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Market Internals Warn of Sudden Reversal SPY Mar 3

Bycjrosen

Yet again, we’re seeing a situation where we have a multi-day decline in the three-key market internals when compared with the price of the S&P 500 or SPY ETF.

That sets up a major non-confirmation and increases that odds that we’ll see a price reversal/retracement to test lower levels, barring any unforeseen bullish news here.Yet again, we’re seeing a situation where we have a multi-day decline in the three-key market internals when compared with the price of the S&P 500 or SPY ETF.

That sets up a major non-confirmation and increases that odds that we’ll see a price reversal/retracement to test lower levels, barring any unforeseen bullish news here.

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Join Corey’s Wednesday Webinar on Trading Intraday Momentum and Internal Divergences

Bycjrosen

I wanted to invite you to a special webinar event I will be conducting Wednesday, February 24, 2010 just after market close at 4:30 EST / 3:30 CST entitled “Trading Intraday Momentum and Market Internal Divergences,” sponsored by Trader Kingdom and Mirus Futures. While divergences can produce powerful signals of a likely market turn ahead,…

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Apple AAPL Update: Daily Support but Monthly Bearish Engulfing

Bycjrosen

Apple (AAPL) investors rode a roller-coaster of news and stock price action last week, culminating in a massive sell-off in four days from the $215 area to the present $190 level. Let’s take a quick look at the Daily chart to highlight a key support level and then link to a video analysis by Adam Hewison who notes the “Bearish Engulfing Line” on the Monthly frame.

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Perfect Bear Flag Example Intraday SPY Jan 29

Bycjrosen

I always enjoy highlighting good educational examples that occurred during a particular trading day – if anything to archive it – and today gave us a great example of trading a Bear Flag structure intraday… actually the whole day!

Let’s take a look at the 5-min and 1-min intraday SPY chart (identical on the @ES futures) chart for a fun lesson on flags.

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Top Ten SP500 Leaders and Laggards on January 21

Bycjrosen

On a major day in the equity markets, it can be a good idea – particularly for swing traders – to know what the top ten and bottom ten performing S&P 500 stocks were on the session, which could generate a few trading candidates or ideas.

Let’s take a look at the top 10 and bottom 10 percentage performing stocks in today’s wild market action.

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Price Compression Forecasting Intraday Break Jan 14 SPY

Bycjrosen

I wanted to show a quick chart of the current mid-day SPY (S&P 500 Index) on January 14th to highlight a good example of price compression/consolidation which is often a precursor to a price breakout in one direction or the other, according to the “Range Alternation Principle.” Let’s take a look at the current intraday chart.