Today’s surprise decline in the reported US GDP was the catalyst that finally broke the US Dollar Index under support, triggering a sell signal for the Dollar and a buy signal for the Euro. Let’s update our Dollar and Euro charts and note what’s happened and where price may be heading now. First, reference last…
India’s Bombay Sensex and “Nifty 50” Indexes are trading into critical support levels and could bounce powerfully from these key levels. Let’s highlight the Weekly and Daily Chart support levels and plan the next action – which could just as easily be a shattering of support (we’ll plan for that as well). We’ll start with…
If you’re trading Yahoo! (YHOO), you may have a breakout trading opportunity shaping up as price consolidates into a visual triangle ahead of a likely breakout. Let’s study the pattern, note the breakout levels, and highlight possible targets on a successful breakout impulse play. A Triangle Trading Pattern (education link) occurs when price consolidates into…
Start planning your travel now! I’m excited to present live in Las Vegas May 11 and 12th and I wanted to invite you personally to join us. I’ll be revealing how I use Sector Rotation and ETF Strength/Weakness to pinpoint the best stocks in the best sectors – and of course how to avoid losses…
In case you were becoming bored with the market, price threw us an exciting curve ball in the form of a V-Spike Intraday Reversal. Let’s dive inside action and note key levels and the trending stocks of the bullish day: After Monday’s failure – Bull Trap – at the highs, price collapsed toward the first…
Which stocks topped our “Steady, Stealthy Trender” Scan this week? Let’s take a look at four names that made the list and highlight something very similar about them. In no particular order, we’ll start with Electronic Arts (EA): Like the broader S&P 500, all of these four selected names are trending higher (though these stocks…
Will the clear Bearish Engulfing Candle at the highs result in a logical sell-off in stocks? Let’s chart Monday’s candle, note what accompanies it, and how to plan the week ahead. First, note the weakening bullish trend in stocks and the two sideways consolidations in 2015. February saw an impulsive breakout to new highs and…
As we transition from April into May, let’s examine what the Sector Rotation model suggests about where we are in the cycle by comparing relative strength and weakness. A second bonus of Sector Rotation is to highlight sectors that call our attention – and others that probably should be avoided. Let’s start with our Sector…
A cynic would ask “When does this rally end?” A trader… couldn’t care less. Buyers saved the market from another sell-off, short-squeezing the market to a fresh new tradable high. Let’s dive inside action and note key levels and the trending stocks of the bullish day: Continue to reference the “S&P 500 Range Planning” post…
I wanted to invite you personally to join me live this Thursday evening for a special “Kick-Off” event to our 2015 Trader Bootcamp in May that’s rapidly approaching. It’s going to be two full days of training and coaching from the beautiful MGM Grand Hotel in Las Vegas, Nevada. I’ll be participating in an exclusive…