We’re seeing a number of stocks build similar patterns but I wanted to highlight Harley Davidson as a great example of a stock building a base ahead of a rally on positive divergences. Let’s note the example and then plan possible targets now that buyers have revved up this stock from support. Here’s the Weekly…
You certainly don’t see patterns like this every day! Lesser-known stock DS Health Care (DSKX) just jumped to the top of one of my stock scan lists and I wanted to highlight the sweeping “Parabolic Arc” which is one of my favorite broader price patterns. Here’s the “Pure Arc” – we’ll delve into specifics on…
Yesterday’s Fed Announcement that interest rates will likely remain unchanged through most – if not all – of 2015 sent markets moving in expected directions. A “Risk On” environment altered the intermarket landscape as was logical from the news. Let’s chart the quad-market grid and note these knee-jerk reactions: With the Fed remaining on hold,…
One of the strongest stocks today is TripAdvisor (TRIP) which launched powerfully up from a key support level and positive divergences. Shares have already broken resistance and trade just shy of a key price target. Let’s update our chart and see this event and what levels are important to traders right now. Here’s the level…
Fed Day! Today we’re trading in a news-driven volatile environment as the Fed releases its forecasts. We’re seeing the typical “Fed Day” pattern so let’s update our charts and be ready to react. What levels are important now into 2,100? Let’s see! Logically speaking, 2,100 is our simple “Key Pivot” reference level and we’ll use…
The Federal Reserve announcement and press conference today could be a catalyst for a breakout of the current trading range in the stock market. Otherwise, we’ll continue to note these reference levels, targets, support and resistance zones into our planning of the next few trading session. Let’s highlight these levels and targets first on the…
Buyers win again! That’s the case almost every day now so perhaps this shouldn’t be a surprise. Price moved – as logic suggested – up away from the 2,070 level toward 2,100 where we are currently. What levels are important now into 2,100? Let’s see! Logically speaking, 2,100 is our simple “Key Pivot” reference level…
The S&P 500 and Dow Jones face a critical “support test” level, and our trades will be based on whether or not buyers once again uphold the support level with an influx of money into the market here. The Weekly Chart gives us a crystal clear level from which to plan our next series of…
If you’re new to options trading or just want a refresher class on how to grow your trading or investing account by using options strategies, then jump on over to tonight’s webinar and get started! Tonight at 8:00pm EST (5:00pm PST), my colleague John Carter will be sharing specifics of how he has grown his…
For the third time recently, buyers rushed in to defend and bounce the market up key inflection levels. Let’s take a look at the S&P 500 and Dow Jones levels buyers are defending and plan our trades. We’ll start with the S&P 500: Early in May and also early in June, buyers stepped in to…