Wednesday’s Federal Reserve announcement and Press Conference shook the cross-market landscape in a somewhat expected pattern. Let’s take a look at the intraday ‘spiky’ movements and then assess the broader Daily Chart levels in the S&P 500, Oil, Gold, and the US Dollar Index. Here’s the inter-connected intraday picture: (Click for full-size image) We’re seeing…
Let’s update a key situation we’re following in the commodity markets of Gold and Silver. Both markets are showing similar “bullish divergences at support” which gives us a key level to watch for any reversal… or breakdown/failure… in the weeks ahead. Let’s start with Gold to note the key trigger and target levels along with…
The week so far has already been active in both directions between short-term EMA support and resistance levels. Let’s take a look at the market action – and chart structure – as the mid-week approaches. What price levels are most important to suggest trading strategies from here? Let’s start with the S&P 500: For reference,…
The gold market has been in a deeper retracement than many traders expected, and now price challenges a critical support level as seen from all three major timeframes. Let’s start with the Monthly Frame and then drill down to the Daily Chart to pinpoint this critical level we’ll all be watching: Instead of going into…
For traders, assessing volume is important to defining the health or weakness of a trend in motion. Volume should confirm price, meaning volume should rise during up-swings in a bullish uptrend… or else rise during down-swings in a bearish downtrend. Let’s take a look at recent volume signals in the SPY and QQQ and learn…
If indeed the S&P 500 (and other US Indexes) retrace sharply lower, what potential short-term support areas might be good targets, at least from a Fibonacci Retracement standpoint? Let’s build a quick Fibonacci Confluence Support grid for the current S&P 500 and pinpoint these potential levels. Here’s the logic behind this chart before we discuss…
Even if we follow the Daily Charts for short-term swing or intraday trades, it’s helpful from time to time to assess the structure – and especially key levels – of the weekly charts of the ‘big three’ US Stock Market Indexes. Let’s see what these higher timeframe charts are now saying about the broader stock…
I think a lot of traders have been surprised by the persistence of the “Creeper Trend” of early 2012 – along with many investors as well. Let’s take a quick snap-shot peek at the inner-workings of Breadth, Volume, and the McClellan Oscillator to see what these classic “Market Internal” indicators reveal about the current rally…
As a follow-up to yesterday’s “Bullish Sector Rotation Model” post, let’s take a moment to clarify how investors and traders can use top-level Sector Rotation themes to their advantage. Traders and investors often use the model – or at least compare sector relative performance – to pinpoint trading or investing opportunities from the strongest stocks…
What is the broader Sector Rotation Model saying about the current rally and state of the market? Good things actually. Let’s take a moment to view the current Sector Rotation Performance from three perspectives, starting with Absolute Performance so far in 2012: To recap, the Sector Rotation Model breaks down the broader market into nine…