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…
Amazon.com (AMZN) offers us a great lesson – and current opportunity – to study “Perfect Pullbacks” and future trade planning. Let’s pinpoint the pullback and study the pattern so we can apply it to a similar set-up in the future. Here’s the Daily Chart: For a specific strategy, explanation, and in-depth information on “Perfect Pullback”…
Wait – you mean the market actually can go down? I didn’t think that was possible. Sarcasm aside, let’s update our very short-term Fibonacci Retracement Levels for the current @ES. 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…