Daily Commentary

Popular stock Twitter bounced into resistance this morning on possible acquisition rumors. Price jumped up 8% into a key resistance target – we can plan the next swing trade from this key level. Let’s do it! First, check our prior update “Downtrending Twitter Can’t Catch a Break” from January 19th. From then price did trade…

With the market bounce continuing today, Google (GOOGL) – one of our “strong stocks getting stronger” – also broke higher above resistance to trigger a new breakout. Let’s quickly update our Google charts (we still refuse to call it “Alphabet”) and plot the next pathway: As noted previously, the $700.00 per share level was the…

Price is pivoting between the wide range from yesterday’s Fed Announcement. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: As I highlighted last weekend to our Intermarket Strategy Members, we took a bearish turn going into 2016. Our planning levels extended from 1,915 to the 1,875 pivot…

There we go! The S&P 500 surged above 1,900 this morning! However, is this the start of a new bullish breakout swing or just another bull trap in an ongoing downtrend? Let’s chart the breakout – note the hidden resistance above 1,900 to watch – and put it all in the context of today’s Federal…

Today’s action so far completely erased the bearish action of yesterday, but price still couldn’t break to new highs. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: As I highlighted last weekend to our Intermarket Strategy Members, we took a bearish turn going into 2016. The 1,900…

The consolidation continues into the 1,900 level in the S&P 500 and we have new updates to start the week. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: As I highlighted last weekend to our Intermarket Strategy Members, we took a bearish turn going into 2016. Study…

What’s Breadth suggesting about the current market? And how was it extremely helpful in calling the recent top? Let’s take a look! First, what we’re seeing is the S&P 500 Weekly Chart with a specific Breadth Indicator. We’re noting stocks at New 52-Week Highs (Blue), New 52-Week Lows (Red) and the Difference (Lower Panel). Breadth…

With the S&P 500 falling over 11% at the beginning of 2016, which big-name stocks in the Dow Jones have beat the market… and which have lagged it? Let’s start with the relative strength leadership (if we can call it that) so far in the bearish start to 2016: We’re just measuring simply the price…

As we focus on the US Stock Market, let’s pull the perspective back. Let’s focus for a moment on three intraday charts – and powerfully persistent trends – that underscore how powerful the price movements of 2016 has been. Combine these three charts together in your mind: The @ES (S&P 500) and @CL (Crude Oil)…

Recently I’ve been drawing your attention to the Weekly Chart pivot levels and “Arc Trendline Distribution” structure and today we’re seeing “inconceivable” downside targets being hit ahead of schedule. Let’s update our Weekly Chart perspective for the S&P 500 and Dow Jones: Take a moment first to review our previous planning posts: January 19: “Daily…