LABU 3x Biotechs Surges with Bullish Reversal Breakout

Nov 9, 2016: 4:26 PM CST

Triple-Leveraged ETFs offer chances for instant profit – or loss – depending on the outcome.

Today, the Biotech 3x Bullish fund LABU gives us a quick lesson in rapid bullishness.

Here’s the chart and key levels to watch for the moment:

From a chart perspective, LABU’s shares found support at the $22.00 to $24.00 level.

Keep in mind it’s best to do your analysis/planning on the underlying instead of the leveraged ETF.

Nonetheless, give yourself room – and wider stops – due to the increased volatility when pinpointing a support or reversal level.

Like May, a positive momentum divergence set the stage for a third rally (reversal) up away from the key pivot and that’s precisely what happened.

The prior two sessions of price action saw increased bullish pressure, propelling the 3x ETF from $24.00 to the $32.00 level (a great, instant profit for aggressive traders). Continue Reading…

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With a Surprise Trump Triumph the Emini Surge Continues Nov 9

Nov 9, 2016: 12:02 PM CST

Markets like certainty – even if that certainty comes at a big surprise to most pollsters and analysts.

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

Futures tumbled 700 points in the @Dow Mini as it became clear Donald Trump would likely win the US Presidential Election in a surprise victory.

The Emini gapped down beneath our Fibonacci Grid but power-rallied higher in a stunning surge to continue the bullish swing through resistance.

With this type of volatility, only the most aggressive traders do well in rapidly moving environments like this.

Stay safe until a bit of the dust settles and we see price trade within our levels and within the larger bullish Daily Chart picture (which is what we’re seeing).

Want these levels and additional strategy planning in advance each evening?

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

Continue Reading…

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The Emini Election Day Surge Simply Continues

Nov 8, 2016: 1:12 PM CST

It’s Election Day in the USA and the stock market rally continues in full force!

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

First, take a look at Thursday’s update for the larger Fibonacci Grid and our 2,080 target. Perfect planning.

Next, read these quotes from our premium membership planning report:

“We’re actually going to make an aggressive BULLISH BOUNCE forecast going into Friday’s session, mainly because we’re seeing price achieve our Fibonacci Target (I posted yesterday and to blog readers this morning) into 2,080. That’s also the rising 200 day SMA (see Daily Chart) and we’re seeing POSITIVE DIVERGENCES (see right side of chart) into this support pivot.”

It began Friday, retraced to the lows, and now Monday morning we are seeing our strong bullish surge.

Members have the inside track to these turning points ahead of the blog – so join us!

We’re back to the range highs from late October just under the 2,150 @ES Level.

Note the new yellow highlights and continue to monitor the market and election results as they develop.

Want these levels and additional strategy planning in advance each evening?

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

Continue Reading…

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Four Rapid Money Flow Reversals before the Big Election

Nov 7, 2016: 3:34 PM CST

Before Americans go to the polls and select the next president, we’re seeing sudden reversals in money flow and short-term trends in our “Big Four” Markets.

Here they are, in tremendous detail:

As I do with members of our Weekly Intermarket Strategy Planning, we chart money flow across these four main markets along with Crude Oil (not shown in the grid above).

Money rapidly reversed – as we’ve been expecting - from bear to bull in both stocks and the US Dollar.

Money reversed OUT of US Treasuries and Gold.

Notice that ALL short-term reversals occurred on momentum divergences, giving us clues ahead of the rapid shift.

Continue following the money flow through the rest of today’s trading day and tomorrow’s election day. Continue Reading…

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SPX Sigma and Volatility Chart for November

Nov 7, 2016: 12:23 PM CST

Price cycles between alternating periods of high and low volatility, and if we can assess the current condition, we can have a glimpse into the likely future of the market’s volatility.

What’s the market saying right now as we begin November and finish our election?  Let’s see!

We’re seeing a one-year daily chart of the S&P 500 with Sigma Bands (expanded Bollinger Bands which are based on Standard Deviation) and the daily Average True Range (ATR).

Again, we can see the cycle between low (November/December 2015, April to June, 2016, August to September 2016) and then high volatility periods.

Not only does it make sense – given the election – but the market is breaking currently into a higher volatility period as seen by the expanding Sigma Bands and rise in the daily ATR.

For quick reference, the Midpoint comes into play today at 2,128 which is the middle of the volatility range.

Compare the prior November into December period with what we’re seeing now and prepare for a future with slightly higher volatility!

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

Continue Reading…

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