The sell-swing continued this morning although mid-day we’re seeing a possible big bullish reversal. Is a reversal building off the 2,090 target? Let’s chart the evidence. Start with this morning’s update “The Battle to Hold the S&P 500 Trendline” for more planning details. As we update today’s intraday session, we’re going to tilt bullish/reversal due…
We’re back to the infamous “Will it or Won’t It” break or hold a key rising trendline. We’re about to see a confirmed breakdown/breakout opportunity..or else another bounce/rally outcome. Let’s pinpoint the key levels and be clear on our trade planning with respect to this level. The chart above reveals a wider perspective of the…
After yesterday’s strong sell session, price stabilized and traded in a range today. Is a reversal building off the 2,090 target? Let’s chart the evidence. Following the (slightly) better than expected Jobs Report, price broke fully to the 2,090 level and then a V-Spike Reversal propelled price back to the 2,100 level. From there, price…
Yesterday we saw big price movement in our Multi-Market Grid and today we’re seeing additional volatility that is creating both risk and opportunity for traders. Let’s plot today’s price movement and determine where money’s flowing… and where it’s going. Be sure to view yesterday’s similar update post for a reference. The Multi-Market Grid plots the…
The range broke and price collapsed toward – then under – the 2,100 target! Which stocks topped our scan of big trend movers today? Let’s take a look at the current picture and plan the next swing in the market: The “Range Ping-Pong” Environment ended today with price initially breaking under the 2,115 trendline. This…
Today we’re seeing volatility spike in all markets with a “Risk-Off” perspective sweeping the scene. Let’s plot today’s price movement and determine where money’s flowing… and where it’s going. The Multi-Market Grid plots the @ES Futures (Stock Market), @GC (Gold), @CL (Crude Oil), and @TY 10-Year US Treasuries. First, money is leaving Stocks, Gold, and…
With price tightly compressed in a lengthy range, let’s take a quick look at the S&P 500, Dow, and NASDAQ at the highs and quantify the current volatility picture in each of these indexes. What’s the volatility environment and how are we measuring it objectively? We’ll start with the S&P 500: In each chart, I’ll…
Yesterday saw a morning BEAR Trap and today we experienced a BULL Trap! Even while the market continues to compress in a range, it’s certainly not boring! Let’s take a look at the current picture and plan the next swing in the market: While buyers swooped in to save the market at 2,100 and prevent…
Yesterday I charted two strong financial Dow Jones stocks for you – Goldman Sachs and JP Morgan. Today, let’s switch gears and highlight three weak – and getting weaker – stocks in downtrends for comparison. Three of the weakest (most dowtrending) names include one large retailer and two oil/energy companies. Let’s start with the weak…
Bond prices are breaking down sharply this morning as yields spike. Let’s chart this logical movement, note key levels on which to focus, and add some context to today’s move. We’ll start with the Daily Chart of popular bond fund TLT: First, the TLT Exchange Traded Fund represents the longer-term US Treasury Bond Fund from…