Daily Commentary

Just like the prior times when buyers intervened to force a short-squeeze, we’re seeing the same breakout into shot-squeeze outcome this time above 1,900. Here’s our S&P 500 update and trending stock scan for the day: After the recent V-Spike Intervention at the lows, we’ve seen the market creep like a serpent ever higher into…

With a narrow bounce continuing to drive the market into a known resistance cluster, let’s view the key levels, highlight the trending stock candidates, and update our S&P 500 chart as we start the week of October 20th. Here’s our S&P 500 update and trending stock scan for the day: Again we watch the 1,900…

Netflix shares (NFLX) suffered a large news-based drop last week that took price all the way down to a key monthly support target. Let’s take a look at a potential buy opportunity as shares push into the gap or “open air” created from the plunge. From last week, we saw a gap down into the…

Price today continued its recovery rally into resistance (see this morning’s update for targets) and now we pause mid-day to check key key levels and highlight the top trending stocks of the session. Here’s our S&P 500 update and trending stock scan for the day: Our focal point turns to the underside of 1,900 which…

As was generally expected, the market retraced higher after several down-days in a row took price to a key monthly support level (1,825). Let’s look at the current S&P 500 and Dow Jones charts and highlight the surge back to the underside of the broken 200 day SMA: On the breakdown under the confluence of…

We’re putting the pieces back together from a broken market yesterday! An afternoon violent “V-Spike” Reversal took us right back to where we opened, and today’s session took us just above that level where we are at mid-day. Here’s our S&P 500 update and trending stock scan for the day: After a market collapse (vacuum…

How does current market volatility – which is surging – compare to the two prior post-stimulus (QE) sell-offs that occurred since the 2009 Bear Market Bottom? Let’s take a look at where we are and what may be in store if history is a guide: The chart above shows the S&P 500 index compared with…

“This time, it’s different” and it is very different. When price failed to hold a critical “Make or Break” support level (mentioned yesterday), the outcome was  “Break” and what a powerful breakdown it is! Let’s jump straight ahead into a market with no floor and put the pieces of the broken market back together. We’ll…

The question today remains “Will we see an actual bounce or will we see yet another repeat of the end-of-day collapse outcome?” We’ll start with our chart of the S&P 500 for key clues: The pattern has shown us intraday bounces or rallies up off the falling trendline, only to be met with selling pressure…

After failing at two key support levels very recently, the S&P 500 and broader US Equity Markets have one more major support test and potential bounce as another downside target is fully achieved. Let’s see the support target and note the positive divergences developing into this level: We’ll quickly note that the 1,925 price confluence…