As a follow-up post to Wednesday’s “Risk-Off Money Flow in Reaction to the Federal Reserve,” let’s take a snapshot of the current “cross-market” money flow to see that indeed a sudden “Risk Off” play developed in the aftermath of the Fed announcement. The chart above shows ETFs as representatives of the broader markets of US…
Let’s take a quick look at a “Volume at Price” Chart of Apple (AAPL) to study the breakout and prior high-volume value areas which may come into play as we begin November. This is a special way to combine Price with Volume to highlight areas of “Value” or price acceptance. Starting with the highlighted regions,…
Binary Options are unique because you have the entire trading universe at your fingertips. Unfortunately that can also lull you into a false sense of being comfortable in trading such a large group of choices. The reality is somewhat different; too many choices can also lead to a lot of confusion and chaos if not…
In the immediate aftermath of the Federal Reserve policy announcement for October 30, markets moved in knee-jerk risk-off reaction to the news. Let’s take an instant snapshot of cross-market money flow post-‘Fed’: Let’s start at the top-left and move forward: The @ES or S&P 500 finally broke a persistent rising trendline despite multiple prior divergences….
I’m a big fan of Parabolic Arc Patterns or Parabolic Trendlines, and FedEx (FDX) shares have morphed into a classic Arc Trendline Pattern after its weekly breakout as buying pressure accelerated. Let’s start with the initial breakout then study the Arc Pattern currently in motion: After a lengthy Ascending Triangle from 2011 until the 2013…
With October rushing toward a close, let’s take a look at the recent Sector Strength and Weakness grid for the nine major AMEX Sector SPDR ETFs. For additional perspective, see my prior update from October 19. A quick update shows strength remaining in Consumer Discretionary (XLY), Industrials (XLI), Materials (XLB), Energy (XLE), and Technology (XLK)….
We often look to Market Internals for guidance, but what happens when the power (money flow) of a trend overrules the signals from Market Internals? Let’s look at the month of October 2013 for our answer and get a check-up on what’s happening currently in the “Big Three” Market Internals. In general, we use Market…
If you follow or trade the Japanese Yen currency, you’re likely aware that a lengthy multi-month sideways compression or symmetrical triangle price pattern has been developing on the chart. Let’s review this price pattern and see three perspectives on the compression pattern which historically has forecast a breakout event that may easily be in the…
Let’s take a quick look at Apple (AAPL) as it breaks free of a lower “Value Area” and moves toward the current price pocket and then note the upside breakout targets should price continue its upside movement. This is a new style of chart so I’ll take a moment to explain some of the details….
If you think the US S&P 500 has been non-stop bullish, have you seen Spain? Spain’s Bolsa de Madrid IBEX 35 Index along with the related iShares ETF (symbol EWP) have been incredibly strong since the July 2013 low, overtaking the S&P 500 on a Relative Strength basis. Let’s take a look at Spain’s strength…