I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
The intraday downtrend continued and price traded down from the 1,997 inflection level mentioned in yesterday’s mid-day planning post. Let’s update our S&P 500 level chart, highlight breadth, and see the strong intraday trending stocks right now. Price continued the downtrend in motion through September and pushed to another (small) new price low during today’s…
I know, it’s not the most compelling title, but it is very important for all of us to monitor the Volatility or Cycles of Market Internals, especially those of us who use them in our trading or analysis. Let’s update our TICK Volatility Chart and note the current important intraday levels for trading with the…
What levels remain important for the S&P 500, what does Breadth suggest about today’s price action, and which stocks are our pro-trending candidates of this important session? Let’s start with the S&P 500 and pinpoint the trend and key levels for planning: The 1,997 level – which is roughly the 50% Fibonacci Retracement as drawn…
The S&P 500 is downtrending on the intraday frame and pulling back from a resistance target near 2,010, but we have a key pivot point that will determine whether we’ll be bulls or bears for the next few sessions. Let’s take a look at the charts, breadth, and highlight our trending stocks of the day….
If you’re a trader or follower of crude oil, you’ve noticed the increased volatility and intraday gaps with reversals over the last few sessions. Let’s take a look at what’s happened and where we are now in the market (the lessons goes beyond crude oil). We’ll start with the transition from “stable” to “unstable”: Before…
As we wind down our first trading session of the week, let’s take a look at the message from our Sector Breadth Chart and highlight trending stocks of the day that may continue to trend into the next session. We’ll start with our perspective on Sector Breadth: We see another mixed picture of Sector Breadth…
We’re seeing another price expansion or trend phase from a triangle breakout in theUSDJPY (Japanese Yen) FOREX Pair. I highlighted this opportunity at the beginning of the breakout (reference the earlier post). Let’s update our chart and highlight the lessons we can learn from two Triangle Patterns: First, triangle patterns represent price compression (consolidation) and…
The market has reversed course each day this week and today’s session is no exception. Let’s update our rangebound S&P 500 intraday chart, highlight sector breadth, and end with our strongly trending stock scan of the day. The S&P 500 has remained in a rather violent trading range the last few sessions as volatility has…
This morning’s session for BP has been a windfall for the bears. However, shares trade on the “edge” of a support level that – if broken – simply opens price to a further sharp decline. Let’s pinpoint this level and the view our “Color Value Area” Chart for BP: For starters, BP has reversed into…
What a fun week it’s been so far! Buyers short-squeezed the market higher each day only to fail to hold the gains as mid-day reversals plagued the market. Today is no exception as we see another instance of morning strength giving way to afternoon weakness in the stock market. Let’s look beneath the price to…