High Flying Financial Goldman Sachs GS Falls from the Highs

Jan 18, 2017: 1:20 PM CST

Stocks that are high-flyers run the risk of crashing back to earth.

Goldman Sachs (GS) – a supremely strong stock – plunged $15 from the new highs and is on an expected – if not overdue – sell pathway lower.

Let’s pinpoint the chart pattern and note the key levels in play right now for GS:

After the November Election, financials stocks surged to the front of the market in terms of relative strength.

Money flowed into the financial sector and Goldman Sachs (GS) benefited strongly from this money flow.

Shares surged from $175 to peak under $250 here in January.

However, a lengthy sideways pattern and negative divergences in December set the stage for the January fall.

The breakdown under the support of the rising 20 day EMA ($240) sets the stage for a fall toward the rising 50 day EMA into $225.

Here’s the pattern and development of the divergences and current plunge from the highs: Continue Reading…

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Range Range Here to Stay Emini Update Jan 18

Jan 18, 2017: 1:09 PM CST

If you’re ready for this trading range at the highs to end, you’re not alone.

Unfortunately for us, Mr. Market does not want to comply with a breakout.

As short-term traders, we plan and play the cards we’re dealt – and right now it’s a clear trading range.

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

We continue to see price – as planned – move within the 20 point trading range and our Fibonacci Levels.

We’re in the midpoint of an expected sell-swing “down away from” 2,270 potentially toward 2,260 then 2,250.

A future breakout is on the horizon but it’s not here yet.  Play the range until we do get this future breakout.

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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Emini Down from the Highs Still within the Range Jan 17

Jan 17, 2017: 11:29 AM CST

In the battle for market dominance we still DON’T have a winner! Bulls? Bears? Still nothing.  But that’s fine.

Instead we remain trapped at the highs in a volatile sideways trading range.  Today we’re coming down from the highs.

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

Supply and demand move price; it’s nothing magical.

We expected a sell swing going into today’s session and so far that’s what we’re seeing.

With neither side victorious, we’re seeing volatility increase and our Fibonacci Levels serving as targets and short-term inflection (reversal) points.

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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Still Range Trading at the Highs January 13 Update

Jan 13, 2017: 1:19 PM CST

In the battle for market dominance we still DON’T have a winner!  Bulls?  Bears?  Nada.

Instead we remain trapped at the highs in a volatile sideways trading range.

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

Supply and demand move price; it’s nothing magical.

Right now we’re at a critical reference area – 2,270 in the @ES which is just under the all-time high.

Buyers want to extend the market higher with a breakout, and they’ve countered each of the three recent sell-offs of the bears.

With neither side victorious, we’re seeing volatility increase and our Fibonacci Levels serving as targets and short-term inflection (reversal) points.

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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Volatility Returns to the Emini January 12

Jan 12, 2017: 1:26 PM CST

Buyers and sellers continue to struggle for dominance at the highs and right now neither side is winning.

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

Supply and demand move price; it’s nothing magical.

Right  now we’re at a critical reference area – 2,270 in the @ES which is just under the all-time high.

Buyers want to extend the market higher with a breakout, and they’ve countered each of the three recent sell-offs of the bears.

With neither side victorious, we’re seeing volatility increase and our Fibonacci Levels serving as targets and short-term inflection (reversal) points.

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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