Well that was a relief! Price continued to rally up off the key support level and parallel trendline structure (see yesterday’s Triple Index Update for key reference levels) and we’re seeing a return to short-term bullish money flow. Let’s start with our current mid-day S&P 500 Sector Breadth Chart: Unlike yesterday’s clear bearish sector money…
With a sudden reversal off expected support in the S&P 500, let’s dig a little deeper and study sector breadth and update our potential trend-day trading stocks for the remainder of the session. We’ll start with S&P 500 Sector Breadth: While Utilities remain the #1 Sector so far, Energy trails closely behind. Unlike yesterday’s “Clear…
After a Bull Trap outcome sent equity prices back to the lower support boundary, let’s take a moment to update the key levels to watch in the US Equity Markets. We’ll start with the S&P 500 and will use the futures contracts for our reference levels: For simplicity, this post will focus on the key…
Students of Market Internals know that Friday’s and Monday’s sharp downside reversal in the US Stock Market was a likely outcome from the message sent from market internals. However, that’s not the complete picture, nor is it as simple as “Divergence Equals Reversal.” First, take a moment to review my “Charting Market Internal Divergences at…
If you’re a fan of John Carter’s educational work with traders, you’re in for another special treat as he details lessons from 2013, a year in which he grew his account $1,000,000 richer. He released a 5-min teaser video this morning and will be presenting his specific lessons learned from 2013 (and the “A-Ha” game-changer…
At the halfway point of an extended sell-off in the Stock Market, what message does our “Sector Breadth” chart send and which stocks may be intraday “trend day” trading candidates? Here’s our April 7th sell-off intraday update: Just like Friday’s “Market Collapse” update where Sector Breadth was clearly negative, today’s session shows similar “collapse” parameters….
What a day this has been so far! Let’s get right to our intraday Sector Breadth update and trend day trading candidates (hint – there’s far more bearish stocks trending down today than those trending up). Here’s our SP500 Breadth Chart: A quick glance shows a huge spike (bullish money flow) into “Risk-Off” or Defensive…
I’m looking forward to a special webinar with Trader Kingdom that will take place Thursday, April 3rd at 4:30pm EST / 3:30pm CST and I hope you can join us! The webinar is entitled “Specific Strategies to Conquer Fear in your Trading” and here is the official description from the website (which includes free registration…
While the S&P 500 is breaking again to all-time highs in today’s session, let’s peek behind the price and take a look at the message from the “Big Three” Market Internals. To start, it’s a message of current caution: The straight-up march from the 1,840 support level (see my prior post “Key Inflection Support Planning…
With the trading day more than halfway complete, let’s take a look at the top intraday trending stock candidates along with our intraday Sector Breadth grid to set the stage for the remainder of the session. We’ll start with our Sector Breadth Grid: We use intraday Sector Breadth both to get a sense of the…