Amazon.com (AMZN) shares found support into a key target level and now we’re charting a rally up after the recent sharp sell-off event. Let’s zoom-in on the support level, update the daily chart, and plan the short-term levels to watch for now: The key inflection support level for Amazon (AMZN) shares is the $345 level. …
As is our new custom, let’s take a look at the mid-day scan for “Top Trending” Stocks that provide potential Trend Day continuation opportunities, or aggressive reversals. Either way, these stocks show up on our custom stock screen list of showing a high degree of Intraday Trend for additional study (and even swing trading opportunities):…
I wanted to post a quick reminder that John Carter will be presenting a follow-up webinar tonight (Tuesday, February 25th at 8:00pm EST) with additional trade examples and lessons regarding the “Big Trade,” or dissecting chart and indicator patterns that preceded big “squeeze” or breakout movements. You’ll also be able to view the full 90-minute…
We tend to focus on “Strong Stocks Getting Stronger” for potential swing trading candidates to trade (or hold), and a reader recently brought Gilead Sciences (GILD) to my attention. Let’s take a look at the trend structure (a beautiful “arc” pattern), learn a few trading lessons, and discuss the current chart landscape for strong stock…
We’ve seen clear relative strength in gold prices over the last week. Let’s take a look at the current Daily and Weekly Chart structure and highlight the key reference levels for trade planning. We’ll start with Gold’s Weekly Chart: We’ll start with a possible “Double Bottom” Chart Pattern that developed off the $1,200 per ounce…
Which stocks made the list of the “Top Intraday Trend Day Trading Stocks” (both up and down) for February 24th? Let’s start with the strongest intraday uptrenders mid-day: Once again, Cummins Inc (CMI) makes the list of top intraday trenders. To refresh, it made the list on February 21st as well as the February 13th…
What did our intraday scan reveal as the top “Trenders” so far mid-day February 21st? And will these stocks continue to develop a Trend Day structure into the close? Let’s take a look at our “Top Uptrenders” of the Day so far: Cummins (CMI) returns to the “Top Trender” list – it first appeared on…
A clear short-term trend has developed on the Intermarket or Cross-Market Money flow perspective. Let’s take a quick look at the recent activity and compare movement in key markets: A quick four-grid format allows us to compare and contrast money movement in US Equities (@ES Futures for the S&P 500 index), two commodity markets (Gold…
What are Market Internals revealing about the structure of the market as it trades just shy of all-time highs? Let’s take a look at the “Big Three” Intraday Market Internals to hear their message: We compare Market Internals with corresponding price highs and lows. Note the positive “triple” divergence on the new price low of…
With today’s mid-day scan for the top uptrending and downtrending intraday stocks in play, one name makes the list for a second day in a row. Let’s update our mid-day “Top Intraday Uptrending” Stock Scan for February 20: Our top names for the intraday trend opportunities include Citrix Systems (CTXS), Public Service Enterprises (PEG), Williams…