Link: Market Update and Education with Bennett McDowell

Dec 3, 2014: 1:55 PM CST

I wanted to support my colleague and friend Bennett McDowell of as he is offering a free market update/commentary as well as an educational webinar opportunity this Thursday.

Bennett is well-known and respected in the industry – he also is the Wednesday Morning Market Briefing speaker with TradeStation (following me on Tuesday mornings).

He’s providing a free market update highlighting where the S&P 500, Dow Jones, and other markets may be heading according to his analysis (and he provides a brief overview of his methods and software).

In the report, Bennett highlights his “Probability Matrix” and discusses his “Trust but Verify” strategy for monitoring price trends and spotting current opportunities.

It’s a chance to get a different perspective to plan your strategies for year-end and into 2015.

As you click over to download the report, don’t let Steve Nison surprise you as he recorded brief introduction video!

Also, he is offering a live webinar this Thursday, December 4th to continue sharing market insights and demonstrate how he forms his analysis using his indicators and methods.

I’m excited for this opportunity and glad Bennett is sharing this information with the trading community.

I hope to see you there!


Continue Reading…


December 3 Rally Continues Market Update and Stock Scan

Dec 3, 2014: 1:50 PM CST

Monday indeed was the end of the pullback and short-lived victory for the bears.

Now, our strategies shift toward the “will the market break through to all-time highs or stall into resistance” logic.

Let’s update our mid-day information and highlight our trending stock candidates for today’s session.

The V-Spike Reversal occurred at the beginning of December off the 2,050 level and the S&P 500 index traded in another rising parallel trendline channel to the current 2,070 level.

We’re interacting here and getting ready to trade another bullish breakout above the All-Time High Line near 2,074/2,075 or else play cautiously within the 5 point range between 2,070 and 2,075.

The only acceptable bearish plays would trigger under the 2,070 level.

Continue Reading…


December 2 Bullish Update and Stock Scan

Dec 2, 2014: 3:25 PM CST

Yesterday seems to be all the pullback bears get.

Buyers stepped back in as bears stepped out with another financially losing short-squeeze against them.

For the set-up and now the real-time resolution, be sure to see yesterday’s post for key target levels to “plan the pullback.”

Let’s update our mid-day information and highlight our trending stock candidates for today’s session.

It feels like the bearish side will never again win the supply/demand battle; they continue to push price higher with their collective stop-losses (buy-back to cover) when triggered at higher levels.

Nevertheless, we highlighted the 2,050 level as a possible inflection zone and that’s exactly what happened – despite all logic and evidence for a steeper pullback.

And now we await the close of today’s session to highlight the resistance into 2,070 as we set-up tomorrow’s strategies.

Continue Reading…


Specific Scanning for Dow Stocks at New Trending Highs

Dec 2, 2014: 11:17 AM CST

Sometimes the simplest scans work better than complex methods, especially in a trending market like this.

The thesis is “What is strong tends to get stronger” and these stocks may yet still deliver additional upside gains.

Let’s highlight our “Top Trending” Dow 30 Stocks and note the sectors from which these names emerge.

We’ll start first with our TECHNOLOGY (higher beta) names:

Strong trender Microsoft (MSFT) joins Cisco (CSCO) and Intel (INTC), both of which have experienced a huge burst of buying activity that thrust them straight into the spotlight.

Next, we’ll get a broader mix with a cross-section of RETAIL or consumer-driven companies:

We have a broader mix of retail names that include Disney (DIS), Home Depot (HD), and Coca-Cola (KO).

Note the strong burst of strength – similar to CSCO and INTC – that developed recently in Nike (NKE), Wal-Mart (WMT), and MMM. Continue Reading…


December 1 Update and Stock Scan from Pullback

Dec 1, 2014: 1:42 PM CST

Finally, bears get the pullback they’ve been eager to see.

The question is, how low will price go and when will buyers step back in?  See this morning’s post for key target levels to “plan the pullback.”

Let’s update our mid-day information and highlight our trending stock candidates for today’s session.

Would you believe me if I told you that the 2,050 level may be all the bulls give up?  It’s possible, but unlikely.

We’re seeing an intraday bullish reversal and strength flood back into the market off the 2,050 target level.

Keep in mind that 2,040 is a daily chart moving average target, along with prior lows from mid-November. Continue Reading…

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