Daily Commentary

Let’s take a quick look at our ongoing intraday Fibonacci Grid along with key Market Internals to plan potential price pathways going forward. Here’s our intraday grid at the moment (note the key level): We’ll focus like a hawk on the 1,950 index level. Note the very slight Market Internal divergence into the 50% Fibonacci…

What’s a “gappy” stock and once we figure that out, which stocks are the ten most “gappy” stocks currently in the S&P 500 index? Let’s get to work and uncover these mysteries! First, on with the list: I’m defining a “gappy” stock as one with a greater tendency to gap, or more specifically, a large…

Let’s take a quick moment to update our “Market Structure” Color Charts for the Big Three US Equity Indexes. We’ll start with the S&P 500: When we view “Market Structure,” we’re simply studying the sequence of price highs and price lows as it creates or builds a trend. Uptrends contain a “higher high/higher low” price…

A quick look at the intraday charts of the S&P 500, Crude Oil, and the US Dollar Index reveal potential trend reversals and future price pathways. Let’s take a unified look at these related markets and plot reversal – or else trend continuity – price pathways (giving rise to trading opportunities). The Triple Chart perspective…

We started the day with an up-gap and have seen a Trend Day ever since. Let’s update our S&P 500 intraday chart, highlight sector breadth, and note the strong trending stocks of the day. We’ll start with the intraday update of the S&P 500: Today’s session showcases a Trend Day and we’ll be monitoring initially…

High-flying stock Priceline (PCLN) triggered a bullish breakout signal this morning with a thrust above the $1,300 resistance level. Let’s update our charts, note targets, and plan a contingency for a possible “bull trap” outcome. Here’s the Daily Chart with the Breakout impulse today: A simple glance at PCLN shows a slight sideways trend with…

I wanted to highlight a “Repeat Pattern” in the S&P 500 that can help us now in planning the next swing. Let’s take a look at the pattern and set our targets for planning: Note the yellow highlights when price trades down under the rising 50 (blue) and 20 (green) day EMA on the thrust…

What are Sector Rotation Charts hinting about the hidden strength (or weakness) of the broader market? Let’s take a look at our new Sector Rotation Model charts: A quick view of a one-year chart glance at the nine major AMEX Sector SPDRs shows strong uptrends in all sectors. This is an ongoing bullish sign that…

Which stocks are most over (and under) extended from their 200 day SMA? How can we use this scan to find short-term trading opportunities from the stocks that appear on the list? Let’s start our scan and see the charts. Here’s the top five most over-extended stocks in the S&P 500 right now: Based on…

Groupon shares (GRPN) may be setting up a potential breakout and bullish trend reversal trade. Let’s start with the Daily Chart and plot future levels for this potential bullish reversal. Keeping it simple, shares have the potential to break bullishly above the $7.00 price level toward the confluence of the falling 200 day SMA ($8.44)…