I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
The “Three Push” Pattern is one of my absolute favorite price patterns to play. Lululemon (LULU) – fresh off a bearish earnings surprise – gives us the most recent example of this larger pattern and teh powerful reversals that can “surprise” traders not aware of the bearish reversal pattern. Let’s see it and study it:…
Oh my gosh it’s time to rush out and buy all the stocks because the Jobs Report was weaker than expected and the Unemployment Rate ticked up! Sarcasm aside, that’s exactly what happened as economic weakness decreases the odds that the Fed will raise rates, which is bullish. If it doesn’t make sense to you,…
Tesla (TSLA) shares are precisely following our analysis that a sell-swing is coming, via the beginning of a Rounded Arc pattern. What was the original analysis? See the prior post entitled: “Beginning a Bearish Arc Lower for Tesla TSLA” and compare that with today’s collapse. It’s exactly what should have happened: On the Daily Chart…
We’re still within the trading range and price is still reacting to our short-term @ES 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. Here’s a direct quote from last night’s short-term strategy planning…
We’re still within the trading range and price is still reacting to our short-term @ES 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 had price pivot DOWN away from the 2,180 @ES…
We’re still within the trading range and price is still reacting to our short-term @ES 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. Yesterday we rallied up toward the highs, powerfully pivoting from…
The Financial and Bank stocks are loving the prospect of higher rates from the Federal Reserve. How do we know? We’re seeing a high volume price breakout to a new swing high in leading ETFs. Let’s start with the broader Financial ETF Sector SPDR – symbol XLF: From February, bank/financial share prices in the ETF…
Is Tesla (TSLA) about to fall off the cliff and plunge lower, completing another “Arc” Pattern? It sure looks that way today. Let’s chart the pattern and plan the price pathways if this pattern succeeds or fails (with a trap). Let’s start with the March to May period of 2016. Price rallied higher from $150…
Back toward the highs we go! It’s almost as if Chair Yellen said nothing that surprised the market (hint – she did). 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. The suggestion that the Fed…
Well THAT got interesting fast! Chair Yellen strongly hinted that conditions allow for a near-term future rate hike, and that sent the market lurching up and down. However, our Fibonacci Levels held! So far. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to…