Are you not achieving the trading goals or financial goals you’re hoping to see with your trading performance? During the weekend after such a volatile trading week, take a moment to sit back and watch a webinar I presented live that seeks to help you overcome some of the problem areas that may be holding…
Despite the broader market bounce today, Apple (AAPL) shares broke one key support level and may yet break another important level at which shares are trading now. Let’s see these levels, starting with the Weekly Chart, and update our trade plans accordingly. First, the weekly trend remains up/bullish yet this trend is under threat both…
During yesterday’s reversal rally, 17 stocks in the S&P 500 made fresh new 52-week highs in ongoing uptrends. While I’ve highlighted some of these names in prior posts, I wanted to focus on three stocks that not only cruised to a new 52-week high, but also powered to an all-time high. Let’s jump straight into…
We once again find the S&P 500 fiercely challenging the rising 200 day Simple Moving Average, a key pivot level in the ongoing bull market trend. Let’s highlight how price has behaved with respect to this key indicator going back to the start of the current bull market. Here’s the full perspective of Price and…
Often it’s helpful to step back and focus on the trend and build strategies accordingly. Let’s take a moment to focus on special “Color Ribbon” Charts for three leading markets and highlight their Trend Structure together. We’ll start our journey with the S&P 500 Color Ribbon Multi-timeframe chart: Let’s start with what we’re seeing and…
Buyers won’t let the market roll-over, as proven with today’s power-buy rally off a support level. What’s going on now and what levels are important? Let’s see: In this morning’s TradeStation Morning Market briefing, I highlighted the likely price movement down toward the 2,040 level which is the rising 50 week EMA (and lower Bollinger…
With stocks testing support and threatening a possible breakdown (reversal), US Treasury prices (measured by popular bond fund TLT) are staging a possible reversal higher of its key support level. Let’s pinpoint the level, highlight the positive divergences, and plan for a possible reversal up for bonds. Here’s the Daily Chart with the Divergences at…
An update to our Weekly (and Daily) Sigma Band Chart of Apple (AAPL) reveals another tight volatility compression or “Bow Tie” Pattern. What does this mean and what can we expect once this pattern resolves? Simple – let’s take a look: For a bit of background, see my recent S&P 500 Sigma Band chart for…
You’re missing breaking news and a “Rocket Arc” Pattern collapsing price to support in China if you’re hyper-focused on news from Greece recently – which is understandable. Let’s break through the clutter and highlight this price pattern which reflects a stellar price rise and the current collapse – or “return to earth” part of the…
As we cruise into the Fourth of July holiday weekend, let’s take a moment to update our “Sigma Band Volatility” Chart of the S&P 500 and note just how far this week’s Greece news rocked the market. We update volatility using Bollinger Bands to pinpoint key levels and provide structure. Here’s the current Volatility –…