Join John Carter for a Webinar on Beating the Market Makers

If you’re interested in how a professional trader successfully uses Weekly Options, or just interested at all in the topic, then set aside some time this evening to join professional trader John Carter as he presents a webinar entitled “Beating the Market Makers” where he will describe the strategy he uses with weekly options. The…

Quick Charting August 15 Internals Ahead of the Open

With the pre-market futures gapping lower under a key support level, let’s step back to see the picture of Market Internals behind the price action. Price has formed a sideways consolidation rectangle pattern between the 1,685 and 1,700 index levels along with a “Bull Trap” or failed breakout above the 1,700 key target. During August,…

An August Breakout and Trend Reversal for Apple AAPL

After spending months consolidating with a “Rounded Reversal” basing pattern, Apple (AAPL) shares powerfully broke a critical resistance level which triggered an official trend reversal signal. Let’s view the chart from the top-down, starting with the Weekly Chart: In my prior August update for Apple (Apple Trades into Overlapping Resistance Target), I highlighted the confluence…

Link: Opportunities from the Wave Principle Webinar

I wanted to highlight an educational opportunity from Jeffery Kennedy’s upcoming Wednesday August 14th webinar “Uncover Hidden Opportunities from the Wave Principle.” Jeffrey is the lead commodity analyst at EWI and has just released a new book “Visual Guide to Elliott Wave Trading” (Bloomberg Finance) and he will be presenting a 45-minute educational/introductory webinar for…

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Quick Lessons from the August SP500 Bull Trap

The market reversed course with an initial Bull Trap event after a breakthrough above the known 1,700 key index target level. Let’s step inside the failed breakout, identify key factors that hinted at the reversal, and compare this outcome to recent Bull Traps. Here’s the intraday SP500 index chart with Internals: In general, a breakthrough…

Apple AAPL Trading into Overlapping Resistance Target

After a stellar rally from the recent lows – and a ’rounded reversal pattern’ – Apple (AAPL) shares have achieved a confluence upside price target which now becomes the focal point of short-term trading strategies for the stock. Let’s take a look at what indicators overlap at the current levels and the game-plan created from…