The uptrend continues! And continues… and continues. Today we’re seeing another breakout to new highs from these series of sideways ranges we’ve seen lately. Here’s today’s updated Emini (@ES) trading levels for your trades: Here’s a quote to reference from Tuesday’s member report: We’re still cautious/neutral (see intraday chart) at the highs until we do…
“Strong Stocks Keep Getting Stronger while Weak Stocks Keep Getting Weaker.” Gilead Sciences reminds us of this core trading principle today after breaking powerfully under a key support level with positive divergences, overruling any reversal signal to keep the persistent downtrend in motion. This stock is nearing a point where it has lost half of…
We’re seeing a series of small ranges develop in the @ES Emini. Today gave us an expected swing down to a key Fibonacci Level and a reversal up away from it. Here’s today’s updated Emini (@ES) trading levels for your trades: Here’s a quote to reference from Tuesday’s member report: For now we see a…
Disney (DIS) reports earnings after the closing bell today. Let’s study the set-up – a pullback or breakdown – that would likely trigger as we step into Wednesday. Here’s the current uptrend and two prior pullbacks for Disney shares: First, Disney (DIS) shares formed a reversal off a positive divergence and kick-off in November. From…
Last week’s breakout sent the market back toward the prior high. However, today we’re seeing another pullback from the high to a key pivot Level. Here’s today’s updated Emini (@ES) trading levels for your trades: Here’s a quote to reference from Monday’s member report: For Tuesday we’re bullish above 2,285 and 2,290 into the “Open…
Each week for members, I publish the results of a “Strong Stock Getting Stronger” stock scan. NVIDIA (NVDA) consistently ranked in the top of that list for many, many weeks. Let’s take a look at the progress of this “strong stock” and the recent rally back to the high, focusing on two strong recent retracement…
If you like trading Bull and Bear Flags as I do, you’ll probably want to look at Baidu (BIDU) right now. First, we have a textbook bear flag pattern to study and today we have a potential bull flag trade in motion. We have a special page for Bull and Bear Flags in our Educational…
Last week’s breakout sent the market back toward the prior high. However, this morning we’re seeing a pullback from the high to a key Fibonacci Level. What’s the plan? Here’s today’s updated Emini (@ES) trading levels for your trades: In the membership and on the blog, I highlighted the greater odds for another bounce up…
Jobs Jobs Jobs! A positive reaction to this morning’s monthly Jobs Report sent the market surging back to the prior high. Here’s today’s updated Emini (@ES) trading levels for your trades: In the membership and on the blog, I highlighted the greater odds for another bounce up off the rising 20 day EMA on a…
The range is back! And we didn’t miss it at all. We’re seeing price bounce between our short-term Fibonacci Levels as noted. Here’s today’s updated Emini (@ES) trading levels for your trades: Be sure to revisit last week’s updates regarding Market Internal Divergences and an expected pullback. The logical daily chart target for the S&P…