I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
When we last left Crude Oil in our updates, it was trading down into a known support level and we were planning for a support-bounce or else support-break outcome that would set up our next trade. With Crude Oil indeed bouncing off our support level, let’s step inside the price action to study a perfect…
The market was at risk for a “Melt Up” or “Collapse Higher” today and heated up toward a Melt Up Breakout. Let’s take a look at the current picture and plan the next step: Here’s a snippet from Friday evening’s Premium Member Strategy Report that forecast today’s rally: Thus we’ll officially label our DOMINANT thesis…
Is today the day price will break violently higher in a short-squeeze… or else fall back lower within the key price levels of the rising wedge pattern in the S&P 500? With no resolution yet, let’s update our charts and plan, plan, plan: Before jumping into today’s analysis, be sure to check out prior updates…
Let’s dig a little deeper to find which stocks are participating with today’s spastic trend in money flow (or short-squeeze bearish stop-losses) and focus on the leading stocks (and avoid the laggards). The Grid below helps us pinpoint Dow Jones leaders and laggards for possible opportunities: The scan above is created with Trade-Ideas, a service…
What’s happening to Crude Oil and what’s the next tradable swing in price? Let’s update our chart and highlight the key pivot point levels and new targets right now. We’ll start with the Daily Chart retracement in motion: I highlighted to Members last weekend the Negative Divergence as price formed reversal candles and was likely…
The market was at risk for a “Melt Up” or “Collapse Higher” today and heated up toward a Melt Up Breakout. Let’s take a look at the current picture and plan the next step: Here’s a snippet from Friday evening’s Premium Member Strategy Report that forecast today’s rally: “Join the money flow and short-squeeze if…
With the market tilting toward the “Breakout” or “Melt-Up” outcome I highlighted in this morning’s post, let’s dig a little deeper to find which stocks are participating with the bullish money flow (or short-squeeze bearish stop-losses) and focus on the leading stocks (and avoid the laggards). Let’s view the chart below and take it step-by-step…
Right now we’re playing the “Will it really break out or is this just another Bull Trap?” game with our trades and analysis. Let’s step inside the market quickly to view what’s going on underneath the new price highs. Here’s this morning’s S&P 500 futures (@ES) intraday chart at the highs: We’re seeing the @ES…
Quite simply, what we THOUGHT was a Sideways Range was NOT actually a Sideways Trading Range. What’s changed our thinking and what does it mean about the current state of the coiled stock market? Let’s take a look: First, let’s build off an assumption that we’re challenging. I’d multiple times recently assumed that the S&P…
What’s going on behind the scenes of the stock market today as a possible Bull Trap stuns (or perhaps doesn’t surprise) some traders with a failed breakout and range day? After yesterday’s big trend day session, price couldn’t continue the momentum today and a clear range evolved. Let’s take a look at the current picture…