I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
If you’re a new trader interested in Reversal Strategies, SHLD has a powerful lesson example for you. Let’s study the setup and plot the trade as price continues its expected, tradable reversal off the lows. Sears Holding (SHLD) developed support a the $11.00 per share level. The FIRST thing you should do in planning a…
Be sure to bookmark us and follow along each morning with our early Emini updates! It’s amazing how well price remains within our specific price levels and triangle trendlines – as we’ll see below. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to…
Gold collapsed this morning as price broke out of a triangle price pattern. Today’s breakdown also sets in motion an official bearish (short-term) trend reversal lower. How so? Let’s plot the breakout first on Gold ETF GLD and then the hyper 3x leveraged bullish gold miners (stocks) NUGT. Gold – seen above with the ETF…
Be sure to bookmark us and follow along each morning with our early Emini updates! It’s amazing how well price remains within our specific price levels and triangle trendlines – as we can see below. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how…
If you’ve been bored of Netflix’s recently stagnant stock, you’ll want to perk up and pay attention today. After compressing into a short-term triangle or range through 2016, we’re finally seeing a potential breakout. Risks remain – just look at April – but for now, we’re actively monitoring the breakout beyond $100. A wide-range ($80.00…
We’re still seeing price consolidate both within a short-term Triangle and our Fibonacci Grid. Yes, still seeing it. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these morning updates. Check the updates from last week as we continue…
We believe that “Strong Stocks Get Stronger,” and NVIDIA (NVDA) is proving this concept true today. What’s the lesson and where might this stock be heading now? Let’s see: We’re seeing the Weekly Chart above where price gently drifted higher from 2014 into 2015. However, a strong bullish rally on high volume and high momentum…
We’re still seeing price consolidate both within a short-term Triangle and our Fibonacci Grid. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these morning updates. We’re seeing price compress within the falling red upper trendline (2,165) and lower…
What’s about to happen with Consumer Staples?! We’re seeing a compression or triangle form between key moving averages ahead of a decisive breakout. The “EMA Squeeze” is one of my favorite patterns and we don’t see it often. While we can see a normal short-term TRIANGLE in price, the key factor is that the triangle…
As we get ready to begin October, the S&P 500 (@ES) is “triangulating” within our Fibonacci Grid. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these morning updates. Although Crude Oil is getting a big bullish boost, stocks…