Larry Pesavento, 54 year veteran trader with a MBA in Finance. He managed the commodities department of Drexel Burnham Lambert in Southern California from 1976 to 1981. Larry worked for Commodity Corporation in the 80’s. He has written 10 books on market cycles and pattern recognition. Larry has one of the most extensive libraries on the subject of technical analysis and has trained over 1200 traders using the pattern recognition swing trading methodology described in his books.
Over the past several years I had the good fortune to work with Jack Hughes on a daily basis as he has developed his trading methodology. I can honestly say that Jack has developed one of the most comprehensive trading strategies based on technical analysis that I have seen. It reminds me of the work that was done by Amos Barr Hostetter at Commodity Corporation in the late 60s. Not only does the system focus on support and resistance, it also defines both a short-term and long-term trends of the market. In addition to the technical aspects, Jack stresses the importance of sound money management and diversification all of which are important as he implements a strategy on global trading environment. I highly recommend this program. The number of times I have seen a program this good in my 54 years of experience you can count on one hand.
Owner CTS Capital Management and Ex Director of Research at The Bornhoft Group.
Through nearly 30 years as a researcher, trading system designer, money manager, and allocator, I’ve seen more trading strategies than I can remember. Original thinkers are rare, and I can count on the fingers of one hand the number of truly unique ideas I’ve seen during all that time. Very few people understand Market Profile™, and even fewer appreciate its power. Jack is the only person I’ve known in my career that has been able to systematize it, yielding a trading methodology that is without peer in the industry.
Jerry Jordan, President, Hellman Jordan Management, $1B in assets.
Jack Hughes has taken his years of experience in Commodity markets, and turned it toward a novel, and risk managed system of trading. I expect this venture to be as successful as his past!!
Partner Wexford Capital, LP., retired December 2013. Portfolio Manager of the Wexford Credit Opportunities Fund. Wexford Capital has $4 billion of assets across all strategies. Jack started at Wexford in 2004. Partner at Lazard Freres, founded and managed the firm’s High Yield and Distressed Debt Trading/Sales and Research Department. Jack was at Lazard Freres from 1991-1999.
Jack Hughes’ pioneering algorithms, innovative trading methodology and remarkable intuitive global vision, has proven to forecast market direction with superior accuracy. I have had the privilege of personally knowing Jack and following his financial market recommendations for more than twenty years, marveling at the extremely high percentage of winning trades that his proprietary algorithms signal. I endorse Jack, his proprietary programs and his continued success in his money management endeavors.
Fidelity Capital Markets Manager Government and GSE Trading since 1994.
I arrived in Boston from a Commercial Bank in New York City as a “fundamental” fixed income trader nearly 23 years ago. I began to follow Jack’s methodology and analysis—and though I still consider myself a “fundamental” (supply and demand) trader—it emboldened and encouraged me to take larger and more meaningful positions when it aligned with my own convictions. Relatedly, I have been more successful and profitable. Though I expect an imminent move to higher rates—I await Jack’s warning of a “Beanpot Trap” to fully enter my position.
Investor, Parkland Florida.
Jack Hughes has a unique ability to look at transitory markets and deliver a straight forward approach to sensible trading strategies. His clear, concise and enlightening explanations help to cut through the gluttony of conflicting information. His use of charting is a vital tool to a more transparent understanding of the tasks before you. His voice is a bolt of confidence all traders should consult.
Investment Advisor Representative at InnoVest Financial Services.
I have been following the PowerPlay for many years. Jack will always bring you to where the price action is. Jack’s market charting and daily missives are spot on. I have gained incredible insight and value from his work!
Founding Partner RAM LLC
I’ve known Jack Hughes for over 25 years, and I have the greatest respect for his ability as a trader, and the disciplined analysis he puts into his power-play newsletter. What I find most valuable is the fact that if his indicators don’t give him a strong signal, he stands pat. I have used his analysis profitably in my management of options and futures positions in commodities, interest rates, and stock indices. Given the fast that his “traps” are relatively rare, I’ve given them great weight. I’ve found his work more valuable than anyone’s.