I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
It’s not often you see a stock go from beneath $5.00 to $40.00 in three days. However, that’s precisely what happened post-Election for Dry Ships (DRYS). How’d it happen and where is it going from here? Let’s learn a few lessons and get prepared: As chart-based traders, we’re often agnostic to the intricate specifics of…
Our divergences at the high continue to stall the market just ahead of a key breakout. Here’s today’s updated Emini (@ES) trading levels for your trades: Negative momentum and Breadth (Market Internal) divergences INTO this resistance give us pause. Ultimately price reversed down away from the 2,170 target (discussed with members last night). We’re seeing…
After Tuesday’s US Election, we’ve seen rapid movement in the intermarket landscape. Let’s focus on the sharp “Return to Trendline” movement for US Treasuries: As I’ve been highlighting to weekly members, Bond Prices remain in a rising parallel trend channel. With the negative divergences in the summer at the upper trendline, we’ve been expecting a…
A key pattern – with visual negative divergences – is forming at the retest highs. So far we’re playing today like yesterday. Here’s today’s updated Emini (@ES) trading levels for your trades: Negative momentum and Breadth (Market Internal) divergences INTO this resistance area gave us pause. Ultimately price reversed down away from the 2,170 target…
Additional bullish price action after the election sent us to our prior high target into 2,170. Here’s today’s updated Emini (@ES) trading levels for your trades: Negative momentum and Breadth (Market Internal) divergences INTO this resistance area gave us pause. Ultimately price reversed down away from the 2,170 target (discussed with members last night) and…
Triple-Leveraged ETFs offer chances for instant profit – or loss – depending on the outcome. Today, the Biotech 3x Bullish fund LABU gives us a quick lesson in rapid bullishness. Here’s the chart and key levels to watch for the moment: From a chart perspective, LABU’s shares found support at the $22.00 to $24.00 level….
Markets like certainty – even if that certainty comes at a big surprise to most pollsters and analysts. Here’s today’s updated Emini (@ES) trading levels for your trades: Futures tumbled 700 points in the @Dow Mini as it became clear Donald Trump would likely win the US Presidential Election in a surprise victory. The Emini…
It’s Election Day in the USA and the stock market rally continues in full force! Here’s today’s updated Emini (@ES) trading levels for your trades: First, take a look at Thursday’s update for the larger Fibonacci Grid and our 2,080 target. Perfect planning. Next, read these quotes from our premium membership planning report: “We’re actually…
Before Americans go to the polls and select the next president, we’re seeing sudden reversals in money flow and short-term trends in our “Big Four” Markets. Here they are, in tremendous detail: As I do with members of our Weekly Intermarket Strategy Planning, we chart money flow across these four main markets along with Crude…
Price cycles between alternating periods of high and low volatility, and if we can assess the current condition, we can have a glimpse into the likely future of the market’s volatility. What’s the market saying right now as we begin November and finish our election? Let’s see! We’re seeing a one-year daily chart of the…