Pop Quiz: Without peeking, can you identify which month had the best day for the S&P 500 in 2014 and then which month had the worst day so far? How about if I said TODAY was the best day of 2014 for the S&P 500? That’s actually true. If the best day for 2014 happened…
Just like the prior times when buyers intervened to force a short-squeeze, we’re seeing the same breakout into shot-squeeze outcome this time above 1,900. Here’s our S&P 500 update and trending stock scan for the day: After the recent V-Spike Intervention at the lows, we’ve seen the market creep like a serpent ever higher into…
With a narrow bounce continuing to drive the market into a known resistance cluster, let’s view the key levels, highlight the trending stock candidates, and update our S&P 500 chart as we start the week of October 20th. Here’s our S&P 500 update and trending stock scan for the day: Again we watch the 1,900…
Netflix shares (NFLX) suffered a large news-based drop last week that took price all the way down to a key monthly support target. Let’s take a look at a potential buy opportunity as shares push into the gap or “open air” created from the plunge. From last week, we saw a gap down into the…
Price today continued its recovery rally into resistance (see this morning’s update for targets) and now we pause mid-day to check key key levels and highlight the top trending stocks of the session. Here’s our S&P 500 update and trending stock scan for the day: Our focal point turns to the underside of 1,900 which…
As was generally expected, the market retraced higher after several down-days in a row took price to a key monthly support level (1,825). Let’s look at the current S&P 500 and Dow Jones charts and highlight the surge back to the underside of the broken 200 day SMA: On the breakdown under the confluence of…
Join us live for a day of trading education from Fibonacci to Price Patterns, Trend Days to Spotting Market Reversals. I’ll be part of 8 trader educators presenting a full day of content as part of the Smart Investing Workshop: Financial Leadership from Professionals live event. I’ll be the final speaker to round out the…
We’re putting the pieces back together from a broken market yesterday! An afternoon violent “V-Spike” Reversal took us right back to where we opened, and today’s session took us just above that level where we are at mid-day. Here’s our S&P 500 update and trending stock scan for the day: After a market collapse (vacuum…
How does current market volatility – which is surging – compare to the two prior post-stimulus (QE) sell-offs that occurred since the 2009 Bear Market Bottom? Let’s take a look at where we are and what may be in store if history is a guide: The chart above shows the S&P 500 index compared with…
“This time, it’s different” and it is very different. When price failed to hold a critical “Make or Break” support level (mentioned yesterday), the outcome was “Break” and what a powerful breakdown it is! Let’s jump straight ahead into a market with no floor and put the pieces of the broken market back together. We’ll…