With Election Day Tuesday and the market at a pivot point that determines how we play the next swing, I thought it would be a good opportunity to look at the outcome going toward December of the past three US Presidential Elections. Let’s start with the outcome of 2000 and move forward to today’s structure:…
What are the key Daily Chart levels in the S&P 500 and Dow Jones Industrial index and – taking it one step further – what does the current swing structure suggest about the next move? Let’s update the Daily Charts and Intraday Structure Charts for these indexes, starting with the S&P 500: A quick look…
In last week’s post on Gold’s chart, I highlighted the breakdown and new momentum lows which suggested a deeper retracement toward the $1,700 to $1,720 targets. With gold achieving those downside targets this week, let’s take a look at the current key levels and note the levels to target on the upside if support holds,…
Is the market setting up for another period of high volatility? Let’s take a look at three price-based volatility indicators and see what they suggest about the current S&P 500. The chart above shows the Daily S&P 500 with the following price-based volatility indicators: ATR (Average True Range) which measures the daily high-low range, Bollinger…
What’s going on in Gold and what levels are most important to watch for clues? Let’s take a quick look at the Daily Chart then drop to the intraday frame to get a sense of the key levels and trend structure. After two confirmed breakouts (one from the two-month triangle and the other above the…
What is the current “Market Structure” and why will the next swing be so important to determine the trend structure for the “Big 3” US Stock Market Indexes? Let’s take a look at core market structure and what the next price swing will reveal with regard to a bearish reversal or bullish trend continuation. Here’s…
We’re seeing a bit of price pattern repetition in Apple’ s (AAPL) stock chart so let’s take a quick look at the recent and current retracements to see what levels to watch at the moment. First, here’s the broader Weekly Chart picture of the ongoing trend: After a stellar rally and breakout above the $425…
If you are an intraday trader, what do you think about intraday Trend Days? While some traders can’t wait for a trend day to develop, others fight the emerging trend all day long and wind up with repeated losing trades and losses. What is a Trend Day and how do we recognize it early and…
If you are an intraday trader and use the NYSE (or related) TICK indicator in your trading decisions, it’s very important to calibrate important TICK Levels with respect to volatility. In simple terms, a TICK Value of 1,000 means different things during periods of high or low broad market volatility, and you can easily make…
What does the intermarket picture show in terms of current money flow to Risk-On or Risk-Off Markets? Let’s take a quick look as we end September 2012 and the third quarter: The chart above shows three “Risk-On” Markets (Stocks, Gold, and Crude Oil) juxtaposed with two “Risk-Off” Markets (10-Year Treasury Note Price and the US…