I wanted to call your attention to a special live educational webinar taking place Thursday, October 23rd at 4:30pm EST from my colleague and friend John Person. Entitled “Best Tools for Traders Working Today,” John will discuss the top tools for traders as adapted to today’s new markets. I’ve worked with John for many years…
And now for something completely different (than this creeper trend we’ve seen)! Here’s our S&P 500 update and trending stock scan for the day: Price crept advanced with “Creeper” Trend Days into today’s session high of 1,950. Note the lengthy negative TICK (Market Internal) Divergence along with the descending TICK Channel which occurred before the…
After a mini-bear trap, Apple (AAPL) shares continued trading within a well-defined Rectangle Range Pattern. Let’s update our Apple chart and note potential breakout trades – or “Range Fades” – that may trigger soon. After a breakout (gap) into trend movement from May to August, shares have traded within a triangle and now rectangle price…
Pop Quiz: Without peeking, can you identify which month had the best day for the S&P 500 in 2014 and then which month had the worst day so far? How about if I said TODAY was the best day of 2014 for the S&P 500? That’s actually true. If the best day for 2014 happened…
Just like the prior times when buyers intervened to force a short-squeeze, we’re seeing the same breakout into shot-squeeze outcome this time above 1,900. Here’s our S&P 500 update and trending stock scan for the day: After the recent V-Spike Intervention at the lows, we’ve seen the market creep like a serpent ever higher into…
With a narrow bounce continuing to drive the market into a known resistance cluster, let’s view the key levels, highlight the trending stock candidates, and update our S&P 500 chart as we start the week of October 20th. Here’s our S&P 500 update and trending stock scan for the day: Again we watch the 1,900…
Netflix shares (NFLX) suffered a large news-based drop last week that took price all the way down to a key monthly support target. Let’s take a look at a potential buy opportunity as shares push into the gap or “open air” created from the plunge. From last week, we saw a gap down into the…
Price today continued its recovery rally into resistance (see this morning’s update for targets) and now we pause mid-day to check key key levels and highlight the top trending stocks of the session. Here’s our S&P 500 update and trending stock scan for the day: Our focal point turns to the underside of 1,900 which…
As was generally expected, the market retraced higher after several down-days in a row took price to a key monthly support level (1,825). Let’s look at the current S&P 500 and Dow Jones charts and highlight the surge back to the underside of the broken 200 day SMA: On the breakdown under the confluence of…
Join us live for a day of trading education from Fibonacci to Price Patterns, Trend Days to Spotting Market Reversals. I’ll be part of 8 trader educators presenting a full day of content as part of the Smart Investing Workshop: Financial Leadership from Professionals live event. I’ll be the final speaker to round out the…