I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
With the S&P 500 batting up against new recovery highs, what does the short-term sector rotation/strength model show us? Good question! Let’s take a look at the recent move off the 1,040 level (September lows) to the present push to the 1,220 level (early December) and take note of the strongest sectors and insights from…
The 10-year Treasury Note Yield rallied to a critical resistance level today, and the corresponding bond fund – IEF – fell to a critical support level today. Let’s take a quick look at these important levels and play the “Will it Hold or Break-through” game, with targets to take note. First, the 10-Year Treasury Note…
I’ve been making note lately about the “range” between the 1,200 level in the S&P 500 as short-term resistance and 1,175 as the short-term support. Let’s now step into the futures market – including overnight levels – to see the current structure of the compressed range and what it means for intraday traders right now….
From a simple charting standpoint, the Euro Index and corresponding ETF FXE have retraced into a key price zone that – whatever happens here – will likely be an important clue as to what to expect going forward. Namely, is this pullback just a retracement in an ongoing strong uptrend… or potentially the beginning of…
What is the current chart picture of BP shares, after the bad press from the oil spill has died down? It turns out they’re compressed between two timeframes of key EMAs, which gives us an excellent chance to take a look at this concept and watch what happens with the eventual resolution of these boundaries….
In scanning charts of leading stocks during today’s sharp decline, I found an interesting development setting up right now in shares of Apple (AAPL). Let’s take a look at the Daily chart structure of Apple, and what two divergent price pathways may lie ahead in the future. We see a powerful rally – similar to…
With Monday’s decline taking some investors and traders by surprise, let’s pull the perspective back and take a look at the current Daily Chart and then Hourly Chart structure, levels to watch, and “IF/THEN” Logic setting up right now. First, the Daily S&P 500: Stripping the chart to its most basic simplicity, there are two…
While today’s intraday trading session didn’t offer stellar opportunities in the low-volatility session, those who were watching the 30min SPY chart in conjunction with the 5-min or 1-min SPY charts had a distinct information advantage today. Let’s take a look at why that was so and learn a lesson in how to trade lower frames…
What levels should we be watching in Gold and Silver prices to see if this pullback phase is just an expected and overdue retracement… or perhaps the start of a deeper reversal? Let’s take a quick look, starting with Gold: A sort of semi-indicator free pure price look reveals that the initial level to watch…
Today is a good day to brush off the old Technical Analysis 101 handbook to review a simple – yet very effective – concept regarding trends. In a trending environment, price often retraces to the 20 day EMA to continue the move in place. However, if ever the 20 day EMA breaks – and it…