When using moving averages on a chart to find possible targets and support levels, which exact moving average setting should you use? How about more than one? The “Moving Average Cluster” charts help answer this question by finding overlapping price levels where more than one moving average meets. Let’s see these charts of hidden support…
We’re still charting the key levels on the S&P 500 along with trending stocks of the day. Let’s start today’s update with the Breadth Signal Chart and then Pinpoint Trending Stocks of the Day: With today’s slight sell-session moving forward, we see the logical picture in Breadth. Strength (for now) is concentrated in the Utilities…
What are the top five most over-extended (bullish uptrending) stocks and which are the top five under-extended (bearish downtrending) stocks in the S&P 500 right now? Let’s update our scans and see what they are and how we may trade them. We’re defining “over-extended” as being the highest percentage “extended” above the rising 200 day…
Even if you are only a stock market trader, it’s important to view money flow moving across major markets. Let’s take a quick update of our “Cross-Market Money Flow” trends as we move into the middle of September. We’re seeing the futures contracts of the S&P 500, Gold, Crude Oil, and US Dollar Index. From…
The intraday downtrend continued and price traded down from the 1,997 inflection level mentioned in yesterday’s mid-day planning post. Let’s update our S&P 500 level chart, highlight breadth, and see the strong intraday trending stocks right now. Price continued the downtrend in motion through September and pushed to another (small) new price low during today’s…
I know, it’s not the most compelling title, but it is very important for all of us to monitor the Volatility or Cycles of Market Internals, especially those of us who use them in our trading or analysis. Let’s update our TICK Volatility Chart and note the current important intraday levels for trading with the…
What levels remain important for the S&P 500, what does Breadth suggest about today’s price action, and which stocks are our pro-trending candidates of this important session? Let’s start with the S&P 500 and pinpoint the trend and key levels for planning: The 1,997 level – which is roughly the 50% Fibonacci Retracement as drawn…
The S&P 500 is downtrending on the intraday frame and pulling back from a resistance target near 2,010, but we have a key pivot point that will determine whether we’ll be bulls or bears for the next few sessions. Let’s take a look at the charts, breadth, and highlight our trending stocks of the day….
If you’re a trader or follower of crude oil, you’ve noticed the increased volatility and intraday gaps with reversals over the last few sessions. Let’s take a look at what’s happened and where we are now in the market (the lessons goes beyond crude oil). We’ll start with the transition from “stable” to “unstable”: Before…
As a follow-up from his earlier document “Understanding Options,” John Carter released a new video for you and will be hosting a special webinar this Tuesday to continue the free education. Be sure to join John this Tuesday, September 9th when he presents his special webinar: “How to Beat the Market Makers by Using Weekly…