Crash Goes the Market to Lower Targets Jan 30

Jan 30, 2017: 1:06 PM CST

From the negative divergences in an overextended market, a pullback was precisely the expected future.

However, this pullback was faster and more furious than expected, collapsing the market straight into a key target.

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

Be sure to revisit last week’s updates regarding Market Internal Divergences and an expected pullback.

The logical daily chart target for the S&P 500 was the rising 20 day EMA near 2,270.

The @ES continues to have the following Fibonacci Grid active, placing 2,263 as the 50% retracement.

Price achieved BOTH these key targets today after collapsing from all-time highs during a weekend of political agitation and renewed concern – rather than optimism – about the future (however temporary that might last).

Nevertheless, here we are with a “make or break” support pivot in play.  Plan and trade the departure from 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…

Comments Off

Four Market Money Flow during the Stock Market Surge Jan 27

Jan 27, 2017: 1:52 PM CST

We know that US Stocks surged to new all-time highs this week as the Dow Jones broke above 20,000.

However, did you know what happened to Gold, Oil, and the US Dollar Index?

Let’s scratch beneath the headlines of the stock market to see fund money flow in our quad-market grid:

First, stocks traded sideways through January until this week’s bounce and breakout higher.

At the same time the stock market was sideways in January…

  • Gold was surging toward $1,200,
  • Oil was trading in a range but falling toward $52.00,
  • and the US Dollar Index continued to trade persistently lower.

AFTER stocks broke out to new highs, the following occurred in these markets:

  • Gold (a current “Risk-Off” market) fell lower down away from the $1,200 level,
  • Oil (an economically-sensitive commodity) crept higher along with stocks,
  • and the US Dollar Index continued trading lower, in fact reaching a new swing low toward 100.

Whether or not you trade these markets, it’s helpful to get a sense of what’s going on behind the scenes.

That’s what we do in our Intermarket Strategy and Planning report for you each weekend. Continue Reading…

Comments Off

Pullback in Progress Market Update Jan 27

Jan 27, 2017: 12:47 PM CST

Down from the highs we go!  At least temporarily.

Yesterday we looked at our negative divergence in Market Internals which suggested a likely pullback (lower) in price… and here it continues today.

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

I’m plotting Breadth (Advancing minus Declining Issues) with price to highlight the negative divergence.

While Breadth was indeed strong on the breakout, we’re seeing fewer stocks advance along with the market.

That’s a negative divergence with price and indeed we’re seeing a pullback take place at the moment.

If this pullback takes us even lower, we have an updated short-term Fibonacci Grid to ponder.

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…

4 Comments

Stepping Inside the Breakout with Internals Update Jan 26

Jan 26, 2017: 12:12 PM CST

How high will this breakout travel?  Let’s take a moment to look beneath price to our market internals.

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

Finally, we have an exciting and profitable bullish breakout OUT OF our sideways (highlighted) trading range.

Unfortunately, we don’t have clear Fibonacci or other key price levels to use as overhead resistance (or support).

We’re seeing Breadth (Advancing minus Declining Issues) with price.

While Breadth was indeed strong on the breakout, we’re seeing fewer stocks advance along with the market.

That’s a negative divergence with price and indeed we’re seeing a pullback take place at the moment.

Take a moment to review our recent post on “Creeper Trend Days” and add that knowledge to today’s 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…

2 Comments

The Breakout is Finally Happening Jan 25 Update

Jan 25, 2017: 11:19 AM CST

The market just became exciting again!

After a month in a well-defined sideways trading range, buyers finally won the battle against sellers, resulting in an initial breakout and now a powerful short-squeeze (breakout) in motion.

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

Fortunately, we have an exciting and profitable bullish breakout OUT OF our sideways trading range.

Unfortunately, we don’t have clear Fibonacci or other key price levels to use as overhead resistance (or support).

In a breakout market, a “feedback loop” occurs when bulls buy (to enter) and bears buy (to exit).

Take a moment to review yesterday’s post on “Creeper Trend Days” and add that knowledge to today’s 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…

1 Comment
 Page 6 of 805  « First  ... « 4  5  6  7  8 » ...  Last »