Do my eyes deceive me or is that an actual authentic pullback in the @ES? Our thesis for today was to trade the departure away from 2,400’s critical pivot and so far that’s worked well. Here’s today’s updated Emini (@ES) trading levels for your trades: With today’s pullback down away from 2,400 @ES, we do…
Apple (AAPL) shares raged higher today with an acceleration gap through the $140 per share level. After the break beyond the $127.50 target, buyers rapidly accelerated their activities, as we’ll see shortly. Generally speaking, price never goes straight up or straight down. Instead, we see retracements or swings build (construct) a trend in motion (higher…
Financials! We’re seeing financial stocks – seen fastest by the XLF Sector EFT – surge today on a breakout. Let’s plot the ETF breakout and then compare that quickly with the more aggressive leveraged FAS and FAZ. As we saw in this morning’s update post, the market surged to new highs again on another big…
The market is surging this morning, extending the bull market with a short-squeezed bullish breakout. Here’s today’s updated Emini (@ES) trading levels for your trades: As usual, there are no Fibonacci Pullback Levels to consider when price is surging to new highs. A Fibonacci Grid requires a swing high – which isn’t yet in place…
Start planning today! It’ll honestly be here before you know it and you don’t want to miss out on a profitable start to 2017. I’m excited to return as a speaker at the 2017 New York International Traders Expo and want you to join me and many of your fellow traders at this one-per-year unique…
File this under “very interesting” – defensive markets Gold and Treasuries just reversed higher. If this continues, we could see a bearish development for the US Stock Market (money flow). Let’s take a look and see if the breakout holds: For some perspective, see our featured post “How Other Markets Behaved while Stocks Surged.” In…
And the plot thickens! Stocks pulled back for a second time this morning, gapping lower but then recovering the gap within the first hour. Not only was this similar to yesterday’s session but it’s somewhat similar again to February 16th’s pullback. Here’s today’s updated Emini (@ES) trading levels for your trades: Here’s our key planning…
“Stocks which are weak and downtrending tend to get weaker and go lower.” That’s precisely what’s happening right now with the gap-down collapse in L Brands (LB). Here’s the weekly chart, a key trading lesson (on reversals and downtrends), and what’s going on now. L Brands (LB) was a “strong uptrend stock getting stronger” through…
Pullback! We’re repeating a similar pullback game plan like we saw on February 16th. Here’s today’s updated Emini (@ES) trading levels for your trades: Here’s our key planning quote from last night’s strategy plan for members: “We’re getting ready for a HIGH PROBABILITY PULLBACK. Notice I said “high probability” rather than guaranteed. We will craft…
It’s easy to be distracted by shiny objects, like the non-stop stock market rally since November. During this stellar bullish phase, have you taken a look what’s happened behind the scenes? Let’s focus our attention on other key related (correlated) markets and how they’ve behaved recently. The top of the five-market grid (which we cover…