The short-squeeze and bullish price surge continues in the stock market at the same time gold collapsed to the $1,100 target level. Let’s scratch the surface and look beyond the headlines to what’s trending today: The intraday uptrend continued with price breaking through toward the 2,130 target level on a possible journey toward fresh new…
After springing a Bear Trap, Apple (AAPL) shares pivoted and trapped the short-sellers, placing price on a pathway straight up toward all-time highs. Let’s update our Apple analysis, pinpoint the Trap Lesson, and plot what levels are most important now. Here’s the Daily Chart Trap and Outcome: For our prior update on Apple, see the…
Despite the strength of technology leaders Google and Facebook (among others), the S&P 500 is perfectly balanced and flat today despite the NASDAQ’s bullishness and new all-time high. Let’s scratch the surface and look beyond the headlines to what’s trending today: Traders in the NASDAQ and Tech Sector Stocks are probably having a lot more…
Gold prices slid to new lows today in an ongoing downtrend and bearish money flow. While a lot of traders are expecting the stock market to peak and reverse, many traders may be missing the ongoing downtrend in Gold that is confirmed and in motion. Let’s chart Gold from three perspectives and see what’s going…
Let’s take a moment to update our mid-month Money Flow Grid for our four main markets we track. We’ll start with the Hourly (Intraday) Grid and move up to the trends on the Daily Chart: This is meant to be a quick update to our in-depth membership content each week. We’re seeing the Color Chart…
The Relief Rally in stocks continued without ceasing today, taking the index shy of another all-time high. What’s going on now and what levels are important? Let’s see: Our ongoing Broader Narrative continues to be successful as the market simply continues to trade higher in the ongoing uptrend. As we’ve been highlighting every day to…
I’m excited to highlight my long-time colleague Dave Landry’s upcoming market update and wanted to invite you to benefit from Dave’s down to earth, straight to the point analysis. On Thursday July 16th, at 11:00 AM ET, Dave Landry is giving a special “The Week in the Charts” educational presentation. Tap here to learn more…
Recently we’ve been discussing the “Arc Trendline” Pattern in high-flying Delta Airlines (and similar companies) but now we’re seeing a lift-off and reversal bounce precisely at a key support target. Let’s see the lift-off, update our key levels, and plan what to expect going forward. First, start with the previous update on the “Arc Trendline…
Google (GOOGL) now joins a list of “Strong Getting Stronger” stocks in breakout mode. Yesterday I highlighted tech leader Amazon and today we study Google. Let’s jump straight in! Like Amazon (AMZN), Google shares formed a sideways trading range (rectangle) through most of 2015. However, the recent – expected – bullish rally “up away from”…
While scanning the 41 stocks in the S&P 500 that are making fresh new 52-week highs right now, I wanted to highlight one stock in particular today. Our good friend Amazon (AMZN) broke free above another sideways rectangle pattern in an ongoing uptrend. Let’s pinpoint the breakout – on “Amazon Prime Day” – and see…