Tuesday’s off to a horrific start for the bulls as the indexes are down over 3% mid-day. Let’s see this in the broader context of the S&P 500’s Daily Chart and overlay a possible Elliott Wave Count complete with terminal projection and proposed pathway. S&P 500: This is my preferred count for the moment, which…
With a new week upon us and the broader markets finely balanced between key inflection points, I thought it might be a good idea to take a longer-term view, using Elliott Wave, on the US Dollar Index. US Dollar Monthly: (You’ll need to click for a larger view) I’ve fractalized the count starting back with…
Who saw this coming?! Video/DVD by mail company Netflix (NFLX) is just over $2.00 away from challenging an all-time high at $40.90. Let’s take a look at the Weekly and Daily charts to see just how this happened and overlay a possible Elliott Wave Count. Netflix (NFLX) Weekly: Look beyond the strange numbers and letters…
Since all eyes seem to be on the Financial Stocks, let’s take a brief look at the XLF Financial Sector SPDR to see if we can gather any clues from its technical structure. XLF Financial SPDR: (Click to Zoom-in on a larger than normal chart) One of the first things we notice is the power…
I’ve had a number of readers ask me for my settings or style on StockCharts and I posted one article entitled “How I Set-Up My Charts” but I wanted to go over it again and provide a predefined chart link to make it even easier. Clicking the S&P 500 chart below should take you to…
Seems like this week I spent a good deal of time discussing Gold and Crude Oil this week, so let’s look at a related market that normally trades inverse these commodities – The US Dollar Index. It might give us clues as for what to expect in these markets. US Dollar Index Daily: I wish…
What a day Thursday’s trading was! It seemed all hope was lost for the bulls until the last hour. Let’s dig a little deeper to see some patterns you might have overlooked, including a rare fractal (double) Bear Flag and a “Three Push” Pattern. DIA 5-min chart: Again, what a day. Thanks to the end-of-day…
Seems that a lot of stocks are making possible rounded reversal patterns – Apple (AAPL) is no exception. We’ll soon know if these patterns are acutal reversals… or massive bull traps. Let’s look at Apple’s daily chart – if it is to mount a reversal to the upside, it will do so off current levels. …
Research in Motion (RIMM) recently completed a Rounded Reversal pattern on the Daily Chart, though with this week’s earnings gap, the stock has broken through EMA support. Let’s see the pattern and its resolution. RIMM Daily: The Rounded Reversal is a calm, interesting pattern that expects a stable shift from sellers to buyers as price…
It’s time again for the quick mid-week update from the Editor of the NewsFlashr Business Blogs section: Barry Ritholtz provides two quick image posts that show us the “Word Cloud Map” of Secretary Geithner’s speech and then links to an image of the Economic Stimulus Plan Mapped Out. Mish discusses the recent government activity and…