I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
What goes up must come down, and in the market, what goes sideways must break out. We’re currently charting a wide range pattern but soon, we’ll need to shift gears for a breakout event, so let’s plan both of these events and be ready to jump in when the market tells us it’s safe to…
Stocks stalled after surging from the QE intervention announcement in Europe. However, today’s session saw a sharp recovery and we’ll begin our update with the bigger picture chart. Here’s the intraday S&P 500 and levels to watch for planning: Thursday’s session saw a straight-up rally as expected from the announcement that the ECB would intervene…
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…
Like the expected knee-jerk reaction, stocks rallied on news that the European Central Bank will engage in a Quantitative Easing program similar to that in the United States (three rounds). With the expected bullish outcome occurring, our job is to go with the money flow as stocks rally while being cautious of any sign of…
What levels are important in the market right now and which stocks are the top trending candidates of the day? We’ll start our update and stock scan with our S&P 500 level chart: Our key focal point will be the converging trendlines – namely the horizontal line near 2,027 and the rising lower trendline intersecting…
Which stocks topped our algorithmic list of strongest (and weakest) intraday trending stocks today? Let’s take a look – plus we have a bonus after-market gap (surge) for two of these stocks. Here’s our top intraday up-trenders: Jumping straight to the point, our top trenders of the day include Netflix (NFLX) and Cree (CREE), both…
As 2015 continues, we’re seeing persistent trends develop across key markets. Let’s take a look at one obvious trend, one stealthy trend, and two common trends we should be watching. All traders are likely aware of the “commodity crash” or collapse in Crude Oil prices. The collapse was widely reported and frequently traded – whether…
After yesterday’s Swiss Franc surprise (see the “Aftermath Update” post from this morning), the US S&P not only stabilized but is showing signs of a bullish short-term reversal. We’ll start our update and stock scan with our S&P 500 level chart: Mainly, we’re focusing our attention right now on the 2,010 level for a possible…
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…
It’s time once again to plan our intraday and swing trades off the key inflection (pivot) level 2,000 in the S&P 500. “Will it hold or will it break?” What happens next on the movement away from 2,000 will define our bullish or bearish strategies. Here’s a pure price chart to highlight this level and…