Not only is Akamai Technologies (AKAM) triggering another successful breakout trade right now, but we can step inside the history of repeated breakouts and learn a real-world trading lesson from this stock from prior outcomes. Let’s start with the Weekly Chart, highlight the breakout, and focus on what this stock can teach us now: I…
Netflix (NFLX) broke powerfully higher overnight on earnings, continuing a multi-year uptrend and confirming the concept of “what is strong tends to get stronger.” Let’s view the Monthly, Weekly, and now Daily Chart to highlight where price has come and where it might be going now. As a bonus, we’ll step inside today’s intraday action…
One of my favorite breakout trading patterns is the Triangle, and GoPro (GPRO) just gave us three back-to-back-to-back intraday examples of this set-up. Let’s take a look at these patterns and learn specifically how to recognize and trade this pattern. Let’s focus on the three highlighted triangle patterns step-by-step. First, a Triangle develops when price…
It’s easy to get caught up in thinking “The market will go up forever!” when in reality, the rules of gravity have not been permanently amended. What goes up must come down, and trends (even intraday ones) must eventually retrace. Divergences are great warning signs that a mature trend may soon reverse. Let’s revisit this…
How can momentum divergences help your trading style? Simple – by providing early warning signals of market reversals. But divergences alone aren’t enough to trigger a trade. Let’s see another example of one of my favorite trade set-ups that played out recently in Crude Oil, and of course what levels we’re targeting now. First, take…
Let’s step outside the noise and view a broader picture of the reference charts for “Color Market Structure” and Trend for the US S&P 500, US Dollar Index, along with leading commodities Gold and Crude Oil. Structure Charts help us pinpoint the trend and help put our positions in a broader context. We’ll start with…
You’ve heard the increased discussion about “Deflation” in the global economy, but what does that mean? Let’s take a quick fly-by view of 8 Commodity Charts and see what’s happening and how to put this in context. We’ll start with four commodities hit worst by declining prices: A Deflationary Environment is marked (in simplest terms)…
A reader asked me to take a look at MannKind (MNKD) and I wanted to highlight a couple of important lessons from the stock and what levels are important at the moment. Let’s learn a quick lesson about momentum divergences and trend reversals from this stock. Let’s take this chart one step at a time….
If you didn’t catch Netflix (NFLX) off the critical support level, and now the breakout event, have you missed the boat on profiting from this rally? Let’s take a look at the chart, key levels, and yes the upside targets to play for from here. We’ll start with the Daily Chart: Price gapped lower in…
I wanted to highlight the ‘damage’ or intense price movement on select FOREX pairs because – probably – we’ll never see another overnight move like this in our lifetimes. The Swiss National Bank shocked the markets with a “Black Swan” announcement that they will no longer intervene to stabilize their currency against the Euro. For…