I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
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…
Buyers extended their dominance today, though they’re meeting resistance with divergences, suggesting their bullish swing may be ending. Let’s update our key levels, highlight the divergence, and of course note trending stocks today: For a broader discussion on this ongoing and important pattern, see my update post “Plotting the Current Range and Future Breakout for…
After a lengthy positive divergence into support developed yesterday, buyers (unwilling to let the stock market fall even a tiny bit beneath 2,000) extended the gain and broke stocks higher to continue the wider consolidation pattern. We’ll start with the ongoing intraday downtrend the S&P 500 and highlight our trending stocks: For a broader discussion…
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)…
Stocks continued their sell-swing, yet we’re seeing a similar intervention or V-Spike Pattern that played out last Thursday. We’ll start with the ongoing intraday downtrend the S&P 500 and highlight our trending stocks: For a broader discussion on this ongoing and important pattern, see my update post “Plotting the Current Range and Future Breakout for…
Amazon’s (AMZN) solidly earnings beat expectations yesterday, resulting in a breakout and stock surge higher. However, a bullish reversal pattern – coming off a critical support level – preceded this breakout and gives us a great chance once again to study this important reversal pattern. Let’s chart the pattern and then identify current price levels…
After the Fed Day Wednesday, stocks simply traded down to the lower support of the rising trendline and today rallied up logically from the key level. We’ll start with the ongoing triangle in the S&P 500 which helped us trade today so far: For a broader discussion on this ongoing and important pattern, see my…
It’s no longer a “stealth” movement but a blatant, obvious development that Bond/Treasury prices have surged in the last few months and continue persistent uptrends thanks to bullish money flow. Take a moment to review the prior two updates: “Are You Seeing this Stealth Move in Bond Prices?!” and “Four Strong Trends Kicking Off 2015”…
With the Federal Reserve’s announcement just behind us, let’s update our levels in the aftermath and highlight our top trending stock opportunities of the day (some from earnings announcements). We’ll start with the ongoing triangle in the S&P 500: For a broader discussion on this ongoing and important pattern, see my update post “Plotting the…
Caterpillar (CAT) shares shattered support at the $85.00 per share level on an earnings miss this morning. Wall Street consensus estimated a gain of $1.55 per share yet the actual reported earnings were $1.35 per share. Traders subsequently punished the stock with a downside gap and break of a trendline and key support level. Here’s…