Today’s session is playing out identically to yesterday’s session, with the early down-move and the reversal off the lows. We’ll highlight yesterday’s structure and note whether we see a further repeat of the pattern… or perhaps something different (like a sell-swing into the close). We’ll update our key levels, highlight the divergence, and of course…
What looked like a possible bullish breakout devolved today into a trap as Copper buyers failed to hold the breakout level. Let’s update our chart of Copper – and ETF JJC – and plan where were go from here: Similar to Crude Oil, Copper fell through the end of 2014 and at the beginning of…
I wanted to invite you to a free educational webinar from long-time trader (and clear educator) John Carter. Tuesday at 8:00pm EST, John will discuss insights on how to “generate consistent trading results” in the new markets of today’s environment. I’m a long-time colleague and affiliate of John’s work and support his efforts to educate…
After forming a base support level, stocks rallied sharply this morning and continued a short-term sideways trading range as described in today’s update. Here’s the Structure and Planning Levels on the S&P 500 intraday: After a near-exact repeat day Friday (from Thursday’s pattern), buyers flooded the market this morning with a powerful rally that took…
Strangely, stock prices can actually fall and today’s session so far is a very similar if not almost identical repeat of yesterday’s morning session. We’ll be following and trading price action with respect to whether today fully repeats yesterday or else creates a new intraday structure at key levels. Here’s the Structure and Planning Levels…
As we chart the US S&P 500 (and related ETFs) flirting with more all-time highs, let’s compare the US strength with three countries whose related ETFs are also at similar new highs. We’ll start our adventure around the world with India (INDY): This post is designed simply to highlight these country ETFs and their bullish…
Can you believe the market can actually fall? I didn’t either! Nevertheless, today’s session is showing price weakness but buyers – so far – have again held up the market from falling sharply. We’ll be watching for the remainder of today’s session if they’ll be successful, and thus adapting our trades. Here’s the Structure and…
So far, today’s session followed the “opening gap weakness, intervention bullish strength rally later” pattern. The trigger-break above 2,110 caused bulls to become more aggressive as sellers triggered stop-losses again. We’ll update our key simple levels and note trending stocks today: The breakout above 2,100 resulted in a short-squeeze where bears (short-sellers) unwillingly helped propel…
After the recent sideways consolidation, stocks continued their short-squeeze driven rally and “All Clear” breakout higher. The trigger-break above 2,110 caused bulls to become more aggressive as sellers triggered stop-losses again. We’ll update our key simple levels and note trending stocks today: The breakout above 2,100 resulted in a short-squeeze where bears (short-sellers) unwillingly helped…
As the S&P 500 extends its breakout to new highs – along with the powerful NASDAQ – individual stocks are also strongly breaking to new highs. Let’s take a quick scan and highlight nine stocks that are breaking powerfully to new 52-week (and in some cases, new all-time) highs right now. These stocks can form…