Divergences can be extremely important in planning and trading intraday market reversals. Momentum and – as I documented – TICK/Internal Divergences preceded both the support-bounce rally along with today’s sharp fall (sell-swing). Let’s update our key levels, highlight the divergence, and of course note trending stocks today: First, review Wednesday’s mid-day update for a real-time…
As was suggested in yesterday’s post, stocks stabilized off support with positive divergences and today we’re seeing the logical rally-bounce higher – and it’s a big rally. Buyers stepped in to support the market – at least twice – into the 2,040 S&P 500 pivot and kept it up into today. Let’s update our key…
There have been some big moves in the Cross-Market (Intermarket) Money Flow landscape recently. Let’s take a quick fly-by look at the Cross-Market grid and note these movements closely: The four highlighted markets include the S&P 500 (@ES), Gold (@GC), Crude Oil (@CL), and the US Dollar (@DX). I’m using the continuous futures contracts for…
Today’s session continued the selling pressure of yesterday, but the bears were less relentless. Buyers stepped in to support the market – at least twice – into the 2,040 S&P 500 pivot. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: Our critical support pivot (intraday) will simply be…
The selling pressure continued today on the support breakdown under 2,070’s pivot. What resulted – logically – was a strong trend day down toward the next target just like we saw on Friday. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: After a reasonable bounce up off the…
During market pullbacks, it’s often helpful to step inside the market to see which stocks are showing relative strength, or “holding their own” against the tide of selling in the broader market. Let’s pinpoint five strong stocks going toe-to-toe with the sellers – these shall warrant our attention as buy candidates when the tide of…
It’s easy to get caught up in thinking “The market will go up forever!” when in reality, the rules of gravity have not been permanently amended. What goes up must come down, and trends (even intraday ones) must eventually retrace. Divergences are great warning signs that a mature trend may soon reverse. Let’s revisit this…
Is Apple (AAPL) a buy right here at a key inflection level as news broke that Apple would replace AT&T (T) in the Dow Jones Industrial Average? Let’s take a look at this key trader level and plot the bull/bear scenarios: Just looking at the Daily Chart, Apple (AAPL) is a potential BUY for a…
Luckily, Friday’s session is exciting – certainly not boring at all! Let’s quickly chart four related strong/impulsive morning moves occurring after the US Jobs Report: Again, this is just a quick comparison – use these as springboards for additional analysis and trading opportunities. Stocks broke sharply under the 2,100 pivot and have moved lower in…
Stocks stabbed at the lows with more sharp rallies today, as we’ve seen over the last few sessions. We’re now seeing a sideways triangle consolidation at key levels with a clear pathway forward. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: Note the sideways intraday triangle trapping price…