On what level should we be focusing right now in the S&P 500? Let’s zoom-in to pinpoint this current pivot level and plan accordingly: As I’ve been highlighting to members, price has been in a stable trading range between the 2,120/2,130 upper resistance and 2,080 lower support. Monday’s “Greece is falling apart again!” news triggered…
Price traded in a similar pattern to what we saw yesterday, starting strong but weakening throughout the day. What’s going on now and what levels are important? Let’s see: Compare yesterday’s early morning gap bounce with today’s gap rally into resistance. Both sessions price traded into resistance above 2,080 and then gave back the gains…
And so begins Quarter 3 2015! The reversal continued yet price struggled mid-day in a falling range environment. Let’s jump straight into our July 1st mid-day market update and stock scan. What’s going on now and what levels are important? Let’s see: Price is building off the “Rounded Reversal” and Positive Divergences off our 2,055…
“What gets weak tends to get weaker; what gets strong tends to get stronger.” Which four stocks in the US Dow Jones Industrial Average are “really weak” right now, so weak that they are downtrending and pushing to brand new 52-week lows? Let’s highlight four companies that are swimming against the broader market’s tide (and…
What goes down must come up… right? After an initial bounce in the morning, price retested the low on positive (stretched) divergences ahead of our logical snap-back rally we’re seeing mid-day. What’s going on now and what levels are important? Let’s see: Here’s a key strategy planning quote from last night’s members-only update: “…be ready…
When doing ETF scans, I came across three “Rocket Arc” Patterns I wanted to share with you. Let’s take a look at these three “Rocket Arc” Patterns in these country-based ETFs following Greece. We’ll start with a “Perfect Arc” Pattern in Germany iShares (EWG): I like the “Arc Trendline” or “Rocket Arc” Pattern because it…
As we end the second quarter 2015 (can you believe it?), what opportunities are setting up and what can we learn going into the remainder of 2015? Manesh Patel and I will be presenting a two-hour joint webinar Tuesday evening June 30th at 7:30pm EST and we’d love to have you as our guest as…
Markets got a rough start to the week with a gap-down and trend day lower as Risk-On Money Flow took over following bearish news from Greece over the weekend. What’s going on now and what levels are important? Let’s see: Here’s a key strategy planning quote from last night’s members-only update: At times like this…
With bearish news about Greece hitting the markets this weekend, money flow quickly shifted in our intermarket landscape. Let’s start the week with a quick “Quad-Market Update” on where money is flowing and where price is headed at the moment. Here’s our “Quad-Market” Grid: For now, let’s start with the four markets in our grid…
With fears increasing that “all may not go well” with Greece over the weekend, markets dropped and gapped lower to start the new trading week. At the moment, the US S&P too simply achieved an expected downside support target. Let’s highlight this target and place today’s news within the context of the larger Range Pattern…