We saw an interesting price pattern in high-flying Biogen (BIIB) only to see a harsh pullback to the key pivot level. Let’s note the “Shoot the Moon” rocket play – and return to orbit – to a key trading level on which to focus. Biotechnology stocks in general have been market leaders, at least until…
We have a second sell-session in a row as the S&P 500 moves down from the 2,100 key level. Let’s update our S&P 500 chart and highlight the strongest – and weakest – stocks on the session: As the S&P 500 failed to hold the 2,100 level, an slow-moving avalanche of selling pressure (liquidation) crept…
Twitter (TWTR) is back in the news with a bullish breakout and a strong recent rally. There’s an important pattern in price, momentum, and volume aligning that suggest even higher price highs are more likely to come in the near-term future. Let’s see the pattern and chart the levels in the relatively new stock Twitter…
Which two country ETFs are breaking out to new highs in a continuing uptrend? And which ones – on the grid – lag behind? Let’s take a quick update on a portion of our International ETF (Country) Grid: On the selected country ETFs above, two jump out as relative strength leaders: EWL Switzerland EWJ Japan…
Join me live Monday Morning for real-time market commentary and strategy planning for the week ahead! I’ll be returning as a guest on Timing Research.com’s live broadcast this Monday, March 23rd at 1:00pm EST / 10:00am PST. It’s a great opportunity to start the week fresh with targeted analysis and opportunity planning for the week…
After the Federal Reserve dropped the “patient” language but reminded us that recent economic conditions have deteriorated, making a June hike less likely, stocks rallied sharply and short-sellers rushed to buy-back losing positions which helped propel price higher in a large short-squeeze. Today’s session has seen a logical retracement of yesterday’s big move, so let’s…
Markets today retraced part of the sudden movement following yesterday’s Federal Reserve announcement. Let’s take a quick fly-by glance at the cross-market money flow reaction, today’s retracement, and something you missed if you weren’t watching the Dollar Index last night. With the Fed dropping the word “patient” from its forecast, the Fed counteracted that hawkish…
One of my favorite breakout trading patterns is the Triangle, and GoPro (GPRO) just gave us three back-to-back-to-back intraday examples of this set-up. Let’s take a look at these patterns and learn specifically how to recognize and trade this pattern. Let’s focus on the three highlighted triangle patterns step-by-step. First, a Triangle develops when price…
With the market near all-time highs again, which sectors are the strongest and which are the weakest? Let’s update our Color Sector Strength Grid and pinpoint broader trends and current leadership: We’re seeing our Color Sector grid of the nine major AMEX Sector SPDRs (ETFs). The top six sectors are classified as “Offensive” or Aggressive…
Counting today, the last four trading sessions have reversed off clear divergences, and today’s session is just a continuation of this powerful pattern. Divergences can be extremely important in planning and trading intraday market reversals. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: Review a few posts from…