Google (GOOG) faces an important “make or break” resistance challenge as a short-term range pattern continues. Let’s see the pattern, highlight the level, and plan our trades from this vantage point. A simple chart shows us the short-term rising range (highlighted) that has developed from August to present. These trendlines have contained price as it…
After yesterday’s strength, we have today’s retracement of the bullish reversal. Though price pushed to new highs, it was on negative divergences and we’ve seen downside action so far this morning. The afternoon gives us a “Fed Day Announcement” which could radically change the structure, but first, let’s update our S&P 500 chart then highlight…
And now for something a little different! Today’s session sported a strong Bullish Reversal in the S&P 500 from a “Rounded Reversal” and bullish divergence pattern. Let’s update our chart and note the key trending stocks of the day. I highlighted the positive market internal divergences to members last night (and in this morning’s briefing…
When using moving averages on a chart to find possible targets and support levels, which exact moving average setting should you use? How about more than one? The “Moving Average Cluster” charts help answer this question by finding overlapping price levels where more than one moving average meets. Let’s see these charts of hidden support…
We’re still charting the key levels on the S&P 500 along with trending stocks of the day. Let’s start today’s update with the Breadth Signal Chart and then Pinpoint Trending Stocks of the Day: With today’s slight sell-session moving forward, we see the logical picture in Breadth. Strength (for now) is concentrated in the Utilities…
What are the top five most over-extended (bullish uptrending) stocks and which are the top five under-extended (bearish downtrending) stocks in the S&P 500 right now? Let’s update our scans and see what they are and how we may trade them. We’re defining “over-extended” as being the highest percentage “extended” above the rising 200 day…
Even if you are only a stock market trader, it’s important to view money flow moving across major markets. Let’s take a quick update of our “Cross-Market Money Flow” trends as we move into the middle of September. We’re seeing the futures contracts of the S&P 500, Gold, Crude Oil, and US Dollar Index. From…
The intraday downtrend continued and price traded down from the 1,997 inflection level mentioned in yesterday’s mid-day planning post. Let’s update our S&P 500 level chart, highlight breadth, and see the strong intraday trending stocks right now. Price continued the downtrend in motion through September and pushed to another (small) new price low during today’s…
I know, it’s not the most compelling title, but it is very important for all of us to monitor the Volatility or Cycles of Market Internals, especially those of us who use them in our trading or analysis. Let’s update our TICK Volatility Chart and note the current important intraday levels for trading with the…
What levels remain important for the S&P 500, what does Breadth suggest about today’s price action, and which stocks are our pro-trending candidates of this important session? Let’s start with the S&P 500 and pinpoint the trend and key levels for planning: The 1,997 level – which is roughly the 50% Fibonacci Retracement as drawn…