The S&P 500 is downtrending on the intraday frame and pulling back from a resistance target near 2,010, but we have a key pivot point that will determine whether we’ll be bulls or bears for the next few sessions. Let’s take a look at the charts, breadth, and highlight our trending stocks of the day….
If you’re a trader or follower of crude oil, you’ve noticed the increased volatility and intraday gaps with reversals over the last few sessions. Let’s take a look at what’s happened and where we are now in the market (the lessons goes beyond crude oil). We’ll start with the transition from “stable” to “unstable”: Before…
As a follow-up from his earlier document “Understanding Options,” John Carter released a new video for you and will be hosting a special webinar this Tuesday to continue the free education. Be sure to join John this Tuesday, September 9th when he presents his special webinar: “How to Beat the Market Makers by Using Weekly…
As we wind down our first trading session of the week, let’s take a look at the message from our Sector Breadth Chart and highlight trending stocks of the day that may continue to trend into the next session. We’ll start with our perspective on Sector Breadth: We see another mixed picture of Sector Breadth…
We’re seeing another price expansion or trend phase from a triangle breakout in theUSDJPY (Japanese Yen) FOREX Pair. I highlighted this opportunity at the beginning of the breakout (reference the earlier post). Let’s update our chart and highlight the lessons we can learn from two Triangle Patterns: First, triangle patterns represent price compression (consolidation) and…
The market has reversed course each day this week and today’s session is no exception. Let’s update our rangebound S&P 500 intraday chart, highlight sector breadth, and end with our strongly trending stock scan of the day. The S&P 500 has remained in a rather violent trading range the last few sessions as volatility has…
This morning’s session for BP has been a windfall for the bears. However, shares trade on the “edge” of a support level that – if broken – simply opens price to a further sharp decline. Let’s pinpoint this level and the view our “Color Value Area” Chart for BP: For starters, BP has reversed into…
What a fun week it’s been so far! Buyers short-squeezed the market higher each day only to fail to hold the gains as mid-day reversals plagued the market. Today is no exception as we see another instance of morning strength giving way to afternoon weakness in the stock market. Let’s look beneath the price to…
Apple (AAPL) shares shook traders today with a “Trap and Collapse” outcome that threw price back to a short-term target level. Let’s update our Apple charts and step inside the recent action. For a bit of background (and real-world education), take a look at my prior update entitled “Charting Apple Through the $100 High.” As…
After a holiday weekend, the market returned with a volatile Tuesday! Let’s chart the broader S&P 500, note key levels, and then highlight our trending stock scan of the day. I’ll add more detail to the chart for the Daily Membership but for now, we’ll focus on the small intraday rectangle (highlighted) developing near the…