What specific strategies are effective for new traders with relatively small trading accounts? Experienced trader John Carter of Simpler Options released a video this morning specifically tailored to traders with goals of growing a small account incrementally into a larger account. Here’s a link to his free video which introduces a more detailed webinar: In…
What levels are key in today’s session and which stocks are trend day trading candidates? Here’s the S&P 500 key levels and Sector Breadth Chart at mid-day: Before we discuss key levels, take a look at the five aggressive buy-impulses that stopped a market sell-off. As long as buyers collectively are willing to keep putting…
What has the market done, what levels are our current focal points, and which stocks made the list of top trenders for May 30th? Let’s jump straight into our mid-day update to find out: After yesterday’s breakout beyond 1,915 (note the short-squeeze and bullish breadth commentary yesterday), we saw a rally extend just above the…
With the S&P 500 both at all-time highs and on another similar “consecutive up-close” streak like that of December 2013, let’s take a look at lesser-known uptrending stocks that top the list of “most consecutive up-closes” in a strong or developing trend. We’ll simply list the names and highlight some of the charts for you…
The bulls haven’t given up the fight yet and the S&P 500 crept its way to another new all-time high this morning. Let’s peel back the layers to reveal sector breadth and highlight our top trending stocks for the day. We continue to see the market stretch higher against negative divergences, but price us the…
The German DAX and related ETF EWG broke to new highs from a clear triangle pattern and we’re on “Trap or Breakout” watch as long as price remains where it is now. Let’s update our chart and plan a few trading strategies based on the recent power-breakout: The German DAX broke an Ascending Triangle pattern…
Let’s take a quick look at the Cross-Market or Intraday Intermarket Landscape which sends a caution sign for the stock market. Though the stock market could easily ignore the signal, but let’s quickly view the message: In this chart, we’re seeing the S&P 500 ETF (SPY) which is colored Green along with Gold’s ETF (GLD…
Price continued its uptrend with a rising range session this morning. Let’s take a look at our key S&P 500 levels, Sector Breadth, and trending stock candidates for the day. With a weaker open, price traded down to the 1,908 support level into a positive dual divergence (7:45am PST) which preceded a strong rally back…
Recently I highlighted the “Breakout and Trade Planning for Netflix NFLX,” and price successfully traded up into its current target. Let’s update our chart along with our trade planning to note a profit exit and potential new breakout trigger. As I highlighted in the “Netflix Breakout and Trade Planning Post,” the clean break above the…
With the S&P 500 breaking the 1,900 barrier to all-time highs in a trend day, let’s scan which stocks are strongest and what breadth hints about today’s breakout. Here’s the breakout trend day so far: The initial breakthrough above 1,900 triggered an immediate “Short-Squeeze” where sellers rushed to buy-back to cover losing positions which was…