The Consumer Staples Squeeze XLP Sept 29

Sep 29, 2016: 10:12 AM CST

What’s about to happen with Consumer Staples?!

We’re seeing a compression or triangle form between key moving averages ahead of a decisive breakout.

The “EMA Squeeze” is one of my favorite patterns and we don’t see it often.

While we can see a normal short-term TRIANGLE in price, the key factor is that the triangle forms between the boundaries of the rising 200 day SMA and the falling 20 day EMA.

The “Midpoint Magnet” of the pattern is $53.00 per share as buyers and sellers find balance.

While we don’t play the triangle pattern, we will look to play a breakout from the pattern, either above the $53.50 (and $54.00) level for a bullish swing or else bearish beneath $52.50 for a bearish trigger.

Whatever happens, focus on the pattern and prepare for the future breakout.  It should be interesting! Continue Reading…

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Emini Triangulates Within our Fibonacci Grid Sept 29

Sep 29, 2016: 9:56 AM CST

As we get ready to begin October, the S&P 500 (@ES) is “triangulating” within our Fibonacci Grid.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:

Here’s a reference guide of how to use and trade from these morning updates.

Although Crude Oil is getting a big bullish boost, stocks remain trapped within a tightening range.

The Midpoint of the Triangle – crudely drawn – is near 2,155.

Still, we’re successfully using our known Fibonacci Price Levels as targets and possible intraday reversal points.

Want these levels and additional strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Continue Reading…

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Price Playing Perfectly through our Fibonacci Grid Sept 27

Sep 27, 2016: 10:43 AM CST

If you’re not using our Fibonacci Grids each morning, you’re missing out!

Be sure to bookmark our homepage and check back each morning for free updates to our grid and quick-planning for you day.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:

Here’s a reference guide of how to use and trade from these morning updates.

Yesterday saw a gap down from 2,157 toward 2,148 for a continued fall – and now reversal – into 2,139.

I advocated focusing on the 2,139 level to trade the departure away from this pivot which set the stage for a strong bullish reversal this morning back toward our 2,148 pivot where we are now.

Continue trading the movement toward and away from these key short-term/intraday levels.

Want these levels and additional strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Continue Reading…

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Emini Slicing Down through our Fibonacci Grid Sept 26

Sep 26, 2016: 11:13 AM CST

If you’re not using our Fibonacci Grids each morning, you’re missing out!

Be sure to bookmark our homepage and check back each morning for free updates to our grid and quick-planning for you day.

We’re seeing the fall down away from our 2,170 level through the heart of the grid as we’ll see in a moment.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:

Here’s a reference guide of how to use and trade from these morning updates.

We’re back to where we started BEFORE the Fed failed to raise rates last week (and the market surged).

Look carefully at the highlighted areas at 2,157, 2,148, and now 2,139 – all of which came into play on the fall.

For today’s session, we’re laser-focused on 2,140 and will play the bullish or bearish movement AWAY FROM this newly achieved pivot.

Want these levels and additional strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Continue Reading…

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Trading Through our Fibs Sept 23 Emini Grid Update

Sep 23, 2016: 1:55 PM CST

If you’re not using our Fibonacci Grids each morning, you’re missing out.

Be sure to bookmark our homepage and check back each morning for free updates to our grid and quick-planning for you day.

Today we’re seeing a fall down away from our 2,170 level toward the intraday pivot at 2,156 where a reversal is brewing.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:

Here’s a reference guide of how to use and trade from these morning updates.

With the Fed NOT raising rates as expected, the market shot like a rocket straight up into our ‘Final Fib’ level.

From there, price traded around 2,169 and now broke lower, falling all the way to our 2,156 Fib Pivot.

We will focus our attention there for a possible end-of-day rally and plan for Monday.

Want these levels and additional strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Continue Reading…

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