Gold GLD Goes Down Again – Charting the New Key Levels

With Gold resuming its primary downtrend, a sell-swing provided a great short-selling opportunity. However, Gold (and GLD) successfully achieved a key short-term support target. Let’s update our Daily Gold (GLD) Charts and pinpoint this key planning level: Gold is in a Primary and Intermediate (Monthly and Weekly Chart) Downtrend and we’re seeing a counter-trend retracement…

Has Chipotle CMG Become Too Risky to Trade? How to View Volatility

I’ve been asking myself “Is Chipotle (CMG) no longer a valid trading candidate because of higher random volatility and overnight gaps?” Let’s answer this question with facts and data – and learn a lesson in how to chart volatility and determine your comfort level. Here’s the current Daily Chart with Intraday Range plotted: What we’re…

Oct 29 Choppy Range at the Highs Update and Stock Scan

Following a post-Federal Reserve rally, stocks consolidated at the highs during today’s session. Let’s update our levels for the S&P 500 Index: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. With the Fed not raising rates as was overwhelmingly expected, stocks fell then stabbed…

What Levels are Important for Apple AAPL ahead of Earnings?

Apple (AAPL) reports earnings after market close Tuesday, so let’s take a look at the current key price levels, note the trend, and update potential targets that could come into play this week or beyond. We’ll start with the Weekly Chart structure: Apple shares enjoyed a strong and persistent uptrend since the mid-2013 reversal low…

Oct 26 Flat Market Update with Big Trending Stock Scan

Today’s session is a low volatility compression Range Day in the S&P 500, but there are trending stocks to play. Let’s update our levels for the S&P 500 Index: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. With Friday’s breakout surge above the 2,060…