I’m seeing a lot of comments about Sina.com (SINA) stock, first with the run-up in share prices and now with the stellar retracement/sell-off phase underway. Let’s take a look at the current action and mix in a few important trading tips and lessons along the way. First, the “bigger picture” Daily Chart for perspective: Starting…
It’s time for another update in the new series “Wednesday with Wyckoff,” where I take a brief idea from the writings of Richard Wyckoff and apply it to today’s markets. Last week’s entry was a lesson – with colorful imagery – on a stock breaking through a resistance level. Today’s topic is on “Trading in…
Intraday Gold prices are forming a classic “Arc Trendline” pattern that should be interesting to follow in the week ahead – depending on whether this structure continues gently or if price breaks firmly through one of the arc trendlines in place. Let’s take a look at the pattern and note the levels we should be…
I wanted to start a new series of educational posts entitled “Wednesdays with Wyckoff,” in which I will take a quote from the writings of Richard Wyckoff (of the early 1900s) and apply the lesson or idea with an example from today’s markets. Wyckoff was one of the early fathers of Technical Analysis, and contributed…
Many investors were taken sharply by surprise initially by the stellar run-up in Silver prices, and then perhaps more so by the dramatic collapse in prices after the period of euphoria and instability. But how do you define “instability” and “euphoria” objectively? Let’s learn a lesson from Silver’s Sigma (Standard Deviation) Bands and see what…
While scanning major ETFs, I found an interesting pattern/structure that I wanted to share on the Regional Banking ETF – KRE. The Regional Banking ETF can be a good proxy for smaller/community banks as opposed to the large financial institutions like Bank of America, Citigroup, JP Morgan, etc. So what’s going on and what should…
Many stock traders are aware of the meteoric rise in Wynn Resorts (WYNN), but new traders often report having difficulty finding that perfect entry into such a popular, strongly uptrending stock. Let’s take a step back and learn a few tips on trading simple breakout and retracement trades into a powerfully trending stock. Let’s start…
Traders are still adjusting to the significant sell-offs this week in the commodity markets, including Crude Oil which broke sharply today. Let’s see the daily chart pattern leading to the sell-off and see a great reference example of the “Three Push” reversal pattern with “Triple Swing” Negative Divergences. Crude Oil Futures (@CL) Daily: First of…
As chartists, we have a tendency to over-complicate the simple price chart with a plethora of indicators and overlays. We’re all guilty of this, and the solution is to take a brief moment to look at a pure price chart of a stock or index (or ETF). When you do that, you tend to see…
There’s a large-scale (from the perspective of the intraday chart) “Rounded Reversal” or “Price Arc” pattern playing out in the stock market right now, which is one of my favorite patterns. Let’s take a look at the current “arc” structure and note two levels of Fibonacci Retracements to watch as the Arc continues. I’ve been…