I had a suspicion a big pop might happen but it’s still sometimes surreal to see it happen first thing in the New Year! Let’s take a look at the “repeating history” (you might be very surprised) and learn lessons from yet another excellent example of one of my favorite concepts – Popped Stops. First,…
I’m a big fan of monitoring price – particularly in a trending environment – with respective 20 and 50 day exponential moving averages (EMAs). Recently, gold (and GLD) have shown a good example of how EMAs serve as good reference points for expected/potential support in the context of a rising bullish trend. Let’s take a…
Goldman Sachs has been a wild ride for both investors and traders this year, despite being a leading financial company. As per usual practice, the chart gives us excellent examples of trading tactics we can use as a reference for the future. Let’s take a look specifically at Two Divergences and the resulting Two Breakouts…
Traders frequently study market internals – including breadth – to peek under the hood of a price movement or trend to see if internals are confirming the move (suggesting continuation) or disconfirming the move (suggesting retracement or reversal). Let’s take a look at what S&P 500 specific Internals – breadth – have taught us about…
So far, this December is on path to be one of the best performing Decembers in market history. Let’s take a quick summary look at the market performance in the month of December – one of the most bullish months of the year – and compare now with prior monthly returns over the past decade….
Netflix (NFLX) has been showing up frequently on many trading radars, and for good reason – the stock has doubled from $100 to $200 from August to December, and it did so within a stable uptrending structure that allowed for low-risk entries – either from a retracement standpoint or a breakout move – into the…
I love highlighting divergences in posts – they’re also enjoyable to trade when you get used to seeing them at key turning points in the market, particularly at a higher timeframe key level. Let’s learn from a recent example from this morning’s hard push to new lows… that was met with a sharp positive TICK…
Sandisk (SNDK) has been an interesting stock and is currently knocking at – or perhaps breaking through – key overhead resistance at the $50 per share level. Let’s take a look at the current chart picture, note key levels to watch, and the dominant larger-scale “IF/THEN” logic to monitor as the weeks go on from…
While many investors or traders have been focused on gold prices, the Silver market has actually outperformed in a big way, but it’s come into a round number resistance level that’s worth studying more. Let’s take a look at the (amazing) weekly chart of Silver, then turn to the Daily Chart for key levels to…
Bank of America has been in the news lately, and it’s one of the major financial companies that’s underperfoming its peers in the financial sector. Let’s start with the Weekly Chart and then drill down to the Daily Chart to look at possible opportunities, levels, and lessons. BAC Weekly: If we cut through the noise…