One of my favorite short-term trading (breakout) patterns is the “EMA Squeeze” or “EMA Compression” Play. Priceline shares (PCLN) are forming one of these rare but tradable patterns on the Daily Chart so let’s take a look, set up parameters, and study the lesson from the future outcome. Here’s the Daily Chart broader picture in…
One of the main principles of Technical Analysis is tha t”trends, once established, have greater odds of continuing than of reversing.” Recent price activity in Corn, Oat, and Wheat provide evidence of this concept, and even if you don’t trade these markets, it’s a good idea to take a look at the recent “violent” price…
In a follow-up to yesterday’s “Color-Charting the S&P 500 Trend Structure with 100 week Moving Average,” I received a few suggestions to normalize the chart using percentage terms – and that’s an excellent idea. Let’s take a look not just at the recent bull/bear trend structure and percentage performance of the S&P 500 to its…
Did you know that the price distance above the 100 week Simple Moving Average (SMA) for the S&P 500 just reached the highest value (most overextended) of all time, exceeding the stellar peak during the Tech Bubble Boom? Indeed – it’s true. Let’s take a look at a Color Chart of the recent S&P 500…
Wynn Resorts (WYNN) remains a stellar example of our “Strong Stocks Getting Stronger” swing trading strategy as shares cleared the $200 per share barrier. Let’s take a look at the stock and pay close attention to the famous “Parabolic Arc” or “Arc Trendline” structure developing on the Weekly Chart: A “pure price” chart overview clearly…
Following up from prior research “Research on Buying or Fading Breakouts from the Keltner Channel,” let’s take a different perspective and view the S&P 500 from the perspective of a longer-term Keltner Channel indicator. Here’s the S&P 500 with an expanded Keltner Channel (ATR) Band: While the standard Keltner Channel indicator calculates and displays two…
There’s a key support confluence price level to watch now in Apple (AAPL) on the short-term frame. Let’s take a look at this reference level and plan contingencies for whether this key level holds (as is the case this morning) or else fails. For now, the focal point is the $536 level which has developed…
While 2013 was a stellar year for the US Equity Market, we continued to see salient trends in relative strength (or weakness) in the nine major market sectors. Let’s take a quick look at the 2013 performance and glean a few quick insights from sector trends and stock selection (specifically, is it better to stick…
If we just view 2013 in isolation, we would say that it was a stellar year for the US Equity Market and indeed it was. However, the picture is both fantastic and frightening if we step back to a larger perspective from 2009 to present. We see a clear “Equity Arc” and compression in volatility…
Let’s take a quick holiday week peek under the bullish price action to view the end-of-year message from current S&P 500 Market Internals. We’ll take the chart step-by-step. We focus on price action – particularly key levels – for structure, targets, trade-planning, and trade management. After the Federal Reserve’s December ‘surprise’ (see prior posts: “Comparing…