World Market Index: 150-Point Gain Since March

When I wrote my article on March 10th, the World Market Index was trading around the 1750 level. Today (Wednesday) it closed just shy of 1900, where it faces the next resistance hurdle, as shown on the following Daily chart. Inasmuch as the RSI is above the 50 level, I’d watch for a bullish crossover to occur on the MACD and PMO […]
Slope of Hope

What happened at the March for Science?

I was too busy doing a 200-piece jigsaw puzzle with a 3-year-old to join the March for Science (plus I would be afraid that someone would rat me out as a mere engineer or, far worse, flight instructor). Can readers fill me in? What happened? Who marched? What did their posters say? Were there speakers? Who were they and what did they say? Amidst the complaints about the flow of tax dollars being reduced (an “attack on science” if Americans decide to spend more of their money on other things), was there a discussion of “Why Most Published Research Findings Are False”?

The web site says “Inclusion, diversity, equity, and accessibility are central to the mission and principles of the March for Science. Scientists and people who care about science are an intersectional group, embodying a diverse range of races, sexual orientations, gender identities, abilities, religions, ages, socioeconomic and immigration statuses.”

If there are actual scientists marching, can this be true? We can agree that science is one of the least diverse fields in terms of employment, right? And the people who make hiring decisions in science are scientists? So if women and certain minority groups have been excluded from science then it has to be scientists themselves who have done the excluding? Therefore we have the phenomenon of a group of demonstrated sexists and racists marching, at least in part, to denounce sexism and racism.

Philip Greenspun’s Weblog

Another Day with Same Emini Fibonacci Grid March 31

Without any fanfare, the market closes out Q1 2017 within our ongoing Fibonacci Grid.

Here’s today’s updated Emini (@ES) trading levels for your trades:

We’re using the same game plan as yesterday as price trades just beneath our 2,369 highlighted pivot zone.

A rush of buying pressure could trigger a bullish breakout beyond 2,370 so be ready for that.

Otherwise remain neutral/bearish beneath 2,369 within the ongoing Fibonacci Grid.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog

Still Surfing the Fibs March 30 Emini Update

We continue to frame each day’s trading day in terms of our ongoing intraday Fibonacci Grid.

We do this because it’s simple and it’s effective.

Here’s today’s updated Emini (@ES) trading levels for your trades:

After price gapped down int our 2,323 Fibonacci Level (the “Final Fib”), buyers stepped in aggressively.

Not only has price traded “up away from” this level “toward” the next two levels (2,338 and 2,352) but we’re also at the upper bound of our Fibonacci Grid, just shy of the 2,370 target today.

Simply stated, keep using these levels as intraday decision support and note the green/red price pathways on breakouts.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog

Emini Stalling on a Key Fibonacci Pivot March 29

We continue to frame each day’s trading day in terms of our intraday Fibonacci Grid.

Here’s today’s updated Emini (@ES) trading levels for your trades:

A surge took us from the 2,323 level through 2,338 and now above 2,351 on a rapid bullish expansion swing.

Now we’re seeing price once again interact with the 38.2% Fibonacci Level at 2,352.

Simply stated, frame your intraday trades in terms of the departure “away from” this level today as usual.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog

Surging Through Our Fibonacci Grid Emini Update March 28

Today is another victory for our short-term Fibonacci Grid trading plan.

Why? Let’s find out!

Here’s today’s updated Emini (@ES) trading levels for your trades:

We got it right again in the strategy planning for members, as I wrote Friday for members:

We’re perhaps nearing the end of the retracement or at least the end of the “C Wave” of the structure.

This would suggest a future downside break toward 2,323.

As you can see, not only did price crash down toward 2,338 but also (so far) held support and reversed UP AWAY FROM our Fibonacci Target.

We’re seeing the continuation of that bounce today, moving through not only 2,338 but now 2,352.

Simply stated, now that buyers brought us back to 2,352, play the departure from here as usual.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog

Final Fib Emini Update March 27

The weekend collapse took us straight into our “Final Fibonacci” Target, where we’re seeing a morning rally.

Here’s today’s updated Emini (@ES) trading levels for your trades:

We got it right again in the strategy planning for members, as I wrote Friday:

We’re perhaps nearing the end of the retracement or at least the end of the “C Wave” of the structure.

This would suggest a future downside break toward 2,323.

Play bearishly if the market breaks down away from the lower Fibonacci target at 2,338 which has already been broken twice during the sell-off.

As you can see, not only did price crash down toward 2,338 but also (so far) held support and reversed UP AWAY FROM our Fibonacci Target.

Seriously, use these levels as intraday trading decision support and planning.  They work.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”


Afraid to Trade.com Blog