I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
I’m a big fan of using market internals as a source of “under the hood” confirmation/non-confirmation when charting new swing highs in the S&P 500 index. Let’s take a look at the “Triple Threat” market internals and then take a longer-term perspective of breadth in the current market environment. First, the “Three Main Internals” 5-min…
It’s been a while since I updated you on Sector ETF performance according to the Sector Rotation Model, so let’s take a quick look at past and present money flow returns from the Offensive and Defensive Sectors starting with the August 2010 low at 1,040 and moving to the present February breakthrough beyond 1,300. Here’s…
Did you know that Cotton prices have more than doubled since the September period when the first rumors of QE2 were released? Cotton is a market most of us never chart, but it’s doing something interesting right now in terms of a Three Push Pattern and nice Bearish Engulfing Candles. Let’s take a look at…
I received a request to take a look at India’s Nifty 50 index – along with ETF symbol INDY – and indeed the index is at a key defining point traders and investors should be watching. Let’s start with the broader weekly view and then drill down to the daily chart to find the key Fibonacci…
There’s been a lot of attention on China lately with regard to their economic growth potential and recent state visit to the USA. Let’s take a moment to view China’s Shanghai Stock Market Index to see its critical “Bull/Bear” Battle level which is a critical inflection point the price is battling at this moment. A…
Many investors and traders look to copper prices to gauge the strength or weakness of the economy, as copper is an industrial metal used in all sorts of construction projects. If that sentiment holds true, then copper just sent a big “economic recovery” message this morning, as it has been doing over the last few…
What are the long-term Fibonacci retracement levels to watch on Crude Oil? Did you know that oil is pushing right up against a major Fib level right now? Let’s take a look at monthly Crude Oil to see this level and what the larger IF/THEN possibilities are at this time: A quick long-term look traces…
With multi-swing divergences happening in the US Stock Market, what is the similar picture like on the inversely correlated US Dollar Index? As it stands now, it’s bullish but in its earliest stages of potential life. Let’s take a look and learn a quick lesson in confirmation via a simple inter-market cross-check. The US Dollar: …
I posted yesterday about the precarious internal situation regarding market internal and momentum divergences at the key major resistance level 1,300. Today the divergences ultimately mattered and the market snapped-back like a rubber band early in the trading session, after slipping up into one of the most vicious bull traps in a while. Let’s take…
If you’re an active trader, no doubt you’re on the edge of your trading chair trying to figure out if the S&P 500 is going to breakout through the key 1,300 level today, tomorrow, or alternately retrace deeper from here. Let’s take a quick “Step-Inside” analysis of the intraday price and compare it to signals…