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…
With today triggering a “Bull Trap” reversal outcome (at least so far), let’s take a look at our mid-day S&P 500 and Sector Breadth Update. We’ll start with a chart of the mid-day S&P 500 and how we got to this point: First, be sure to brush up on this morning’s update regarding the broader…
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…
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…
John Carter’s at it again with an entertaining yet educational new video about the world of High Frequency Trading (HFT) and how the trading game has changed over the last few years. Craftily titled “High Frequency Trading – Rise of the Trading Machines,” John pulls back the curtain on what’s different and what we can…
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…
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…
With today’s Flat Range Day in motion so far, let’s take a look at our updated S&P 500 Sector Breadth and highlight which stocks are potential trend day trading (continuation) candidates. By reader request, I’ll start adding a flash-chart of the intraday S&P 500 to provide a sense of structure and key levels to watch…
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…
Could we be caught in the Twilight Zone again and doomed to repeat the same outcome in the market? Let’s take a look at our broader S&P 500 chart and highlight a repeat bullish outcome pattern and chart where we are and how far we have to go at the moment to repeat it again….