Last year, John Carter made over one million dollars trading Tesla (TSLA) in a single day and he definitely promoted his success with this event (as would I!). John’s sharing the steps he took and what made this stock such a lucrative trading vehicle and candidate, and how options allowed him to score this elusive…
Apple (AAPL) shares face a key support pivot level from which we can plan our trades off this level. Will support hold once again? If so, play the bounce higher in the range. Or will “this time be different” as sellers overtake buyers and crash price under support? Here’s the level and our target planning…
Divergences yesterday gave way to a short-term reversal and sell-swing breakdown today. What levels are important now after the breakdown under 2,100? Let’s see! Be sure to reference Wednesday morning’s “Trading the Expected Rally (Reversal) off Support.” Follow-that up with this morning’s “More Divergences and Level Planning” update. With those firmly in mind, price broke…
Intraday divergences have been very helpful lately for calling intraday reversals in the stock market. Today’s session is no exception as a negative divergence yesterday suggested a bearish reversal today, which is how the market opened this morning. Let’s learn from these divergences and plot a “Price Level Planning Grid” over the current landscape. We’ll…
Yesterday’s session was a huge – expected – bullish surge (reversal) off support. Today’s session continued the bullish dominance early in the day, yet price balanced into a range mid-day. What levels are important now? Let’s see! Be sure to reference yesterday morning’s “Trading the Expected Rally (Reversal) off Support.” In that reference post, we…
It’s neat – and efficient – when the market does exactly what it should do! Probabilities strongly favored a snap-rally (intraday reversal) springing off the current support-with-divergences price levels in the stock market and that’s precisely what we’re seeing this morning. Let’s see the bounce, how it happened, and where we’re aiming now: To set…
Yoga active wear company Lululemon (LULU) reported better than expected quarterly revenue this morning, and buyers bounced the stock higher in a breakout event. Let’s chart the breakout, update our charts, pinpoint key target levels, and plan a strategy from here. We’ll start with the Daily Chart breakout as a reference: Shares performed an upward-facing…
After reaching cruising altitude, airline stocks have begun their descent to lower levels. Let’s update our earlier post and chart the new breakdowns on selected airline stocks in new downtrends. We’ll start again with Southwest Airlines: Be sure to study my prior post from May 25th: “High Flying Airline Stocks form Textbook Rounded Reversal.” We…
At the end of the day, it’s helpful to look back on the strongest and weakest stocks in the Dow. Were there pockets of strength? Overall weakness? Was there a stand-out company that may be an opportunity tomorrow? Let’s answer these questions and more with today’s colorful scan! The scan is customized from Trade-Ideas, a…
Tesla (TSLA) stock broke key resistance today, surging into open air for a possible breakout play. However, shares first must break the key price resistance as noted in today’s post. Let’s chart the breakout and see the current target – and breakout – levels for trading Tesla. Here’s the Weekly Chart for perspective: After spending…