Quick QuadMarket Morning Money Flow Update

Jul 23, 2015: 11:45 AM CST

Our four-market grid of broader money flow continues to show distribution for commodities amid a retracement in stocks and the US Dollar.

Let’s update our Quad-Market Money Flow Grid to start Thursday and note interesting changes:

We’re seeing the simple 30-min (intraday) chart of the S&P 500 (@ES), Gold (@GC), Crude Oil (@CL), and the US Dollar Index (@DX).

This is the quad-market grid I reference to note money flow among stocks, commodities, and the Dollar – all of which are related.

Quick Updates…

The @ES continued a short-squeeze rally up to the prior high – a target – and is now retracing logically;

@GC (Gold) continues a strong distribution/liquidation swing and just broke under the $1,100 key target;

@CL (Oil) similarly experienced strong distribution along with gold and just broke the $50.00 level to new lows;

@DX (Dollar) rallied along with stocks and now is pulling back (like stocks) from the $98.00 target level.

We discuss additional targets and opportunities to Afraid to Trade members.

For now, let’s step up to the Daily Chart (color structure grid) for the broader picture:

Continue Reading…

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July 22 Market Update AAPL Gap and Daily Stock Scan

Jul 22, 2015: 2:04 PM CST

So far, we’re seeing a repeat of yesterday’s morning weakness, afternoon stability, and rally into the close.

Let’s scratch the surface and look beyond the headlines to what’s trending today:

Apple (AAPL) was the big headline news item today with a large downside gap into support.

Nonetheless, the broader market continued its logical sell-swing retracement (see yesterday’s morning update) toward the current 2,110 index level.

Like yesterday afternoon, we’re seeing positive divergences into this level ahead of potential afternoon strength.

Follow along with members for more precise daily planning, analysis, and education.

Continue Reading…

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July 21 Stock Scan and Sell Swing Market Update

Jul 21, 2015: 1:43 PM CST

The logical and expected sell-swing (retracement) developed against a background of resistance and divergences.

However, we’re bouncing up off a support level at the moment, so let’s update our key levels and stocks in play.

Let’s scratch the surface and look beyond the headlines to what’s trending today:

For a bit more context than the chart above, be sure to see this morning’s update on the “Retracement in the @YM and @ES” levels.

For the moment, monitor the positive divergence bounce up away from the 2,115 level.

There’s a great educational example in planning and divergences with today’s bearish outcome.

Follow along with members for more precise daily planning, analysis, and education.

Continue Reading…

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Finally a Pullback – Charting ES and YM Stock Futures

Jul 21, 2015: 10:34 AM CST

Is this the pullback we’ve been waiting for?

Let’s do a quick morning update of the S&P “e-mini” and Dow Jones mini futures (@ES and @YM) with an emphasis on the divergences into resistance, and new support targets to play for.

Here’s the S&P 500 and expected pullback underway:

In terms of the S&P 500, we have a straight-up rally into price resistance at the prior highs near 2,135.

The two days of reversal candles – and intraday negative divergences – argued for greater odds of a pullback (retracement) down away from the highs as opposed to a continuation swing (breakout) higher.

In fact, as I highlighted to members last night:

“The [expectation] is the textbook, logical, historical technical analysis probability which would simply have us taking profits and getting ready for a short-sell/bearish swing down away from the 2,120 level [in the @ES Futures].”

So far, that’s precisely what we’re seeing this morning as we view the @ES Futures Chart below: Continue Reading…

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July 20 Bull Market Continues Market Update and Stock Scan

Jul 20, 2015: 1:51 PM CST

The short-squeeze and bullish price surge continues in the stock market at the same time gold collapsed to the $1,100 target level.

Let’s scratch the surface and look beyond the headlines to what’s trending today:

The intraday uptrend continued with price breaking through toward the 2,130 target level on a possible journey toward fresh new all-time highs (which have already been achieved in the NASDAQ Index).

Ultimately we focus on the uptrend and intraday moving averages as spots to buy retracements into this ongoing short-squeeze bullish movement.

See this morning’s update on Apple (AAPL) with respect to the Bear Trap and Bullish Pathway.

Love it or hate it, this bull market simply continues indefinitely into a new key level – the 2,130/2,135 pivot.

Follow along with members for more precise daily planning, analysis, and education.

Continue Reading…

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