Sometimes, it’s very important to strip your chart of all indicators and just focus on the message from price, which comes through clearest without all the clutter. There’s a very clear message from price itself in terms of range/value reference areas, so let’s listen to what price says and how we should treat these key…
You’re probably aware of the large price breakout in defensive bond ETFs TLT (20+ year) and IEF (7 – 10 year), but it’s always worth reviewing along with current price levels to watch for support or a reversal signal. Let’s start with the daily chart of the popular TLT fund: Investors can turn to TLT…
What tends to happen when gold forms an intraday “Three Push” price pattern on multiple-swing negative divergences into an overhead “Round Number” price resistance level? Let’s take a look at another excellent example of this important trading concept/set-up that triggered successfully at $1,800 on August 11th and just recently on August 22nd: Take a moment…
While Gold received most of the headlines/attention in the last few weeks, what has been quietly happening to Silver and Platinum prices? Let’s take a look at the parabolic move in Gold and see what the companion moves have been in related precious metals Silver and Platinum. Ever since breaking firmly above the $1,600 resistance…
On the weekly chart picture, a clear floor of support exists where we start the week of August 22nd. Let’s take a quick weekly look at the Dow Jones and S&P 500 as we start the week with respect to this higher timeframe confluence/key support area. There are three specific chart-points to watch on the…
Since uniting in 1998, US Equities have displayed a strong positive relationship with the 10-Year Treasury Note Yield, and we can gather insights from that relationship. Let’s start with the monthly frame and work down to the daily chart to assess the relationship and the current signals from this important Inter-market Pair: There’s a little…
I wanted to share a link to a post from Mike Bellafiore of SMB Capital entitled quite ambitiously “You Need to Make More Money Now.” Toward the end of Mike’s book One Good Trade, he details how markets have changed over the last decade in terms of volatility/narrative and how traders must adjust accordingly. It’s…
I wanted to follow-up from the post “Lessons from Gold’s Three-Push Divergence into $1,800” from last week with an additional trading example of how to piece together the chart puzzle into a successful low-risk, high probability trade on the very short-term structure. Let’s take a look at the chart and study the lesson from the…
Intraday traders had a great example of the “Three Push” pattern complete with multi-swing negative divergences into an overhead “Round Number” resistance level in Gold. Let’s take a look at how the classic pattern set-up and learn the trading lessons from this event: First, let me say that REVERSAL style trades (like this) are inherently…
We’ve all been trading in a high volatility market, but how does the current surge in volatility compare to the past few surges in volatility since the 2007 market peak? Let’s take a look at what’s happening now and put it in the context of 2007 to present in the S&P 500: To measure volatility,…