Fun Facts from 2014 About Up and Down Days in the Market

Oct 23, 2014: 3:04 PM CST

Like any year, 2014 has seen its share of ups and downs in the market (more ups than downs, actually), so I thought it’d be interesting to compare the up and down days for the S&P 500 so far in 2014.

If anything, it’s a different way to see price and study the character of the market.

Let’s start with a special look at just the up-days that have taken place so far in 2014:

While there’s dozens of methods to view charts, you’ve likely never seen a “up-day only” chart!

Nevertheless, we can look at the frequency (number of up-days in a row) and size of the up-days in 2014.

Specifically, there have been 115 up-days so far in 2014 (out of 203 days), which means that 57% of days in 2014 have been positive.

Taken together, the Average of all up-days in 2014 is 9.3 points in the S&P 500 with a Standard Deviation of 7.40. Continue Reading…

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Stepping Inside Sector Strength During the October Rally

Oct 23, 2014: 12:19 PM CST

When we see large price movements in the market – like our recent strong rally over the last week – we can break down the picture into smaller pieces by looking at “Sector Strength.”

We can study which sectors were strongest, which lagged behind, and what this may suggest for the broader market.

Let’s take a look at Sector Strength on the way down from 1,900 (on the S&P 500) and now the path higher:

When discussing sectors, we often break them down into the six “Risk On” or Offensive Sectors that typically do best (outperform) during bullish market phases.

These include Financials, Discretionary, Technology, Industrials, Materials, and sometimes Energy.

We then break down the other sectors as “Risk-Off” or Defensive sectors that tend to do best during down-markets or retracements.

Let’s focus our attention first at the bottom of the chart on the “Defensive” Sectors of Staples, Health Care, and Utilities. Continue Reading…

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Join John Person’s Trader Tools that are Working Right Now Webinar Thursday

Oct 22, 2014: 4:30 PM CST

I wanted to call your attention to a special live educational webinar taking place Thursday, October 23rd at 4:30pm EST from my colleague and friend John Person.

Entitled “Best Tools for Traders Working Today,” John will discuss the top tools for traders as adapted to today’s new markets.

I’ve worked with John for many years and highly respect his work with traders.

He is a fellow presenter on TradeStation’s Morning Market Briefings with me (he updates on Thursday and I’m on Tuesday morning).

Here’s a description from John:

Let John Person help you reach your trading potential.

Join us on Thursday October, 23 at 4:30 p.m. EST for an educational trading webinar, as he demonstrates the tools he uses to trade both personally and teaches stock traders to use all over the World.

John has helped traders take their trading to the next level and become more successful following his techniques.

In this hour long webinar he will cover the following topics:

  • Making Stock Candidate Selections using his Top 3 Indicators
  • Seasonal Sectors using the Top Down Approach
  • Favorite Risk Management Techniques

This is a rare chance to join a webinar and have a one on one experience featuring John Person’s wisdom and expertise. If you are unable to attend the live event please register and we will follow up with a recorded copy of the webinar.

If you are looking for concrete ideas to sink your teeth into then be sure to attend this special fast-paced session.

To register click here and get ready for a great educational webinar!

When: Thursday, October 23, 2014
Where:  On line at Personsplanet.com  Omnovia Trading room
What Time: 4:30PM (ET)

See you there!

Corey Continue Reading…

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Reversal Intraday Market Update and Stock Scan for Oct 22

Oct 22, 2014: 1:49 PM CST

And now for something completely different (than this creeper trend we’ve seen)!

Here’s our S&P 500 update and trending stock scan for the day:

Price crept advanced with “Creeper” Trend Days into today’s session high of 1,950.

Note the lengthy negative TICK (Market Internal) Divergence along with the descending TICK Channel which occurred before the reversal.

Nevertheless, price currently trades into the 1,930 level, 20 points lower than today’s reversal high.

We’ll focus our attention here at the 1,925/1,930 price cluster target from a higher frame.

Continue Reading…

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The Rectangle Range Continues for Apple AAPL Trade Planning

Oct 22, 2014: 10:17 AM CST

After a mini-bear trap, Apple (AAPL) shares continued trading within a well-defined Rectangle Range Pattern.

Let’s update our Apple chart and note potential breakout trades – or “Range Fades” – that may trigger soon.

After a breakout (gap) into trend movement from May to August, shares have traded within a triangle and now rectangle price pattern on the Daily Chart.

To simplify the chart, Apple shares trade between resistance into $103.00 per share and support at $95.00 per share.

This defines our current short-term trading strategies for Apple. Continue Reading…

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