Goldman Sachs shares currently trade into an inflection point with likely downside potential. Let’s take a focused perspective on the current range resistance pattern and plan a bullish dominant and bearish alternate trading scenario. We’ll start with the simplified Daily Chart of GS shares in a rising rectangle: With the exception of a little Bull…
In the aftermath of the March 7th big “Jobs Report,” which stocks are topping our list of Intraday Trenders to the upside and downside? Let’s start as usual with the uptrenders: Stocks at the top of today’s “Uptrending Intraday Trend” list include VF Corporation (VFC), Loews Corp (L), Coach Inc (COH), and Southwest Energy (SWN)….
While yesterday’s scan included big names like Facebook (FB) and Amazon.com (AMZN), today’s scan includes lesser known stocks in the S&P 500 that are showing the greatest degree of intraday trend. Let’s take a look at March 6th’s Top Uptrending Stock Candidate List: Our big uptrenders include newcomer DirecTV (DTV) and an appearance by Warren…
Swing traders often rely on relative strength when selecting stock candidates to trade, as stocks that are strong tend to get stronger while stocks that are weak tend to get weaker. Let’s take a quick look at all the Dow Jones Index’s 30 stocks on a annual percentage comparison basis and highlight the current winners…
Today’s Top Trending intraday list includes some big names for the uptrending list. Which names made the list? Let’s start with our uptrending candidates: While you may not have heard of our Top Trender today – Edwards Lifesciences (EL) – it does show the most stable degree of intraday trend at this point in today’s…
Bull Traps are the enemy of Breakout Traders, and it’s important to learn the educational reference lessons when these scenarios trigger. Goal #1 is to protect yourself from escalating losses on a breakout opportunity that failed and Goal #2 (for aggressive traders only) is to profit from a trade outcome failure by playing into the…
With the S&P 500 at all-time highs, what are internals revealing “behind the scenes” of the market? Let’s take a quick look at price with internals in motion: For reference, we’re seeing the S&P 500 index with three key Market Internal symbols underneath: $ADD = Breadth or NYSE Advancing Issues minus Declining Issues (Advancers –…
Good afternoon! Which stocks made our top uptrending and downtrending (intraday) scan for March 4th? Here are our uptrending candidates mid-day: Unlike yesterday’s downtrend on the Ukraine news, today’s session is an opposite trend day up in the US Equity Markets, which causes us to focus our attention on similar uptrending stocks during today’s session….
Which stocks topped our “Potential Trend Day” names mid-day on Monday March 3rd, a day when the Ukraine news dominated the intermarket landscape? Let’s start with our potential bullish trend day stocks (fighting the trend of the broader market): Our bullish candidates include Lorillard (LO) which is breaking out of a daily chart ‘flag’ pattern,…
The Ukraine crisis continues to capture headlines and influence global money flow in today’s session. Let’s take a moment to step above the lower frame charts and get a quick sense of the bigger picture of money flow (“Risk-Off” Play) and see how the intermarket landscape is adapting today to the news. We’ll start with…