I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Monday morning may be the beginning of a “bull trap” should price remain under the breakout high. Will it? Here’s today’s updated Emini (@ES) trading levels for your trades: Our bullish V-Spike Reversal off 2,228 set the stage for a continuation of the uptrend and bull market. After two pullbacks (retracements), price surged to new…
Not to be outdone by this pesky sideways trading range, the stock market broke out to new all-time highs today. Here’s today’s updated Emini (@ES) trading levels for your trades: Our bullish V-Spike Reversal off 2,228 set the stage for a continuation of the uptrend and bull market. After two pullbacks (retracements), price surged to…
What signal is money flow across sectors sending, and what’s strange about it? Let’s take a look at our nine Sector money flow model and hear the message from the market: Here’s what we’re seeing in the nine line charts above: It’s each of the nine AMEX Sector SPDRs (XLF Financials, XLU Utilities, etc) in…
The market has a bullish beginning to 2017 but right now, we’re seeing a return to an old trading range. Here’s today’s updated Emini (@ES) trading levels for your trades: We had an end-of-year bullish reversal on positive divergences off our 2,227 level as price blasted higher to 2,270. Yesterday gave us a clean T3…
Bullish or Bearish Engulfing Candles are rare in general, but it’s even more exceptional to see a single session “engulf” or completely overtake the total price action of the prior TEN trading session. That’s what happened yesterday in Crude Oil and we’re seeing a big push higher off the prior support low. What’s an Engulfing…
Stocks surged again, continuing the 2017 rally. We saw another bounce off our Fibonacci Grid into the “Open Air” pocket beneath the all-time high. Here’s today’s updated Emini (@ES) trading levels for your trades: We had an end-of-year bullish reversal on positive divergences off our 2,227 level as price blasted higher to 2,260. A huge…
Happy New Year! Here’s to a profitable start to your 2017. Here’s today’s updated Emini (@ES) trading levels for your trades: We had an end-of-year bullish reversal on positive divergences off our 2,227 level as price blasted higher to 2,260. A failure at the midpoint sent price lower, collapsing through the 2,251 level back to…
As we planned from yesterday’s update, price did bounce (gap) up away from our 2,238 target back into 2,251. That’s the good news – things went exactly as expected. The bad news? It happened via an overnight gap and the market collapsed back to our 38.2% target. This isn’t the first time this exact thing…
Are you an aggressive trader who loves to call bottom reversals? Want to try your hand at a fade trade? Today, Sears Holdings (SHLD) – a stock in a massive downtrend – is attempting a bounce off the lows. Let’s see it and note what levels to watch for a trade or for an educational…
Today’s session reminds us exactly why you should bookmark our page and read our morning Fibonacci target updates if you’re a short-term trader. Why? We’ve had the same Fibonacci Grid since December 15th and price reached our initial target three times since then and today broke under that key level and traded straight down to…