Yesterday seems to be all the pullback bears get. Buyers stepped back in as bears stepped out with another financially losing short-squeeze against them. For the set-up and now the real-time resolution, be sure to see yesterday’s post for key target levels to “plan the pullback.” Let’s update our mid-day information and highlight our trending…
Sometimes the simplest scans work better than complex methods, especially in a trending market like this. The thesis is “What is strong tends to get stronger” and these stocks may yet still deliver additional upside gains. Let’s highlight our “Top Trending” Dow 30 Stocks and note the sectors from which these names emerge. We’ll start…
Finally, bears get the pullback they’ve been eager to see. The question is, how low will price go and when will buyers step back in? See this morning’s post for key target levels to “plan the pullback.” Let’s update our mid-day information and highlight our trending stock candidates for today’s session. Would you believe me…
And now for something completely expected – after multiple days in a row to the upside with persistent negative divergences, stocks pulled back from their overextended conditions. However, how far may stock prices fall and what levels are both potential downside targets and possible buy levels? Let’s update our charts and plan accordingly: Markets tend…
We can learn valuable lessons by studying classic examples of price action – in this case, a large divergence into snap-back reversal event (which stuns traders when they’re caught in the sharp sell-off). Let’s take a quick look at a recent clear example in Keurig Green Mountain Coffee Roasters (GMCR): The Daily Chart revealed a…
If you’re looking to diversify your trading strategies, learn a new technique, or just are looking for a new way to liven up your trading, then join us tonight for a special webinar with my friend and colleague John Carter. John will be presenting “My Favorite Ways to Trade Options on ETFs” which combines the…
I had a question about Natural Gas this morning and found something interesting on the current chart – note the key levels and breakout opportunities that are setting up currently. Let’s see these levels and highlight the key targets and structure moving forward: The indicator-heavy chart above shows the trend, spike in bullish (buy) volume…
We continue to see “more of the same” action and the simplest play is to “go with it.” Yet so few traders actually do that it seems. Nevertheless, let’s update our mid-day information and highlight our trending stock candidates for today’s session. We’ll actually start with Sector Breadth which is MIXED BULLISH today: On today’s…
Best Buy (BBY) shares continued their uptrend with a breakout gap into “Open Air.” Let’s highlight this chart and plot a “pullback” or else surprise breakout plan. Here’s the Daily Chart: Best Buy (BBY) has charted three symmetrical bullish swings (blue lines) from the May 2014 lows. This time, we see an extension and bullish…
Which top trending stocks – both bullish and bearish – are most extended from their rising (or falling) 200 day Simple Moving Average? Let’s use this simple yet effective stock scan to highlight eight trade-trending (or fading) candidates right now: This scan was created from FinViz.com’s Screener Tool focusing on the stocks most over and…