Pullback in Progress Market Update Jan 27

After an overnight bounce off daily support, sellers again dominated the market today, resulting in yet another impulsive Trend Day lower with support breaking. Here’s our Extended T3 Trend Day down for reference: Here’s a snippet from Tuesday evening’s Member Strategy Report that forecast today’s rally: Let’s state the facts – we’re back at new…

As we start the new week of March 28, 2016, what simple planning levels are in play for the S&P 500? Let’s see them and develop our plan based on these levels: All complex analysis aside, our key focal points (levels) for the week are the following: 2,020:  The 200 day Simple Moving Average and…

A quick mid-day scan on July 2nd found 116 NYSE stocks achieving fresh new 52-week highs – here is a sample of five of these leading stocks and a quick glance at their daily chart with an emphasis on the uptrend and breakout that brought these stocks to the forefront of the scan. We’ll also…

If you’ve been trading or following Baidu (BID) lately, then you know how much price (and investors) have been on a roller coaster lately! Let’s get a quick update on BIDU and view the recent recovery which is now being eroded in what could be shaping up to be the colorfully termed “Dead Cat Bounce” pattern.

Like yesterday, we’re seeing a bounce up away from the low toward the 23.6% Fibonacci Level. This morning, we’re seeing a stronger swing and possible bullish breakthrough develop. 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…

Virtually every trader who uses charts has seen the recent symmetrical triangle forming in the major US Stock Market Indexes. Did we get a break-out buy signal today? From the chart (and zoomed in image), it would seem that indeed we did have a triangle breakout buy signal today, but notice that it was not…