I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
The 1,980 level in the S&P 500 has been our target (and support zone) and price bounced higher today. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: From our strategy planning member report, we were using 1,980 as both a downside target (achieved yesterday and then again…
From the lows of early 2016, US Steel (X) doubled with a huge price surge and trend reversal. Let’s chart the reversal and note the key target achieved this week – and plan from there. Similar to Crude Oil, US Steel was in a persistent, strong downtrend into early 2016. A huge positive momentum divergence…
Stocks declined “away from” 2,000 today but reversed course quickly in the morning. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Monday saw initial downside action – choppy in both directions – at the 2,000 level. Be sure to see yesterday’s update “The Big Battle for 2,000”…
To break out, or to retrace lower from resistance – that is the question facing the market right now. Let’s take a quick look at 2,000 and plot the “price pathways” above and beneath this level with targets and trading ideas. Here’s our Daily Chart for the “Battle for 2,000” taking place this week: We’re…
February was an exciting month as Oil and Stocks finally found a short-term bottom and rallied most of the month. What’s the current trend and how are the “quad markets” moving right now? Let’s update our Intermarket Grid: Whether or not you trade all or any of these markets, it’s helpful to get a sense…
Today – so far – is a “Repeat Day” (for the S&P 500) to yesterday. It’s a “bullish rising range” day. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: We were still bullish as price moves “up away from” the 1,970 pivot and now we see the…
After yesterday’s stellar Trend Day higher, today’s session is a more calm, “range day” type session. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: A tiny “Bear Trap” under 1,940 set in motion yesterday’s “short-squeeze” and breakout T3 Trend Day. We typically expect consolidations or range days…
Despite all the bearishness and selling we’ve had in the broader US Stock Market, only two Dow Jones stocks carved out fresh new 52-week highs as we begin March 2016. What are these two stocks and which earns an “honorable mention?” Let’s start with Verizon (VZ): Despite selling-off through most of 2015 (down from $51.00…
For intraday and short-term traders, the recent week has been abnormally more “gappy and trappy” than normal. What do I mean and what can we do about it? Let’s take a look at the intraday chart: Here we see the simple @ES Futures on the 15-min intraday chart. Key inflection (pivot) levels include the obvious…
Is Apple (AAPL) about to break through resistance to trigger a short-term buying opportunity? Let’s update our Apple (AAPL) charts and highlight the key levels to watch for traders: We’re seeing the Daily Chart as a Downtrend continues for Apple shares. However, let’s look at the October into November period where a similar pattern (opportunity)…