After last week’s sharp gap-down from support, Apple (AAPL) shares began an initial rally off a key support target level. Let’s update our daily Apple (AAPL) chart and note “open air” along with new key targets for a retracement… or continued breakdown if the retracement thesis fails. Here’s a “pure price” Fibonacci Confluence Chart to…
On a day where roughly 485 of the 500 S&P 500 stocks declined on the session, let’s take a quick look at these rogue names that bucked the broad selling pressure today. The following warrior stocks actually advanced on today’s 40 point rout (325 Dow Points): I arranged the stocks by Sector – note that…
I’m very selective when it comes to supporting affiliate offers, but I wanted to share this opportunity with you to access a limited-time “State of the Global Markets” 50 page analysis piece from EWI. Sometimes it’s helpful to view analysis from a different perspective, even if you trade a specific market. Assessing the broader picture…
While many stocks are seeing downside selling pressure in 2014, let’s take a closer look at those select names in the Dow Jones Industrial Index – Blue Chip Stocks – which are making larger than normal breakdowns. To quantify “larger than normal,” I ran a stock scan for stocks that have moved 6 times their…
With the S&P 500 breaking under the critical “make or break” support level into 1,770, let’s update the chart to call our attention to the new downside support targets not just in the S&P 500, but also in the Dow Jones and NASDAQ as well. We’ll start as usual with the S&P 500 Daily Chart:…
An interesting event is taking place from the Intermarket or Cross-Market Money Flow perspective and it’s worth taking a closer look. For one, we’ve seen continued strength in US Stocks and relative weakness or short-term downtrends in the other main markets. Recently, we’ve seen a clear counter-trend movement as seen clearly on the 5-market chart…
For traders of Amazon.com (AMZN), this morning opened with a sharp downside gap and a powerful Trend Day down continued the selling pressure. Let’s update our Amazon (AMZN) charts and note the current level to watch from our prior “Level Watching and Swing Trade Planning” parameters. From my prior update on January 16th, I noted…
As January 2014 comes to a close, let’s update our “Sector Rotation” planning grid using the main 9 AMEX Sector SPDRs arranged by the Sector Rotation Model. We’ll start with a grid from TradeStation showing price and the 200 day SMA: We’ll take a look specifically at the Sector ETFs in the charts below, but…
I wanted to highlight another example of the “Timing Intraday Reversals with TICK Channels” concept which just triggered from yesterday’s low to today’s mid-day bearish reversal. For additional background on this important concept for intraday traders, see my prior update: “TICK Deterioration and Intraday Reversals” Here’s the current example and outcome using the @ES Futures:…
Facebook (FB) shares are currently “trapped” between a key level and traders may have a key opportunity depending on what happens here. Let’s take a look at Facebook’s (FB) current chart, note the key levels (targets and entries), and also create a Fibonacci Confluence grid. A quick, simplified glance at the Daily Chart reveals that…