I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Over the last couple of sessions, as I highlighted to members last night, stocks continued their short-squeeze directed creep higher, fully achieving the simple 2,100 Round Number target. The negative divergences flash a big caution sign as price initially moves down away from this target. We’ll update our key levels, highlight the divergence, and of…
As we begin this holiday week fresh from our vacation, let’s highlight six “Power Trending” stocks from our scan. We’ll start with the Six Stock Grid: A quick scan for strongly trending stocks returns these candidates in no particular order. The main idea is that stocks which are strong tend to get stronger, thus we…
As logically expected and as I highlighted to members last night, stocks continued their short-squeeze directed creep higher, trading just shy of the 2,100 round number level. We’ve come down from divergences so far but let’s plan the rest of the session. We’ll update our key levels, highlight the divergence, and of course note trending…
Amazon (AMZN) continued its upward pathway following the recent trend reversal and breakway gap. Let’s update our charts and plot current target levels as we study this great breakout-and-trend example. For a bit of background, be sure to read the previous post “Amazon’s Bullish Surge from Divergences at Support.” In that post, I detailed the…
The Short-Squeeze Breakout game-plan triggered this morning and the expected breakout impulse thrust price toward all-time highs again. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: Let’s start with an update from the prior update on the current range and breakout targeting for the S&P 500. It took…
Markets STILL are never boring! Today’s action again reminds us of that fact. A rangebound morning devolved into a breakdown, and the sell-off was halted from an intervention buy event from the buyers. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: Price logically moved down away from 2,070…
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…
We’re still waiting on your breakout, Mr. Market. Until then, we’ll keep playing the brief game of Ping-Pong you’ve set-up within the clearly defined trading range. Let’s update our short-term S&P 500 planning and get ready for the breakout… or simply more of the same. Be sure to take a look at January 26th’s “Plotting…
Markets are never boring! That’s for sure. What started as a strong, bullish session has now reversed – from negative divergences – to a Rounded Reversal. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: On the Unemployment Report, stocks started the session trending higher on a short-squeeze but…
Intraday traders often scan for stocks that are strong and likely to get stronger so they can trade in the direction of the trend should it continue for the remainder of the session. Here are eight selected stocks from our algorithmic scan this morning that are showing gaps and potential continual intraday movement in the…