I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
With the US Stock Market closing again at all-time highs into the 1,675 target, let’s take a moment to look under the market at the Top Three Sectors (ETFs) also at new all-time highs (not all sectors are participating equally in the rally). We’ll start with a Comparison Chart of the Top Three Sectors: The…
In case you missed it, many Retail and Consumer Discretionary stocks have been breaking either to new 52-week highs or new all-time highs and we continue to see strength in the related ETFs. Let’s take a look at the breakouts in the Retail ETF (XRT), broader Consumer Discretionary Sector (XLY) and ponder what that suggests…
Friday’s session saw an initial breakout above key “make or break” resistance in the US Equity Indexes, and Monday morning’s action further confirmed the breakout and opened the Bullish Price Pathway higher. Let’s take a quick look at the SP500, Dow Jones, and NASDAQ to highlight the breakout, key area to watch, and upside price…
A quick mid-day scan on July 2nd found 116 NYSE stocks achieving fresh new 52-week highs – here is a sample of five of these leading stocks and a quick glance at their daily chart with an emphasis on the uptrend and breakout that brought these stocks to the forefront of the scan. We’ll also…
Tesla Motors (TSLA) shares continued their strong uptrend today with a breakout from a triangle pattern or a daily Bull Flag to push to all-time highs. Let’s take a look at the Daily Chart, note the trend, and then highlight the lower frame patterns and levels to watch. The Daily Chart shows us the very…
A member asked a question regarding the short-term and intraday trends of the current SP500 and I wanted to take a moment to update the current “Market Structure” view of the trend and what reversed from the recent sell-off. We’ll start with the Daily Chart then note two intraday timeframes to compare ongoing Structure: Market…
With the sharp rally over the last three trading sessions, let’s take a quick look at the current Fibonacci Confluence reference area along with an update of Breadth (market internals) on the rally. We’ll start with the SP500: This is meant to be a quick update so we’ll focus first on the two short-term (intraday)…
After a stellar price drop and reversal on two sharp downside gaps, Oracle (ORCL) shares face a major “make or break” challenge of a visual chart-based support level. Let’s take a look at the daily and then weekly picture to highlight this level for strategy planning: Without getting into too much detail, buyers and sellers…
This morning we viewed the “Recent Shift in Intermarket Money Flow” and I wanted to follow-up with a quick glance at Sector Rotation Money Flow within the stock market. We’ll start with a Year-to-Date view and then zero-in on what has transpired since the mid-May 2013 peak (weeks ahead of the fateful Federal Reserve Policy…
While the Federal Reserve policy announcement last week shook up the intermarket money flow trends, let’s pull back the perspective to the broader trends in money flow in stocks, treasuries, gold, oil, and the US Dollar Index. Here’s the broader picture of “Risk-On” and “Risk-Off” Money Flow: We see five cross-markets on the intermarket landscape…