I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
You would think that a stronger Jobs Report this morning would be a catalyst for a big stock market rally, but alas no. Price continued the ongoing liquidation (downtrend) with a retest of the low under 1,940. However, clear signs of bullish life are emerging – focus on these factors and the play at 1,935….
Are you ready to be surprised? Five leading, well-known stocks in the Dow Jones Industrial Average (30 stocks) are near or just broke to fresh new 52-week lows in ongoing downtrends. Simply stated, these stocks should be avoided. Let’s chart these names, two of which may be very surprising to you: Collectively, these are the…
Down we go again as China fears spread throughout the global markets this week. Crude Oil collapsed as well but spiked higher off the fresh new multi-year low as the downtrend continues. 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…
2016 begins very bearishly, and the selling continued this morning. Let’s focus on the Dow Jones and the S&P 500, pinpointing the key levels and what decisions we need to make for adjustments. Here’s the Dow Jones into 2016: The Dow Jones peaked in early 2015 above 18,000 which is a key reference level for…
2016 is off to a bearish beginning as the S&P 500 plunged to fresh new intraday lows (as did Crude Oil). 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….
Leading gun manufacturer Smith and Wesson (SWHC) surged on the very day President Obama announced an executive order on gun control. Logic may suggest that gun stocks would decline on such news but no, defying logic, the gun manufacturer surged 20% higher today. Let’s see what happened, plot the price chart, and move forward from…
The situation stabilized this morning as price reached equilibrium and initially bounced from yesterday’s collapse. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Take a moment to review the morning post for additional level and target (trade) planning for the S&P 500. A logical bounce took price…
Big trending stocks Google (GOOGL) and Amazon.com (AMZN) took a big bearish hit (gap down) this morning and arrived at a critical support pivot level. Let’s update our charts of these high-flying, bullishly trending (so far) charts and note an unbiased trade plan at these critical pivot prices. First up is Google (GOOGL): As we’ll…
Welcome to 2016! The bears ruled the opening session of the new year on concerns from China’s stock market. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: Take a moment to review the morning post for additional level and target (trade) planning for the S&P 500. Receive…
2016 begins with a big bang! Are you safe as we start the new year on a volatile note? China’s stock market tumble spread globally which began 2016 on a bearish note. Let’s quickly trace the “Flag” Trendline pivot points and targets and plan a quick strategy from the current chart. Take a moment to…