As expected, NIB (Cocoa ETN) continued right on through T1 in the wake of yesterday's impulsive bull flag pattern breakout, with NIB gapping up today to hit T2 for a relatively quick 7% profit. The move following the breakout of a bull flag continuation pattern is often as impulsive as the move leading up to [...]
NIB (Cocoa ETN) has hit the first target for a relatively quick 4.6% gain & appears likely to be headed to T2 very soon. As expected, NIB has taken out the 25.62-25.72 resistance zone with an impulsive move following today's gap & breakout above the 60-minute bull flag continuation pattern. This opens the door for [...]
The following notes & charts are an update to the NIB (Cocoa ETN) Active Trade Idea. Please login or sign-up for your free 3-week trial to view.
Just a reminder that the FOMC rate decision is schedule to be released around 2pm EST today. As discussed in the recent video & within the Trading Room, some FOMC announcements, such as this one, have the potential to cause sharp reactions in the financial markets (stocks, bonds, gold, etc..). Any technical breakouts or breakdowns [...]
The following notes & chart outline the entry criterion, price targets & suggested stop for a swing trade in NIB (Cocoa ETN).
This video begins with the near-term outlook for the US stock market via SPY, QQQ & IWM followed by coverage of the following stocks, sectors & commodities that stand out as potential trading opportunities at this time: WEAT, JJG, DBA, CHOC, NIB, $COCOA, FCEL, DDS, M, AZPN, NVDA, SMH, IPI, MOS & POT.