CME Group (CME) offered traders a breakout buy opportunity as the strong uptrend continued. Shares now enter a “Green Zone” or “Open Air Pocket” which we can see on the Daily Chart. Let’s see the levels, opportunity, and targets available to traders now: The Daily Chart above highlights the $92.00 per share level as the…
I’m not quite sure what I got myself into but I eagerly accepted a challenge to trade live with Rob Hoffman at the Money Show Las Vegas. Rob and I are friends and colleagues and this will be a friendly competition where we’ll pull back the curtain to discuss our short-term and intraday trading strategies…
The trading range continued which meant that today’s session was another expected bullish surge up away from support (which began Wednesday afternoon) toward the prior high target of 2,120. Believe it or not, the market is doing exactly what it should be doing, at least according to classic analysis. Here’s where we were, where we…
This morning’s Jobs Report was the catalyst that continued the rally off support as price challenged the underside of new all-time highs. Let’s take a “Triple Index” Perspective of the trend, consolidation, and key levels to highlight right now. We’ll start with the S&P 500: In January, price bounced back and forth between the 2,000…
Wal-Mart is a component in the Dow Jones Index that is facing a critical support-test of a key level. In simplest terms, traders can enter at key pivot levels as it offers a low-risk opportunity to play a movement away from a key level. In this case, WMT faces a support-shelf test where a breakdown…
Surprisingly, the market is behaving normally at least in terms of efficient movement between – toward and away from – key daily chart levels. We expected a bounce/rally up off the 2,065 target which began into yesterday’s close – the rally continued today. Here’s our Extended T3 Trend Day down for reference: Here’s a snippet…
After an overnight bounce off daily support, sellers again dominated the market today, resulting in yet another impulsive Trend Day lower with support breaking. Here’s our Extended T3 Trend Day down for reference: Here’s a snippet from Tuesday evening’s Member Strategy Report that forecast today’s rally: Let’s state the facts – we’re back at new…
If you’re a brand new aspiring trader, or even an intermediate trader looking to refresh your knowledge of the basics with a new guide, then quickly grab a copy of John Carter’s new eBook ambitiously titled “How to Make Money in the Stock Market.” Visit the Simpler Stocks intro webpage (I copied the image below)…
With price doing exactly what it should be doing given the weakness and numerous divergences into resistance, we’re simply trading bearishly as the market falls sharply from its upper target toward lower support levels. Take a moment to read the “S&P 500 Level Planning on the Bull Trap Breakout” update and let’s examine where we…
Crude Oil broke through a critical resistance cluster today triggering a breakout into “Open Air.” Let’s highlight this trend change and pinpoint key price levels to watch into the future. As highlighted to Weekly Strategy Planning Members, the critical focal-point for the week ahead was $60.00. After a slight stall into this resistance level Monday,…