It’s rare to see broad market impulses this strong and persistent but yet here we are, once again at the highs. Will today or Thursday trigger another small retracement? Let’s plan. Here’s today’s updated Emini (@ES) trading levels for your trades: I highlighted our recent pullbacks or retracements in green; these are buy opportunities in…
With another down open, will bulls buy the dip again like yesterday and close us higher? Or will the pullback strengthen, opening up a sell-swing to lower targets? Let’s find out our plan. Here’s today’s updated Emini (@ES) trading levels for your trades: It’s easy to get caught up in euphoria but markets can change…
Wait – what is this? Price can actually go DOWN? After the last five days, it’s understandable if you assumed we’d be seeing higher prices forever. Nevertheless, today gives us our second pullback in the big uptrend impulse that catapulted the market higher. Here’s today’s updated Emini (@ES) trading levels for your trades: It’s easy…
The uptrend continues! And continues… and continues. And still continues even after yesterday’s pullback. Here’s today’s updated Emini (@ES) trading levels for your trades: We don’t have much to update and we don’t have key levels on which to focus until we get a pullback larger than 10 points. For now, keep trading with the…
When we scan for stocks, we like to find “strong stocks getting stronger.” One way to do this is to identify stocks closing up the most days in a row. With the market itself up five days, here are six S&P 500 stocks up roughly NINE days in a row: We START a swing trading…
The uptrend continues! And continues… and continues. Until today’s pullback at least. Internals have diverged with the breakout and today gave us (at least) an initial pullback from the new high. Here’s today’s updated Emini (@ES) trading levels for your trades: Here’s a quote to reference from Monday’s member report: I’m really getting concerned about…
If you like “fade” trades or capturing sudden snap-back set-ups, you’ll want to view this on NVIDIA. Let’s start with the snap-back and focus on the evidence that build the strong case for the snap-back we’re seeing: We prefer trading WITH the trend instead of against it, but we also understand that’s not the best…
If you’ve never heard of the Elliott Wave Principle, or want a quick intro-level refresher, check out this video I wanted to bring to your attention from my colleague Jeffrey Kennedy. He’s just posted a 15-min educational overview to get you started on your journey. The Wave Principle provides context to market moves so you…
Let’s see if buyers can take advantage of a long term rising trendline for Coca-Cola (KO) shares. Is it a buy? Here’s a multi-year weekly chart of KO and the key level right now in play. It’s make or break for the soda king! I’m highlighting a Linear Regression Line with one Standard Deviation above…
Tesla (TSLA) shares continued their strong uptrend, breaking out to a new swing high this morning. However bullish this price chart appears – and it does appear bullish – take a moment to see a critical level coming up on the Weekly Chart. Let’s start with the Daily Structure: Tesla (TSLA) also has appeared repeatedly…