For intraday traders, it’s often difficult to buy a strong stock in a strong intraday trend. The minute you buy will be the minute the trend reverses, you think. However, this can be an excellent strategy for new traders to practice, particularly when trying out trading pro-trend or retracement strategies. Let’s take a look at…
With Apple (AAPL) pushing strongly through a key target resistance level (successfully achieved), let’s update our Apple levels and take a look at the “Color Value Area” targets not seen on traditional stock charts. Here’s the “Color Value Area” chart: First, take a look at the recently updated “Charting the Key Levels to Watch for…
With the market tumbling at the start of 2014 and then recently retracing higher suddenly, let’s take a look at the Sector Rotation landscape and put the sell-off and retracement phase into context. Here’s the broader 9-Chart Sector SPDR ETF Grid: For additional insights, see the prior updates: “Quick Lessons from the 2013 Sector Rotation…
It’s rare that I do affiliate mentions, but I’ve always been a fan of my colleague John Carter’s work and education (and reputation) with the trading community and I wanted to highlight his new video where he shares his experiences of why he prefers trading options, especially on ETFs. It’s an area that hasn’t received…
The big New York Traders Expo is rapidly approaching and it’s time to make travel plans if you’ve not done so already! If you’ve ever attended a previous Traders Expo, you’ll know how beneficial it is to meet fellow traders (networking), speak with trading educators, demo new products in the exhibit hall, and learn a…
I’ve referenced this in daily updates recently, but today’s session reminds us of how important the 1,770 level is for the S&P 500. Let’s strip the charts of all indicators and focus on the simple planning levels for short-term and intraday traders: For a broader perspective, please review my prior updates regarding “S&P 500 Level…
In the series of posts on “Chart Art,” let’s take a look at a confluence of Andrews Pitchfork lines into a key level for Google (GOOG) shares. We’ll use this as a focal point for additional analysis beyond the converging lines. The chart above is the combination of four Andrews Pitchfork tools using the standard…
After the recent stock market sell-off, let’s update our current “Stocks Most Extended from their 200 Day Simple Moving Average” scan list to generate potential trading ideas that other scanning techniques may miss. Here’s the Top Stocks Most Over-Extended from the 200d SMA at the moment: You’re likely familiar with three of the strong stock…
After last week’s sharp gap-down from support, Apple (AAPL) shares began an initial rally off a key support target level. Let’s update our daily Apple (AAPL) chart and note “open air” along with new key targets for a retracement… or continued breakdown if the retracement thesis fails. Here’s a “pure price” Fibonacci Confluence Chart to…
On a day where roughly 485 of the 500 S&P 500 stocks declined on the session, let’s take a quick look at these rogue names that bucked the broad selling pressure today. The following warrior stocks actually advanced on today’s 40 point rout (325 Dow Points): I arranged the stocks by Sector – note that…