Day trading course - wide ranging market

[caption id="attachment_4606" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. The market has been trading in a wide range between support at 1202 and resistance at 1225. A  pierce and test of support at 1202 followed with a rally up to present levels with buyers pressure to test resistance at 1219.75. If buyers pressure continues and the resistance at 1219.75 breaks through , the next target to test resistance will be 1220.50 to 1222.25 and then on to next target level of resistance at 1223.50. If sellers come in, a reverse to a bearish movement will have price to test the next level of support at 1215.75. If there is a pierce and breakthrough of support the next target is 1213.75, 1209 and then on to 1204 and 1202 respectively. Trade What You See  

day trading course

Day trading course - bearish channel

[caption id="attachment_4601" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

day trading course

Day trading course - bear pressure with strong support

[caption id="attachment_4589" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. Due to sellers pressure resistance level is lowering from a high of 1265. There is a strong support level at 1220.75. Now in consolidation with a tight range between support at 1228.25 and resistance at 1233.75. If buyers come the next target of resistance is 1238, if resistance breaks buyers will bring price to test next target at 1244.25. Next target 1255, then 1262.75 onto the next level of resistance at the upper trendline of the channel. If sellers move in to test support, the 1st target is 1227.50 and then onto a strong support level at the bottom trendline of the channel. If support breaks through next level of support is 1206.50 then onto 1202, and from there next level to test support is 1190.75. Trade What You See

day trading course

Stock trading - a few stocks to watch - no entry on swing trade

Stock trading - a few stocks to watch - no entry on swing trade

New pick on the day, First checking the fundamentals on stock trading the symbol QCOR  

Stock Trading Analyzer Result for QCOR

Analysis passed the average estimates test: Current Quarter 0.37, Next Quarter 0.38, Current Year 1.18, and Next Year 1.88 Analysis passed the number of analysts is above 3: Current Quarter 6.00, Next Quarter 3.00, Current Year 4.00, and Next Year 7.00 Analysis passed Earnings History Surprise test, however be warned 4 Quarters Ago is negative : Last Quarter (42.30%), and 2 Quarters Ago (15.00%), 3 Quarters Ago (17.60%), 4 Quarters Ago (-20.00%) Analysis passed EPS Trends test, however be warned: Next Year EPS trends is not all ascending 1.43, 1.42, 1.82, 1.86, 1.88 Current Year (0.96, 0.97, 1.16, 1.18, 1.18), Next Year (1.43, 1.42, 1.82, 1.86, 1.88) Analysis passed Growth Estimate test: Passed Growth Estimate for next quarter (90.00%), next year (59.30%), and next 5 years (42.25%) all above 20%

day trading course

Dollar index moving up - Equities moving down - Day trading course

Dollar index moving up - Equities moving down - Day trading course

The dollar index is moving towards a double top at 80.28 with another area of resistance at an extreme high 80.82 .  This is the double top on a longer term chart.  We are using the 1440 min chart for this top to see the after hours movement in the dollar index market. 79.50 was the point of control on the day and buyers are buying.  We have price agreement with a low volume.  There is a possibility this weak buyer foundation in price structure could lead to the future turn around or sell off in the dollar index. The dollar index soaring to this intermediate double top at 80.28 will put down ward pressure on stocks.  We will probably see a push back up on the indexes as the morning progresses to fill the open gap over the weekend.

Dollar index is particularly sensitive to the European negotiations.

December is particularly noted for declining volume and the Dollar index will reflect this.  Watch out for volatile moves as  the Euro has a lot of news behind it that will push these markets around.

Day trading course will be in your area soon, join us for Day trading education.

S&P500 emini futures price action

[...]

day trading course

Day trading course - pierce and breakthrough

[caption id="attachment_4555" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. In the afternoon a strong  rally up to test resistance at 1267, with a pullback and move into consolidation ranging between support at 1261.50 and resistance at 1265.50. A pierce and breakthrough of support to drive price down to touch and test the 50MA with a subsequent pierce and breakthrough to test support at 1258.75. Now with a pullback and a price failure to the previous support level at 1261.50. If sellers come in 1st target is 1260, next target is 1258.75. If support gives way the next target to test support is 1254.25 onto 1249.50. The outer level of support is at 1244. If the buyers come back in they will drive price up to test resistance at the 1st target of 1264, then onto next target at 1265.50 and onto the outer level of resistance at 1267.75. Trade What You See

day trading course

Day trading course - wide ranging bullish movement

[caption id="attachment_4552" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. There is a wide ranging bullish price movement with a second touch and test of the support at the bottom trendline of the bullish movement with a closing of a gap that has been open since the close at 12/3. There is now consolidation with support holding at the 50MA. Buyers pressure would bring price to test resistance at 1st target of 1259. Next target is 1262 and outer resistance level is at 1266. If sellers come in 1st target is 1255.25, next target 1251 and if the support level gives way price can go down to test support at the bottom trendline for the 3rd time at 1247. The outer target level of support is 1242. Trade What You See  

day trading course