Apple (AAPL) shares broke strongly to new all-time highs today, leaving some traders thrilled and others frustrated for missing out. While most traders avoid buying breakouts, others see them as great opportunities to join a strong trend. Let’s take a quick look at the current breakout as well as how shares have performed at prior…
After a powerful short-squeezed breakout to new all-time highs, stocks traded flat to start the new week. 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 the market higher as they covered their losses with stops triggered above 2,100….
Have you seen John Carter’s newest educational video? Entitled “Why I Trade Options for Consistent Account Growth,” John breaks down the following chart in far simpler terms: Both images link to the “more information” and free video page, and here’s the larger image: I admit – I was particularly interested in “not going bug-eyed” looking…
Today saw a repeat event where the morning started with a quick sell-off yet buyers intervened with a recovery event that thrust the market – in a Short Squeeze – to new all time highs. We’ll update our key simple levels and note trending stocks today: While yesterday’s session stalled after making a weak new…
Surprisingly, the weak new price highs continued with another stab at the upper level again today, though bears were there to halt the market into resistance again. The negative divergences still flash a big caution sign as price initially moves down away from this target. We’ll update our key levels, highlight the divergence, and of…
Over the last couple of sessions, as I highlighted to members last night, stocks continued their short-squeeze directed creep higher, fully achieving the simple 2,100 Round Number target. The negative divergences flash a big caution sign as price initially moves down away from this target. We’ll update our key levels, highlight the divergence, and of…
As we begin this holiday week fresh from our vacation, let’s highlight six “Power Trending” stocks from our scan. We’ll start with the Six Stock Grid: A quick scan for strongly trending stocks returns these candidates in no particular order. The main idea is that stocks which are strong tend to get stronger, thus we…
As logically expected and as I highlighted to members last night, stocks continued their short-squeeze directed creep higher, trading just shy of the 2,100 round number level. We’ve come down from divergences so far but let’s plan the rest of the session. We’ll update our key levels, highlight the divergence, and of course note trending…
Amazon (AMZN) continued its upward pathway following the recent trend reversal and breakway gap. Let’s update our charts and plot current target levels as we study this great breakout-and-trend example. For a bit of background, be sure to read the previous post “Amazon’s Bullish Surge from Divergences at Support.” In that post, I detailed the…
The Short-Squeeze Breakout game-plan triggered this morning and the expected breakout impulse thrust price toward all-time highs again. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: Let’s start with an update from the prior update on the current range and breakout targeting for the S&P 500. It took…