What’s a “Whale Trade” you ask? And what is the set-up and outcome? Doc Severson of Trading Concepts just released a video this morning that details the trade and how you can add it to your ever-growing trading toolbox. You see a stock explode out of a consolidation pattern (such as a triangle or rectangle),…
Each day I do a mid-day scan of strong and weak relative strength stocks, but today I also wanted to add a list of four stocks in the S&P 500 that strongly trended and closed at the high of their intraday range. From these, we will then view the Daily Chart for possible opportunities into…
I hope you’re not shorting this bull-dominated market! Or at least haven’t shorted over the last two sessions. Let’s dive inside action and note key levels and the trending stocks of the bullish day: Be sure to brush up on this morning’s “S&P 500 Range Planning” post which sets the stage for the mid-day. We’re…
As price continues to trade within a clearly defined range pattern, let’s update our S&P 500 chart and highlight what we should be watching and expecting right now. Here’s a pure price chart of the S&P 500 (daily) with two Range Boxes highlighted: Price patterns of the past echo into the future, and we’re seeing…
If you followed Market Internals yesterday, you had a clear roadmap to trade today’s session as a Repeat Pattern – Divergences – suggested yet another morning market reversal. Start with a read of yesterday’s mid-day report (more was detailed to Idealized Trades members) and compare that with today’s session that unfolded so far. Let’s dive…
Buyers pushed the market above the breakout but failed as they encountered thin air at the highs. A big divergence preceded this reversal. Let’s dive inside action and note key levels and the trending stocks of the day: Buyers shot the market higher Friday, and attempted to bully the market to new highs this morning…
Blink and you missed this week’s surge breakout higher in previously stable FXI, a popular ETF that tracksthe China 25 performance. Let’s drill-down on the breakout from the Monthly Chart (open air) down to the Daily Levels to watch now: The Monthly Chart above may give the clearest perspective of where the ETF has traded…
Instead of “A Whole Lotta Shakin’ Goin’ On,” there’s actually a whole lot of nothing going on today as yet another Range Day grips (constrains) the S&P 500. However, as on all days, opportunities are triggering in stocks within the market – just not the market itself. Let’s dive inside action and note key levels…
We’re seeing a Falling Range Day in the context of spiking volatility on a “Fed Minutes” Session. Let’s dive inside action and note key levels and the trending stocks of the day: Up, Down, Up, Down, Big Down into Big Up. That’s what’s today’s session held for us so far. New traders should be cautious…
Stocks are taking a breather after yesterday’s strong bullish trend day. Let’s dive inside action and note key levels and the trending stocks of the day: We were expecting the likely bullish action off the 2,045 pivot all the way toward the 2,080 target and price exceeded the intraday target yesterday. However, today’s session –…