I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Strangely, stock prices can actually fall and today’s session so far is a very similar if not almost identical repeat of yesterday’s morning session. We’ll be following and trading price action with respect to whether today fully repeats yesterday or else creates a new intraday structure at key levels. Here’s the Structure and Planning Levels…
As we chart the US S&P 500 (and related ETFs) flirting with more all-time highs, let’s compare the US strength with three countries whose related ETFs are also at similar new highs. We’ll start our adventure around the world with India (INDY): This post is designed simply to highlight these country ETFs and their bullish…
Can you believe the market can actually fall? I didn’t either! Nevertheless, today’s session is showing price weakness but buyers – so far – have again held up the market from falling sharply. We’ll be watching for the remainder of today’s session if they’ll be successful, and thus adapting our trades. Here’s the Structure and…
So far, today’s session followed the “opening gap weakness, intervention bullish strength rally later” pattern. The trigger-break above 2,110 caused bulls to become more aggressive as sellers triggered stop-losses again. We’ll update our key simple levels and note trending stocks today: The breakout above 2,100 resulted in a short-squeeze where bears (short-sellers) unwillingly helped propel…
After the recent sideways consolidation, stocks continued their short-squeeze driven rally and “All Clear” breakout higher. The trigger-break above 2,110 caused bulls to become more aggressive as sellers triggered stop-losses again. We’ll update our key simple levels and note trending stocks today: The breakout above 2,100 resulted in a short-squeeze where bears (short-sellers) unwillingly helped…
As the S&P 500 extends its breakout to new highs – along with the powerful NASDAQ – individual stocks are also strongly breaking to new highs. Let’s take a quick scan and highlight nine stocks that are breaking powerfully to new 52-week (and in some cases, new all-time) highs right now. These stocks can form…
Apple (AAPL) shares broke strongly to new all-time highs today, leaving some traders thrilled and others frustrated for missing out. While most traders avoid buying breakouts, others see them as great opportunities to join a strong trend. Let’s take a quick look at the current breakout as well as how shares have performed at prior…
After a powerful short-squeezed breakout to new all-time highs, stocks traded flat to start the new week. We’ll update our key simple levels and note trending stocks today: The breakout above 2,100 resulted in a short-squeeze where bears (short-sellers) unwillingly helped propel the market higher as they covered their losses with stops triggered above 2,100….
Today saw a repeat event where the morning started with a quick sell-off yet buyers intervened with a recovery event that thrust the market – in a Short Squeeze – to new all time highs. We’ll update our key simple levels and note trending stocks today: While yesterday’s session stalled after making a weak new…
Surprisingly, the weak new price highs continued with another stab at the upper level again today, though bears were there to halt the market into resistance again. The negative divergences still flash a big caution sign as price initially moves down away from this target. We’ll update our key levels, highlight the divergence, and of…