Daily Commentary

We’ve seen so many headlines recently about China, its economy, and how it pulled down the stock market last week. Let’s step back and chart China with the ETF symbol FXI to see what’s happened and what’s important now. 2015 has been a volatile year for the Chinese stock market, as seen with the tradable…

Yesterday’s relief rally stalled into overhead resistance at the 1,990 target level. What levels are we focusing on now within the slightly lower volatility? Let’s chart them now: It’s logical to expect a consolidation or pause as the market takes a breather after a huge impulsive rally. This time, price stalled shy of the 2,000…

Like stocks, Crude Oil is finally getting a strong bullish bounce. However, unlike stocks, Crude Oil snapped a much longer and persistent downtrend in price. Let’s update our Crude Oil charts and note new levels in play. The 30-min intraday chart highlights the strength of the short-term downtrend – or ongoing collapse – in price….

The bounce continued!  The relief rally propelled stock prices higher, breaking free from a Triangle Price Pattern as detailed yesterday. And what levels are we focusing on now within the high volatility? Let’s chart them now: As detailed to members last night, “We’re actually tilting toward the BULLISH side and will aggressively buy a breakout…

During volatile times, it’s often helpful to step back to get a broader, simpler perspective of price, where it’s traveled, what levels are important, and where it may be headed in the immediate future. “Color Structure” price-only charts can provide valuable roadmaps for traders. Let’s update our current Color Price Structure chart of the S&P…

Eventually this market has to rally, right?  We’ll see – continue focusing on our key price levels. And what levels are we focusing on now within the high volatility? Let’s chart them now: Again, please take a moment to review the prior “What Two Breadth Charts are Saying about the S&P 500.” Also, compare that…

While yesterday was another powerful sell (liquidation) session in the market, today sparks a sudden relief rally up away from the 1,900 target. Is price headed back to test the lows? And what levels are we focusing on now in the high volatility? Let’s chart them: Again, please take a moment to review the prior…

Until recently, four leading stocks in the Dow Jones Index were trending stably, comfortably higher and higher. All that changed with the recent pullback and “Flash-Crash” style open this morning. Let’s take a look at these charts and identify possible opportunities on the bounce-back. We’ll start with Disney (DIS): First, be sure to read my…

Apple shares (AAPL) declined with the technology sector and of course broader market recently, though shares instantly achieved – and rallied extremely powerfully from – a critical support target level which propelled shares higher. Let’s see this level and update our analysis on this influential stock. We’ll start with the Daily Chart of the range,…