Register Now for John Carter’s Secrets of HFT Webinar Tuesday

Ever wondered how High Frequency Trading is affecting our current trading environment and what we can do about it? Join John Carter Tuesday April 29th to discover what’s going on, what’s changed, and how to adapt to the new realities of our current trading environment. There are two opportunities to attend Tuesday’s educational events and…

Critical Trendline Channel and Trade Planning for Bank of America BAC

Bank of America (BAC) shares are challenging a critical “Make or Break” rising trendline boundary which will trigger a short-sale bias if price trades beneath the level. Otherwise, if the rising trendline channel holds, shares could resume a primary uptrend.  Even if you don’t trade this stock, it will be important to note whether buyers…

SP500 Range Structure Magnet and Bull Trap Reversals

For intraday and short-term traders in the market, it’s important to develop a framework of key levels on the S&P 500. We’ve seen a clear sideways rectangle pattern develop with clearly defined boundaries (support and resistance) as price alternates within this range. Let’s update our range (which is unchanged) and note three painful Bull Traps…

April 24 Range Sector Breadth and Intraday Trading Update

We’re seeing a bullish but consolidating session after yesterday’s bearish range session. Let’s update our mid-day charts, note the message from Sector Breadth, and highlight the trending stock candidates of the day. A quick glance at our S&P 500 intraday chart shows another range day – a bullish range day but nonetheless another compression day…

Short Sale Swing Candidate Lesson for Exelon EXC

For those aggressive traders who enjoy fading strength – or calling potential turning points in price – Exelon (EXC) offers a potential “inflection against resistance” opportunity. Let’s study this aggressive set-up and note the key parameters that will make-or-break a reversal play. First I came across this stock from a stock screen I run which…

April 22 Breakout Trend Day Breadth Update and Stock Scan

With price breaking through resistance and defying divergences, let’s take a look at Sector Breadth (what’s strong, what’s weak) along with the top trending stocks of the day. We’ll start as usual with Sector Breadth: There’s a big push-pull situation where Bullish Days show strength in the Offensive/Risk-On Sectors such as Financials, Discretionary/Retail, Tech, Materials…