I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Gold completed a Triangle and Price Projection Target toward the prior low which sets up a possible short-term support-bounce rally. Let’s pinpoint the pattern and plan for a possible bounce. I’ve gone into more detail and trade planning with our members, but wanted to highlight this possible pivot. A quick glance shows our Successful Symmetrical…
After harshly joking about it Tuesday, we actually did get our expected pullback to a key target in the market. 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. In the membership we’ve been highlighting the…
Parabolic Arc, textbook Elliott third wave, to-the-penny 50% Fibonacci. These are just some of the factors at work for Novatel Wireless (MIFI) on the recent surge from $1.00 to $4.00 – a stellar move. Let’s peel back the price and learn some lessons while we plan the next possible swing. I’m highlighting the earlier simple…
Beuller? Beuller? Beuller? Pullback? Pullback? Pullback? 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. In the membership we’ve been highlighting the “Repeat Range” pattern. The main idea is that the July low-volatility intraday range environment…
Is it time to buy Whole Foods stock (WFM) for a rapid bounce swing trade? Let’s see if that might indeed be the case: Just based on a quick glance at the Daily Chart, we’re seeing a potential repeat-bounce higher. The $30.00 per share level is an Aust support point and a June reversal point…
Bull? Bear? Top forming? What’s the message from the Sector Rotation Model at the moment? Here we go! Under the Sector Rotation Model, we compare and contrast money flow – via relative strength – between the Offensive Groups (green above) and the Defensive Groups (red). In general, if insiders and large funds are bullish or…
One day we’ll get a breakout from this repeating range in the S&P 500 – and that day may be today – but so far it clearly isn’t the case. 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…
I’m so excited about this opportunity! Join me live as I accept a live, real-money trading challenge with Rob Hoffman at the San Fransicso World Money Show! Our trading challenge will take place Wednesday, August 24 and during the competition, we’ll discuss trading strategies, how we take our trades, and of course the live management…
A short-term trading range for the @ES futures – similar to July – is repeating in August. 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. In the membership we’ve been highlighting the “Repeat Range” pattern…
Here’s a quick mid-day update of the point-perfect Fibonacci Retracement Level reversal for the @ES today. Note the 50% Retracement as today’s low and reversal point: Using the swing high and low, the simple Fibonacci Grid above listed the 50% retracement at the 2,166/2,167 level. At the moment, that’s precisely where we’re seeing the midday…