I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
What levels are key in today’s session and which stocks are trend day trading candidates? Here’s the S&P 500 key levels and Sector Breadth Chart at mid-day: Before we discuss key levels, take a look at the five aggressive buy-impulses that stopped a market sell-off. As long as buyers collectively are willing to keep putting…
What has the market done, what levels are our current focal points, and which stocks made the list of top trenders for May 30th? Let’s jump straight into our mid-day update to find out: After yesterday’s breakout beyond 1,915 (note the short-squeeze and bullish breadth commentary yesterday), we saw a rally extend just above the…
With the S&P 500 both at all-time highs and on another similar “consecutive up-close” streak like that of December 2013, let’s take a look at lesser-known uptrending stocks that top the list of “most consecutive up-closes” in a strong or developing trend. We’ll simply list the names and highlight some of the charts for you…
The bulls haven’t given up the fight yet and the S&P 500 crept its way to another new all-time high this morning. Let’s peel back the layers to reveal sector breadth and highlight our top trending stocks for the day. We continue to see the market stretch higher against negative divergences, but price us the…
The German DAX and related ETF EWG broke to new highs from a clear triangle pattern and we’re on “Trap or Breakout” watch as long as price remains where it is now. Let’s update our chart and plan a few trading strategies based on the recent power-breakout: The German DAX broke an Ascending Triangle pattern…
Let’s take a quick look at the Cross-Market or Intraday Intermarket Landscape which sends a caution sign for the stock market. Though the stock market could easily ignore the signal, but let’s quickly view the message: In this chart, we’re seeing the S&P 500 ETF (SPY) which is colored Green along with Gold’s ETF (GLD…
Recently I highlighted the “Breakout and Trade Planning for Netflix NFLX,” and price successfully traded up into its current target. Let’s update our chart along with our trade planning to note a profit exit and potential new breakout trigger. As I highlighted in the “Netflix Breakout and Trade Planning Post,” the clean break above the…
With the S&P 500 breaking the 1,900 barrier to all-time highs in a trend day, let’s scan which stocks are strongest and what breadth hints about today’s breakout. Here’s the breakout trend day so far: The initial breakthrough above 1,900 triggered an immediate “Short-Squeeze” where sellers rushed to buy-back to cover losing positions which was…
We’re seeing a repeat of yesterday’s strong trend day up, but this time the index scrapes against the 1,900 easy-reference resistance level. We’ll start today’s mid-day update with a discussion about the 1,900 level: Be sure to reference yesterday’s update – if only for the benefit of learning what happened next – and apply that…
We continue to see bullish strength in the stock market, so let’s take a quick mid-day update at the key levels, Sector Breadth, and trending stocks at the moment. We’ll start as usual with the S&P 500 intraday chart: We’re seeing another strong Trend Day unfolding which has been the case every day this week…