I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
What are Market Internals revealing about the structure of the market as it trades just shy of all-time highs? Let’s take a look at the “Big Three” Intraday Market Internals to hear their message: We compare Market Internals with corresponding price highs and lows. Note the positive “triple” divergence on the new price low of…
With today’s mid-day scan for the top uptrending and downtrending intraday stocks in play, one name makes the list for a second day in a row. Let’s update our mid-day “Top Intraday Uptrending” Stock Scan for February 20: Our top names for the intraday trend opportunities include Citrix Systems (CTXS), Public Service Enterprises (PEG), Williams…
Last week it was announced that Comcast made a merger play for Time Warner Cable, subject to approval, and the stock prices had a relatively predictable immediate outcome. Shares of Time Warner (the company proposed to be acquired) surged on the news while the price of Comcast (the company proposing the merger) gapped lower on…
Today’s mid-day scan for the strongest (and weakest) stocks in current Trend Days include some surprising names. Time Warner Cable and Comcast – famously in the news lately due to a possible merger – top the list of today’s intraday downtrending stocks. Surprisingly, Apple (AAPL) joins the list of downtrenders but may be reversing from…
Continuing our “Intraday Trend Trading” stock scans according to an algorithm I run mid-day, let’s take a look not just at the strong intraday uptrending stocks, but also the four “worst” intraday downtrending stocks. Here’s the strong uptrenders on yet another uptrending session: Our “Top Four Intraday Trenders include WellPoint (WLP), Travelers Insurance (TRV), 3M…
With the US Equity Indexes in a reversal bullish trend day (see my prior update for trade planning this morning), many stocks are developing similar pro-trend sessions. Here’s today’s afternoon update on the “Top Trending Stocks” for potential retracement or breakout opportunities into the close: Today’s “top selected stocks” include Stryker Corp (SYK), Adobe Systems…
With today’s Stick-Save intervention buying power propelling the market higher after a morning downside gap, let’s take a quick look at a few similar examples to compare what happened then to what may be playing out for the rest of the day. Doing this exercise can help you focus on concepts rather than the tiny…
One of the main principles of Technical Analysis (using charts) is that history repeats. Let’s take a look at a short-term repetitive pattern – using boxes – to study the recent past and possibly project the current future in the event history repeats for a fifth time in a row. Here’s the pure price S&P…
Trend Days – whether in stocks or ETFs – offer one of the most efficient methods for profits on the intraday/day trading timeframe. Let’s take a look at the current Top Four S&P 500 stocks according to a “Trend Day” screen I run: This is a new type of daily feature I would like to…
With the recent market volatility, let’s take a quick moment to update our Daily Volatility Charts for the S&P 500, Dow Jones, and NASDAQ ETFs (SPY, DIA, QQQ). This type of chart will help us see trends or “pockets” of volatility and also adjust our trading strategies to the current “gappiness” and average intraday range….