I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
As we await the Friday Non-Farm Payroll “Jobs” Report, let’s take a quick check-up of the main reference levels to watch in the cross-market landscape at the moment. Let’s draw our attention to the S&P 500 and then see how the intermarket environment rests currently: Instead of spending a great deal of time on the…
Intermarket analysts look to the relationship of the Bond and Stock Markets for clues of future moves in these markets, paying close attention to leading signals when they occur. This week gave us a firm breakdown in the Ten-Year Treasury Note Yield which resulted in a subsequent break-out in Bond/Note prices, such as in TLT…
Well, here we are at the well-known Make or Break chart support at Dow 12,000. This is what I mean when I say refer to critical chart reference levels to make objective sense of all the good and bad – often confusing – economic/political headlines affecting the market at the moment. It’s really as simple…
Traders across the board were thrown for a nauseating loop as we transitioned from the cross-market excitement on Sunday evening that a deal was reached. That excitement turned to panic as Monday’s market opened, reversing the optimistic gains into sudden “collapse” losses. Let’s take a look at some of these moves and see what happened,…
I’m one for keeping market structure as simple as possible, and there are two major confluence support levels we need to be watching very closely that have been important market reversal points in the past, and we currently sit atop both of them. What are they and what do they mean for the current state…
With all the headlines/news out there, how does one make sense of the current stock market landscape? I suggest thinking of the current market – at least from its chart perspective – in terms of the dominant Price Range boundaries in terms of Value Areas. Let’s start with the simple “Value” Chart of the Current…
With bad earnings putting Bank of America (BAC) in focus today, what is the message from the triple-timeframe structure of the charts in the stock? Let’s take a look starting with the monthly frame and drilling down to the daily chart, noting key levels and lessons along the way. With the exception of a “Last…
To follow-up with my prior morning post on the “Monday Morning Stock Index Update at Midpoint Value Areas,” I thought it would be helpful to show the current structure of the 1-min chart during lunchtime. In other words, we’re all watching the “Make or Break” 1,300 region, but what is the market saying? Let’s take…
Monday’s not off to a great start for the triple US Equity Indexes so far. Let’s take a look at the Dow Jones, S&P 500, and NASDAQ Indexes as they all sit atop the Midpoint or “Value Area” of their 2011 trading range reference areas. Let’s start with the Dow Jones, which shows a “Rising”…
What signals or clues are coming from the broader Sector Rotation Model as we see it in July 2011? Let’s take a look, starting with the data Year to Date: Consistent from our prior update in May 2011, the Sector Rotation Model continues to show Defensive/Protective money flows, which casts a cautious tone over the…