An Uptrending Gap to New Highs for Robotics and Automation Fund ROBO

May 23, 2017: 1:21 PM CST

Here’s a fun ETF you may not have heard discussed before – it’s ROBO, the Global Robotics and Automation Fund and it just accompanied the market to a new all-time high.

In the chart below we see the continuing uptrend and new high this morning:

If you think robots and automation is a big future trend, you may want to read the prospectus and study this fund.

Right now, shares are uptrending with the broader stock market and just gapped above the $34.50 per share level.

We’re seeing volume and momentum accompany (confirm) the price movement as the moving averages highlight a strongly rising trend.

Like any new or emerging technology, there can be bumps along the road higher.

It’s probably advised to wait for a pullback, as would be the strategy for entering any uptrending stock.

Nevertheless, if you’re looking for something interesting and new, take a look at this fund and follow along. Continue Reading…

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Another Swift Surge to the Highs May 23 Update

May 23, 2017: 1:12 PM CST

Back to the highs we go again as this endless bull market simply continues after last week’s sharp dip.

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

If you’re new to the trading world, you may either be puzzled by this endless bull market (“when will it end?!”) or overjoyed that you continue to make money easily and efficiently via buying every single dip this market gives us (“it’ll go up forever!”).

Still we’re trading the same market that does have a strong resiliency and underlying – persistent – bullish strength.

Here we go one more time above our Fibonacci Grid levels on a gap-up; price is traveling another bullish pathway toward the highs.

As intraday traders, we determine which side is in control for the day and go with that side – giving us another Trend Day so far.

As we approach the 2,400 target, increase your awareness/caution for another possible pullback from the target.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Continue Reading…

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Up Up Up and UP Forever Emini Update May 22

May 22, 2017: 11:51 AM CST

Back to the highs we go as this endless bull market simply continues after last week’s sharp dip.

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

If you’re new to the trading world, you may either be puzzled by this endless bull market (“when will it end?!”) or overjoyed that you continue to make money easily and efficiently via buying every single dip this market gives us (“it’ll go up forever!”).

Still we’re trading the same market that does have a strong resiliency and underlying – persistent – bullish strength.

Here we go one more time above our Fibonacci Grid levels on a gap-up; price is traveling another bullish pathway toward the highs.

As intraday traders, we determine which side is in control for the day and go with that side.

Right now it’s the bulls and with the exception of last week’s ONE DAY (can you believe it?) dip, buyers have remained dominant virtually every day.

Today – at least for the morning – is simply no exception to the bullish pressure and capitulation of the short-sellers.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Continue Reading…

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Fascinating Fibonacci as Emini Plays within Grid May 19

May 19, 2017: 12:10 PM CST

Even in a period of high volatility, our Fibonacci Retracement Grid serves as an important reference for short-term traders.

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

Price fell from the highs all the way to the 61.8% Fibonacci Retracement level at 2,355 and now we’re seeing a strong swing up through the key levels.

These are intraday targets and potential reversal/fade trade entries – note how price reversed intraday at the two higher levels.

Now we’re seeing a play back to the 23.6% level at 2,385, making us cautious into this key pivot… and bullish once again above it.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Continue Reading…

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Facebook FB Plays Between the Daily EMAs

May 18, 2017: 1:04 PM CST

Facebook fell from the highs recently but pulled back to a key support area to trigger a possible buy signal.

Today we’re seeing a logical rally and will be watching what happens next for any new trading plan updates:

Facebook shares (FB) remain in an uptrend which suggests we use retracement style strategies to trade the stock.

The last successful pullback was in April ahead of a stellar rally into May.

However, shares puled back again to the $150 level and now to the $144.00 target of the 50 day EMA and prior price high (yellow highlight).

Yesterday triggered an aggressive pullback buy signal into this confluence support level and today we’re seeing the expected “bullish bounce away from this level” price action give profits to aggressive bulls.

For those not positioned – or managing open positions – watch what happens here as price tests (touches) the underside of the 20 day EMA (green). Continue Reading…

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