which includes recap of markets from previous week and what is ahead for the upcoming trading week.

Monthly Trading Lesson provides new trading subject every month.

Register now for our Free Chat Rooms - penny stocks, options, stocks, futures and forex! Chat with other traders any time, day or night, 24-hours a day.


April 8, 2013


Top of the page


   

Performance
Stocks Trading Room
Total for Year
Last Week
$70,240.00
$0.00
Futures Trading Room
Total for Year
Last Week
$85,270.50
$0.00
Forex Trading Room
Total for Year
Last Week
$251,937.90
$0.00
Options Trading Room
Total for Year
Last Week
$145,900.00
$0.00
empty
Total for Year
Last Week
$0.00
$0.00
News & Commentary

Forex Day Trading Room Performance for May 6, 2016

Futures Day Trading Room Performance for May 6, 2016

Forex Day Trading Room Performance for May 5, 2016

Futures Day Trading Room Performance for May 5, 2016

Stocks Day Trading Room Performance for May 5, 2016

Forex Day Trading Room Performance for May 4, 2016

Futures Day Trading Room Performance for May 4, 2016

Forex Day Trading Room Performance for May 3, 2016

Futures Day Trading Room Performance for May 3, 2016

Stocks Day Trading Room Performance for May 3, 2016


News & Commentary

Monthly Trading Lesson


RSS Feed...
subscribe by
clicking on above

Social Networks...
subscribe by
clicking Icons below