It’s time for a webinar event! Wednesday, October 12th at 3:30 CST / 4:30 EST, I’ll be conducting a webinar sponsored by Trader Kingdom and ICE Futures entitled: “Trusting and Trading Trend Reversals” It will be a unique event, as the content has been designed from question you all asked! Here’s a quick description of…
I’m a huge believer that “history repeats,” and one can often see similar situations developing now that formed in the past. True, nothing repeats with exactitude, but you can often learn lessons – mainly about assumptions and outcomes – from studying similar chart formations that have developed in the past. Let’s take a look at…
Previously, I explained what a “Creeper Trend” is, how it develops, and – if you’re willing to feel uncomfortable – how to trade it (it’s not your typical trade set-up). I wanted to follow-up that lesson with a great example of a “Creeper Trend” formation (trade entry), Trend Reversal (with excellent positive momentum divergence example),…
Many traders report difficulty in trading “Creeper Trends” or “Oozing Trends” that neither give reversal signals nor safe entry signals. Let’s take a quick look at the @ES (S&P 500) and @CL (Crude Oil) Futures contracts to see the overnight action that provided the framework for today’s continued “creeper” intraday trend moves on September 27th….
If you were paying attention to the deteriorating economic headlines, you might not have noticed a bright spot among the bearish headlines. Apple (AAPL) shares broke this week to new lifetime highs after giving a “triangle” breakout buy signal on the Daily Chart with a supportive structure from the higher timeframes. Let’s take a look…
What are Market Internals revealing about the current position of the S&P 500? Let’s take a look at the current structure and make note of prior reversals via Market Internal Divergences: Let’s take the somewhat busy chart step-by-step for clarification. What we’re seeing is the 15-min S&P 500 Index with two different Market Internal gauges:…
With the European financial situation dominating headlines, traders continue to monitor the strength of Germany’s economy as the strongest economy in the region. There’s an interesting chart pattern situation developing on Germany’s DAX index (stock market), so let’s focus on the triple-timeframe picture which includes a critical support level on the higher frames and a…
In general, crude oil prices are closely following stock prices, including the recent rally into confluence resistance. Let’s chart that key resistance level to watch on the daily chart in Crude Oil: Let’s start with the current structure and then take a moment to learn a few charting lessons from similar set-ups in the last…
With the recent sharp downturn in the stock market, we have a new list of most “over-extended” and “under-extended” stocks from their 200 day Simple Moving Average. Let’s take a look at the current scan results of most extended S&P 500 stocks, starting with most over-extended: To recap briefly, the purpose of this scan is…
Sometimes, it’s very important to strip your chart of all indicators and just focus on the message from price, which comes through clearest without all the clutter. There’s a very clear message from price itself in terms of range/value reference areas, so let’s listen to what price says and how we should treat these key…