Friday, October 31, 2003
Click for current support levels. (NQ E-Mini)
This 60-minute chart shows current intraday support levels. Daily trend has just turned up, but it will take a break above recent highs to become bullish. Possible double-top in the daily chart. It's Friday Oct 31, watch for pickpockets and goblins...
Posted by FibMaster @ 05:58 AM PST [Link]
Thursday, October 30, 2003
Tomorrow (Friday) at lunch (12:00 Eastern) we will have another weekly Stock review!
You are invited to join us in our (free) public chat room at noon to review some great charts. Click here for details.
The charts to be reviewd have been chosen because they are setting up for some potentially major moves, so join us to find out the details!
The more traders the better! Let's have some fun with charts! Join us any time in the morning, but be there before 12:00 Eastern.
Posted by FibMaster @ 06:32 PM PST [Link]
Click for chart.
These support levels are valid unless the high of today is exceeded.
See comments on chart.
Posted by FibMaster @ 07:28 AM PST [Link]
Wednesday, October 29, 2003
Click for RRT chart.
A quick and painless defined/low-risk couple of points!
This chart outlines the most reliable trade of the day, in a very mixed market. It was a rejection of the high of the day. This is a DiNapoli RRT pattern. If you have the DiNapoli book, print this chart out and place it near page 98 of that book.
The pattern is more obvious on a 5 minute chart, but with such a small pattern I decided to trade it on a 1-minute chart. Also because of market conditions I did not trade it exactly as described in the book, I adjusted my entry a little.
I hope you enjoy this chart and make use of it. This type of education and assistance is what the website is about!
-Neal.
Posted by FibMaster @ 03:18 PM PST [Link]
I'll be visting this traders exhibition November 20-23 (Las Vegas), send email if you'll be there, I may put on a seminar if there is interest..
http://www.tradersexpo.com
mail address members@fibmarkets.com
Posted by FibMaster @ 06:50 AM PST [Link]
S&P support chart.
The attached are important intraday S&P suport levels, 30 min chart. How the market behaves at these levels, and the resistance levels posted in prior chart, will determine the trading tone of the day. We may get consolidation after the run-up yesterday, mixed trends so watch your risk!
Posted by FibMaster @ 06:36 AM PST [Link]
Click for DOW cash chart.
This is the weekly DOW chart, showing some significant resistance levels at 9795, 10011, 10403.
The 9795 one is coming up, and should bring out some sellers. Note that the weekly trend does not look particularly strong at this time. Perhaps these resistance levels can stall the S&P too, definitely worth watching.
Posted by FibMaster @ 06:23 AM PST [Link]
Click for E-mini 30-min chart.
The attached chart shows some resistance levels on the 30 minute chart at 1045.50, 1047.75 (prior pivot too), 1052.75, also another up at 1060.50 ..
The daily trend is still down, though is being challenged by this 30-minute rally. So mixed trading conditions today, unless the 30-minute chart can turn down again. Trade carefully, especially near the above resistance levels.
Posted by FibMaster @ 06:06 AM PST [Link]
Tuesday, October 28, 2003
Click here to see great trades.
I've added some more completed trades to the above page. These are trades from the ProfitPoint daily newsletter, the symbols are PTEN (gain 8.25%), HNT (gain 4%), AMSC (gain 22%) - Click and enjoy!
Posted by FibMaster @ 08:58 AM PST [Link]
Click for DELL chart.
This is a great chart to study. We can't know whether DELL will retrace down to the $34.60 area, but it it does and supports there, it would be a great place to enter long. There is a trend-line and there are several fib levels (ie SK) which converge right in that area... This scenario makes for a higher probabilty and lower risk trade. We want that, RIGHT???
Watch this chart if it reaches $35.00 to $35.74, put an alarm in your charting program, send me email when it gets there. It could setup for a great long trade on a bounce in that area..
-FibMaster.
Posted by FibMaster @ 08:31 AM PST [Link]
Click to see the consequences
Posted by FibMaster @ 06:38 AM PST [Link]
Monday, October 27, 2003
Click for streeter's picture.
Attached photo by "Streeter" from chat room.. He sent others but they are a little large..
Spare a thought for the people and animals in this difficult time.
Posted by FibMaster @ 07:21 AM PST [Link]
Click for chart
S&P mounted an impressive return late on Friday. Attached is an updated chart, originally posted earlier this month, but with more data now.
Daily chart is in a down-trend, but has a chance of recovery now. Until the S&P takes out 1035 intraday, I'm bearish.
Posted by FibMaster @ 06:30 AM PST [Link]
Sunday, October 26, 2003
Hello ProfitPoint subscribers.
I'm posting this here as a place-holder for any questions you may have on the newsletter or recent charts. Not everyone is up to speed on my techniques, so feel free to ask any smart or dumb questions!
To post a question here, just click on the "Post Reply" link or the red "Replies" link near the bottom-right of this message.
I enjoy helping so ask-away!
If you are new here and don't know what ProfitPoint is, click here to find out!
-Neal.
Posted by FibMaster @ 08:15 PM PST [Link]
Click to see QQQ chart.
The attached image shows the QQQ weekly chart on the left and the daily on the right. These longer-time-frame charts are valuable for intra-day traders too.. Look at Friday's bounce near the low for example. It reversed right at that weekly number!
Look at the up-channel I have marked in red on the weekly chart. This channel shows that the recent pullback is not a disaster, it is well within normal range. The channel is intact.
The daily chart on the right shows several very important support levels. They are $33.60, $32.20/$32.60, $31.80 and there will be others lower down.
On Friday the Q's bounced right near the SK support level $33.60 and rallied back to $34.20 . The $32.20/$32.60 level is still well within reach if the bears come back early next week. Even after a little bounce QQQ could get down there without too much trouble and without causing much panic.
Panic begins below there! Look at the up-channel on the weekly chart again. If QQQ drops below $32.50 it will be challenging that channel and will begin to look bearish. If the $31.80 support level doesn't hold, then this chart will become very bearish with much wailing and teeth-gnashing.. Intra-day traders should watch these levels for the market to tip it's hand.
If the lower bound of the channel holds QQQ could give us another swing up to make the bulls happy again. There are long term resistance areas in the $37 to $40 area that could cause a problem in the future if the market gets up there.
Posted by FibMaster @ 05:10 PM PST [Link]
This chart was discussed in our chat-room on Friday.. CMOS has broken above resistance at $13.50 .. Provided the weekly trend remains up, this chart is bullish potentially all the way to .618 resistance at $18.00 .. Dip-buyers are the winners as long as trend remains up and CMOS does not return below $13.50
click here for chart.
Posted by FibMaster @ 09:25 AM PST [Link]
Saturday, October 25, 2003
The following file is a transcript of our Friday intraday chat room, where I did a stock review of many charts.
Click here for the text.
Each week I search through many thousands of stocks to find those which are setting up for powerful moves.
These become my "watchlist" for the next week, and are reviewed in our intraday chat. Some of these will probably appear in my daily "ProfitPoint" newsletter soon, as dynamite trades! Click for ProfitPoint newsletter.
If you would like me to review your favorite stock next week, send me the symbol in an email with the subject "Stock Review Request".
Have another great week in the markets!
-Neal.
Posted by FibMaster @ 02:54 PM PST [Link]
Friday, October 24, 2003
The attached chart has near-term resistance levels marked in red, needs to break all of them before longe become safer.
click to see chart.
FYI, SK support at 1016/1018 area on ES this morning, the prior level broke overnight.
Posted by FibMaster @ 07:06 AM PST [Link]
Thursday, October 23, 2003
This is for VIP/ProfitPro subscribers only click here for details.,
Some days are not very exciting in the markets.. Consolidation blues...
Also, several of us have been in the chat room for many months! So repeating the
same routine every day may not be as rewarding as before.. Though
brainwashing through repetition can be beneficial. hehe.
I'd like to try something new.. Once a week, perhaps Mondays, we have
a "theme", where we discuss a particular aspect of trading.. One day it can
be "stop loss placement", another day "RRT", and another "trading thrust" etc..
I won't necessarily have a lesson prepared each time, will just "wing it".
If the market gets active, we can break and continue another time or
bump the session to Wednesday that week.. Sound good??
Send me your ideas for "themes", so we can cover topics that interest you!
-Neal.
Posted by FibMaster @ 08:28 PM PST [Link]
Tomorrow (Friday) at lunch (12:00 Eastern) we will have another weekly Stock review!
You are invited to join us in our (free) public chat room at noon to review some great charts. Click here for details.
The charts to be reviewd have been chosen because they are setting up for some potentially major moves, so join us to find out the details!
The more traders the better! Let's have some fun with charts! Join us any time in the morning, but be there before 12:00 Eastern.
Posted by FibMaster @ 09:29 AM PST [Link]
Added another good trade chart to the boasting web pages, see AMSC chart here.
Here is the quote from my ProfitPoint newsletter at the time:
"If you are a scalper looking to short an overbought chart intra-day, consider AMSC near $14.50 .. But only if there are confirming signals on lower time-frame charts of course! You never want to step in front of a train, so wait for confirmation at that SK resistance level, for a quick short-sell scalp possibility.
If there is no TRSI cross down at SK resistance on lower time-frames, there is no trade. Place a close stop near recent highs, and take a quick profit at short-term Fib support levels (to be determined intra-day).
This is a scalp possibility, not an investment! Trail a stop at Fib levels, and get out on a sign of Fib support."
Posted by FibMaster @ 09:25 AM PST [Link]
Wednesday, October 22, 2003
We will have another Stock Review this friday at 12:00 noon EST in our chat room. A transcript will be posted here too.
Send me your stocks to review! If you would like me to review a stock chart, send me the symbol by email at
members@fibmarkets.com
No penny-stocks please.
-FibMaster.
Posted by FibMaster @ 04:35 PM PST [Link]
This chart is for discussion in our intraday chat room. The S&P is testing this support right now. If this level breaks I'll be happy to short aggressively. Beware it may consolidate/bounce here.
Click for chart.
Posted by FibMaster @ 11:39 AM PST [Link]
I've been distracted lately making the new training video.. So need to add some more trades to this horn-blowing page:
http://www.fibmarkets.com/updates.html
The NCC chart was just added, a good Double-Repo trade. This is worth looking at, for educational purposes.
See the ProfitPoint description of this trade here: 030915.pdf (40k file)
Posted by FibMaster @ 07:41 AM PST [Link]
Tuesday, October 21, 2003
The attached chart is the daily S&P E-Mini.
The S&P looks heavy on the daily chart, so here is the downside picture to give us some context for a possible roll-over.
The daily trend is just about to turn down, if it does we are in for a bit of a bearish period. I have marked four significant support levels. These support levels are valid as long as the October 15th high is not exceeded.
There could be a lot of great short trades intraday before those levels are reached, but if the market comes close to them watch out for a bounce! Longer term swing traders may use those levels as profit-points to exit shorts.
The 1030 support level is psychologically important, bulls will buy that level. If 1030 support breaks, traders will become more bearish. Looking at prior retracements the 1015/1018 support level is quite a normal pullback. But a retracement deeper than 1015 will make the markets look very week, bulls will begin to feel desperate..
Watch these levels in the coming weeks.
Click to view attachment.
Posted by FibMaster @ 06:41 PM PST [Link]
Monday, October 20, 2003
Announcing my new training video called
"Let Your Profits Run!"
Bank bigger profits from your winning trades..
See details here:
http://www.fibmarkets.com/videoseminar/
-Neal.
Posted by FibMaster @ 10:19 PM PST [Link]
Well the 1035.50 SK support held, see attached chart. Funny how that works lol.
Had some good trades this morning, and some whipsaw too.. It's what happens when you trade those counter-trend trades..
Click here to see chart.
Posted by FibMaster @ 01:08 PM PST [Link]
OK looking at S&P... Daily trend might cross down if it doesn't support today.. If on the other hand the 30-min supports and trend crosses up, I'll want to buy dips.. 1035.50 and SK at 1031/1032 are critical support.
Posted by FibMaster @ 12:57 PM PST [Link]
Sunday, October 19, 2003
The file linked below contains a transcript of Friday's Stock Review.
http://www.fibmarkets.com/YaBBImages/Attachments/stockreview031017.txt
This Review was done in our daily chat room. I intend to do this review weekly, each Friday at noon EST, when many traders take a lunch break.
Join us each week for a free stock chat session here:
http://www.fibmarkets.com/chat.html
-FibMaster
Posted by FibMaster @ 09:46 AM PST [Link]
OK listen up.. this market has made a significant retracement intraday FRIDAY. The quality of the coming rally will tell us whether a top is in place. If it can't take out prior daily highs, rallies sluggishly, we can expect to be bears in the next week or more.
Markets are at important support zone, if this breaks, it gets bloody. Support and bounce probable 1037/1040 on S&P E-Mini.
Posted by FibMaster @ 02:41 AM PST [Link]
See the attached chart. We don't get bearish until that trendline breaks... It's been there a while, tested several times..
http://www.fibmarkets.com/YaBBImages/Attachments/031016_es_30.gif
-Neal.
Posted by FibMaster @ 02:17 AM PST [Link]
Tomorrow (Friday) at lunch (12:00 Eastern) we will have a new weekly feature.. A weekly Stock review!
You are invited to join us in our (free) public chat room at noon to review some great charts including the following:
ADP, AEIS, ALKS, AMGN, AMSC, ASYT, BKS, BRCM, CCL, COGN, DELL, ESPD, EXAS, FTI, GILD, GYI, HNT, HOTT, IBB, IBM, INVX, JDSU, KLAC, LSI, MEDI, MERQ, MO, MTSN, NCC, NSIT, PSUN, PTEN, RCII, RGLD, RIMM, SPRT, TTEK, UNTD, UTSI, XLB, XLF.
These charts have been chosen because they are setting up for some potentially major moves, so join us to find out the details!
The more traders the better! Let's have some fun with charts! Join us any time in the morning, but be there before 12:00 Eastern. Click here to join us:
http://www.fibmarkets.com/irc.html
See you tomorrow,
-Neal (FibMaster).
Posted by FibMaster @ 02:13 AM PST [Link]
Saturday, October 18, 2003
This web page will be replacing the old forums. Check back daily for interesting charts and market analysis.
Posted by FibMaster @ 06:27 AM PST [Link]
