Markets STILL are never boring! Today’s action again reminds us of that fact. A rangebound morning devolved into a breakdown, and the sell-off was halted from an intervention buy event from the buyers. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: Price logically moved down away from 2,070…
How can momentum divergences help your trading style? Simple – by providing early warning signals of market reversals. But divergences alone aren’t enough to trigger a trade. Let’s see another example of one of my favorite trade set-ups that played out recently in Crude Oil, and of course what levels we’re targeting now. First, take…
We’re still waiting on your breakout, Mr. Market. Until then, we’ll keep playing the brief game of Ping-Pong you’ve set-up within the clearly defined trading range. Let’s update our short-term S&P 500 planning and get ready for the breakout… or simply more of the same. Be sure to take a look at January 26th’s “Plotting…
Markets are never boring! That’s for sure. What started as a strong, bullish session has now reversed – from negative divergences – to a Rounded Reversal. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: On the Unemployment Report, stocks started the session trending higher on a short-squeeze but…
Intraday traders often scan for stocks that are strong and likely to get stronger so they can trade in the direction of the trend should it continue for the remainder of the session. Here are eight selected stocks from our algorithmic scan this morning that are showing gaps and potential continual intraday movement in the…
Let’s step outside the noise and view a broader picture of the reference charts for “Color Market Structure” and Trend for the US S&P 500, US Dollar Index, along with leading commodities Gold and Crude Oil. Structure Charts help us pinpoint the trend and help put our positions in a broader context. We’ll start with…
Buyers extended their dominance today, though they’re meeting resistance with divergences, suggesting their bullish swing may be ending. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: For a broader discussion on this ongoing and important pattern, see my update post “Plotting the Current Range and Future Breakout for…
After a lengthy positive divergence into support developed yesterday, buyers (unwilling to let the stock market fall even a tiny bit beneath 2,000) extended the gain and broke stocks higher to continue the wider consolidation pattern. We’ll start with the ongoing intraday downtrend the S&P 500 and highlight our trending stocks: For a broader discussion…
You’ve heard the increased discussion about “Deflation” in the global economy, but what does that mean? Let’s take a quick fly-by view of 8 Commodity Charts and see what’s happening and how to put this in context. We’ll start with four commodities hit worst by declining prices: A Deflationary Environment is marked (in simplest terms)…
Stocks continued their sell-swing, yet we’re seeing a similar intervention or V-Spike Pattern that played out last Thursday. We’ll start with the ongoing intraday downtrend the S&P 500 and highlight our trending stocks: For a broader discussion on this ongoing and important pattern, see my update post “Plotting the Current Range and Future Breakout for…