India’s “Nifty 50” Stock Market Index recently bounced sharply from a critical weekly support level, but not before triggering a Bear Trap outcome beneath the support level. Let’s start with the Weekly Chart critical planning level and move to the Daily Chart for additional analysis and planning. From the weekly chart above, we can clearly…
As August winds to a close, let’s take a quick look at a key chart-based support or inflection level for shares of Google (GOOG) both on a Daily and Weekly planning chart. We’ll start with the Daily Chart which highlights the key inflection point best: After a “Cradle” Sell Trade into the cross-under of the…
August 27th’s intraday trading session gave us a great example of early recognition and trading tactics on Trend Days as they develop. Let’s take a brief moment to learn the lessons from this textbook trend day session which extends the educational reference archive post “21 Posts on Trend Days.” 5-min @ES E-mini ‘trend day’ basic…
It doesn’t take long for the cross-market landscape to react to a major news event, and that’s certainly what happened over the last few hours. Let’s take a quick end-of-day overview to assess what’s happened and where money’s flowing in the aftermath of escalating Middle East tension. We’ll start with the pure futures chart overview:…
I wanted to highlight new research from one of my colleagues Scott Andrews of Master the Gap where he shares his most recent studies on gaps in Crude Oil. Scott is most known for his extensive research and analysis regarding opening gaps in the US Equity ETFs and Futures markets, but he recently expanded his…
In a follow-up to this morning’s “Planning the Daily and Weekly S&P 500 Chart,” let’s add a quick glance at the current state of ETF relative performance to highlight the two top and two bottom Sector ETFs in terms of performance. Here’s the broader picture chart (click to enlarge): The purpose of this chart is…
To get our week started, let’s take a quick overview of the Weekly Chart (showing no resistance) and the Daily Chart (showing a key level on which to focus) as we plan for potential outcomes for the week ahead. We’ll start with the picture on the Weekly Chart which shows bullish strength: First and foremost,…
In the trading and investment landscape, stocks that are initially strong tend to get stronger over time. GameStop (GME) shares continue to show a powerful example of this statement with today’s gap-up and breakout event. Let’s take a look at what brought us here and then study prior highs with structure on the Weekly Chart…
One of my favorite set-ups takes into account a visual intraday divergence into a known higher timeframe key support or inflection level. That’s what happened this morning – as I highlighted in yesterday’s planning post – and it has resulted in a stellar rally and great real-world educational example. Let’s step inside the market this…
If you follow Cross-Market analysis or Intermarket Analysis, you may have noticed a subtle shift or bend in current relationships in 2013. Let’s take a look at the recent shift, note what’s happened, and then peek at the broader picture of cross-market money flow in 2013. For a reference, we’re seeing the leading ETFs (Exchange…