Straight Back to our Emini Fibonacci Target We Go March 7

Mar 7, 2017: 1:35 PM CST

It was so nice the market did it twice!

Today we’re seeing a Repeat Day of yesterday’s pullback and rally up away from our key 2,368 @ES Target.

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

Here we are! Achieving the 2,368 “First Fibonacci” target (23.6%) once again (it’s also a price pivot)

Monday and today gave us an early (potential) reversal up away from our target – so focus your attention here.

We have a trendline we can draw that gives us a bullish pathway higher above 2,375 or else a bearish breakdown path beneath the 2,365 level (highlighted).

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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Top Ten Put and Call Option Volume and Activity March 6

Mar 6, 2017: 10:13 PM CST

File this under “interesting reference post” – as these are the top ten stocks and ETFs that traded the most Put and Call Option volume (and activity) today.

Is your favorite name on this list? Is there anything surprising to you?

While it’s logical to see the SPY, QQQ, and even the IWM on the list, look beneath the big ETFs to find leading stock activity.

For example, Apple (AAPL) was the top stock (#2 total) at 387,842 option volume today while Bank of America (BAC) came in fourth overall at 284,583 options.

The most unexpected addition to the list today was the HYG High Yield Bond ETF which most traders may not be familiar.

Otherwise, AMD (see today’s update post on Advanced Micro) joined Facebook (FB) as the other top (option volume) stocks of the day.

You can use simple lists like this to spur trade ideas and get a sense of what other fellow traders are trading. Continue Reading…

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A Quick Collapse toward Support Target in Advance Micro AMD

Mar 6, 2017: 3:08 PM CST

Advanced Micro Devices (AMD) more than doubled since last November.

However, March has not been a kind month so far for this uptrending stock.

Like the market itself, AMD pulled back to a key support level from negative divergences.

Let’s plot this development and plan what’s next for traders:

We saw a breakout on high volume and momentum in late November 2016, setting up the stage for a rally.

Buyers didn’t disappoint, as shares traveled from the $6.50 level to the current high into $15.50 per share.

However, despite stellar and ideal pullbacks (see our “Perfect Pullback” series), the gas ran out on AMD as sellers struck, collapsing the price back toward the $12.00 overlapping target level.

How did we get this target?  It’s the overlap of the prior price high (and swing low from February) with the rising 50 day EMA and lower Bollinger Band.

This was a target for aggressive traders to play TOWARD (on a departure from the upper Bollinger Band).

NOW, we have a situation where we’ll trade the departure AWAY FROM this target. Continue Reading…

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Bam Goes the Emini Fibonacci Reversal at Target March 6

Mar 6, 2017: 12:51 PM CST

Did you think it was impossible for the market to pull back to the first Fibonacci Target?

I admit, it’s a little surprising, but it happened just as anticipated.

We’ve been eyeing the 2,368 level on the open blog and of course membership site and today it happened.

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

Here we are! Achieving the 2,368 “First Fibonacci” target (23.6%).

Here’s the strategy planning quote from our prior Member Strategy Plan (join us!):

Note that the target is the 30-min rising 50 EMA (support target) and just above the price and Fibonacci Pivot into 2,368.

With that, look to trade aggressively bearishly TOWARD 2,368 IF under 2,380 here.

That’s exactly what happened as we continued to trade the departure down away from 2,400.

Today gave us an early (potential) reversal up away from our target – so focus your attention here.

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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Planning Gold as it Declines from Swing High March 3

Mar 3, 2017: 12:29 PM CST

Gold rallied strongly from the $1,120 low to the recent price target near $1,260.

What’s the game plan now that we’re seeing a logical pullback within key levels?

We had a reversal buy signal – positive divergences + reversal candles at support – in December.

From there, price rallied as expected toward the prior price low and pivot target near $1,250 as highlighted.

At this point, we’re in a NEUTRAL zone via moving average compression.

Basically we’re seeing Gold come down from the upper Bollinger Band and the successfully achieved 200 day SMA just above $1,270.

Focus your attention – and develop your next trade – on the DEPARTURE away from the rising 50 day EMA and lower Bollinger Band near the $1,220 target level. Continue Reading…

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