For this month’s update of the “Top Five S&P 500 Stocks Most Extended from their 200 day SMA,” we have two very popular stock names on opposite sides of the scanning results. After a stellar reversal and strong rally, Netflix (NFLX) takes the top over-extended spot while Apple (AAPL) makes its debut in the top…
What happened today (February 20th) and what are Internals and Market (Price) Structure suggesting about the present and short-term future of the S&P 500? Let’s take a quick look at the sharp post-Federal Reserve minutes announcement and make sense of the current environment and key levels to be watching this week. First, a look at…
As intraday or short-term traders, we often get caught up in our particular futures contracts, ETFs, or favored indexes and we can easily miss the bigger picture in related or similar indexes, especially on the larger frame. That’s the case currently for those of us (I’m guilty too) who focus most of our attention on…
With the S&P 500 pushing to the 1,525 target – a new recovery high – what do Market Internals say about the health of the rally that price doesn’t reveal alone? Let’s pull back the hood of the market to assess an interesting pattern forming in Market Internals: The chart above shows the S&P 500…
While consumer staples/defensive stocks may not be the most exciting names in the market, they can offer stable uptrends along with their stock dividends. Day traders won’t gravitate toward these stocks due to the low relative volatility, but swing traders and some investors may use them in their growing portfolios as stable, consistent plays. Let’s…
I’m a big fan of so-called “EMA Compression” patterns because they often set-up breakout opportunities from clear reference levels. Let’s take a look at the Daily Chart “EMA Compression” pattern in gold and what levels are important in the near future. The main idea here is to recognize the price compression or consolidation between the…
Netflix (NFLX) recently attracted trader and investor attention with the recent gap-up and reversal off its 2012 low, so let’s take a moment to view a key Fibonacci pivot level and assess the Rounded Arc Reversal pattern that brought the stock to its current point. As a bonus, let’s look at price levels that may…
If you use the NYSE TICK (or related Market Internal) in your intraday or short-term trading decisions, it’s important to know what levels are important for the indicator and they do change. Let’s take a look at the daily distributions and key high/low levels in the NYSE TICK and learn a quick lesson in “TICK…
We’re watching a key inflection level in Gold and I wanted to update the current chart landscape to show these levels along with the developing short-term structure. Let’s start with the Daily Chart and highlight the easy-reference levels: In simplest terms, the upside resistance barrier exists from $1,680 to $1,700 while the downside support level…
I’m excited to announce that I will be presenting an informational webinar as part of a four-speaker event on Thursday, January 31st and I wanted to invite you to attend. Sponsored by Real Traders Webinar, their January 31st event will include four back-to-back presentations under the topic “Strategic Planning and Precision Trading” and by registering,…