Market Internals and a Critical Trendline give us clues about how to position into the current 2,040 level for the S&P 500. Let’s see both of these and update our trade planning: A Broadening Top or Expanding Trendline pattern continues to plague the market, or at least the charting side of the market. The upper…
We have “more of the same” upside action in the stock market, defying bears all the way to even more new highs. The short-squeeze continues and we have a repetitive morning pattern to study on the intraday frame (as seen Friday) which continued today. Here’s our updated levels as the S&P trades through more all-time…
Start next week with a live market panel discussion about the week ahead! Join me this Monday at 1:00pm EST as part of a live discussion panel with TimingResearch. The panel will discuss this critical phase of the market and how to avoid the risks to come. You’ll also discover where they see the best…
We have “more of the same” upside action in the stock market, defying bears all the way to new highs. The short-squeeze continues and we have a repetitive morning pattern to study on the intraday frame. Here’s our updated levels as the S&P trades through all-time highs: Our key pattern is the highlighted region where…
An amazing 12 stocks in the S&P 500 have traded ten days straight up – and may be ripe for a pullback after such a stellar rise. Let’s chart these names which may be attractive to aggressive traders as a short-sell potential candidate list: This list highlights the most overextended stocks, defined by those which…
Be our guest live at the rapidly approaching Las Vegas Traders Expo! The special event will take place November 19 – 22 at Caesar’s Palace. You’ll be able to meet fellow traders, hear in-depth presentations from leading trading educators, tour the exhibit hall to see new products and software (and ask questions directly to experts),…
Gold can’t seem to find a suitable support level from which to rally as the downtrend continues. Let’s update our Gold charts, note the breakdown, and then identify price levels to watch. Here’s two quick perspectives on the Daily Chart (a near and far perspective): The first chart shows the longer term downtrend that began…
Apple (AAPL) shares achieved their $110 upside target on an overextended price swing. Let’s update our Apple (AAPL) charts and plot the next trading signal from the next likely price swing. Here’s two quick perspectives on the Daily Chart (a near and far perspective): The first chart shows the near-term (zoomed in) Daily Chart with…
Unlike yesterday, stocks took a pause and retraced lower during today’s session. Note the earlier morning update on “The Message from Market Internals” that helped forecast this pullback. Sellers stopped out and buyers entered, helping to propel price higher in a breakout event. Here’s our updated levels as the S&P retraces from its inflated all-time…
While price screams “higher, higher!” Market Internals yell “Caution! Look out below!” Let’s see who’s winning the battle of Price vs. Internals as the S&P 500 crept to a recent all-time high. I highlighted three events where Market Internals aligned with – or confirmed – the upward price action. When Market Internals make new highs…