If you’re an intraday user of the NYSE TICK – a powerful market internal – you must accommodate current market volatility into your trading decisions. If you don’t do so, you’re likely to get in trouble. Why? Let’s take another look at the NYSE TICK and how it changes over time depending on the volatility…
News travels fast across today’s highly correlated intermarkets (namely Gold, Oil, Stocks, Treasuries, and the US Dollar Index – along with corresponding related markets) and when news is tremendously bad, fall-out in the cross-markets takes a rapid “Risk-Off” effect. Let’s do a pre-market morning update on the four main cross-markets and how this changes the…
How has the TICK changed over the last 10-years? And is a reading of 1,000 as significant today as it was 5 or 10 years ago? These are questions you need to know if you’re using the TICK in any capacity in terms of absolute values (such as “fade the TICK intraday when it hits…
There’s an interesting similarity of price reference levels for the three main “Risk-On” markets – as they’re all balanced at critical support levels. Let’s take a quick look at the reference levels to watch this week in the S&P 500, Gold, and the newly volatile Crude Oil: First, the key level in the S&P 500:…
The question on every trader’s mind is “Will the S&P 500 hold its critical support level at the 1,300 region or will it break lower sharply?” It’s already lost the 1,300 area and – by a few points – lost the 50d EMA, but as we push to new lows on the morning session, Market…
Traders across the world are watching critical chart levels in the US Equity Indexes very closely… so let’s take a look at these reference levels closely. The S&P 500 and the 50d EMA: In uptrending moves like these, we look to moving averages to provide support and set-up buy-in trades via retracements as price bounces…
I wrote yesterday about the “Consolidation in the S&P 500” which continued today as we wound down to an even LOWER volatility range which made the dominant boundaries even clearer as traders now await a breakout. Let’s see the update on the market and get ready for the next phase: A couple of quick observations:…
On a short-term basis, the S&P 500 is contracting into a clean trading range between well-defined triangle or trendline boundaries you should know. Let’s take a look at two charts that show this range and the levels traders are watching closely: First, let’s look at the bigger 60-min picture which shows a clean symmetrical triangle…
I wanted to share a quick lesson on locating a triple multi-day confluence support zone in the intraday SPY (and S&P 500) that helped shape Friday and now this morning’s trading tactics. Let’s see the Triple Confluence and how to put it to work for you in the future: While we can always see how…
I’m a huge proponent of segmenting the broader stock market into sectors and then comparing which sectors are outperforming the other using insights from the classic Sector Rotation model. I came across a new way of viewing sector breakdown performance from FinViz’s website with their Group Screener Grid tool and I wanted to share that…