What is the next likely swing (price movement) for India’s “NIFTY 50” stock market index? Let’s take a look at the Weekly and Daily Chart to plan a likely pullback or retracement pathway. The weekly chart shows an overextended swing from 6,000 to 6,800 with reversal candles into the upper Bollinger Band. I show prior…
Which stocks are trending in today’s “Jobs Day” mid-day update and what signal is Sector Breadth (money flow) sending? Let’s take a look, starting with the intraday S&P 500 reversal and key levels: After a better than expected jobs report and unexpected fall in the reported Unemployment Rate to 6.3% (consensus called for 6.3%), stocks…
It’s the day after the April 30th Federal Reserve announcement and the market continues its upward drift. Let’s take a mid-day moment to recap the current levels, sector breadth, and trending intraday stock candidates. Our S&P 500 intraday snapshot shows a clear rising trend – even rising parallel trendlines – which means we’ll likely continue…
Savvy traders know to treat “Fed Days” differently than normal trading sessions while new traders often get tripped up by the sudden volatility or instant shift in the rhythm of a trading session. Let’s take a quick look at today’s “Fed Day” action and segment the day into “Before Fed” and “After Fed” to note…
We’re all waiting eagerly for the announcement and volatile market action that often accompanies “Fed Day” sessions. With a few moments to go until the announcement, let’s frame the trading day, focus on key levels to watch in the aftermath, and note potential intraday trading candidates on this special occasion. I’ve been highlighting the broader…
I hope you can join us for a live educational webinar entitled “Game-Planning Strategies for Anticipating the Next Trading Day.” I’m excited to be presenting with Bennet McDowell’s TradersCoach.com as part of their popular “Wednesday Night Live” educational sessions. We’ll get started at 7:30pm EST (4:30pm PST). You can find the full description at the…
What’s going on in the market and which trending stocks are calling our attention? Let’s jump straight ahead into today’s mid-day update as the trading range continues (so far): So far we see a Bullish Range Day session developing which is undercut by divergences in momentum and Market Internals. Logic would suggest a downside resolution…
As you know, I post a mid-day stock market breadth and trending stock scan each day. Today’s “intraday trend” scan returned some leading stocks which give interesting opportunities to play additional trend day continuation set-ups (such as retracements) in big-name stocks. Let’s jump right into our mid-day update and learn which stocks are our top…
Ever wondered how High Frequency Trading is affecting our current trading environment and what we can do about it? Join John Carter Tuesday April 29th to discover what’s going on, what’s changed, and how to adapt to the new realities of our current trading environment. There are two opportunities to attend Tuesday’s educational events and…
With today triggering a “Bull Trap” reversal outcome (at least so far), let’s take a look at our mid-day S&P 500 and Sector Breadth Update. We’ll start with a chart of the mid-day S&P 500 and how we got to this point: First, be sure to brush up on this morning’s update regarding the broader…