I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
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…
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…
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…