Rally into Resistance Update and Stock Scan Jan 26

Jan 26, 2016: 3:50 PM CST

Today’s action so far completely erased the bearish action of yesterday, but price still couldn’t break to new highs.

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

As I highlighted last weekend to our Intermarket Strategy Members, we took a bearish turn going into 2016.

The 1,900 to 1,905 level is a confluence resistance zone that will serve as a bullish breakout trigger.

However, buyers haven’t been able to push the index into a breakout and thus we respect this level as our key short-term pivot (bear biased beneath; bullish for breakout if above).

Receive daily updates, planning, and education by joining the Afraid to Trade Premium Membership.

Continue Reading…

Comments Off

Jan 25 Market Update and Trending Stock Scan of the Day

Jan 25, 2016: 2:19 PM CST

The consolidation continues into the 1,900 level in the S&P 500 and we have new updates to start the week.

Let’s update our levels for the S&P 500 Index and note the big trending stocks today:

As I highlighted last weekend to our Intermarket Strategy Members, we took a bearish turn going into 2016.

Study the update which highlighted the importance of 1,900 and the likely rally building above 1,900.

Also, compare the Daily Chart with the new Weekly Chart Planning and Analysis from this morning.

We’re seeing a continuation of the importance of 1,900 and our level planning with a wider intraday range between 1,890 and 1,900 today.

Receive daily updates, planning, and education by joining the Afraid to Trade Premium Membership.

Continue Reading…

Comments Off

Start Your Week with Corey and a Live Briefing Monday

Jan 25, 2016: 11:29 AM CST

I’m excited to announce that I’ll be returning for a fifth time to join a live discussion panel with several expert traders being put on by TimingResearch today January 25th.

It’s always a fun and educational group for you so be sure to register now (free) and join us live!

Date and Time:

- Monday, January 25, 2015
- 1PM ET (10AM PT)

Guests:

- Andrew Keene of AlphaShark
- Steve Lentz
of OptionVue
- Jonathan Rose
of Active Day Trader
- Corey Rosenbloom
of AfraidToTrade.com

Moderator:

- Matthew “Whiz” Buckley of TopGunOptions

Click here to learn more and sign up!

Can’t attend?

Register now anyway in order to receive the archive recording.

Did you know that over 7,000 traders have weekly access to a unique crowd-sourced sentiment report provided by TimingResearch.com

The panel will discuss this unique sentiment data and each of the expert traders’ thoughts on coming market conditions.

Join us and you’ll become a part of TimingResearch’s massive social experiment to develop a crowd-sourced sentiment indicator.

You’ll gain an edge that is unseen by the general public.

Each week, TimingResearch surveys a large and diverse group of traders to get their thoughts about current market conditions.

Next they use proprietary formulas to distill that knowledge into a weekly report that comes out on Sunday afternoons, and publishes it for their members only.

These are fun panel events where we discuss the current markets, opportunities we’re seeing, and help you plan your trading week in advance.

Join us live this Monday, January 25th at 1:00pm EST (10:00am PST).

Thanks to David and the whole team for making this event possible for us!

Corey Continue Reading…

1 Comment

Market Breadth Update Then and Now Jan 21

Jan 21, 2016: 3:45 PM CST

What’s Breadth suggesting about the current market? And how was it extremely helpful in calling the recent top?

Let’s take a look!

First, what we’re seeing is the S&P 500 Weekly Chart with a specific Breadth Indicator.

We’re noting stocks at New 52-Week Highs (Blue), New 52-Week Lows (Red) and the Difference (Lower Panel).

Breadth is helpful to determine whether a Trend in motion is likely to Continue or Reverse.

Namely, when Breadth (stocks making new 52-week highs) consistently INCREASES with price going up, odds favor the continuity of the trend into the near future.

I highlighted two periods of Breadth Strength with Price Strength… and yes stocks continued higher.

However, the three Red Arrows on the New 52-Week High panel also showed negative divergences. Continue Reading…

1 Comment

The Top Five Best and Worst Dow Stocks So Far in 2016

Jan 21, 2016: 12:25 PM CST

With the S&P 500 falling over 11% at the beginning of 2016, which big-name stocks in the Dow Jones have beat the market… and which have lagged it?

Let’s start with the relative strength leadership (if we can call it that) so far in the bearish start to 2016:

We’re just measuring simply the price performance so far in 2016.

At the moment, no stock is positive on this scale yet Wal-Mart (WMT) is the “best of a bad start.”

Wal-Mart shares have fallen less than 1% when the other “top five” stocks have declined 2% to 3.5% as shown.

Here’s the Relative Strength Chart of Wal-Mart as we begin 2016:

Wal-Mart remains in a downtrend but there may be signs of life and a bullish reversal if this picture continues.

Price reversed off a new 52-week low in November near $56.00 per share and price has crossed above falling daily moving averages.

Other stocks showing “Relative Strength” include McDonald’s (MCD), United Health (UNH), Verizon (VZ), and Proctor and Gamble (PG).

Here’s the chart of “Relative Weakness” and there are a few big names on the list: Continue Reading…

1 Comment
 Page 5 of 722  « First  ... « 3  4  5  6  7 » ...  Last »