I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Gold prices slid to new lows today in an ongoing downtrend and bearish money flow. While a lot of traders are expecting the stock market to peak and reverse, many traders may be missing the ongoing downtrend in Gold that is confirmed and in motion. Let’s chart Gold from three perspectives and see what’s going…
Let’s take a moment to update our mid-month Money Flow Grid for our four main markets we track. We’ll start with the Hourly (Intraday) Grid and move up to the trends on the Daily Chart: This is meant to be a quick update to our in-depth membership content each week. We’re seeing the Color Chart…
The Relief Rally in stocks continued without ceasing today, taking the index shy of another all-time high. What’s going on now and what levels are important? Let’s see: Our ongoing Broader Narrative continues to be successful as the market simply continues to trade higher in the ongoing uptrend. As we’ve been highlighting every day to…
Recently we’ve been discussing the “Arc Trendline” Pattern in high-flying Delta Airlines (and similar companies) but now we’re seeing a lift-off and reversal bounce precisely at a key support target. Let’s see the lift-off, update our key levels, and plan what to expect going forward. First, start with the previous update on the “Arc Trendline…
Google (GOOGL) now joins a list of “Strong Getting Stronger” stocks in breakout mode. Yesterday I highlighted tech leader Amazon and today we study Google. Let’s jump straight in! Like Amazon (AMZN), Google shares formed a sideways trading range (rectangle) through most of 2015. However, the recent – expected – bullish rally “up away from”…
While scanning the 41 stocks in the S&P 500 that are making fresh new 52-week highs right now, I wanted to highlight one stock in particular today. Our good friend Amazon (AMZN) broke free above another sideways rectangle pattern in an ongoing uptrend. Let’s pinpoint the breakout – on “Amazon Prime Day” – and see…
Despite the broader market bounce today, Apple (AAPL) shares broke one key support level and may yet break another important level at which shares are trading now. Let’s see these levels, starting with the Weekly Chart, and update our trade plans accordingly. First, the weekly trend remains up/bullish yet this trend is under threat both…
During yesterday’s reversal rally, 17 stocks in the S&P 500 made fresh new 52-week highs in ongoing uptrends. While I’ve highlighted some of these names in prior posts, I wanted to focus on three stocks that not only cruised to a new 52-week high, but also powered to an all-time high. Let’s jump straight into…
We once again find the S&P 500 fiercely challenging the rising 200 day Simple Moving Average, a key pivot level in the ongoing bull market trend. Let’s highlight how price has behaved with respect to this key indicator going back to the start of the current bull market. Here’s the full perspective of Price and…
Often it’s helpful to step back and focus on the trend and build strategies accordingly. Let’s take a moment to focus on special “Color Ribbon” Charts for three leading markets and highlight their Trend Structure together. We’ll start our journey with the S&P 500 Color Ribbon Multi-timeframe chart: Let’s start with what we’re seeing and…