I wanted to take a moment and remind you of the importance of analyzing price “Structure” when setting up what type of trades you are wishing to take, or how to be positioned for a swing or longer-term trade in a given market. Price Structure is probably the simplest form of Technical Analysis, but I…
Thursday’s intraday activity in the markets gave us a great example of the not-so-common pattern of an Arc Trendline Reversal Break (I’m sure there could be a better name for that), which is a good opportunity to play a reversal trade off a price climax low. Let’s first see the pattern, learn the concept, and…
One of the main themes recently in the FOREX market is the weakening of the Dollar relative to other currencies. Let’s that a quick chart-peak at the 2010 move in the EUR-USD FOREX Pair and note key resistance levels broken and a potential “Measured Move” price projection target that is due to hit soon… and…
I’ve been discussing this ‘triple-play’ extensively in the Weekly Reports, but I wanted to pull the perspective back and show the pure price moves that seem to be tripping up a lot of traders right now. I often show in blog posts and in member reports that the picture can become clearest without a myriad…
Investors in Amazon.com (AMZN) have been treated to a multi-month rally, but we need to watch the $160 level as overhead resistance, look to short-term support, and note the key price levels that will be important in determining the next likely move for the stock. Let’s start first with the Monthly ‘structure’ view: Without going…
If you’ve been watching shares of leading stock Caterpillar (CAT) recently, you probably noticed something extraordinary unusual – at least from a price standpoint. In a permanent reminder of why watching price levels on the higher timeframe is important to both investors and traders, Caterpillar shares again brushed up into an overhead brick wall of…
You may be asking, “What are Market Internals saying about the recent price action in the S&P 500?” Good question! Let’s take a look at current intraday market internals and also note the developing ascending triangle price pattern that is forming – and of course the trendline price boundaries to watch for clues for a…
Exxon-Mobile’s (XOM) stock chart has a tendency to form triangle patterns – as I’ve pointed out in the past. It looks like another symmetrical triangle price pattern has formed, with price slightly tipping above the upper boundary on lackluster volume and momentum – perhaps we’ll need to redraw the boundary. Let’s take a look at…
I have to say the current stock market breakout has been one of the weaker technical (chart) breakouts in terms of volume, momentum, and internals. Let’s take a look at the current picture of Daily Chart market internals on the Dow Jones and NASDAQ Indexes year-to-date. Let’s start first with the Dow-30 Index: Let’s break…
With Silver screaming to new price highs, it’s time to pull out the Fibonacci Price Projection tool to see where upper indicator price confluences exist. Fibonacci Projection tools are a type of advanced analysis, but follow with me and we’ll walk through it together. First, the chart: (Click for full-size chart) For detailed information on…