I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Hershey’s (HSY) has a well-known seasonal pattern for share prices, notably rising for the month of February. Let’s take a look at this famous historical ‘seasonal tendency’ as part of a broader discussion of seasonal stock patterns. First, we’ll use StockCharts.com data to show the monthly performance of HSY shares in a graph: The chart…
Amazon.com (AMZN) has been a relative strength leader in the market and investors have been rewarded with a stellar, accelerating upside price trajectory. Swing traders have an opportunity to play either an “alternate pro-trend breakout” or a “logical counter-trend retracement” opportunity developing into the current $400 per share “round number” reference level similar to what…
One of my favorite short-term trading set-ups is the concept of a lower timeframe multi-swing divergence into a known higher timeframe support level. Crude Oil finally bounced strongly off support – after extending its positive divergence pattern – and we now monitor how high the bounce will take price. Let’s take a look at this…
Copper has entered a key trading decision point – namely confluence resistance – and I wanted to highlight this area along with the objective trade planning levels at this inflection level. Let’s start with a broader perspective of the current level and trend structure (JJC as an ETF proxy): For the JJC commodity ETF, we…
One of the main principles of Technical Analysis is tha t”trends, once established, have greater odds of continuing than of reversing.” Recent price activity in Corn, Oat, and Wheat provide evidence of this concept, and even if you don’t trade these markets, it’s a good idea to take a look at the recent “violent” price…
In a follow-up to yesterday’s “Color-Charting the S&P 500 Trend Structure with 100 week Moving Average,” I received a few suggestions to normalize the chart using percentage terms – and that’s an excellent idea. Let’s take a look not just at the recent bull/bear trend structure and percentage performance of the S&P 500 to its…
Did you know that the price distance above the 100 week Simple Moving Average (SMA) for the S&P 500 just reached the highest value (most overextended) of all time, exceeding the stellar peak during the Tech Bubble Boom? Indeed – it’s true. Let’s take a look at a Color Chart of the recent S&P 500…
Wynn Resorts (WYNN) remains a stellar example of our “Strong Stocks Getting Stronger” swing trading strategy as shares cleared the $200 per share barrier. Let’s take a look at the stock and pay close attention to the famous “Parabolic Arc” or “Arc Trendline” structure developing on the Weekly Chart: A “pure price” chart overview clearly…
Following up from prior research “Research on Buying or Fading Breakouts from the Keltner Channel,” let’s take a different perspective and view the S&P 500 from the perspective of a longer-term Keltner Channel indicator. Here’s the S&P 500 with an expanded Keltner Channel (ATR) Band: While the standard Keltner Channel indicator calculates and displays two…
There’s a key support confluence price level to watch now in Apple (AAPL) on the short-term frame. Let’s take a look at this reference level and plan contingencies for whether this key level holds (as is the case this morning) or else fails. For now, the focal point is the $536 level which has developed…