In keeping with the recent lessons with the TICK and trading the intraday markets, let’s take a broader perspective of the past few days to see specifically how clean TICK Divergences helped you trade “swings” or mini-reversals intraday in the SPY or S&P 500 index. Here’s the broader multi-day chart: Click for full-size image. This…
Exchange Traded Funds are gaining wide popularity for investors and traders alike, and for great reasons. I need not trumpet the many benefits of trading or investing with ETFs. However, I wanted to bring up a recent example of Japan and the spike in trading of the popular EWJ ETF which left a few invstors…
I had a good question come in this evening which led to this post, clarifying one main tactic to trade (and forecast) with the NYSE TICK. The question was along the lines of: “Price and TICK both made a new high today but the bullish signal failed because the market reversed.” To which I thought,…
I’m overdue for an intraday trading lesson! Today gave us a great example of how to set-up, forecast, and trade a classic “Dead Cat Bounce” set-up on the intraday charts from a surprise or ‘shock’ move that created a large impulse move. Let’s take a moment and learn this lesson step-by-step, keeping in mind that…
Picking up on yesterday’s theme of “Higher Timeframe Perspectives,” let’s take a look at the larger structure of silver and learn a few lessons in commodity price breakouts which can travel higher than many traders think they can. Let’s start with the big monthly frame of Silver Prices: Keep in mind that silver prices are…
It’s back – and you’d be surprised at how few changes there were in the Top Three Extended Stocks from their 200 day SMA. I originally posted a similar screen on March 21st and – surprise – there few changes to the top listing via the FinViz stock screener. Let’s take a look at the…
It seems all traders seek to answer the same question: “When is this market likely to reverse?” Newer traders tend to love “reversal” style strategies, wanting to enter as close as possible to a trend reversal in order to have the tightest stop and biggest target possible. While no strategy can call a top or…
I strongly advocate “thinking in themes” rather than indicators and keeping your focus as much as possible on price structure. Namely, you want to know “what is price doing and how effectively is it doing in?” Here – let’s look at the current SPY intraday world to pick up on a theme that you may…
When we think of inter-market positive relationships, most of us think of Stocks, Crude Oil, and Gold (among other commodities) as highly positively corrlated and that’s true. What doesn’t come to mind immediately is the very strong positive correlation in the 10-year Treasury Note Yield and the S&P 500. It’s an important relationship that traders…
What is the current “hidden” picture of market strength or weakness from the perspective of Market Breadth? Not good, for one. Let’s take a look at NYSE Market Breadth in terms of the current snap-rally and what levels are important to watch. First, the bigger “breadth” picture from the 30-min chart: What we’re seeing is…