Netflix (NFLX) shares are likely about to break free of a compression range, giving us an opportunity to trade the breakout. What levels are important and what are the extended target on the future breakout? Let’s take a look: In the Daily Chart above we’re seeing the price compress (range) between a few pivots: On…
As we gap up away from our key support pivot, what levels are in play and what should we be watching? Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Monday’s price action was identical (mostly) to Friday’s as I wrote in our daily update for you. As we wake…
What message is Breadth sending us about the next likely swing for the stock market? Let’s take a look and compare the current message with a similar situation from late last year. In the chart above we’re seeing the NYSE Advance Decline (Advancing Issues minus Declining Issues) in the middle along with the Volume Difference…
While the US Stock Market is slightly higher, we’re seeing big intraday breakout moves occur in Gold, Oil, and the US Dollar Index. Let’s plot these price swings and note the cross-market money flow right now: The clearest movement is between the Range Breakout in Gold and the Range Breakdown in the Dollar. The $1,245…
Does this look familiar? It should – today’s gap up into resistance and the sell-off (so far) is identical to what we saw Friday. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Check out Friday morning’s update and compare what happened then to what’s happening right now. I also…
The volatility and gaps continue for us short-term traders in the market. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Be sure to start with this morning’s “Emini Breakout and Breakdown Update” for more information. We’re seeing more Trend Days and intraday gaps than usual, which keeps…
We’re seeing higher volatility, sequential Trend Days, and larger than normal gaps recently. This is a heightened volatility and thus heightened risk environment so monitor positions closely. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: To get a sense of the real-time progress and set-ups as it developed, see…
Yesterday’s bullish action was erased and exceeded with today’s bearish activity. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Be sure to start with this morning’s “Emini Breakout and Breakdown Update” for more information. Yesterday’s “last gasp” rally ended above 2,065 ahead of this morning’s gap down…
That didn’t take long. We’ve highlighted the Fibonacci Grid and sideways trading range levels for the @ES (eMini) and now we see a firm breakdown from the range, triggering a new wave of selling pressure. Let’s update our intraday trade planning levels on this morning’s impulsive bearish breakdown: To get a sense of the real-time…
Our Fibonacci Grid was effective in planning yesterday’s trades within the range. Just now, price broke above the range, drawing our attention to the bullish surge. Let’s chart the market: In yesterday morning’s Market Briefing with TradeStation, I highlighted the pre-market gap-down into the 50% Fibonacci pivot at 2,040 and the upper ‘bounce’ target resistance…