I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Are we about to see a “Breakout Reversal” trading opportunity trigger for Coffee and Crude Oil? Let’s jump into the Daily Charts and find out! We’ll also highlight targets on a breakout. We’ll start with Coffee (@KC): At first glance, you might think Coffee and Crude Oil differ greatly, and you’d be correct. However, both…
Where’s money flowing across Stocks, Gold, Oil, and the Dollar as we start the new trading week? Let’s jump straight in to our Cross-Market Grid to see the movement and opportunity: The Chart above is a 30-min view of current movement in the futures markets of Stocks (@ES), Gold (@GC), Crude Oil (@CL), and the…
We all survived April Fool’s Day! Yesterday saw an intraday bottoming/reversal process and today we’re seeing the logical up-rally higher. Let’s dive inside action and note key levels and the trending stocks of the day: Take a moment to review the prior two posts that set the stage for today’s bullish reversal: Key Support Level…
With a morning sell-off in motion, let’s take a moment to step back and note key inflection points, targets, neutral range zones, and other key planning factors on the “Big Four” US Stock Market Indexes. We’ll start with the S&P 500 Index: For additional background and specific planning, see this morning’s update post “Two Triangles…
The stock market fell victim to sharp selling pressure overnight that continued into the morning session. Sellers and bears have a key support level ahead of them and buyers are eying it eagerly. Let’s highlight two triangle support levels for the S&P 500 and plot the current short-term plays: The chart above is a pure-price…
If Friday’s triangle range day session (see update) was boring, today’s expected breakout is thrilling and has rewarded those who were patient, awaiting the virtually guaranteed breakout. Let’s update our chart, highlight the impressive breakout and Trend Day, and chart the strongest stocks: Friday’s range day session was just a spring coiling and building energy…
Wait – was the market open today? So far nothing’s happened. I’m kidding but that’s not far from the truth as today has devolved into a low volatility tight range day. Let’s dive inside the sector and stock action and get away from this boring price action in the S&P 500 index. There’s not much…
The selling pressure continued today yet a strong V-Spike Reversal off the 2,050 level may signal a short-term price bottom. Let’s update our S&P 500 chart and highlight the strongest – and weakest – stocks on the session: A slight positive divergence occurred on a V-Spike Price Reversal this morning off the 2,050 level, resulting…
We saw an interesting price pattern in high-flying Biogen (BIIB) only to see a harsh pullback to the key pivot level. Let’s note the “Shoot the Moon” rocket play – and return to orbit – to a key trading level on which to focus. Biotechnology stocks in general have been market leaders, at least until…
We have a second sell-session in a row as the S&P 500 moves down from the 2,100 key level. Let’s update our S&P 500 chart and highlight the strongest – and weakest – stocks on the session: As the S&P 500 failed to hold the 2,100 level, an slow-moving avalanche of selling pressure (liquidation) crept…