One of the lesser-known ways to measure breadth -broader stock participation in market rallies or declines – is to compare the percentage of stocks trading above certain moving averages to get a peek inside the health (or weakness) of a market rally in motion. Let’s create a new “Breadth” Chart using a key indicator that…
A quick chart of the four main US Equity Markets – as seen through tradable futures contracts – shows our relative strength leader and laggard market. Which market broke decisively to new highs? Which is so near an all-time high you can taste it? And which two indexes are struggling to reach their former glory…
As we get the second week in December 2013 underway, let’s quickly update our readings on Market Internals, key levels, and what they reveal about the current picture of price action. Here’s the S&P 500 with index-specific Breadth (Advancers – Decliners in the S&P 500): We can start with the broader perspective from mid-November to…
I continue to emphasize the theme of “Strong Stocks Getting Stronger,” particularly for position and swing trading candidates, and Hershey’s (HSY) adds another layer to the saga. Hershey is a stealthy strong stock that doesn’t generate as many headlines as other high-flying stock names, even though we’ve all (I’d assume) heard of The Hershey Company…
I’m excited about tomorrow’s live webinar “Trading Breakouts, Retracements, and Reversals” which I’ll be presenting as part of the eTrading Expo tomorrow. My scheduled webinar takes place Thursday, December 5th at 10:00am PST / 1:00pm EST and we’ll be discussing as much as possible about these three core set-ups as time allows. Here’s the information…
If you had to guess which stock was stronger recently, would you pick Yahoo! (YHOO) or Google (GOOG)? Remember Google (GOOG) broke to all-time highs above $1,000 per share – it must be stronger, right? There’s a simple way to answer that question that takes the guesswork out of the equation. Let’s objectively see which…
Crude Oil faced a major “make or break” support reversal challenge and buyers clearly stepped in at this pivotal inflection level. Let’s take a look at what happened and update the current targeting levels for Crude Oil: The critical support/inflection level (mentioned frequently to Weekly Intermarket Strategy Members) intersected the $92.00/$92.50 level. The support stretches…
Strongly trending stock Amazon.com (AMZN) is currently pulling back in retracement mode after six straight days of upside gains. Let’s take a look at the current pullback, note key target levels, and plan for contingencies if the strong trend resumes before downside trading targets are achieved. In the context of pro-trending stocks, especially those “strong…
As we start December and eventually wind down 2013, let’s take a longer term look at Breadth and what it’s suggesting about the strong rally in motion. We’ll start with a longer-term picture from the start of the 2009 Bull Market to the present peak(s): We see the Dow Jones Industrial Average (top) and a…
If you’ve been on vacation this holiday week, you may have missed the strong Apple (AAPL) bull flag breakout and upward impulse into a known Fibonacci Target. Let’s quickly update our Apple chart and see these two important chart-based developments: I’ve been highlighting the “Rounded Reversal,” Saucer, Accumulation Pattern (whatever term you prefer to use)…