The cross-market landscape reacted predictably to the end of the QE3 policy experiment and we’re monitoring follow-through from these initial movements. Let’s take a look at three key markets and how they reacted to the expected news: A quick, zoomed-in perspective shows a knee-jerk sell-off in Gold which was accompanied by a knee-jerk buying surge…
As expected, the Federal Reserve announced an end to its QE3 stimulus program and stocks reacted immediately with a knee-jerk sell-off lower. Let’s update our levels and note the top trending stocks so far in today’s special session: Continue watching price action closely in the high volatility period after today’s Federal Reserve announcement. The key…
Let’s take a quick glance at the “Color Structure” of the S&P 500 on the V-Spike Reversal into Resistance and chart possible price pathways from here. We’ll start with the V-Spike Reversal Pattern on the intraday color chart: We’re seeing the Color Structure grid which quantifies swings in the market (and impulsive phases like the…
At the moment, three stocks have traded higher nine days in a row and may be ripe for a pullback. Let’s highlight these three names from our simple scan and note potential opportunities from these lesser-known names. We’ll start with Darden Restaurants (DRI): All stocks will have the same logic but of course be sure…
Caterpillar shares (CAT) face a critical “Make or Break” Resistance test near the $100 per share level. Let’s highlight this level and note the breakout bullish play above or the resistance sell-swing beneath it. I like to keep analysis simple, and the simplest plan here is to reference the key resistance at the $99.00 per…
Like any year, 2014 has seen its share of ups and downs in the market (more ups than downs, actually), so I thought it’d be interesting to compare the up and down days for the S&P 500 so far in 2014. If anything, it’s a different way to see price and study the character of…
When we see large price movements in the market – like our recent strong rally over the last week – we can break down the picture into smaller pieces by looking at “Sector Strength.” We can study which sectors were strongest, which lagged behind, and what this may suggest for the broader market. Let’s take…
I wanted to call your attention to a special live educational webinar taking place Thursday, October 23rd at 4:30pm EST from my colleague and friend John Person. Entitled “Best Tools for Traders Working Today,” John will discuss the top tools for traders as adapted to today’s new markets. I’ve worked with John for many years…
And now for something completely different (than this creeper trend we’ve seen)! Here’s our S&P 500 update and trending stock scan for the day: Price crept advanced with “Creeper” Trend Days into today’s session high of 1,950. Note the lengthy negative TICK (Market Internal) Divergence along with the descending TICK Channel which occurred before the…
After a mini-bear trap, Apple (AAPL) shares continued trading within a well-defined Rectangle Range Pattern. Let’s update our Apple chart and note potential breakout trades – or “Range Fades” – that may trigger soon. After a breakout (gap) into trend movement from May to August, shares have traded within a triangle and now rectangle price…