Join Me at the World Money Show Orlando this February

Jan 12, 2018: 5:21 PM CST

It’s rapidly approaching and really will be here before you know it!  Don’t hesitate!

We’ll be looking forward to seeing you!

I’m excited about this opportunity to share some of the latest research and trading experience with you.

I’ll unveil new tactics and strategies designed for our current “runaway” market and the tactics that will keep you on the right side of price action especially when price reverses from the current uptrend.

Join us!  Register and learn more today.

Corey Continue Reading…

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Surprisingly Strong Money Flow to Start 2018

Jan 7, 2018: 1:25 PM CST

We’re back from a blogging sabbatical!  We’re back to our regular daily posting and updates.

What a better way to start back with a broad picture of the surprising and persistent movement in money flow so far in 2018?

Let’s begin with a simple grid and ease back into the markets:

After a relatively muted or range-bound end to 2017, markets ignited at the end of the year and continued so far into 2018.

What’s the simple picture?

Stocks continue to explode higher along with commodities Gold and Oil.

Unfortunately, not all markets can benefit from rampant and non-stop bullishness; the sacrificial lamb in this case in the US Dollar Index.

Keep in mind that trends, once established, have greater odds of continuing than of reversing.

Also, trends (persistent money flow into/out-of a market) can continue longer than expected.

We’re always on guard for sudden reversals and we’ll be watching for that in the week ahead.

We’ll keep you updated on these developments before and after the announcement so stay tuned!

Continue Reading…

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A Sneak Peek at MultiMarket Money Flow for Fed Week

Dec 11, 2017: 11:49 AM CST

We strongly suspect that the Fed will raise rates at their Wednesday, December 13th meeting.

What’s the picture setting up in our Quad-Market Grid before the announcement?

Money continues – without stopping – to flow INTO the US Stock Market.

At the same time, Gold saw money rapidly flow OUT OF it recently.

The US Dollar Index initially saw bearish money flow but price turned higher with a break above a falling trendline and bullish bounce ahead of the Fed announcement (the Dollar typically benefits from higher interest rates).

Finally, Oil continues its upward bullish drift that developed a sideways trading range beneath $60.00.

We’ll keep you updated on these developments before and after the announcement so stay tuned!

Continue Reading…

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A Euphoric Rally into Collapse Lesson from Square SQ

Nov 29, 2017: 2:40 PM CST

Here’s one for the lesson books – Square (SQ) had a euphoric or parabolic rally that gave way to the all-but-inevitable snap-back crash straight into a key support price.

Here’s the Euphoric Rise that gave way to the Stellar Collapse:

Square (SQ) is a new stock that you may not have traded yet but it’s sporting a classic pattern of a euphoric (unsustainable) rally that just gave way to a textbook collapse event.

Despite a strong higher timeframe uptrend, price stabilized (intraday chart) at the $32.00 per share level and built a rally toward $38.00 per share.

At that point, a clear Ascending Triangle Pattern developed which triggered a bullish breakout entry above $38.00 on November 10th.

Price got ahead of itself, surging straight up into a “Parabolic Arc” or “Euphoric Top” pattern that set the stage for the pain of a collapse after the pleasure of the euphoria.

Traders are encouraged to avoid trading INTO the late-stage euphoria (bullishly) due to the risk of a price collapse.

Similarly, bears are discouraged from short-selling a euphoric pattern event like this because price can remain overbought and irrational – and surging higher – beyond your ability to sustain a reasonable risk or stop-loss strategy.

VERY aggressive traders can engage short on the breakdown – in this case a gap – beneath the rising “arc” or adaptive trendline.

We’ve achieved our first target of the initial breakout from the original Symmetrical Triangle.

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A Commanding Reversal and Target Update for AutoZone AZO

Nov 29, 2017: 1:45 PM CST

If you enjoy trading trend reversals and surprise bullish rallies (and breakouts), AutoZone (AZO) is the stock for you!

Here’s the V-Spike Reversal from Down to Up and the New Levels to Watch:

AutoZone (AZO) stalled with a Distribution Pattern near $725 with a breakdown (breakout) and Trend Reversal DOWN in April 2017.

From there, price collapsed from the $700 level toward the $500 Round Number pivot.

Rather than build a “Rounded Reversal” or Accumulation Pattern, buyers intervened to create a V-Spike Reversal that catapulted share prices through $600 and now $700.

We’re watching confluence target – now achieved – at the $700 price level.

Use this as your Bull/Bear pivot for short-term trading strategies.

Price initially stalled into the 38.2% Fibonacci Retracement just above $600 and when buyers took price above this pivot, a rapid rush of buying (and short-covering/short-squeeze) sent price speeding toward our current target.

Study this pattern to pinpoint similar/future reversal patterns like this event.

Continue Reading…

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