Daily Commentary

I think we can safely say most of us didn’t see THAT happening. By a narrow margin and defying expectations (even those of the stock market which rallied strongly yesterday), the citizens of the United Kingdom voted to leave the European Union. While this post doesn’t address the politics or economics of the situation, it…

Each morning I post a quick Fibonacci Target Grid for your reference. We use this chart to plan our trades as price moves “toward” or “away from” our planning levels. Here’s a reference guide on how you can use these levels and incorporate them into your trading. In addition to Fibonacci Levels, we’re incorporating other…

We’re all saved!  The United Kingdom is expected to remain within the European Union, and stock prices surged on the news. As long as this doesn’t change, we’re updating our charts and strategies accordingly (to the bullish side). Let’s update our levels for the S&P 500 Index and note the big trending stocks today: This…

With expectations that the U.K. will remain within the European Union, stock prices surged right on schedule. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Over the last couple of sessions, we’ve focused on the interplay (bounce) between 2,074 and 2,088 in the @ES. With the increasing likelihood that…

Price retested the 2,100 key level… but failed to hold it this afternoon. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: We’ve been focusing on the 2,100 S&P 500 Index level and price challenged – and failed – at this level twice. We often frame our intraday…

While price bounced between our upper Fibonacci Grid Levels, this morning we’re seeing a possible breakout. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Over the last couple of sessions, we’ve focused on the interplay (bounce) between 2,074 and 2,088 in the @ES. With the increasing likelihood that the…

If you’re trading – or thinking about trading – Gilead Sciences (GILD), take a look at this key level right now. Here’s the critical “Support or Breakdown” price area on which to base your trades right now: Traders profited wildly from investing in Gilead Sciences from 2011 to 2015. However, late 2015 into 2016 has…

Despite yesterday’s large bullish up-gap, price bounced between our Fibonacci Grid as seen below. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: First, take a look at the analysis and planning from yesterday’s morning update – it was the correct analysis. Price moved “down away from” the 2,087 level…

The bulls seized control over the weekend with a strong bullish gap up to our key Fibonacci Target Level. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: I highlighted to members the “Symmetrical Triangle” developing between the 2,074 and 2,040 level with 2,062 as the Midpoint of the pattern….

Google (GOOGL) shares broke to new swing lows today after a gap-down and strong sell-swing. Price broke through a rising trendline and triangle pattern, triggering additional selling pressure. Here’s the intraday breakdown and structure – we’ll also put this in context on the Daily Chart: Price fell shy of the $800 per share high in…