New Lows for Downtrending Twitter TWTR

May 24, 2016: 10:05 AM CST

“Stocks that are weak (downtrending) tend to get weaker (keep downtrending).”

That quote is certainly true for “weak getting weaker” downtrending Twitter (TWTR) as price broke to a fresh new 52-week low this morning.

Let’s first start with the larger-picture downtrend (weekly chart) and pinpoint today’s new low:

After an IPO near $25.00 per share, Twitter (TWTR) stock tripled to the $75.00 per share level.

The Happy Days for Twitter were early in 2014 as price began a stellar and long-term downtrend.

From $75.00, price journeyed lower, supporting at the $35.00 level before breaking lower and resuming the downtrend in mid-2015.

Similarly, share prices stalled above $15.00 into 2016 but now may be breaking into a new sell-swing.

Here’s the Daily Chart and breakdown to new lows, keeping the downtrend going: Continue Reading…

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Breakout Bulls Emini Target Level Update May 24

May 24, 2016: 9:51 AM CST

What a start to this morning’s session!

Price gapped above our Fibonacci “breakout” target and extended two targets higher.

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

Take a moment to see the broader Fibonacci Grid for reference.

In the membership, we were awaiting a breakout from yesterday’s range consolidation between 2,042 and 2,054.

We’re seeing not only the breakout, but a bullish surge and dominance that boosted price through the 2,064 target into the current reference level at 2,074.

Reference May 10th for a similar example to help you in planning and trading today’s session.

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

Continue Reading…

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May 23 Emini Update Bouncing Between the Fibonacci Levels

May 23, 2016: 10:15 AM CST

A narrow opening range contains the price movement of the @ES between two key Fibonacci Levels so far.

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

Take a moment to see the broader Fibonacci Grid for reference.

At the moment we’re focusing our attention on the 2,054 level which was Friday’s resistance high.

It could also be today’s high if sellers can keep the price contained within this range.

If so, we’ll focus on a sell-swing down toward 2,042.

However, note the green upside pathway IF buyers succeed and push price beyond 2,054.  If so, we open the market up to 2,063 and possibly the 2,073 levels as future upside targets.

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

Continue Reading…

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Successful Fibonacci Grid for May 20 Emini Update

May 20, 2016: 10:02 AM CST

We’re already seeing success from our updated Fibonacci Retracement Grid this morning.

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

Take a moment to see yesterday’s update and the broader Fibonacci Grid for reference.

I successfully pinpointed an intraday reversal event that took place midday yesterday.

Today, we’re seeing the new short-term levels come into play right now with the expected reversal up away from the 2,020 level through the 23.6% level at 2,041 and now a possible reversal against 2,053.

Look closely at the updated levels and use them as your short-term targets and possible pivot points as usual.

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

Continue Reading…

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May 19 Collapsing Bear Emini New Level Update

May 19, 2016: 11:11 AM CST

Yesterday’s FOMC Minutes release collapsed the market back to the key 2,040 pivot and today’s session takes us under that support level.

What’s the next target and have we achieved it yet?

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

Take a moment to see yesterday’s update and the Fibonacci Grid for reference.

I’m showing a wider (larger) Fibonacci Retracement grid from the prior February low to the April high.

We’re focused on the 2,018 or 2,020 @ES level which is roughly the 38.2% Fibonacci Retracement as drawn.

We’re seeing intraday positive divergences develop into this level for a possible bullish reversal up here.

IF that does not happen AND the @ES breaks under 2,018, then we’ll likely see a bearish future ahead.  More details for members.

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

Continue Reading…

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