I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
So far, stocks are taking a breather (retracing) to end 2014 with two final days of selling pressure. Still, the S&P 500 will be up around 13% for the year – an impressive gain for a single year. For our last mid-day update post of 2014, let’s focus on what the market is saying and…
CME Group (CME) is forming an ‘Arc Trendline’ pattern that is among my favorite patterns to trade. Let’s view the arc, note the levels, and highlight profit opportunities from future movement: Imagine these curved or arc trendlines as you would regular trendlines where price tends to trade down from resistance and up off support. However,…
We’re accustomed to seeing stocks at all-time highs but what about other markets? And what do long-term charts – specifically back to the early 1980’s – show about stocks, the Dollar, Gold, Oil, and US Treasury Yields? There’s only one way to find out these insights from the long-term frame: Let’s see them! We’ll highlight…
As 2014 quickly rushes to a close, let’s highlight today’s strongest trending stocks and note potential opportunities that may develop from these candidates. Here’s our daily list of strongest intraday trending bullish stocks: I selected these stocks using our daily relative strength algorithm (which I use in each day’s free blog update post), only this…
Santa just stuffed our stocking earlier with a 5.0% US GDP growth, sending stocks gapping higher this morning. So far, price has held the gain and trades at a fresh new all-time high. Be sure to see this morning’s “Big Picture Update” for a comparison of what that looks like on the Monthly Frame. Let’s…
As we slide toward the end of 2014, let’s take a moment to review the broader trends – recessions and recoveries – of the Big Three US Equity Indexes. It could help put your current trades in a larger perspective, especially for short-term traders. We’ll start with the S&P 500: Before we compare charts, let’s…
We begin our holiday week awaiting the possible “Santa Claus” bullish rally to keep the stock market trading higher. Let’s update our chart, note the message from Breadth, and focus on strong (and weak) stocks to trade: An expanded intraday chart reveals the divergent reversal (which we aggressively highlighted to members ahead of the expected…
Up, up and away in the aftermath of the Fed Day! Stocks continued their short-squeezed (pre-holiday) rally to end the week at the highs, piercing the 2,070 index level. Let’s update our chart, note the message from Breadth, and focus on strong (and weak) stocks to trade: The Fed threaded the needle and told the…
With trends shifting and reversing across global markets, let’s step back and take a quick look at a simple chart grid of country ETFs and note signs of relative strength or weakness. Here’s the chart grid: The grid above only highlights the MSCI iShares Exchange Trade Funds (ETFs) so be sure to go beyond this…
With today’s Fed Day generating the typical pattern and volatility, let’s focus on our levels and stocks to trade: Chair Yellen is current speaking at the post-announcement press conference so be sure to follow market reaction to any new information revealed. In absence of any surprises, focus your attention on the blue highlight near 2,015…