Courtesy FinViz.com, I wanted to share the 2010 multiple market performance – futures contract returns – for 2010. You might be surprised which markets rose the most in the year. Here’s the chart with one day left to close out 2010: Wouldn’t it be neat to have this chart at the beginning of 2010? Wishful…
I’m a big fan of monitoring price – particularly in a trending environment – with respective 20 and 50 day exponential moving averages (EMAs). Recently, gold (and GLD) have shown a good example of how EMAs serve as good reference points for expected/potential support in the context of a rising bullish trend. Let’s take a…
Goldman Sachs has been a wild ride for both investors and traders this year, despite being a leading financial company. As per usual practice, the chart gives us excellent examples of trading tactics we can use as a reference for the future. Let’s take a look specifically at Two Divergences and the resulting Two Breakouts…
Traders frequently study market internals – including breadth – to peek under the hood of a price movement or trend to see if internals are confirming the move (suggesting continuation) or disconfirming the move (suggesting retracement or reversal). Let’s take a look at what S&P 500 specific Internals – breadth – have taught us about…
So far, this December is on path to be one of the best performing Decembers in market history. Let’s take a quick summary look at the market performance in the month of December – one of the most bullish months of the year – and compare now with prior monthly returns over the past decade….
Netflix (NFLX) has been showing up frequently on many trading radars, and for good reason – the stock has doubled from $100 to $200 from August to December, and it did so within a stable uptrending structure that allowed for low-risk entries – either from a retracement standpoint or a breakout move – into the…
The S&P 500 has moved up into a short-term Gann Squares inflection level – similar to a Fibonacci level – which is worth considering as we move into the final push of 2010. Let’s take a look at the updated Gann Squares Chart of the S&P 500 to see what the current and future levels…
I love highlighting divergences in posts – they’re also enjoyable to trade when you get used to seeing them at key turning points in the market, particularly at a higher timeframe key level. Let’s learn from a recent example from this morning’s hard push to new lows… that was met with a sharp positive TICK…
There’s something rather odd about the relationship between Treasury Yields and the S&P 500 over the last few months, as we’ll soon discover in the chart. Let’s take a look at the past positive relationship from the start of the Recession through the current Recovery and make notes and observations along the way. I always…
We’re seeing a big move down this morning in the US Dollar Index (and by proxy, a move UP in the EUR/USD FOREX Pair). Let’s take a quick look at the Hourly Structure and see how this is playing out and what to watch next. In this week’s Inter-market Report to subscribers, I wrote of…