I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
What similarities can we draw between the 2010 and 2011 Corrections (Retracements) and what lessons can we apply to the Big Retracement of 2015? In this video, I draw parallels between 2010 and 2011 and highlight a specific pattern during and after the big retracement. Take a look at the video and continue to compare…
Today’s session saw a bullish bounce take price higher into resistance as a trading range developed. Let’s update our levels and plan the remainder of today’s session: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. Positive divergences developed into Friday’s close at the lows…
After yesterday’s Fed Day update, stock prices surged into the 2,020 S&P 500 target and then collapsed powerfully down away from this level. We’re down 60 points in the S&P 500 from this mid-day spike reversal high and falling lower. Let’s update our levels and plan the remainder of today’s session: In-depth analysis is always…
Stocks in the Financial Sector are triggering potential bearish sell signals today on a breakdown under a key support trendline. Let’s highlight this trendline breakout, note the bigger picture, and plan accordingly. All was well through most of 2015 with the XLF Financial Sector SPDR (ETF) as seen with higher bullish volume in June and…
After the volatility and retracement, what levels are important right now in the S&P 500, Dow Jones, and NASDAQ? Let’s pinpoint these pivot levels and plan trades accordingly. We’ll start with the S&P 500: This week saw a bullish breakout surge the indexes into their upper resistance targets. For the S&P 500, the first target…
“There is a zero percent chance the Federal Reserve will announce a rate hike (rise) on Thursday. ZERO.” That’s what I wrote clearly to members last night and that’s exactly what happened. Let’s start today’s mid-day market update with the news that the Fed did not raise rates today… and probably won’t do so through…
Yesterday’s strong money flow suggested additional upside price action – and that’s exactly what we got. Let’s update our levels and plan the remainder of today’s session: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. First, be sure to read last Friday’s post “The…
We’ve been monitoring short-term triangles in all markets, and we’re seeing both Gold and Crude Oil break through falling trendlines, triggering a buy signal today. Let’s zoom-in on these breakouts and plot the future from here: First, be sure to reference last Friday’s post “A Breakout is Near for Crude Oil” (today’s the breakout). The…
Finally! The market is breaking free – to the upside – from the Triangle Pattern. Let’s chart the levels and possible outcomes here: In-depth analysis is always provided to members of the Premium Daily Reports – I hope you’ll join and benefit. First, be sure to read last Friday’s post “The End is Near for…
While “The End is Near for the S&P 500 Triangle,” we’re also seeing the end of a similar pattern for Crude Oil. If you like trading breakouts or Triangle Patterns, you may have an opportunity soon to do so in both markets. Here’s a similar pattern setting up in the Crude Oil futures (@CL) contract…