I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
What levels are key for traders in Amazon.com (AMZN) now? Based on these levels, what are the “Price Planning Pathways” to targets? Let’s start with the Daily Chart and update our trading levels: Amazon.com (AMZN) developed a “Gap and Consolidate… then Rally” Pattern through 2015 as drawn. After an initial earnings gap, shares consolidate and…
Yesterday’s rally continued into today’s session though price fell shy of the full touch of 2,100. What levels are we focusing on now? Let’s see! First, be sure to view Monday’s “Thrilling, Non-Stop, Exciting Trading Range of 2015” for context. After an initial – and logical – sell swing down against 2,090, price held support…
Well we should never refer to the market as boring! Today’s session saw a surprise sell swing straight down toward our 2,055 target level. From there, a big – supremely big – reversal took price back to yesterday’s close. What levels are we focusing on now? Let’s see! First, be sure to view Monday’s “Thrilling,…
The market continues to trade within a well-defined trading range and the last two sessions saw volatility but no real progressive movement. What levels are we focusing on now? Let’s see! First, be sure to view Monday’s “Thrilling, Non-Stop, Exciting Trading Range of 2015” for context. The main idea was price had a strong chance…
Sugar’s slide continues in one of the most persistent and stable trend structures. Let’s take a look at the persistent trend as sugar prices sour to sticky new lows, trapping bulls along the way. Here’s a “Pure Trend Structure” Viewpoint of Sugar Prices (@SB): First and foremost, the entirety of Technical Analysis (visual charting price)…
How are you doing within the Great Trading Range of 2015? One of the first steps in the trading process is to analyze the current market condition and then assess the odds of that condition continuing… or changing into something different (ending). Let’s start the week with an update of the current Range and why…
Not all is well with the Dow Jones Industrial Average. While some stocks are getting attention as they continue bullishly to new all-time highs, other stocks are quietly breaking to new 52-week lows during new downtrends. Let’s note six of these stocks and what opportunities may be available in these downtrenders. First, take a moment…
The 2015 Trading Range continues for the market as prices fell once again to challenge key support. Let’s update our “Range Forecast” Chart of the S&P 500 key levels and plan accordingly. January 2015 started with a wide range (1,990 to 2,060) ahead of a rally straight up to the 2,120 level. From there, buyers…
Despite a strong morning rally, price fell back toward the 2,100 level, continuing our range environment. What levels are we focusing on now? Let’s see! As mentioned to members last night, price remains within a short-term trading range. Technically, we’re seeing a triangle (intraday) within a rectangle (daily chart). Nevertheless, our key focal points –…
Not to be outdone by Apple’s (AAPL) big gap into support yesterday, strong trending stock Disney (DIS) disappointed investors and dropped straight into a key support reference level. Let’s update our Disney (DIS) chart, learn a quick lesson, and plan the next move for this big stock. We’ll start with the Daily Chart: First, take…