Like Lucy and the football with Charlie Brown – always frustrating him at the last minute – the Market fell rapidly to the rising 20 day EMA target for a third time. Will bears be able to break through it this time and kick the football? Or will buyers pull the football away from the…

We posted about a Bullish Surge in Crude Oil this morning, and we’ll now combine that with a bullish reversal into a rising range environment for Gold. What does that mean and what’s the planning levels right now? Let’s start with the hourly (intraday) chart on the left. We have Gold (@GC) falling from a…

It’s the Crude Oil Surge and Breakout! Price reversed up off a key inflection point on positive divergences to set the stage for a bullish rally. Let’s chart the course and update the levels for Crude Oil: In our weekly membership, we called for a bullish reversal up off the $45.00 pivot level as the…

Will we get our expected retracement? Let’s chart the course and update the plan for the S&P 500 right now: With price extending to a new all time high on this morning’s gap-up, we have a clear scenario. Traditional odds do favor a pullback/retracement “down away from” the upper Bollinger Band “back toward” the rising…

Almost but not quite! Chipotle (CMG) shares plunged to new lows today after failing to break resistance into a bullish breakout from support. What’s the level and what’s the play from here? After another lengthy sell-off in shares, price (buyers) found support at the $300 level recently. Positive divergences set the stage for a possible…

Surprisingly, the market can actually trade lower! Today saw a successful retracement swing – finally – toward the first target at the rising 20 day EMA. What’s the level and what’s the play from here? In an uptrend, price typically swings up to a new high (toward the upper Bollinger Band) and then swings down…

It’s right around the corner! It’s the big International Traders Expo in Las Vegas this year at the beginning of November. I’m excited to present two sessions – one workshop and a class – to the trading community. I’ll be discussing Trend Days (one of my best intraday trading strategies) with you on Friday and…

Netflix (NFLX) shares continue the uptrend in motion and we just saw a sharp pullback to a key support level. What’s the level and what’s the play from here?  Shares continue the sequence of higher highs and higher lows in the context of rising moving averages, all of which define uptrends. The goal then is…

Did you know this market will NEVER go down again? Ok that’s not actually true but let’s take a moment to scan for the Top Ten Stocks trading the largest percentage above their rising 200 day moving average. Using this simple scan, you can identify strongly trending stocks and either trade bullish retracement strategies… or…

Which of our four equity markets is the strongest/weakest and what patterns are emerging? Let’s see them and plot the possible future course: In the top left we see the @ES Emini forming a narrowing pattern or possible “Bearish Rising Wedge.” However the strongest market – continually rising – is the @YM Dow followed by…