I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
What’s going to happen next with big trending stock Apple (AAPL)?! Let’s plot the Daily Chart and highlight the two trade plans for what happens next at the highs. Apple (AAPL) surged from July to October, boosting price from $90.00 toward $120.00. Price fell from a divergence at resistance near $118.00 per share which is…
Is that an actual breakdown on a holiday week? Price shattered our First Fibonacci line of defense, opening up a new phase in our holiday week trading. Here’s today’s updated Emini (@ES) trading levels for your trades: From mid-December to present, price remained in a 20 point trading range between 2,250 and 2,270. This morning,…
As we rush into 2017, let’s pause a moment to assess the health of this strong price rally at the end of 2016. We know that price and the trend is strong, but what about the “guts” or internals of the market? Here they are in full bullish glory: Let’s first take a moment to…
We’ve had NVIDIA (NVDA) on our trading radar for quite some time because it has consistently been a “strong stock getting stronger.” Our core trading philosophy at Afraid to Trade is that trends – once established – have greater odds of continuing than of reversing. We love trading – and teaching pullback strategies – on…
It wouldn’t be a holiday week without a bullish drift, would it? The S&P 500 traveled the well-worn path of another bullish bounce off our Fibonacci Grid toward new highs. Here’s today’s updated Emini (@ES) trading levels for your trades: Despite an expected “holiday drift,” we’re instead seeing price maintain a 20 point trading range…
It’s exciting – and lucrative – when price does exactly what it is supposed to do – again! We expected price to continue trading within its range and thus fall “down toward” our 2,251 Fibonacci target. That’s precisely what happened but what’s even better is that price reversed (bounced) higher exactly off our key target…
GoPro is an interesting stock at a critical pivot point that grabs our attention. Let’s take a look at GPRO, plot the key level, highlight the divergences, and plan for the next swing. We’ll start with the Daily Chart: Shares plunged at the beginning in October, losing half their value into December where we are…
It’s exciting – and lucrative – when price does exactly what it is supposed to do. Here’s today’s updated Emini (@ES) trading levels for your trades: Despite an expected “holiday drift,” we’re instead seeing price maintain a 20 point trading range (as I highlighted in yesterday’s update) and now pull back once again to our…
If you’re a Netflix NFLX investor, you’re pleased that share prices are making a bold run for new all-time highs. If you’re a trader, you’ve had good opportunities to trade pullbacks and breakouts in late 2016. Let’s update our plan for Netflix NFLX and see what the next swing may bring into 2017: First, take…
We’re at a new bullish normal with the @ES as price settles into a short-term range at the highs. Here’s today’s updated Emini (@ES) trading levels for your trades: We’ve had success playing reversals or bounces up away from our 23.6% Fibonacci Level near 2,250. However successful they were at the lows, buyers haven’t been…