I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
I assume very few of us saw THAT coming! What began as strong pro-trending movements this morning reversed violently into counter-trend reactions. Let’s chart the short-term trends, today’s morning action, and the shocking reversals that busted the trends: For some perspective, take a look at this morning’s “Treasuries and Gold” update post. In quick summary,…
If you’re only watching stocks, you’re likely missing a big surge of money flooding into a defensive “Risk-Off” position. Let’s look at where the “Big Money” is flooding – defensive Bonds and Gold: Big Buyers rotated money rapidly into Treasuries, seen here with the 10-Year Treasury Note. You can also chart – or trade –…
Look out below! Chair Yellen spooked the market and sellers collapsed price through two Emini Fibonacci Levels. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: To set the stage, here’s a quote from last night’s Strategy Planning Report for members: “We’ll be BEARISH for a breakdown and sell-swing if…
No surprise! The Federal Reserve didn’t raise interest rates today. As we see the programmatic buying boost price higher, let’s highlight our Fibonacci Target Levels for the @ES. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: To set the stage, here’s a quote from last night’s Strategy Planning Report…
Have you updated your “Pullback Trading Plan” for Amazon (AMZN) if you’re currently trading it? Buyers wish for stable pullbacks in strong, uptrending stocks and we have a moment like that in AMZN. Here’s the quick-glance at the chart and our objective plan at our critical support level: For full information on how we identify…
In the membership and morning Emini Updates, we’ve been expecting a logical pullback to lower levels. So far, that’s precisely what we’re seeing and intraday traders have been able to profit from the pullback. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here are the the bullet-points from prior…
As I highlighted Friday, Gold was surging toward the $1,300 prior price high and key target level. Today, we’re seeing additional progress toward that key focal point. Let’s update our charts and note the trading planning here: Before updating our Daily Chart target planning levels, take a moment to appreciate how powerfully and persistently Gold…
Like Friday’s morning bounce, we’re seeing our expected price swing play out to our lower Fibonacci Target. It’s still not magic, but it’s quite impressive and helpful for making your trading decisions intraday. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here are the the bullet-points from prior updates…
I’m excited about this one! John Carter and Chris Brecher will be enriching your education with an information-packed class this Saturday, June 11th. Entitled “The Dynamic Options Traders Masters Class,” John and Chris will demonstrate what’s worked and what hasn’t from their long careers as professional traders. They will cover – in no particular order…
For short-term and intraday traders, three trend reversals occurred on the lower frames today. Let’s compare the money flow and price movement across Stocks, Crude Oil, and the US Dollar Index: I’m intending this post to be a quick overview for short-term/intraday traders. Stocks and Crude Oil were correlated – both rose in late May…