Posts From David Busick

David Busick

David has been actively investing since 2000. When he first started, he made every mistake a new trader could make. But when he learned how to manage his losses and become more patient and disciplined, his trades became consistently profitable. David spent years developing a Fibonacci based method of trading that he calls the “One shot, One kill” technique. Like a sniper lies in wait for his target to come into clear view, this method attempts to identify precise entry and exit levels. You can learn more about David on his site TheFibDoctor.com.


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Priceline Stock Update (PCLN): 2 Fibonacci Buy Levels To Consider

Priceline (NASDAQ:PCLN) beat earnings but watched its stock price plummet as they didn’t meet investors expectations. As a Fibonacci trader aka “The Fib Doctor”, I adhere to a strict philosophy around Fibonacci principles, including retracements and extensions to find support, resistance, and price targets. Right now, I’m looking at Priceline’s…

Chipotle Stock (CMG) Update: Long-Term Price Target At $257

Chipotle’s stock price (NYSE:CMG) broke key price support recently and this should open up a new wave lower. But traders should use caution on the short side, as this is a “macro” analysis. As well Chipotle reports earnings on Tuesday, a catalyst for swift price movement.  And considering how oversold…

Apple Stock Update ($AAPL): Nearing $152 Price Target

Last September, I provided a $152 price target for Apple right here on See It Market. Since that time, Apple’s stock price (NASDAQ:AAPL) has increased by over $30 per share. And it is now nearing my upside price target ($152). Below is an updated Apple chart with my AAPL stock…

NASDAQ Futures Update: Careful For That Ascending Wedge!

The Nasdaq 100 () rallied back to new highs in December before losing momentum recently.  Today, I want to look at a chart of the NQ Nasdaq 100 e-mini contract (futures). In the chart below, you can see the strong move higher, followed by a sideways to higher consolidation. This set the…

Russell 2000 Futures Rally Update: The Slingshot Candlestick

Russell 2000 Futures: Some Perspective On The ‘Trump’ Spike Lows All major U.S. stock market indexes have been on a tear since the election night reversal. But one that really caught my eye was the Russell 2000. Looking at the Russell 2000 futures chart below, you can see that big ole…

S&P 500 Futures (ES) Macro Technical Chart Perspective

Today I want to share a good long-term chart of the S&P 500 ES futures. Currently, the stock market is receiving support in/around 2123 (prior fibonacci target) and 2134 (prior highs which lasted for over a year). My prior Fibonacci target was eclipsed by a matter of 11 points in…

Wells Fargo’s Stock (WFC) Declines: Downside Price Targets

Wells Fargo’s stock price (NYSE:WFC) has spent much of 2016 trading between $44 and $51 per share. But that range could get broken to the downside when looking at the stock chart and using fibonacci analysis. Looking at the chart below, we can see that each of the past three…

Apple’s Stock Price (AAPL) May Be Headed Toward $150

Many investors forgot about shares of Apple, Inc. (NASDAQ:AAPL). It seems that its recent trip lower offered investors a reason to forget about it or cast it aside. But Apple (AAPL) received new life after its stock price continued to hold important technical chart support throughout 2016. Even more impressive…

Crude Oil Update: Why Fibonacci Price Targets Matter

In January of 2016, I wrote an article on Crude Oil Futures where I identified a resistance zone of 37.28 to 41.47 using my Fibonacci method, which I refer to as the “One Shot, One Kill” method. Note that I was able to identify this resistance zone after my projected target…

Crude Oil Futures Testing Higher Resistance Levels

The sharp rally in crude oil prices over the last month has given the market a bit more confidence. But what oil does from here will bear importance. Let’s take another look at the charts to see what fibonacci levels I’m watching now. Specifically on crude oil futures charts. Crude…