Yesterday seems to be all the pullback bears get. Buyers stepped back in as bears stepped out with another financially losing short-squeeze against them. For the set-up and now the real-time resolution, be sure to see yesterday’s post for key target levels to “plan the pullback.” Let’s update our mid-day information and highlight our trending…
Sometimes the simplest scans work better than complex methods, especially in a trending market like this. The thesis is “What is strong tends to get stronger” and these stocks may yet still deliver additional upside gains. Let’s highlight our “Top Trending” Dow 30 Stocks and note the sectors from which these names emerge. We’ll start…
Finally, bears get the pullback they’ve been eager to see. The question is, how low will price go and when will buyers step back in? See this morning’s post for key target levels to “plan the pullback.” Let’s update our mid-day information and highlight our trending stock candidates for today’s session. Would you believe me…
And now for something completely expected – after multiple days in a row to the upside with persistent negative divergences, stocks pulled back from their overextended conditions. However, how far may stock prices fall and what levels are both potential downside targets and possible buy levels? Let’s update our charts and plan accordingly: Markets tend…
We can learn valuable lessons by studying classic examples of price action – in this case, a large divergence into snap-back reversal event (which stuns traders when they’re caught in the sharp sell-off). Let’s take a quick look at a recent clear example in Keurig Green Mountain Coffee Roasters (GMCR): The Daily Chart revealed a…
If you’re looking to diversify your trading strategies, learn a new technique, or just are looking for a new way to liven up your trading, then join us tonight for a special webinar with my friend and colleague John Carter. John will be presenting “My Favorite Ways to Trade Options on ETFs” which combines the…
I had a question about Natural Gas this morning and found something interesting on the current chart – note the key levels and breakout opportunities that are setting up currently. Let’s see these levels and highlight the key targets and structure moving forward: The indicator-heavy chart above shows the trend, spike in bullish (buy) volume…
We continue to see “more of the same” action and the simplest play is to “go with it.” Yet so few traders actually do that it seems. Nevertheless, let’s update our mid-day information and highlight our trending stock candidates for today’s session. We’ll actually start with Sector Breadth which is MIXED BULLISH today: On today’s…
Have you ever wanted to reduce stress with your trades? Of course, we all do. John Carter released a quick video entitled “My Favorite Ways to Trade Options on ETFs” which combines the option world with broader ETFs. I’ve always been a huge fan of Carter’s work and am proud to count myself as an…
A quick “Quad Index” Grid shows us that the small-cap Russell 2000 is showing relative strength to the other major US Equity Indexes. Let’s take a moment to update our charts and highlight this situation and what it may mean going forward. I’m charting the futures contracts for the main index markets and we’re seeing…