Finally a Breakout from our Emini Fib Grid Range April 11

Apr 11, 2017: 10:05 AM CST

Well that’s what we’ve been waiting for!!

Price broke beneath our short-term Fibonacci Support level and is collapsing toward the lower target.

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

Today reminds us why patience pays – especially when awaiting a range breakout.

Sellers shattered the 2,345 support level, opening up a morning sell-swing toward the 2,329 prior target.

Continue monitoring this rapidly developing situation in a newly volatile morning market.

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 Remains in Thrilling and Exciting Range April 10

Apr 10, 2017: 11:24 AM CST

Reality: It’s NOT a thrilling and exciting range, but that’s where price remains as we begin this new week.

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

Ever since peeking out of the range and experiencing a Bull Trap, price remained within our Fibonacci Grid.

Our key levels remain the 23.8% pivot at 2,365 and the more popular 38.2% pivot at 2,345.

I wish it were more interesting, but this is the hand – and range – we’re dealt until we get an actual 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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Surprisingly Volatile Intermarket Reactions to End the Week

Apr 7, 2017: 2:07 PM CST

This morning’s lower-than-expected Jobs Report didn’t shake up the equity market, but we’re seeing big reactions Friday in three key markets (and a surprise in one).

Let’s chart our intermarket grid and prepare ourselves for additional study over the weekend:

I’ll be briefing members fully this weekend but wanted to share a quick insight about money flow to end the week.

Put all these charts above in context of a FLAT or SIDEWAYS move today in stocks.

Gold surged higher along with US Treasuries – a defensive market – which is logical given the bearish Jobs Report.

However, we saw severe COLLAPSES in these markets mid-day with price erasing the gains and then some.

On the other hand, Crude Oil continued its uptrend creep higher above $52.00 per barrel.

The other surprise is the US Dollar Index which gapped up this morning and then surged higher this afternoon.

Watch these markets carefully into next week. Continue Reading…

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Range Trading the Jobs Report April 7

Apr 7, 2017: 2:00 PM CST

After a surprisingly lower monthly Jobs Report number, equity prices shrugged it off without a reaction.

As such, we remain within our new short-term trading range between two key Fibonacci Levels.

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

I wish I had more information for you but the market remains within our trading range.

Keep playing the departures from the high and low of the range – and remaining neutral – until we get a 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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A Pullback and Elegant Intraday Rounded Reversal for AMZN

Apr 6, 2017: 1:04 PM CST

Amazon (AMZN) appeared as the #2 top stock in our compression scan recently and it didn’t disappoint us with a powerful breakout impulse to all-time highs.

However, today we’re seeing a standard “fade” or retracement trigger away from the highs.

As I noted yesterday – and wanted to highlight for you today – Amazon set up one of the most elegant intraday reversal patterns I’ve seen.

Let’s take a look at the pattern for your educational and planning resources:

I run stock scans and publish the results to members, and Amazon topped our list of “Squeezed and Compressed Stocks Ready to Breakout.”

We can see what happened next with a multi-day rally and breakout from $860 to $920 in a week.

That alone is a great educational resource in the “Range Alternation” principle of price behavior.

Nevertheless, Wednesday gave us a shooting star bearish reversal candle (daily) and today gives us a strong sell-day lower as price retraces down from the $920 achieved high.

While the pattern (reversal candle above upper Bollinger) is impressive, the lower timeframe reversal is stellar: Continue Reading…

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