I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
TLT is a popular proxy for traders and investors to watch for bond prices, or to use as a hedging or trading vehicle. Let’s take a look at the recent “Rounded Reversal Arc” in price which now challenges its first potential support target on this week’s recent breakdown. Here’s the Daily Chart “Arc” Pattern into…
Similar to what we saw in silver last week, Gold rallied up off a critical support level as seen on the Daily Chart. Let’s take a moment to update the current Gold Structure and levels to watch as price compresses between a critical support level and an upper resistance pivot. Gold’s daily chart shows a…
Are the indexes breaking down from their “Creeper Trend Rally” or else continuing more of the same slow melt-up? Let’s take a look at the Big Three US Stock Market Indexes – from the Daily Chart – for clues and levels to watch for references. First, the S&P 500 Daily: Let’s keep it as simple…
Despite its recent drop, Silver current rests above a key confluence support price level. Let’s identify this level and develop a game-plan for whether this support level holds… or fails. Here’s the Weekly Structure with a Fibonacci Grid: Silver developed a downtrend after spiking into the $50.00 per ounce area. Since then, price has been…
I’ve posted previously about how price has a tendency to ride between “Sigma Bands” or Standard Deviation Bands for extended periods of time, and that’s what’s happening at this moment in the S&P 500. Let’s take a quick look at the current S&P 500 Sigma Band chart and note the developments so far – and…
What does the 10,000 foot view look like in the Intermarket Landscape as we begin March 2012? Let’s take a look and see what the broad markets reveal: First, it’s good to divide the markets in to “Risk-Off” or defensive/safe markets (such as Treasuries and the US Dollar Index) and “Risk-On” or offensive markets such…
Though it’s been mentioned frequently on the news, the recent crude oil price breakthrough has been impressive on the charts as well. Let’s take a look at the current structure of Crude Oil and pay special attention to the breakout from consolidation/resistance, as well as the current “Open Air” pocket to watch. Here’s the Daily…
Let’s take a moment to view the Daily Chart of Gold, paying close attention to this week’s successful test/rally off confluence support which now ‘threatens’ a breakout above the initial resistance target. Here’s the Daily Structure of Gold: Officially, Gold is in a short-term SIDEWAYS trend with range boundaries between $1,600 (or even $1,550) as…
While there are plenty of methods to assess the volatility environment of a market, one of the simplest tactics is to measure the daily range. Let’s take a look at the pure daily range of the S&P 500 and Dow Jones index through major up and down periods over the last few years. Here’s the…
With the S&P 500 interacting with another key overhead price level, let’s take a moment to pull the perspective back to update the long-term (from 2007’s peak) Fibonacci “Bull Market” Retracement Grid. Here’s the clean picture on the Weekly Perspective: The Long-Term Fibonacci Retracement grid begins at the 2007 market peak (1,576) and ends at…