I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
With the market continuing its relentless rise off the early October lows, let’s take a look at the four recent “retracements” and note their symmetry in both form and movement… or in other words, let’s compare and note the almost identical similarities in the four recent ‘pullbacks’ against the recent upcurrent in the S&P 500 and SPY.
With this morning’s post on the updated Andrew’s Pitchfork tool on the S&P 500, I thought it would also be a good idea to take a look at an Andrews Pitchfork tool of the US Dollar Index (continuous futures contract @DX) for insights. Let’s take a look.
I’ve been showing in past posts about the dominant “Andrews Pitchfork” chart on the daily S&P 500. Let’s take a mid-October update of the current Andrews Pitchfork style chart of the S&P 500.
With gold rising so quickly over the last few weeks, let’s take a look at two perspectives on this rise – a look at the different “angles of ascent” and the “parabolic arc” that have formed in daily prices.
Let’s take a quick look at Baidu (BIDU) which has turned out to be one of the stocks that “keeps on giving” to investors and traders in 2009. Let’s learn a couple of lessons from its steady uptrend price rise so far.
There have been two interesting patterns in the recent chart both in crude oil and in the US Oil Fund (exchange traded fund), including a “Bear Trap” and today’s “Stop Pop” and price breakout. Let’s take a look.
I’ve been watching the long-term triangle consolidation pattern in Exxon-Mobil for some time now, including the post “Symmetrical Triangle in XOM” and “Update on the Triangle in XOM”. Now that we have a change in the triangle – a potential upward breakout – let’s revisit this stock on the weekly and daily frames.
With today’s break to new highs both in the Dow and the S&P 500, I thought it would be interesting to take a look at the 12 most recently “failed” or “busted” sell signals in the S&P 500 to see if we can note a pattern.
Reference back to my prior post on “Recent Failed Short-Sale Signals and Short Squeezes in the SPY” and “If History Repeats, Will it Mean New High for SP500?” (answer “yes!”) for more perspective.
With both Intel (INTC) and JP Morgan (JMP) reporting better than expected earnings, helping drive both stocks and major US Market indexes to fresh new 2009 highs, let’s take a quick look at the daily “year to date” charts of these ‘in focus’ stocks.
The morning session – continuing over from a pattern into yesterday’s close – gave us an excellent example of a bear flag that I’d like to show you as an educational reference on trading tactics and “Enhanced Flags.” Let’s take a look: