I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
The Ukraine crisis continues to capture headlines and influence global money flow in today’s session. Let’s take a moment to step above the lower frame charts and get a quick sense of the bigger picture of money flow (“Risk-Off” Play) and see how the intermarket landscape is adapting today to the news. We’ll start with…
It’s the last day of February 2014 and US Stock Market indexes are breaking to all-time highs. Which stocks are leading the pack and topping our daily “Intraday Trend Day” scan list? Let’s focus our attention on the bullish/uptrending names today: The four stocks that top our algorithmic and visual scan list include Estee Lauder…
The Euro (EUR/USD FOREX) faces a key decision point on the chart, and the current structure gives us clear planning levels for what to expect on a breakout or retracement down against current levels. By reader request, Let’s update the levels and plan quick strategies within the context of the current chart landscape: From a…
Amazon.com (AMZN) shares found support into a key target level and now we’re charting a rally up after the recent sharp sell-off event. Let’s zoom-in on the support level, update the daily chart, and plan the short-term levels to watch for now: The key inflection support level for Amazon (AMZN) shares is the $345 level. …
As is our new custom, let’s take a look at the mid-day scan for “Top Trending” Stocks that provide potential Trend Day continuation opportunities, or aggressive reversals. Either way, these stocks show up on our custom stock screen list of showing a high degree of Intraday Trend for additional study (and even swing trading opportunities):…
We tend to focus on “Strong Stocks Getting Stronger” for potential swing trading candidates to trade (or hold), and a reader recently brought Gilead Sciences (GILD) to my attention. Let’s take a look at the trend structure (a beautiful “arc” pattern), learn a few trading lessons, and discuss the current chart landscape for strong stock…
We’ve seen clear relative strength in gold prices over the last week. Let’s take a look at the current Daily and Weekly Chart structure and highlight the key reference levels for trade planning. We’ll start with Gold’s Weekly Chart: We’ll start with a possible “Double Bottom” Chart Pattern that developed off the $1,200 per ounce…
Which stocks made the list of the “Top Intraday Trend Day Trading Stocks” (both up and down) for February 24th? Let’s start with the strongest intraday uptrenders mid-day: Once again, Cummins Inc (CMI) makes the list of top intraday trenders. To refresh, it made the list on February 21st as well as the February 13th…
What did our intraday scan reveal as the top “Trenders” so far mid-day February 21st? And will these stocks continue to develop a Trend Day structure into the close? Let’s take a look at our “Top Uptrenders” of the Day so far: Cummins (CMI) returns to the “Top Trender” list – it first appeared on…
A clear short-term trend has developed on the Intermarket or Cross-Market Money flow perspective. Let’s take a quick look at the recent activity and compare movement in key markets: A quick four-grid format allows us to compare and contrast money movement in US Equities (@ES Futures for the S&P 500 index), two commodity markets (Gold…