A Lesson on Intraday Triangles and Divergences
The current S&P 500 60-minute structure (and SPY) give us valuable lessons in two ascending triangle breaks and multi-swing divergences. Let’s see what we can learn from this chart.
A Quick Daily Look at Google GOOG and Intel INTC
With Google (GOOG) announcing earnings that ‘disappointed’ Thursday night and Intel’s (INTC) earnings earlier in the week surprised, let’s take a quick look as of July 17th at these two market moving stocks.
NASDAQ Hits New High for the Year
I almost let this bit of news slip me by! The NASDAQ Index crested above its June high today, creating a fresh new high for 2009. As strength in the Technology Index can foreshadow strength in the broader market, this is definitely worth a second look. Without going into too much detail, I mainly wanted…
The Harley HOG Breakout July 16
Many traders might be missing the recent breakout in motorcycle retailer Harley Davidson (HOG). Let’s take a look at Harley Davidson’s chart past and see the recent price breakout which resembles a flag formation.
NewsFlashr Business Blog Update July 15
Here is this week’s “Editor’s Picks” from the NewsFlashr Business/Investing Blog section! Dr. Steenbarger of TraderFeed shares his insights on the “Three Mistakes [he] Sees Most Traders Making.” Are you making one of them? Trader’s Narrative shares graphs and thoughts on the 18 Year Stock and Commodity Market Cycles. The Disciplined Investor interviews Frank Curzio…
Dow Daily Structure July 15th
I’ve tended to focus a lot of my analysis on the S&P 500, but let’s take a step back to look at the Dow Jones Index for possible clues and an interesting pattern that *could* be forming on the daily chart.
Hewsion Video Describes What’s Next for Dollar-Yen
While I typically look at the US Dollar Index, the best way to measure up the strength of the Dollar is in relationship to specific currencies, instead of the basket index. In his most recent video, Adam Hewison takes a look at the longer-term relationship and price structure of the Dollar-Yen FOREX Cross (USD-JPY) and…
Now That’s Support! July 13th SP500
Bulls managed to defend the 875 level both last week and Monday morning, which is an absolutely CRITICAL level for them to hold – a solid close beneath that level will trigger a massive sell signal… but we’re not there yet.
Price bounced off the ‘demarcation line’ of 875 as well as the 200 day SMA and last weeks’ “Tri-Star” doji pattern. Let’s see it all.
Corey to Present Webinar Wednesday on Momentum, TICK, and Divergences
This Wednesday July 15th at 4:30 EST, 3:30 CST, I will be presenting a Webinar entitled “Best Trades Using Structure, TICK, and Momentum Insights” which is sponsored by FuturePath Trading (www.futurepathtrading.com) and Linda Bradford Raschke (www.lbrgroup.com). I will begin with explaining the principle “Momentum Precedes Price” and describe how the *concept* of momentum impulses can…
Inside the Daily Chart of Crude Oil July 12
Crude Oil has fallen sharply from its recent peak near $75 per barrel. Let’s take a quick look at the daily chart to see a possible Elliott Wave count as well as note a key Fibonacci area to watch.