As we start December and eventually wind down 2013, let’s take a longer term look at Breadth and what it’s suggesting about the strong rally in motion. We’ll start with a longer-term picture from the start of the 2009 Bull Market to the present peak(s): We see the Dow Jones Industrial Average (top) and a…
If you’ve been on vacation this holiday week, you may have missed the strong Apple (AAPL) bull flag breakout and upward impulse into a known Fibonacci Target. Let’s quickly update our Apple chart and see these two important chart-based developments: I’ve been highlighting the “Rounded Reversal,” Saucer, Accumulation Pattern (whatever term you prefer to use)…
As a follow-up to this morning’s “Consecutive Closes Stock Scan” update, let’s also take a look at current “strong trend and getting stronger” screen for the top trending S&P 500 Charts. Viewpoint #1: StockCharts.com Viewpoint #2: FinViz.com Similarly, we screen for “strong getting stronger” stocks to find hidden candidates that may not appear on more…
We know that the broader US Stock Market continues to extend its persistent uptrend, but which stocks are also extending their up or downtrends accordingly? Let’s take a quick look at the stocks with the most consecutive UP closes along with those trend-fighting warriors with the greatest DOWN closes in this straight-up equity market. We’ll…
If you use any sort of inter-market or cross-market analysis in your trading, you’re probably aware that the traditionally positive relationship between stocks and commodities have broken down through most of 2013. Let’s take a look at this relationship, how it’s been strong, and how it’s broken sharply over the last few months (reminding us…
We’ve seen more “parabolic arc” or emotion-fueled impulsve ‘blow-off’ price movements lately, and DDD gives us another example of how these patterns form and resolve. We can also take a look at basic trading tactics of how to manage risk, avoid emotion (which fuels the pattern) and seek to profit for those with strong risk-tolerance….
While it’s true that price tends to alternate between states of range expansion (trend/impulse) and range contraction, it’s rare to see a clearer picture of a price compression pattern than what is developing at the moment on the Caterpillar (CAT) Charts. Let’s take a look at the key compression pattern and Value Area price levels…
If you use the NYSE TICK in any way for intraday or swing trading decisions, it’s essential to update how you measure TICK readings in the context of periods of high or low volatility. One can’t assume a TICK reading of +1,000 or -1,000 is equivalent or even a valid trading entry/exit signal in all…
We continue to watch Amazon.com (AMZN) trade within what seems to be the latter stages of a parabolic arc or explosive vertical impulse pattern. I’m a big fan of these “parabolic arc trendline” patterns – let’s update the current chart of Amazon’s (AMZN) textbook parabolic arc trend structure. Amazon.com shares have traded steadily between rising…
I wanted to invite you to join me at two special educational webinar events today. First, at 1:00pm EST / 10:00am PST, I’ll be presenting with Andrew Horowitz for the second part of the ongoing “Trader’s Playbook” educational series: We’ll cover execution tactics, the Accumulation/Distribution Cycle, a “Squeeze Play” Trade Set-up (breakout/impulse), and build on…