I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Jobs are expanding everywhere! That’s the take-away from the stock market today to the better-than-expected June Jobs Report. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Once price gapped up away from the 2,100 pivot level, the buyers overpowered the short-sellers as sellers became buyers (to cover…
A better than expected Jobs Report this morning set the stage for a breakout beyond 2,100 and Trend Day into the “Open Air” pocket beyond the recent swing high. With that, we pull up our Fibonacci Grid to take into account the extended new high. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for…
We’re seeing a slight Bull Trap and continuation of our higher frame range for the market today. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: The up-swing rally away from the 2,080 pivot continued with price initially pushing – on negative internal divergences – beyond the 2,100…
Price reversed strongly off the 2,070 @ES level and now trades down from our 2,100 simple level. 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. Despite the Brexit volatility, price remains within a short-term (more…
It’s not just Amazon.com (AMZN) that’s breaking to new 52-week highs today. Let’s take a look at the 10 stocks in the S&P 500 right now that are also breaking out to new highs. As of mid-day July 6th, these 10 “top” stocks in the S&P 500 broke to a fresh new 52-week high. In…
If you’re a casual observer, it might be surprising that any stock could be making new all-time highs after the Brexit volatility. However, Amazon (AMZN) is one of those “strong stocks getting stronger” that did just make a new 52-week and all-time high this morning. Let’s chart it and highlight the pattern and potential pathway…
Our expected retracement continues with a break under our first Fibonacci Support Target. 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. For members, we were discussing the downside targets in the ongoing (expected/dominant thesis) retracement….
We’re seeing a logical sell-swing retracement in the market to a key target level. Let’s focus on it now. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: After four up-days in a row following the Brexit, we’re seeing a stable retracement down away from the 2,100 target…
With negative divergences into a resistance target, we’re seeing a logical retracement down in the @ES today. 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. While I may update this grid to be more specific,…
With the Brexit chaos, shares of Goldman Sachs (GS) plunged to a critical support level and are now bouncing up away from that essential pivot. Let’s pinpoint this level and note the price pathways to trade into the near-term future. Our clear pivot-price level is the $140.00 per share support. Note the yellow highlight above….