For the second day in a row, we’ve had an afternoon reversal rally after prior divergences in internals – that’s unusual but it does happen and it can reveal the character of the market. It’s also a lesson in active trade management. Let’s look at the Reversal and the “Popped Stops” Play that followed: To…
Earlier, I posted on FinViz’s new “Bubble Chart” tool and asked readers to submit other examples of free, useful “heat map” resources. This post links to four of those resources as follows: 1. FinViz’s Heat Map Page This is my favorite tool, because you can visualize the stocks of the market in many ways, including…
Here we go again – from the looks of it, price is forming another classic Rounded Reversal Pattern complete with negative divergences, which would forecast a retest of 1,040. Let’s see what levels to watch that would confirm or disconfirm that view from a chart perspective: (Click for full-size image) Quick commentary shows us the…
One of my favorite things about technical analysis/charting is uncovering past patterns that resemble what’s happening right now in the market. Doing so allows for comparison to see if history is repeating, and if history repeats – or the pattern repeats – then we have a literal roadmap to the future.
This is also known as studying the structure or character of a market – in regard to repetition in behavior and supply/demand.
It’s that time of year again! The Los Angeles Trader’s Expo is now two months away so it’s time to make plans now to attend! The mid-year Expo will take place from Wednesday – Saturday, June 9 – 12. The Traders Expos are great places to meet fellow traders, network with other traders and enthusiasts,…
Ahh the finger trade. One of most traders’ least favorite outcomes and set-ups in the trading environment.
What’s the finger? Read on and let’s see how the market “gave traders the finger” this afternoon.Ahh the finger trade. One of most traders’ least favorite outcomes and set-ups in the trading environment.
What’s the finger? Read on and let’s see how the market “gave traders the finger” this afternoon.
Today will be one of those days we reference for a long time to come.
On such days, it’s helpful to take a breath and assess the cross-market movements as seen on the five key inter-market ETFs as shown below.
Let’s look at the daily chart and take a quick overview of the S&P 500, Gold, Oil, The Dollar Index, and Bond/Note Prices.
We’ve had a volatile start to the first week in May!
Let’s take a quick moment to assess the damage on the three main US Equity Index charts for reference levels to watch going forward.
I’ve written previously about the long-term triangle in Exxon-Mobil and had a reader request to update that analysis, and this time I’ll add a monthly arithmetic and logarithmic trendline to the mix.
With April 28th’s Fed decision to keep the Fed Funds rate unchanged, let’s take a look back on the last 10 years to see the relationship between the Fed Funds Rate and the S&P 500 … which might be very surprising to you.