As we end March and the first quarter 2013, let’s take a look at a simple reference chart of how volatility – in terms of intraday range and opening gaps – has cycled over the last few years while highlighting what the current conditions reveal about volatility. Let’s take a look first at the SPY…
I’ve often documented periods where the SP500 (and related indexes) trended steadily between the first and second “sigma band,” and we’re in another period of similar behavior. Let’s update the current S&P 500 and Dow Jones “Sigma Band” (standard deviation) chart and note what levels to watch for clues. The chart above shows the S&P…
As we did with the recent update on Gold’s structure and key levels, let’s take a look at the current progression and price structure that’s developing in Crude Oil. As an educational bonus, we’ll review one of my favorite chart patterns that completed with a powerful outcome. First, the Hourly Intraday Structure Chart of Crude…
As intraday or short-term traders, we often get caught up in our particular futures contracts, ETFs, or favored indexes and we can easily miss the bigger picture in related or similar indexes, especially on the larger frame. That’s the case currently for those of us (I’m guilty too) who focus most of our attention on…
Netflix (NFLX) recently attracted trader and investor attention with the recent gap-up and reversal off its 2012 low, so let’s take a moment to view a key Fibonacci pivot level and assess the Rounded Arc Reversal pattern that brought the stock to its current point. As a bonus, let’s look at price levels that may…
If you use the NYSE TICK (or related Market Internal) in your intraday or short-term trading decisions, it’s important to know what levels are important for the indicator and they do change. Let’s take a look at the daily distributions and key high/low levels in the NYSE TICK and learn a quick lesson in “TICK…
We’re watching a key inflection level in Gold and I wanted to update the current chart landscape to show these levels along with the developing short-term structure. Let’s start with the Daily Chart and highlight the easy-reference levels: In simplest terms, the upside resistance barrier exists from $1,680 to $1,700 while the downside support level…
I wanted to show a quick chart that tracks the progression in terms of S&P 500 Market Structure moving from clear to unclear – from stability to instability. Let’s see what I mean starting with the 30-min intraday structure of the S&P 500: Market Structure give us a quick glance of the progression and strength…
With the S&P 500 recently breaking to new recovery highs above 1,474 and continuing unopposed to the initial 1,500 target, I thought it would be a good exercise to chart prior S&P 500 breakouts to new recovery highs and look at the outcome of these events. Starting with the 2011 breakout above 1,220, there have…
Continuing the series of research posts on the NYSE TICK for intraday and short-term traders, let’s take a look at the breakdown of intraday TICK highs and TICK lows from 2008 to the start of 2013. This continues the logic of interpreting a TICK value in terms of current volatility and average readings, as opposed…