We’re nearing our 61.8% Fibonacci Target rapidly on our Emini grid. Brexit? What Brexit? Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these morning updates. Take a moment to view the “Expanded Fibonacci Grid” to see exactly where…
What goes down must eventually come back up in the market. Yesterday we saw additional selling take us down toward our 2,000 reference pivot – on positive divergences. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Today we’re seeing a bullish bounce-rally “up away from” our 2,000…
The Daily Chart traded all the way down to our 38.2% Fibonacci Target and bounced higher this morning. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these morning updates. Take a moment to view yesterday’s public “Expanded Fibonacci…
When we’re talking about “Risk-On” or “Risk-Off” Money Flow in the market, there’s many ways to do that. One simple way is to compare Treasuries and Stocks. However, if you want to look within the stock market, you can also compare the Utilities group (XLU) with a bullish or Risk-On group like Financials (XLF). Let’s…
Delta Airlines (DAL) shares reversed their uptrend into a downtrend on the weekly frame as price continues to decline rapidly. Let’s highlight the reversal and pinpoint the key target price in play right now: Shares rallied strongly from 2015 to the December 2015 price peak into $52.00 per share. Carefully view the “triple top” pattern…
The Brexit Fall-out continues in equity markets including our own S&P 500. Let’s expand our Fibonacci Grid to account for this collapse and highlight two lesser-known target areas. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these morning…
Well that was surprising. I’ll leave the explanations for you to read elsewhere as we focus on our standard mid-day market update. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: The U.K. exited the E.U. and so did a lot of money from people’s investment accounts. So…
If you’re like me, you’re surprised by the U.K. “Brexit” vote. Don’t worry – you’re not alone. All markets were very surprised by it as well. To underscore this point and frame the reaction, let’s quickly view the “Quad-Market” Charts: We cover five markets in our Weekly Intermarket Reports for members. I’m highlighting our “Quad…
I think we can safely say most of us didn’t see THAT happening. By a narrow margin and defying expectations (even those of the stock market which rallied strongly yesterday), the citizens of the United Kingdom voted to leave the European Union. While this post doesn’t address the politics or economics of the situation, it…
Each morning I post a quick Fibonacci Target Grid for your reference. We use this chart to plan our trades as price moves “toward” or “away from” our planning levels. Here’s a reference guide on how you can use these levels and incorporate them into your trading. In addition to Fibonacci Levels, we’re incorporating other…