I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Today’s market activity was a volatile, big swing event that resulted in an intraday triangle pattern. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Price continues to trade within the wider range between the 2,160 and 2,175 level. While it’s a lengthy consolidation rectangle, today saw a…
McDonald’s (MCD) gives us another example of what can endlessly frustrate new traders. Beating earnings, the stock collapsed 4% in the morning session. Better earnings… collapsing stock? What’s going on? Let’s take a look at the chart, the gap, and see where the price goes from here: First, Wall St. consensus estimates were for an…
We start the new week with clear echoes to last week. Namely, we’re still trading within a clear range with clear resistance and support targets in play. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these morning updates….
In a somewhat surprising outcome, Crude Oil dips to a new swing low at the same time the US Stock Market rallies back toward all-time highs. This disconnect is interesting as we turn our attention to the bend in the intermarket relationship. Generally Crude Oil and Stocks exhibit a positive correlation (they both move in…
As the stock market bull continues, we continue to see stocks breakout to new highs. Yahoo! (YHOO) is another growing example of a leading stock breaking out to a new swing high. Take a moment to view the prior post “Ten Strong Stocks Breaking to New Highs.” Yahoo shares developed a Trading Range (rectangle) between…
Bear? What Bear? Are there any bears left in the world? Price retraced toward, then bounced up away from, our 2,150 level which set the stage for today’s rally. Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these…
An actual retracement! Prices can actually fall! We’re all so surprised! Let’s update our levels for the S&P 500 Index and note the big trending stocks today: A lengthy rally with negative divergences set the stage for today’s pullback away from the 2,175 level. Price fell all the way toward the 2,160 target before reversing…
Is this our first actual pullback since the early July breakout?! Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades: Here’s a reference guide of how to use and trade from these morning updates. We still can’t use our larger Fibonacci Retracement Grid levels WITHOUT an actual larger retracement. Multiple…
Buyers continued to short-squeeze the market through to new all-time highs! Let’s update our levels for the S&P 500 Index and note the big trending stocks today: We’ve seen numerous bullish upside gaps result in bullish trend days lately as the short-squeezed bullish rally continues. Today we saw another break through the 2,170 level that…
Which stocks in which sectors have the largest (smallest?) Market Cap? Let’s take a look at an innovative chart and find out! From the Maps section of Financial Visualizations (FINVIZ.com), we can see the color-breakdown of sector and the market cap of each stock in that sector. We’re most interested in knowing which stocks are…