If you’re a close follower of the main US Equity Indexes, you probably noticed a visual shift in leadership or the ongoing “relative strength” relationship. Let’s take a quick look at what’s shifted and what it may mean for the broader market at this critical juncture: When comparing Relative Strength, we often start with a…
If you missed last week’s “Reading the Message from the Market” webinar, be sure to view the replay free without registration available at Andrew Horowitz’s “Trigger Charts” video archive page. The image above links you directly to the video replay, as does this link: “Reading the Message of the Market with Corey and Andrew.” As…
What message are Market Internals sending while we’re experiencing a sharp sell-off in the broader equity indexes? Let’s take a look at the S&P 500 with the “Big Three” Market Internals: We tend to look to Market Internals both as a Confirming Variable (note the yellow highlight) where price AND internals both rise together (it…
With today’s sell-off in motion, let’s step our perspective up to the higher frame and note the dominant trendline in play. What happens here could easily determine our game-plan for swing trading and over multiple intraday “day” trading sessions in the market. We’ll start with a “pure price and trendline” view of the @ES Futures:…
It’s been a while since we updated the “S&P 500 Sigma Band” Chart, so let’s take a quick glance at what the volatility/range indicator is saying to us currently. What we’re seeing on the S&P 500 Chart above is an expanded Bollinger Band Indicator. The traditional Bollinger Band or “Standard Deviation Band” indicator reveals two…
Chipotle Mexican Grill (CMG) continues to be a key example of a strong stock getting stronger, reminding us how important relative strength is when selecting trading candidates. Let’s update Chipotle’s Chart from the prior “CMG Breakout, Earnings, and Persistent Rallies” post which detailed the stock’s advance and the concept of “strong getting stronger.” The volume…
Please accept my personal invitation to join me and the many traders who will be attending the upcoming Las Vegas Traders Expo from November 20 to 23rd at Caesar’s Palace! I’m honored to be among the 100 speakers who will be presenting educational topics – well over 100 workshops – at the Expo. You’ll have…
One consequence of the recent strength in the US Dollar Index is the Euro’s steep retracement, which similarly declined sharply from its upper target level. Let’s focus our attention on the key inflection level and potential bounce off a critical support level for the Euro (EURUSD FOREX pair): We’ll start with the Daily Chart and…
As a follow-up post to Wednesday’s “Risk-Off Money Flow in Reaction to the Federal Reserve,” let’s take a snapshot of the current “cross-market” money flow to see that indeed a sudden “Risk Off” play developed in the aftermath of the Fed announcement. The chart above shows ETFs as representatives of the broader markets of US…
Let’s take a quick look at a “Volume at Price” Chart of Apple (AAPL) to study the breakout and prior high-volume value areas which may come into play as we begin November. This is a special way to combine Price with Volume to highlight areas of “Value” or price acceptance. Starting with the highlighted regions,…