While there are plenty of methods to assess the volatility environment of a market, one of the simplest tactics is to measure the daily range. Let’s take a look at the pure daily range of the S&P 500 and Dow Jones index through major up and down periods over the last few years. Here’s the…
With the S&P 500 interacting with another key overhead price level, let’s take a moment to pull the perspective back to update the long-term (from 2007’s peak) Fibonacci “Bull Market” Retracement Grid. Here’s the clean picture on the Weekly Perspective: The Long-Term Fibonacci Retracement grid begins at the 2007 market peak (1,576) and ends at…
Technical traders across the world are monitoring current US Equity Indexes as they interact with the “Zone of Resistance” from their prior 2011 price highs. Let’s take a quick check-up on where the “Big Three” markets stand at the moment in relation to “The Zone.” First, the S&P 500 which hasn’t quite cleared the Resistance…
I wanted to highlight one of my favorite intraday trading “combo” set-ups that occurred twice on February 13th. It’s the “Retracement plus Dual Divergence” set-up that develops on all timeframes. Let’s take a quick moment to study this set-up as it appeared on the intraday frame and how we can apply it to other situations….
It really will be here before you know it! Plan your trip early to the always amazing New York Traders Expo which will take place February 19-22, 2012 – and as always, attendance is free! Traders attend the New York Expo not just from all over the USA, but some traders fly in just for…
Silver (and its popular ETF SLV) face a major resistance barrier overhead which should be watched closely. Let’s update the current Daily Chart of Silver and SLV to note this key price level to watch as a reference. Let’s focus most of our attention on the overhead resistance cluster at the $35.00 per ounce level….
With US Equity Indexes challenging and breaking to new recovery highs, it can be helpful to take a moment to raise your perspective to the monthly chart frame. Let’s take a quick look at the monthly index charts, starting with the S&P 500: The S&P 500 lags the Dow and NASDAQ at the moment, as…
This morning’s better than expected Jobs Report sent US Equity Indexes into or above key target areas that – if the momentum continues as it appears currently – will break price into New Recovery High territory which you’ll want to monitor closely. Let’s take a look at the S&P 500, Dow Jones, and NASDAQ to…
I hope you can join us this afternoon, January 31st shortly after market close – 4:30 EST/3:30 CST – for an interactive, educational webinar. (UPDATE: The links below are updated to the archive presentation you can view) I’ll be answering common trader questions and describing how exactly to combine two timeframes to assist your trading…
Both the Dow Jones and S&P 500 face price challenges at critical levels currently, particularly that of the rising 20d EMA. Let’s take a look at these levels to watch and perhaps develop trades on any breakout from these levels. First, the simple S&P 500 Daily Chart: Removing all other factors, the Daily S&P 500…