Emerging Markets have been in the news lately with respect to a sharp sell-offs in country ETFs. Let’s take a broader picture view of the popular ETF symbol EEM – iShares Emerging Markets fund – and chart the key pattern at work on the higher frame. In TradeStation we can see the broader “Rectangle” Price…
As traders, we often look to simple support levels to form the core of short-term trading strategies. For example, we may look to play bullishly for a bounce off a key level, or else trigger a short-sale position on a breakdown under the same level. It’s a way to view price without bias, awaiting a…
As a follow-up to yesterday’s post “Respecting the Range While Awaiting a Breakout,” let’s take a look at how the range boundary came into play yesterday and more importantly, on the “expected” breakthrough of the range boundaries. Here’s a quick chart of the @ES S&P 500 e-mini futures for reference: From yesterday’s post, I referenced…
Short-term traders have been forced to “Respect the Range” behavior of the US stock market indexes as they challenge – or break – to new highs. Let’s update the current range boundaries (price levels) of the S&P 500, NASDAQ, and Dow Jones which will be helpful for additional trade planning. We’ll use the futures contracts…
One of the greatest challenges as a trader is to determine whether a trend in motion is likely to continue or reverse. Reversing a trend is a process, similar to reversing a freight train, and a stock tends to signal reversals we can see on a price chart. Let’s take a closer look at four…
Hershey’s (HSY) has a well-known seasonal pattern for share prices, notably rising for the month of February. Let’s take a look at this famous historical ‘seasonal tendency’ as part of a broader discussion of seasonal stock patterns. First, we’ll use StockCharts.com data to show the monthly performance of HSY shares in a graph: The chart…
Amazon.com (AMZN) has been a relative strength leader in the market and investors have been rewarded with a stellar, accelerating upside price trajectory. Swing traders have an opportunity to play either an “alternate pro-trend breakout” or a “logical counter-trend retracement” opportunity developing into the current $400 per share “round number” reference level similar to what…
As a trader, we make progress along our trading journey either by making a mistake and learning from it (where the lesson ‘sticks’) or else we learn from other traders’ mistakes and try not to repeat their errors. A recent article in the New York Times blog section reminds us of one of these valuable…
One of my favorite short-term trading set-ups is the concept of a lower timeframe multi-swing divergence into a known higher timeframe support level. Crude Oil finally bounced strongly off support – after extending its positive divergence pattern – and we now monitor how high the bounce will take price. Let’s take a look at this…
Club EWI just released a retrospective view of key Elliott Wave patterns, concepts, and set-ups across the broader markets (gold, currencies, crude oil, silver, and currencies) with educational insights sprinkled into the analysis. I wanted to highlight the analytical/educational post – including videos – as an affiliate of Club EWI to those who are interested…