I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
As the market jumps to another new all-time high, let’s step inside the market to see money flow among the nine sectors. It’s revealing a bullish picture as this grid helps us visualize what’s happening beneath the market. Here we go! We’re seeing our Nine Sector Grid with the AMEX Sector SPDRs in our Sector…
Though it may feel weird, the market just simply keeps plowing higher in a triple timeframe bullish uptrend. Here’s today’s update as price pushes further away from the rising 20 day EMA: We know that “trends, once established, have greater odds of continuing than of reversing.” We also know that the S&P 500 (“the market”)…
If you looked at the stock market’s strength and new intraday high today, you’d likely think all was well with the stock market. In fact, three major stocks in the S&P 500 surprised us with big intraday bearish action today and it warrants your attention. Let’s pinpoint the surprising bearish liquidation action hidden with the…
With stocks pushing up to a new all-time high, what’s happening in our Quad-Market Grid? Simple – let’s take a look at the recent action and note the ongoing trends in motion: With the @ES (S&P 500) breaking to new highs today, note the sudden sell-off in Gold. Gold tumbled from its early September high…
Amazon (AMZN) shares tumbled from the (almost) $1,100 peak in July and have remained weak. Let’s pinpoint a critical price point that will be key to trading the next swing for this popular stock: We’re dangerously close to forming a Head and Shoulders price pattern with a neckline at the $940 level. Buyers continue to…
If you made note of yesterday’s “Professional Volume Profile ‘Look Out Below!’ Levels” post, you’ll be happy to note that the Emini trades RIGHT at our first target now. Here’s today’s updated Volume Profile (at price) Chart with these key target levels: Thanks to Think or Swim’s Volume Profile Study, we can pinpoint which exact…
With the market hanging out at all time highs, drifting back today, what levels should we be clearly watching in the event sellers actually do take charge and price retraces lower? A Volume Profile (at price) Chart gives us these key target levels: Thanks to Think or Swim’s Volume Profile Study, we can pinpoint which…
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Are we having fun yet? The S&P 500 and Emini (@ES) trade shy of the full 2,500 target and we’ve seen Range Days develop underneath the key resistance (target) high. Let’s chart today’s @ES Fibonacci Grid in play: Fibonacci Retracement Levels will NOT come into play if buyers trigger a breakout (and create a Short-Squeeze)…
If you’re a “Tesla Trader,” you’re likely excited about the recent breakout event! Tesla TSLA shares broke a Symmetrical Triangle Trendline that set in motion a breakout buy opportunity as price now travels (likely) back toward the high – or above it. Here’s the pattern and the resolution in motion: After a stellar collapse sent…