The broader consolidation continued as price reversed strongly off support this morning. What levels are we focusing on now? Let’s see! First, be sure to view Monday’s “Thrilling, Non-Stop, Exciting Trading Range of 2015” for context. We have an update THIS Monday of more of the same: “Yes, We’re STILL In the Trading Range.” A…
We begin the new week at the midpoint of our broader trading range rectangle in the S&P 500. In fact, we’re seeing a short-term Triangle within a larger Rectangle – a deep consolidation. Let’s update our charts and note these new developments… within the exact same levels. First, please take a look at LAST Monday’s…
After a volatile Wednesday, stock prices settled into a welcome trading range consolidation to end the week. What levels are we focusing on now? Let’s see! First, be sure to view Monday’s “Thrilling, Non-Stop, Exciting Trading Range of 2015” for context. We’re simply seeing a continuation of this higher timeframe Trading Range structure, despite a…
What levels are key for traders in Amazon.com (AMZN) now? Based on these levels, what are the “Price Planning Pathways” to targets? Let’s start with the Daily Chart and update our trading levels: Amazon.com (AMZN) developed a “Gap and Consolidate… then Rally” Pattern through 2015 as drawn. After an initial earnings gap, shares consolidate and…
Yesterday’s rally continued into today’s session though price fell shy of the full touch of 2,100. What levels are we focusing on now? Let’s see! First, be sure to view Monday’s “Thrilling, Non-Stop, Exciting Trading Range of 2015” for context. After an initial – and logical – sell swing down against 2,090, price held support…
Well we should never refer to the market as boring! Today’s session saw a surprise sell swing straight down toward our 2,055 target level. From there, a big – supremely big – reversal took price back to yesterday’s close. What levels are we focusing on now? Let’s see! First, be sure to view Monday’s “Thrilling,…
The market continues to trade within a well-defined trading range and the last two sessions saw volatility but no real progressive movement. What levels are we focusing on now? Let’s see! First, be sure to view Monday’s “Thrilling, Non-Stop, Exciting Trading Range of 2015” for context. The main idea was price had a strong chance…
Sugar’s slide continues in one of the most persistent and stable trend structures. Let’s take a look at the persistent trend as sugar prices sour to sticky new lows, trapping bulls along the way. Here’s a “Pure Trend Structure” Viewpoint of Sugar Prices (@SB): First and foremost, the entirety of Technical Analysis (visual charting price)…
How are you doing within the Great Trading Range of 2015? One of the first steps in the trading process is to analyze the current market condition and then assess the odds of that condition continuing… or changing into something different (ending). Let’s start the week with an update of the current Range and why…
Not all is well with the Dow Jones Industrial Average. While some stocks are getting attention as they continue bullishly to new all-time highs, other stocks are quietly breaking to new 52-week lows during new downtrends. Let’s note six of these stocks and what opportunities may be available in these downtrenders. First, take a moment…