Daily Commentary

A couple readers have asked me to chart MannKind (MNKD) – a low priced but high volume stock – and indeed shares are facing a key support level here. Let’s pinpoint the current “simple support and resistance” levels and note what opportunities develop from these levels. We’ll start with the Daily Chart: First and foremost,…

With many stocks gapping, gold surging, and stock plunging, there’s a lot to cover in today’s update. Let’s get right to it! Here’s a game-planning quote from last night’s member update: “We’re already logically moving down away from 2,135 and if price breaks 2,100 – as was the case in June under an identical planning…

After a small morning bounce off support, stocks continued falling along the sell pathway from the daily chart. Let’s scratch the surface and look beyond the headlines to what’s trending today: The 2,110 level was a Fibonacci Target spot and price rallied just shy of the 2,120 level. Further selling intensified as price broke this…

Our four-market grid of broader money flow continues to show distribution for commodities amid a retracement in stocks and the US Dollar. Let’s update our Quad-Market Money Flow Grid to start Thursday and note interesting changes: We’re seeing the simple 30-min (intraday) chart of the S&P 500 (@ES), Gold (@GC), Crude Oil (@CL), and the…

So far, we’re seeing a repeat of yesterday’s morning weakness, afternoon stability, and rally into the close. Let’s scratch the surface and look beyond the headlines to what’s trending today: Apple (AAPL) was the big headline news item today with a large downside gap into support. Nonetheless, the broader market continued its logical sell-swing retracement…

The logical and expected sell-swing (retracement) developed against a background of resistance and divergences. However, we’re bouncing up off a support level at the moment, so let’s update our key levels and stocks in play. Let’s scratch the surface and look beyond the headlines to what’s trending today: For a bit more context than the…

Is this the pullback we’ve been waiting for? Let’s do a quick morning update of the S&P “e-mini” and Dow Jones mini futures (@ES and @YM) with an emphasis on the divergences into resistance, and new support targets to play for. Here’s the S&P 500 and expected pullback underway: In terms of the S&P 500,…

The short-squeeze and bullish price surge continues in the stock market at the same time gold collapsed to the $1,100 target level. Let’s scratch the surface and look beyond the headlines to what’s trending today: The intraday uptrend continued with price breaking through toward the 2,130 target level on a possible journey toward fresh new…

After springing a Bear Trap, Apple (AAPL) shares pivoted and trapped the short-sellers, placing price on a pathway straight up toward all-time highs. Let’s update our Apple analysis, pinpoint the Trap Lesson, and plot what levels are most important now. Here’s the Daily Chart Trap and Outcome: For our prior update on Apple, see the…

Despite the strength of technology leaders Google and Facebook (among others), the S&P 500 is perfectly balanced and flat today despite the NASDAQ’s bullishness and new all-time high. Let’s scratch the surface and look beyond the headlines to what’s trending today: Traders in the NASDAQ and Tech Sector Stocks are probably having a lot more…