I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Today’s session – while bearish – is showing hopeful bullish signs. What are they? Let’s take a look. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. Price currently…
Might Chipotle (CMG) be flashing a “bottom fishing” bounce (buy) signal at current lows? More importantly, are you willing to risk fighting a strong downtrend? Let’s set up the scenario and plan your course of action (or education) with this pattern: Before you get too excited, check out my prior update on Chipotle entitled “Has…
What message does Breadth reveal to us right now during the holiday week? Let’s take a look at our updated chart of stocks above their key moving averages – and what that means. In the chart above we’re seeing the S&P 500 Index through 2015 with two charts: The Percent of Stocks above their 50…
Wow – we’ve got some big names taking a bearish hit today in our “downtrending stock” scan. Today’s session continued the downswing or liquidation phase that began yesterday. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: In-depth analysis is always provided to members of the Premium Daily…
Well that bullish post-Fed rally was fun while it lasted. Today’s session so far has erased all the gains and more from the initial Fed-Rate Hike Rally yesterday. Let’s update our levels for the S&P 500 Index and note the big trending stocks today: In-depth analysis is always provided to members of the Premium Daily…
Whether you’re a Google (GOOGL) or Amazon (AMZN) trader, these high-flying, uptrending stocks are showing an identical set-up at similar levels in their trend. What’s the pattern and what do we expect next? Let’s find out. We’ll start with Amazon.com (AMZN) during the holiday season: Amazon.com (AMZN) is uptrending and has formed two prior “resistance…
Gold surprised both bulls and bears with high volatility and “gappy” price movement this week. Let’s put the rapid price action in a bigger context and highlight what to do about it. Here’s Gold “Gone Wild” on the 15-min intraday chart: On the intraday chart, we see gold downtrending from the $1,85 level (early December)…
What’s going on with Apple (AAPL)? This week shares broke a key trendline support level, breaking out of a triangle pattern and giving us yet another sell-short (or sell) signal in an ongoing and confirmed new downtrend. Let’s take a look at what’s going on and what the short-term future may be for this once…
What “Wall of Ribbon Resistance” must the stock market clear? Let’s update our special “Color Ribbon” Chart of the S&P 500 and note the overhead wall of resistance. Here’s the S&P 500 “Color Ribbon” Grid: The chart above plots the current S&P 500 with multiple moving averages of three colors: Short-term (blue), Intermediate Term (green),…
How have stocks performed over the last 15 years in environments of both rising AND falling interest rates? It’s a critically important question to ask as the Fed prepares to raise interest rates for the first time in 9 years. Let’s quickly chart the Fed Funds Rate and the S&P 500 together – you’re in…