June 29 Bullish Surge Emini Fibonacci Update

Let’s take a quick holiday week peek under the bullish price action to view the end-of-year message from current S&P 500 Market Internals. We’ll take the chart step-by-step. We focus on price action – particularly key levels – for structure, targets, trade-planning, and trade management. After the Federal Reserve’s December ‘surprise’ (see prior posts:  “Comparing…

After a surge toward the prior high, we’re seeing a logical pullback toward a key price pivot. Here’s today’s updated Emini (@ES) trading levels for your trades: We’ve seen a powerfully impulsive breakout from 2,350 toward the 2,400 target and here is the natural pullback. Watch our “Final Fib” level at 2,381 which is exactly…

Until recently, four leading stocks in the Dow Jones Index were trending stably, comfortably higher and higher. All that changed with the recent pullback and “Flash-Crash” style open this morning. Let’s take a look at these charts and identify possible opportunities on the bounce-back. We’ll start with Disney (DIS): First, be sure to read my…

Which of the nine major sectors is currently the strongest, which is the weakest, and what does that say about the likely future of the stock market? Let’s take a look. The simple price comparison charts above – noting trend – highlight the nine main AMEX Sector SPDRs. We use this as the basis of…

What did our intraday scan reveal as the top “Trenders” so far mid-day February 21st?  And will these stocks continue to develop a Trend Day structure into the close? Let’s take a look at our “Top Uptrenders” of the Day so far: Cummins (CMI) returns to the “Top Trender” list – it first appeared on…

After a stellar price drop and reversal on two sharp downside gaps, Oracle (ORCL) shares face a major “make or break” challenge of a visual chart-based support level. Let’s take a look at the daily and then weekly picture to highlight this level for strategy planning: Without getting into too much detail, buyers and sellers…