I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Dow Jones component Nike (NKE) has not had a very good 2016. Price peaked above $66.00 per share at the end of 2015 and share prices currently trade at the $50.00 level. Let’s highlight the downtrend in motion and set up the next swing trade for this stock, one of the weakest in the Dow…
Up, up and away! To new highs we go! Here’s today’s updated Emini (@ES) trading levels for your trades: As was the case earlier in the week, our 23.6% Fibonacci Level intersects the 2,250 @ES level which is our pivot. Price rallied up off this level since the Fed Day when buyers defended the support…
As we begin the new week, let’s reflect on how markets have predictably moved AFTER last week’s expected Fed Interest Rate hike. Let’s view our quick Quad-Market Money Flow Grid: First, let’s state the obvious: markets widely expected the Fed to boost interest rates 0.25% which is what happened. Higher interest rates inherently are… BULLISH…
It’s amazing – and profitable – when price does exactly what it should, based on logic and probability. Here’s today’s updated Emini (@ES) trading levels for your trades: As was the case earlier in the week, our 23.6% Fibonacci Level intersects the 2,250 @ES level which is our key pivot. Price rallied up off this…
The Fed still can’t stop the Fibonacci! As I highlighted in Wednesdayday’s morning update, we had our “first Fib” level just above 2,250. We’re seeing our third test of this key level – will it hold again? Or do we start playing to our lower target? Here’s today’s updated Emini (@ES) trading levels for your…
They did it!! Buyers successfully more-than doubled the share price of tech-company NVIDIA (NVDA) since July. Let’s take a look at this impressive feat, study the progression, and plot the pullback trades along the way. Price achieved – then stalled – at the $50.00 per share level in July during an ongoing bullish campaign. July…
The Fed can’t stop the Fibonacci! As I highlighted in yesterday’s morning update, we had our “first Fib” level just above 2,250. After the Fed hiked rates, price plunged through this level but bounced strongly off of it this morning. Here’s today’s updated Emini (@ES) trading levels for your trades: As the ongoing uptrend continues…
Here we are! It’s Fed Day and the board is set to raise interest rates 0.25%, barring any major surprises. Might we actually get a pullback to a lower Fibonacci Level? Wishful thinking for the bears! But here’s our short-term updated Fibonacci Levels IF the market does actually pull-back further. Here’s today’s updated Emini (@ES)…
After the smallest of reasonable retracements, buyers are at it again, propelling the market to new all-time highs. Here’s today’s updated Emini (@ES) trading levels for your trades: Yesterday gave us a slight pause or retracement back toward the 2,250 target level but that was all buyers would allow. They stepped in aggressively this morning,…
Like Disney (DIS) last week, Exxon-Mobil (XOM) broke resistance, triggering a powerful bullish breakout. Take a moment to review my post last Friday about Disney’s (DIS) bullish breakout into a key target. After that, note the similar pattern and breakout through resistance in Exxon-Mobil (XOM) Monday. XOM shares created a Double Bottom – on positive…