BlackBerry shares (BBRY) broke free of daily and weekly resistance, triggering a new bullish phase. Let’s pinpoint the key levels, note the new “Open Air,” and compare notes on where price goes from here. We’ll begin with the big Weekly Breakout today: After a series of positive divergences, price reversed once again off the $6.50…

Price was on a volatile arc this morning that keep us within the lengthy trading range. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these morning updates. We still can’t use our larger Fibonacci Retracement Grid levels WITHOUT…

The weaker than expected GDP report this morning spiked volatility higher in our quad-market grid. Let’s highlight these movements and the big reversals taking place today: In our quad-market grid, we see @ES (E-mini US Stock Market Futures), @GC Gold, @CL Crude Oil and @DX the US Dollar Index. Surprisingly, the US Equity Market has…

A weaker than expected GDP report this morning was exactly the bullish catalyst needed to boost the stock market to new all time highs! Our bizarre trading environment (bad new is actually really good news) continues with the chart update below. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:…

“Strong stocks tend to get stronger.” Facebook (FB) shares gave us another example of this powerful investing (and trading) concept as a supremely strong uptrend continued with a breakout to a new all-time high this morning. Here’s the weekly chart in all its bullish glory: We define uptrends by the series of price highs and…

With the Fed NOT raising rates as expected, price responded with little fanfare – or movement. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these morning updates. We still can’t use our larger Fibonacci Retracement Grid levels WITHOUT…

As widely expected, and with little fanfare, the Fed did absolutely nothing today except keep the short-term S&P range going. The non-decision (to do nothing with rates as expected) was well-received by the market, bouncing price up away from support to keep the Rectangle going. Here’s the current S&P 500 Intraday Rectangle Range: In the…

The Fed won’t raise rates later today at their meeting, and the market could rally as a result. We’ll be watching also for a pullback/retracement in the event the market doesn’t like the outcome or guidance. If so, we’ll use our grid below to plan the rest of the session and the remainder of the…

Today’s market activity was a volatile, big swing event that resulted in an intraday triangle pattern. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Price continues to trade within the wider range between the 2,160 and 2,175 level. While it’s a lengthy consolidation rectangle, today saw a…

McDonald’s (MCD) gives us another example of what can endlessly frustrate new traders. Beating earnings, the stock collapsed 4% in the morning session. Better earnings… collapsing stock?  What’s going on? Let’s take a look at the chart, the gap, and see where the price goes from here: First, Wall St. consensus estimates were for an…