Daily Commentary

I wanted to provide a quick Fibonacci Retracement reference guide for short-term levels in the Big Three US Equity Indexes (Dow, S&P 500, and NASDAQ). Without further delay, let’s focus on the key Fibonacci Levels we can incorporate into our trading and analysis: I’ll simply refer to the reference levels in this post – be…

Finally the bulls made their strike – they were ready to pounce after a series of sell-days struck the market. Today’s session was a powerful reversal with bullish action virtually across the board. Let’s start with our S&P 500 Chart and highlight the top trending stocks of the day: Before we discuss today’s session, let’s…

Apple shares (AAPL) continue their triangle or “EMA Compression” pattern as we await an official breakout trade entry trigger. Let’s update our “Triangle Trade” chart from last week and focus on the key trigger-entry levels along with the potential targets to paly for should an actual breakout occur soon. We’ll start with the daily chart:…

Retracement or V-Spike Reversal? So far, buyers aggressively defended the 1,930 index level and now short-sellers may be on the run after an impressive victory – at least for today. Let’s update our S&P 500 chart, note Sector Breadth, and focus on the top trending stocks of the session: Price plunged down away from the…

When assessing the probability of a retracement (meaning the trend will continue) or larger reversal (meaning we’ll see a steep retracement or possible trend reversal), it’s often helpful to look at Market Breadth and other internals. Let’s update our Market Breadth Charts for the entirety of 2014 and note a clear warning sign from NYSE…

Today certainly won’t be remembered as an ordinary, average day! At mid-day, stock prices are collapsing in a liquidation swing as sellers broke price under a key support level (opening the bearish pathway we see now). Let’s update our S&P 500 chart and highlight the top trending stocks of the day as usual: We saw…

Ford shares (F) broke a critical support level and collapsed instantly toward the current key level where we’ll be watching for a reaction. We can study this textbook example (of a sudden yet telegraphed market reversal) as we focus on the current pivot support. Here’s the Daily Chart with breakdown: Shares rallied most of 2014…

For those awaiting a breakout in Chipotle shares (CMG), the wait may be coming to an end. Shares currently remain compressed between the 20 and 50 EMAs as traders await a range (and EMA) breakout. Let’s update our charts and plot the “Breakout Pathways” for trading this stock: I initially highlighted this “EMA Compression” last…

New low?  Reversal?  Retracement? Let’s take a look at our intraday S&P 500 for today’s update and highlight the up and down trending stocks of the session for possible opportunities to trade into the close. We’re taking a broader perspective of the intraday chart to highlight the current (short-term) Fibonacci Retracement levels as drawn. We…