Rounded Arc Forming on NASDAQ Index
Those who know me know that one of my favorite price patterns is the “Rounded Reversal” or “Rounded Arc” pattern, one of which is forming clearly now on the NASDAQ Index. Let’s take a look.
Technician Edge: Sector Returns YTD and from Feb Bottom
Today’s Technician’s Edge column at the GreenFaucet.com website focuses on the “Sector Rotation” model insights from the nine major Sector SPDRs. Simply entitled, “Sector Rotation/Returns Performance from February Bottom and Year-to-Date,” I take a look at both timeframes and what the message is from the sector rotation model – hint: it’s bullish as you might…
Tight Range Change in Google GOOG Mar 29
I’ve heard a few traders complaining about the range compression intraday in Google and thought I would give that a look – indeed, we’ve had a strange and lengthy (in day trader’s terms) consolidation in price, which sets the stage for a range breakout play ahead.
Update and Breakout in India Nifty 50 Index
Thank you to all the readers who have requested that I do occasional update posts regarding India’s “Nifty 50” stock market index.
There’s actually a new ETF now that allows investment/trading in the Index, and it trades under the symbol INDY, which I will be showing in a chart to highlight a potential major breakout that is occurring this morning.
Without further delay, let’s take a look at the weekly and daily structure of India’s “Nifty 50” and then the INDY for a potential major breakout… if it holds.
Indicators the Disciplined Investor is Watching March 29
It’s Monday morning, and that means it’s time for another “Indicators the Disciplined Investor is Watching” post to start our week from Andrew Horowitz – with this week’s update being titled: “Banking Index Flashes Gravestone Doji” Andrew starts the update by discussing “junk” high-yield bonds and then moves to discuss the Baltic Dry Index. In…
Video Update: Will the Dollar Continue Rallying?
Adam Hewison of the Market Club recently released one of his quick update videos, this time on the strength in the Dollar Index, entitled, “Will the Dollar Index Extend its Rally?” I have a tendency to overcomplicate the charts at times, so I often enjoy Adam’s simple take on the markets in a video format….
A Comparison of Recent “Unprecedented” Rallies in the Dow Jones
You may have been hearing commentaries about the “unprecedented” rally we’re experiencing that doesn’t seem to want to peak any time soon.
I thought it would be a good idea to look back on recent rallies from 1995 forward – using the Dow Jones as a proxy – and compare prior “non-stop” market rallies to the current rally phase off the March 2009 low.
While not earth-shattering, the charts did turn up some interesting observations. Let’s see them.
Rounded Reversal, Dual Divergence, and Trendline Breaks SPY Intraday Mar 25
Wshew! The day’s not yet over, and we’ve already had a ‘dual negative divergence,’ Rounded Reversal, trendline fake-out, and a potential ascending triangle forming.
Let’s take a quick look at these set-ups and how they played out, along with where we are right now.
Trader Interviews Strategies of a Successful Swing Trader Interview Posted
Tim Bourquin of Trader Interviews.com released a fresh, new interview entitled “Strategies of a Successful Swing Trader.” The 60-min interview covers some of Trader Evan’s specific rules and observations on execution and trade management, including what methods and indicators help pin-point opportunities. With permission, Tim allowed me to provide a brief clip of the full…
Pure Price Trendline Look at the Recent SP500 Rally Boundaries and Feedback Loop
I often advocate pulling all the indicators off the charts – at least for a few minutes – and taking a ‘price purism’ look at any major price move.
This can give you clarity that others miss, especially if they are caught up in viewing what all sorts of indicators are saying. Indicators are important, but it’s helpful to assess the ‘character’ or structure of the market, which can be obscured by lines and oscillators.