I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
I’ve been hearing a lot of discussion about the “Death Cross” in the Russell 2000, particularly in the IWM ETF. Let’s identify what a “Death Cross” is and then test out prior performance of “Death Crosses” specifically in the IWM Russell 2000 ETF. Here’s a current chart – and we’ll step inside it all shortly:…
Perhaps not surprisingly, the stock market pushed yet again to another intraday high today as the non-stop bullish uptrend continued, yet this time we saw a quick retracement down to the rising trendline. Let’s start with our updated, uptrending S&P 500 intraday chart: A stable rising trendline pattern contains the progressive higher highs and higher…
Perhaps not surprisingly, the stock market pushed yet again to another intraday high today as the non-stop bullish uptrend continued. Let’s take a look at our current S&P 500 levels, Sector Breadth, and note the top trending stocks of the day: Yesterday’s Fed Day simply spurred additional buying pressure into the market – initially from…
Google (GOOG) faces an important “make or break” resistance challenge as a short-term range pattern continues. Let’s see the pattern, highlight the level, and plan our trades from this vantage point. A simple chart shows us the short-term rising range (highlighted) that has developed from August to present. These trendlines have contained price as it…
After yesterday’s strength, we have today’s retracement of the bullish reversal. Though price pushed to new highs, it was on negative divergences and we’ve seen downside action so far this morning. The afternoon gives us a “Fed Day Announcement” which could radically change the structure, but first, let’s update our S&P 500 chart then highlight…
And now for something a little different! Today’s session sported a strong Bullish Reversal in the S&P 500 from a “Rounded Reversal” and bullish divergence pattern. Let’s update our chart and note the key trending stocks of the day. I highlighted the positive market internal divergences to members last night (and in this morning’s briefing…
When using moving averages on a chart to find possible targets and support levels, which exact moving average setting should you use? How about more than one? The “Moving Average Cluster” charts help answer this question by finding overlapping price levels where more than one moving average meets. Let’s see these charts of hidden support…
We’re still charting the key levels on the S&P 500 along with trending stocks of the day. Let’s start today’s update with the Breadth Signal Chart and then Pinpoint Trending Stocks of the Day: With today’s slight sell-session moving forward, we see the logical picture in Breadth. Strength (for now) is concentrated in the Utilities…
What are the top five most over-extended (bullish uptrending) stocks and which are the top five under-extended (bearish downtrending) stocks in the S&P 500 right now? Let’s update our scans and see what they are and how we may trade them. We’re defining “over-extended” as being the highest percentage “extended” above the rising 200 day…
Even if you are only a stock market trader, it’s important to view money flow moving across major markets. Let’s take a quick update of our “Cross-Market Money Flow” trends as we move into the middle of September. We’re seeing the futures contracts of the S&P 500, Gold, Crude Oil, and US Dollar Index. From…