As chartists, we have a tendency to over-complicate the simple price chart with a plethora of indicators and overlays. We’re all guilty of this, and the solution is to take a brief moment to look at a pure price chart of a stock or index (or ETF). When you do that, you tend to see…
If you’re a close follower of intermarket relationships, you were likely surprised by this morning’s strange intermarket behavior. Let’s take a look at this morning’s “Inter-market Shake-up” and try to figure out where to go from there: In general, current Inter-market Relationships are based generally in the idea that Stocks and Commodities move together, and…
A lot of traders have been correctly focusing on the skyrocketing rise in Silver prices, but let’s look at the chart from a different angle. The Gold to Silver relationship (a relative strength measure) just hit new lows this week and that’s a very big deal. Let’s take a look at the last 30 years…
With the recent talk of US debt, traders have been discussing Treasury Yields and the potential for skyrocketing yields if the AAA Rating of the United States should ever be reduced a rank. Nevertheless, let’s take an updated look at the current 10-Year Treasury Note Yield and then pull the perspective back to what the…
Earlier, I mentioned that retailer Abercrombie & Fitch snuck its way onto the “Top 5 Most Extended Stocks from the 200d SMA” list and that it was worth checking out for more analysis. Indeed, ANF is at a critical pivot or turning point on its weekly chart that will determine whether this strong power-rally continues……
With the market breaking sharply down this morning, let’s take an updated look at the current Top 5 Stocks Most Over and Under-extended from their 200 day Simple Moving Averages. As a reminder, we use this simple screen for two main divergent strategies: First, if you want to play trend (market) continuity strategies, you’ll want…
Goldman Sachs (GS) appears to be in trouble before Congress again – or at least before a Senate panel. What might that mean for the stock? Or more specifically, what current price level should we be watching as a critical pivot level between buyers and sellers? Good question! Here is the simple but critical short-term…
It’ll be here before we know it! The International Traders Expo is expanding its summer meeting in June to a new city this year – Dallas, TX – and there’s no time like the present to register early for the next big Expo event. The Expo will take place from Wednesday June 15th to Saturday…
There’s a large-scale (from the perspective of the intraday chart) “Rounded Reversal” or “Price Arc” pattern playing out in the stock market right now, which is one of my favorite patterns. Let’s take a look at the current “arc” structure and note two levels of Fibonacci Retracements to watch as the Arc continues. I’ve been…
In keeping with the recent lessons with the TICK and trading the intraday markets, let’s take a broader perspective of the past few days to see specifically how clean TICK Divergences helped you trade “swings” or mini-reversals intraday in the SPY or S&P 500 index. Here’s the broader multi-day chart: Click for full-size image. This…