I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
We have yet another sell session in motion, let’s take a moment to highlight key levels, read breadth, and find opportunities in the top trending stocks for the day. We’ll start as usual with our S&P 500 level chart: Ultimately, price is doing exactly what it should be doing, at least in terms of breaking…
So far today has been a thrilling session. Let’s jump straight into our mid-day “turnaround” update and plot levels and trending stocks that are important. We’ll start as usual with our S&P 500 level chart: Be sure to start with this morning’s update on “Support and Resistance Planning for the S&P 500 and Dow Jones”…
We have another sell session in motion, let’s take a moment to highlight key levels, read breadth, and find opportunities in the top trending stocks for the day. We’ll start as usual with our S&P 500 level chart: Be sure to start with this morning’s update on “Support and Resistance Planning for the S&P 500…
The S&P 500 (and Dow Jones Index) has compressed between moving average support and resistance levels. In simplest terms, we’re waiting for a breakout of these levels to trigger bullish… or bearish… trading strategies for the next market swing. Let’s chart these simple levels and note what’s important to watch on the chart: Let’s focus…
Pop Quiz – would you have made more money holding bonds all of 2014 or stocks? Easy, right? Stocks made many new all-time highs throughout the year and advanced 13% for a great year. Did you know bonds – at least measured by tradable ETF TLT – almost doubled that gain? It’s very hard to…
Which way will top trending stock Apple (AAPL) swing next? Let’s pinpoint the key levels and chart our trade planning pathways! We’ll start with the Daily Chart for a broader overview: I enjoy keeping analysis and trade planning simple. With that, let’s start with the basic uptrend in motion (bullish unless proven otherwise) and the…
This morning’s breakout above the market resistance level triggered a wave of buying – both from bulls but also from bears, rapidly buying to cover losses from misplaced short-sold positions. Let’s update our chart and highlight the top trending stocks of today. As I highlighted to members, the “Rounded Reversal” on January 6th set the…
For today’s “Post-Fed Minutes Update,” let’s focus on the top four Relative Strength leaders and laggards as possible trading candidates. Without further delay, here are our top four strongest intraday trending stocks at the moment: This list is similar to our Daily Update Posts using the relative strength algorithmic scan off the opening price. Today’s…
I’ve been highlighting this “Arc” or “Mirror Image” Pattern in the S&P 500 and US Stock market to members as it developed, but let’s take a look at the pattern as it nears completion. Here’s the S&P 500 “Arc” or “Mirror Image Foldback” Pattern in currently motion: A “Mirror Image Foldback” Price Pattern is a…
Stocks tumbled sharply this morning, breaking a key support level which exacerbated the selling pressure already underway. Let’s update our levels and note the strongest downtrending (collapsing) stocks for today’s trading session. I’ll provide a more detailed update and targets for Daily Members but for now, let’s focus on the failure to hold the price…