If you use the NYSE TICK (or related Market Internal) in your trading decisions or analysis, it’s important to note changes in the indicator that occur as a result of volatility. In other words, a registered TICK reading of plus or minus 1,000 (a popular level) means one thing in a low volatility environment and…
The S&P 500 Index began trading in a Rising Range pattern as we turned the corner into December and so far has continued bouncing between the trendline boundaries of the pattern. Let’s take a moment to learn a key trading lesson from recognizing and trading this popular price pattern – the tip is to drop…
December 4th’s intraday trading session provided an intraday reversal opportunity and I wanted to take a moment to review the main lessons in anticipating – in real time – and then trading an intraday stock market reversal. Let’s review the steps a market tends to take prior to an intraday reversal and then highlight the…
I’m a big fan of observing EMA Compression set-ups on the charts and Apple (AAPL) is forming a clean pattern on the daily chart that may be worth your attention. Let’s take a look at the daily chart key levels – and EMAs – to watch and then study the recent arc pattern and intraday…
As we transition to December soon, let’s take a look at the critical level to monitor in the S&P 500 to determine our trading strategies as December approaches. Here’s the top-level Daily Chart with key level highlighted: Cutting straight to the point, the Key Inflection Level is 1,410 which reflects the confluence of the following:…
Previously on the blog, I provided monthly statistics for gaps (fades and unfilled gaps) and I wanted to return to that quick research on monthly gap statistics. Here are the Gap Numbers – filled and unfilled – for October 2012: Using Excel from Yahoo Finance data for the SPY, we see that the month of…
As you’re probably aware, the Thanksgiving holiday week tends to be a bullish week and Monday’s price action may be setting the stage for continued bullishness. Let’s take a quick look at the S&P 500 “Big Three” Market Internals and note the recent powerful divergence that set the stage for Monday’s big rally. Here’s the…
If you are an intraday trader and use the NYSE (or related) TICK indicator in your trading decisions, it’s very important to calibrate important TICK Levels with respect to volatility. In simple terms, a TICK Value of 1,000 means different things during periods of high or low broad market volatility, and you can easily make…
With the 2012 Presidential Campaign now in full swing, I thought it would be interesting to observe prior performance of the stock market under the different presidential administrations from Jimmy Carter to Barack Obama. The charts below all begin and end on January 20th as the starting and ending day of a presidential term for…
Which stocks in the S&P 500 are most over and under-extended from their 200 day Simple Moving Averages? And how might we use this information for potential upcoming trades? Let’s take a look at the new scan results at the end of August 2012 and find out. Here’s the Top 5 Stocks Most Over-Extended S&P…