I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
A lot of traders have been correctly focusing on the skyrocketing rise in Silver prices, but let’s look at the chart from a different angle. The Gold to Silver relationship (a relative strength measure) just hit new lows this week and that’s a very big deal. Let’s take a look at the last 30 years…
With the recent talk of US debt, traders have been discussing Treasury Yields and the potential for skyrocketing yields if the AAA Rating of the United States should ever be reduced a rank. Nevertheless, let’s take an updated look at the current 10-Year Treasury Note Yield and then pull the perspective back to what the…
Earlier, I mentioned that retailer Abercrombie & Fitch snuck its way onto the “Top 5 Most Extended Stocks from the 200d SMA” list and that it was worth checking out for more analysis. Indeed, ANF is at a critical pivot or turning point on its weekly chart that will determine whether this strong power-rally continues……
With the market breaking sharply down this morning, let’s take an updated look at the current Top 5 Stocks Most Over and Under-extended from their 200 day Simple Moving Averages. As a reminder, we use this simple screen for two main divergent strategies: First, if you want to play trend (market) continuity strategies, you’ll want…
Goldman Sachs (GS) appears to be in trouble before Congress again – or at least before a Senate panel. What might that mean for the stock? Or more specifically, what current price level should we be watching as a critical pivot level between buyers and sellers? Good question! Here is the simple but critical short-term…
There’s a large-scale (from the perspective of the intraday chart) “Rounded Reversal” or “Price Arc” pattern playing out in the stock market right now, which is one of my favorite patterns. Let’s take a look at the current “arc” structure and note two levels of Fibonacci Retracements to watch as the Arc continues. I’ve been…
In keeping with the recent lessons with the TICK and trading the intraday markets, let’s take a broader perspective of the past few days to see specifically how clean TICK Divergences helped you trade “swings” or mini-reversals intraday in the SPY or S&P 500 index. Here’s the broader multi-day chart: Click for full-size image. This…
Exchange Traded Funds are gaining wide popularity for investors and traders alike, and for great reasons. I need not trumpet the many benefits of trading or investing with ETFs. However, I wanted to bring up a recent example of Japan and the spike in trading of the popular EWJ ETF which left a few invstors…
Popular stock Apple (AAPL) now faces a key “make or break” confluence level on both the daily and weekly chart that traders will find very interesting. Let’s start with the weekly chart and drill-down to find the important confluence level and thus the “IF/THEN” trading set-ups that are likely to come into play. Cutting right…
I’ve received a few requests to update current analysis on India’s “Nifty 50” index, and indeed after a big recent rally, the index is at an interesting confluence target level traders should watch very closely in the days ahead. Let’s start with the weekly chart and drop-down to focus on the confluence: Without getting into…