The recent 30-min intraday chart of Crude Oil (futures – CL) serves as a great example of how a certain type of price reversal forms, along with showing specific components that go into the short-term trend reversal process. Let’s take a moment to learn from this example and see the applicable lessons in this situation:…
What is the current chart picture of BP shares, after the bad press from the oil spill has died down? It turns out they’re compressed between two timeframes of key EMAs, which gives us an excellent chance to take a look at this concept and watch what happens with the eventual resolution of these boundaries….
I’ve had a couple of requests lately to take a look at China’s Shanghai index ($SSEC) and indeed there’s something interesting going on in the charts. Let’s take a look at the confluence support and resistance levels on both the Weekly and Daily charts and set-up the next likely plays depending on how price acts…
While today’s intraday trading session didn’t offer stellar opportunities in the low-volatility session, those who were watching the 30min SPY chart in conjunction with the 5-min or 1-min SPY charts had a distinct information advantage today. Let’s take a look at why that was so and learn a lesson in how to trade lower frames…
Today is a good day to brush off the old Technical Analysis 101 handbook to review a simple – yet very effective – concept regarding trends. In a trending environment, price often retraces to the 20 day EMA to continue the move in place. However, if ever the 20 day EMA breaks – and it…
I posted a recent update on Caterpillar (CAT) on September 30th, noting the price at the $80 level, and one month later… not much has changed. Caterpillar shares have held the $80 per share level like a major wall of overhead resistance, as we’ll see in this update, and now it’s time to turn back…
File this under “In case you missed it,” the US Dollar hit a new fifteen-year low this morning and has held under that zone for the remainder of the trading session so far. Let’s take a look at the monthly USD-JPY (US Dollar / Japanese Yen) Monthly Chart, see the break to new low, and…
It always amazes me when price charts repeat almost exactly a previous pattern – but it’s not common to see a pattern this large repeat this intricately as we’re seeing the current “arc” rally structure do. Let’s get an update on the pattern and see what’s in store next if the pattern repetition continues. First,…
BIDU has been one of those companies that just keeps on giving and giving – similar to Apple’s (AAPL) amazing price rally. Let’s take a look at its weekly chart, note the 10x move from the 2009 lows, and learn a few simple lessons on how to trade these kind of moves – with a…
I always enjoy pointing out unusual or strange similarities in price structure over time, and one of the most eerie ones on a larger scale that has occurred recently is the similarities of the two “Creeper” trends in 2010. A chart is worth 1,000 words: What we’re seeing is the two big rallies in 2010…