I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
If you’re trading Netflix (NFLX) as a swing or intraday trader, be sure to reference this short-term Fibonacci Retracement Level grid for the stock. Here’s the Daily Chart with key Fibonacci Levels highlighted: Our quick retracement grid above shows the 2015 to present price action and three Fibonacci Retracement grids drawn from swing lows to…
With horrific terrorist attacks in Paris and beyond, and news of Japan officially slipping into recession, naturally stocks would be bullish and rise in a powerful trend day higher. Of course they would! How logical! How simple! Get rich by doing the opposite of what you think should happen. In our bizarro world, that’s exactly…
Newly crowned Alphabet (formerly “Google” GOOGL) is setting up a buy signal on the Daily Chart. Let’s highlight this pivot and plan the next swing away from this key daily price level. Cutting straight to the chase, price gapped higher in mid-October and retraced to our current key level. Focus your attention – and potential…
The steep sell swing continued in the S&P 500 as price moved toward the 2,025 target. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. Thursday’s breakdown under the…
Happy Veteran’s Day! The S&P 500 is currently trading within a well-defined short-term range to mark the holiday. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. Price continued…
Of the 30 stocks in the popular Dow Jones Industrial Index, five strong companies are breaking to new 52-week highs (and in some cases, all time price highs). Let’s shine a spotlight on these strong companies and note opportunities in these stocks. General Electric (GE): GE continues an uptrend though 2014 was a stagnant, flat…
Wow! Amazon.com (AMZN) has been one of the top performing stocks of 2015 as the stock continues to get stronger. Let’s update our charts and note the new price levels on which to focus for short-term traders: First, take a look at the prior update: “Targets and Opportunities for Surging Stock Amazon AMZN.” In that…
Price extended the sell-swing (retracement) today as the reality sets in that the Fed is more likely than not to raise interest rates at their December meeting. Let’s update our levels for the S&P 500 Index (seen here as the @ES futures): In-depth analysis is always provided to members of the Premium Daily Reports –…
With a stronger than expected Jobs Report this morning, it increases the probability the Fed will raise rates in December. That’s boosting the Dollar, initially sending stocks lower, collapsing Treasuries, and also weakening commodities. Let’s update our levels for the S&P 500 Index: In-depth analysis is always provided to members of the Premium Daily Reports…
Wow stock prices can decline for a second day in a row during this short-squeezed rally! Let’s continue our market update with a plot of the key target levels and our algorithmic stock scan of the day. Here are our new levels for the S&P 500 Index: In-depth analysis is always provided to members of…