I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
We’re back from a blogging sabbatical! We’re back to our regular daily posting and updates. What a better way to start back with a broad picture of the surprising and persistent movement in money flow so far in 2018? Let’s begin with a simple grid and ease back into the markets: After a relatively muted…
We strongly suspect that the Fed will raise rates at their Wednesday, December 13th meeting. What’s the picture setting up in our Quad-Market Grid before the announcement? Money continues – without stopping – to flow INTO the US Stock Market. At the same time, Gold saw money rapidly flow OUT OF it recently. The US…
Here’s one for the lesson books – Square (SQ) had a euphoric or parabolic rally that gave way to the all-but-inevitable snap-back crash straight into a key support price. Here’s the Euphoric Rise that gave way to the Stellar Collapse: Square (SQ) is a new stock that you may not have traded yet but it’s…
If you enjoy trading trend reversals and surprise bullish rallies (and breakouts), AutoZone (AZO) is the stock for you! Here’s the V-Spike Reversal from Down to Up and the New Levels to Watch: AutoZone (AZO) stalled with a Distribution Pattern near $725 with a breakdown (breakout) and Trend Reversal DOWN in April 2017. From there,…
In the heat of battle, it’s often helpful to raise your perspective to higher ground. That’s what we’re doing here with the clear price patterns and breakout (bullish) phases in this strong, ongoing bull market in stocks. Look Closely at the Bullish Breakouts and Resistance Levels: From the beginning of 2017, the stock market carved…
As an intraday (or short-term) trader, we do best when we recognize repetitive price patterns and frame each trading day by what’s happened in the recent past. For now, we’re seeing a stabbing bull gore the active bears intraday while price trades lower. Of course, if you are an intraday trader, you might have NO…
Today’s intraday V-Spike Reversal gives us a chance to study the set-up to trade an intraday reversal and not get trapped on the wrong side of a rapid movement. Let’s highlight the pattern and pinpoint the higher timeframe support level from which it logically developed: A large gap-down often suggests the early development of a…
Like Lucy and the football with Charlie Brown – always frustrating him at the last minute – the Market fell rapidly to the rising 20 day EMA target for a third time. Will bears be able to break through it this time and kick the football? Or will buyers pull the football away from the…
We posted about a Bullish Surge in Crude Oil this morning, and we’ll now combine that with a bullish reversal into a rising range environment for Gold. What does that mean and what’s the planning levels right now? Let’s start with the hourly (intraday) chart on the left. We have Gold (@GC) falling from a…
It’s the Crude Oil Surge and Breakout! Price reversed up off a key inflection point on positive divergences to set the stage for a bullish rally. Let’s chart the course and update the levels for Crude Oil: In our weekly membership, we called for a bullish reversal up off the $45.00 pivot level as the…