I describe the week’s actions and discuss where we are in the market for the upcoming week.
Swing traders often rely on relative strength when selecting stock candidates to trade, as stocks that are strong tend to get stronger while stocks that are weak tend to get weaker. Let’s take a quick look at all the Dow Jones Index’s 30 stocks on a annual percentage comparison basis and highlight the current winners…
We’ve seen clear relative strength in gold prices over the last week. Let’s take a look at the current Daily and Weekly Chart structure and highlight the key reference levels for trade planning. We’ll start with Gold’s Weekly Chart: We’ll start with a possible “Double Bottom” Chart Pattern that developed off the $1,200 per ounce…
A clear short-term trend has developed on the Intermarket or Cross-Market Money flow perspective. Let’s take a quick look at the recent activity and compare movement in key markets: A quick four-grid format allows us to compare and contrast money movement in US Equities (@ES Futures for the S&P 500 index), two commodity markets (Gold…
While many stocks are seeing downside selling pressure in 2014, let’s take a closer look at those select names in the Dow Jones Industrial Index – Blue Chip Stocks – which are making larger than normal breakdowns. To quantify “larger than normal,” I ran a stock scan for stocks that have moved 6 times their…
An interesting event is taking place from the Intermarket or Cross-Market Money Flow perspective and it’s worth taking a closer look. For one, we’ve seen continued strength in US Stocks and relative weakness or short-term downtrends in the other main markets. Recently, we’ve seen a clear counter-trend movement as seen clearly on the 5-market chart…
For traders of Amazon.com (AMZN), this morning opened with a sharp downside gap and a powerful Trend Day down continued the selling pressure. Let’s update our Amazon (AMZN) charts and note the current level to watch from our prior “Level Watching and Swing Trade Planning” parameters. From my prior update on January 16th, I noted…
As January 2014 comes to a close, let’s update our “Sector Rotation” planning grid using the main 9 AMEX Sector SPDRs arranged by the Sector Rotation Model. We’ll start with a grid from TradeStation showing price and the 200 day SMA: We’ll take a look specifically at the Sector ETFs in the charts below, but…
In a follow-up to yesterday’s “Color-Charting the S&P 500 Trend Structure with 100 week Moving Average,” I received a few suggestions to normalize the chart using percentage terms – and that’s an excellent idea. Let’s take a look not just at the recent bull/bear trend structure and percentage performance of the S&P 500 to its…
Did you know that the price distance above the 100 week Simple Moving Average (SMA) for the S&P 500 just reached the highest value (most overextended) of all time, exceeding the stellar peak during the Tech Bubble Boom? Indeed – it’s true. Let’s take a look at a Color Chart of the recent S&P 500…
Wynn Resorts (WYNN) remains a stellar example of our “Strong Stocks Getting Stronger” swing trading strategy as shares cleared the $200 per share barrier. Let’s take a look at the stock and pay close attention to the famous “Parabolic Arc” or “Arc Trendline” structure developing on the Weekly Chart: A “pure price” chart overview clearly…