Netflix (NFLX) shares face an important turning point at a key support (pivot) level. Let’s plot this level – see why it’s important – and design a trading strategy around it. Focus on the rising 20 week EMA (price so far reversed up off this level): The rising 20 week EMA rests at the $440…
With all the attention focused on the iPhone 6 this weekend, traders may be missing an iTriangle Pattern forming on the stock chart of Apple (AAPL) shares. Let’s take a look at the Classic Chart pattern, note the boundaries, and trading tactics we may use as this pattern develops. Shares continue a strong bullish uptrend…
Well this is fun, isn’t it? The market actually traded lower after many days of straight-up price action. It’s almost like the law of gravity actually applies again to the stock market! That being said, let’s take a look at our S&P 500 intraday chart, note a stunning signal from Breadth, and then chart our…
In simplest terms, a pullback or retracement is the most logical thing to expect for the US Stock Market at the moment. However, logical does not mean guaranteed. Let’s chart the S&P 500, Dow Jones, and NASDAQ to plan the possible pullback already underway: Stepping back in September, we saw a similar “overextended” rally into…
I’ve been hearing a lot of discussion about the “Death Cross” in the Russell 2000, particularly in the IWM ETF. Let’s identify what a “Death Cross” is and then test out prior performance of “Death Crosses” specifically in the IWM Russell 2000 ETF. Here’s a current chart – and we’ll step inside it all shortly:…
Perhaps not surprisingly, the stock market pushed yet again to another intraday high today as the non-stop bullish uptrend continued, yet this time we saw a quick retracement down to the rising trendline. Let’s start with our updated, uptrending S&P 500 intraday chart: A stable rising trendline pattern contains the progressive higher highs and higher…
Perhaps not surprisingly, the stock market pushed yet again to another intraday high today as the non-stop bullish uptrend continued. Let’s take a look at our current S&P 500 levels, Sector Breadth, and note the top trending stocks of the day: Yesterday’s Fed Day simply spurred additional buying pressure into the market – initially from…
Google (GOOG) faces an important “make or break” resistance challenge as a short-term range pattern continues. Let’s see the pattern, highlight the level, and plan our trades from this vantage point. A simple chart shows us the short-term rising range (highlighted) that has developed from August to present. These trendlines have contained price as it…
After yesterday’s strength, we have today’s retracement of the bullish reversal. Though price pushed to new highs, it was on negative divergences and we’ve seen downside action so far this morning. The afternoon gives us a “Fed Day Announcement” which could radically change the structure, but first, let’s update our S&P 500 chart then highlight…
And now for something a little different! Today’s session sported a strong Bullish Reversal in the S&P 500 from a “Rounded Reversal” and bullish divergence pattern. Let’s update our chart and note the key trending stocks of the day. I highlighted the positive market internal divergences to members last night (and in this morning’s briefing…