Daily Commentary

Part of me can’t believe that the stock market can actually decline!  Unprecedented!  How can that happen?! Sarcasm aside, stocks logically retraced lower away from 2,115 toward the key 2,100 pivot level today. Let’s update our levels for the S&P 500 Index: In-depth analysis is always provided to members of the Premium Daily Reports –…

When comparing the relative strength of the US Stock Market against a basket of overseas (global) ETFs, the SPY (S&P 500) is the strongest market. Let’s compare the SPY with 8 other global ETFs to get a quick sense of relative strength and weakness. The chart above uses a custom TradeStation Color-Bar indicator to highlight…

The buyers collectively were successful in extending the short-squeeze manipulation of the stock market higher, resulting in the logical bullish price action (via stop-losses of the bears) as the S&P 500 crested above the key 2,100 level. Today’s session extends the short-squeezed Trend Day of yesterday. Let’s update our levels for the S&P 500 Index:…

With Gold resuming its primary downtrend, a sell-swing provided a great short-selling opportunity. However, Gold (and GLD) successfully achieved a key short-term support target. Let’s update our Daily Gold (GLD) Charts and pinpoint this key planning level: Gold is in a Primary and Intermediate (Monthly and Weekly Chart) Downtrend and we’re seeing a counter-trend retracement…

I’ve been asking myself “Is Chipotle (CMG) no longer a valid trading candidate because of higher random volatility and overnight gaps?” Let’s answer this question with facts and data – and learn a lesson in how to chart volatility and determine your comfort level. Here’s the current Daily Chart with Intraday Range plotted: What we’re…

How are you liking our Bull Market?  Like it, love it, hate it, or despise it, it continues without pause. Let’s update our levels for the S&P 500 Index: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. We’ve been playing toward the official 2,100…

Happy Halloween!  The market spooked both the bulls with an end-of-day reversal (and close at the lows) but not before haunting the short-sellers (bears) with a new swing high.  Very scary! Let’s update our levels for the S&P 500 Index: In-depth analysis is always provided to members of the Premium Daily Reports – I hope…

Following a post-Federal Reserve rally, stocks consolidated at the highs during today’s session. Let’s update our levels for the S&P 500 Index: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. With the Fed not raising rates as was overwhelmingly expected, stocks fell then stabbed…

Today’s session took a bearish turn as stock prices retraced lower this morning. Let’s update our levels for the S&P 500 Index: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. We’re looking forward to Wednesday’s “Fed Day” where the Fed will report that it…

Apple (AAPL) reports earnings after market close Tuesday, so let’s take a look at the current key price levels, note the trend, and update potential targets that could come into play this week or beyond. We’ll start with the Weekly Chart structure: Apple shares enjoyed a strong and persistent uptrend since the mid-2013 reversal low…