Gold surprised both bulls and bears with high volatility and “gappy” price movement this week. Let’s put the rapid price action in a bigger context and highlight what to do about it. Here’s Gold “Gone Wild” on the 15-min intraday chart: On the intraday chart, we see gold downtrending from the $1,85 level (early December)…
What’s going on with Apple (AAPL)? This week shares broke a key trendline support level, breaking out of a triangle pattern and giving us yet another sell-short (or sell) signal in an ongoing and confirmed new downtrend. Let’s take a look at what’s going on and what the short-term future may be for this once…
Southwestern Energy (SWN) gives us a textbook example of the cycles a stock goes through from beginning to end. It’s part of the “Life Cycle” of a stock move, and we have few examples better than this one. Let’s highlight the progression from Accumulation through Realization to Distribution and back to where we started over…
What “Wall of Ribbon Resistance” must the stock market clear? Let’s update our special “Color Ribbon” Chart of the S&P 500 and note the overhead wall of resistance. Here’s the S&P 500 “Color Ribbon” Grid: The chart above plots the current S&P 500 with multiple moving averages of three colors: Short-term (blue), Intermediate Term (green),…
How have stocks performed over the last 15 years in environments of both rising AND falling interest rates? It’s a critically important question to ask as the Fed prepares to raise interest rates for the first time in 9 years. Let’s quickly chart the Fed Funds Rate and the S&P 500 together – you’re in…
Uptrending Stock JetBlue (JBLU) broke under a key support level today, triggering an opportunity for traders. What’s the trading opportunity and target with the breakdown? Let’s check it out! JetBlue Airways (JBLU) continued a very strong trend through 2015, retracing twice into June and August. September to December saw a sideways trading range (consolidation) that…
As stocks threaten to trade lower, let’s highlight the four weak (downtrending) Dow Jones stocks at fresh new trending lows. These stocks remind us why it’s better to trade WITH a trend as opposed to fighting it (playing reversals). In addition, these serve as possible candidates for short-selling retracements or additional breakdowns should these strong…
Today gives us another uptrending session (so far) for stocks as price bounces from the 2,040 pivot. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. Buyers reversed the…
That was a BIG reversal! Stocks initially traded higher this morning, only to reverse powerfully lower mid-day. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. We’re still in…
What levels and targets are important for traders on the S&P 500? Let’s update our charts and take a closer look: With the exception of the late 2015 Collapse and Instant Recovery, price has remained trapped within the “Great Rectangle of 2015” between 2,040 and 2,120. The Midpoint Magnet Level (yellow) of this Great Rectangle…