Author: cjrosen

As we begin June 2016, the S&P 500 has formed three clear Rectangles on the daily chart. What does this mean and how are we planning our next series of trades right now? As we focus specifically on price, we see THREE Rectangles or consolidation patterns highlighted above. The first rectangle is the longest and…

We were focusing closely on the 2,100 level in the S&P 500. With divergences this morning, we’re seeing the logical and expected pullback. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Take a moment to view this morning’s @ES (eMini) update for additional levels and planning. From…

Last week’s bullish pre-holiday action is now giving way to a logical pullback against resistance. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: The @ES (Emini S&P 500 futures) rallied all the way to the 2,100 upside target last week. We’re now seeing a logical pullback or retracement “down…

“Strong Stocks Tend to get Stronger” and Ulta Salon (ULTA) – a stock you may never have traded – is a perfect example of our investing concept. Stronger than expected earnings yesterday became a catalyst to boost share prices strongly higher on a large upside gap this morning. Here’s our weekly chart with the “Strong…

Gold prices declined eight sessions in a row in a collapse from the $1,300 level toward the $1,200 target. Let’s update our Gold charts to highlight these reversals and note the current target and plan: Late 2015 gave us a lengthy “Rounded Reversal” or “Arc Trendline” Pattern just under the $1,100 level. A reversal and…

Our two days of strong bullish action and yesterday’s consolidation took us straight into our last major Intraday Fibonacci Target. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Friday’s holiday session continues to levitate the market higher above our “Final Fib” at 2,087. At this point we’re challenging the…

After two strong bullish breakout (trend) days, we’re seeing a logical consolidation at the highs. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: The S&P 500 Index developed a support shelf into 2,090 and a resistance ceiling near 2,095. We’ve been in a five-point range for almost…

Our two days of strong bullish (including a short-squeeze) action took us straight into our last major Intraday Fibonacci Target. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Two upside gap openings thrust the @ES through all major Fibonacci Retracement levels with only a minimal pause at our 2,074…

Is Alibaba (BABA) setting up another Distribution Arc or Sell-Swing Breakdown Pattern? Let’s view the prior example and plan our strategy for the current similar pattern. At the end of 2015, Alibaba (BABA) shares formed a distribution triangle (with negative volume and momentum divergences) into the $86.00 per share level. A gap-down OUT of the…