Goldman Sachs has been a wild ride for both investors and traders this year, despite being a leading financial company. As per usual practice, the chart gives us excellent examples of trading tactics we can use as a reference for the future. Let’s take a look specifically at Two Divergences and the resulting Two Breakouts…
Traders frequently study market internals – including breadth – to peek under the hood of a price movement or trend to see if internals are confirming the move (suggesting continuation) or disconfirming the move (suggesting retracement or reversal). Let’s take a look at what S&P 500 specific Internals – breadth – have taught us about…
So far, this December is on path to be one of the best performing Decembers in market history. Let’s take a quick summary look at the market performance in the month of December – one of the most bullish months of the year – and compare now with prior monthly returns over the past decade….
Netflix (NFLX) has been showing up frequently on many trading radars, and for good reason – the stock has doubled from $100 to $200 from August to December, and it did so within a stable uptrending structure that allowed for low-risk entries – either from a retracement standpoint or a breakout move – into the…
The S&P 500 has moved up into a short-term Gann Squares inflection level – similar to a Fibonacci level – which is worth considering as we move into the final push of 2010. Let’s take a look at the updated Gann Squares Chart of the S&P 500 to see what the current and future levels…
I love highlighting divergences in posts – they’re also enjoyable to trade when you get used to seeing them at key turning points in the market, particularly at a higher timeframe key level. Let’s learn from a recent example from this morning’s hard push to new lows… that was met with a sharp positive TICK…
There’s something rather odd about the relationship between Treasury Yields and the S&P 500 over the last few months, as we’ll soon discover in the chart. Let’s take a look at the past positive relationship from the start of the Recession through the current Recovery and make notes and observations along the way. I always…
We’re seeing a big move down this morning in the US Dollar Index (and by proxy, a move UP in the EUR/USD FOREX Pair). Let’s take a quick look at the Hourly Structure and see how this is playing out and what to watch next. In this week’s Inter-market Report to subscribers, I wrote of…
Sandisk (SNDK) has been an interesting stock and is currently knocking at – or perhaps breaking through – key overhead resistance at the $50 per share level. Let’s take a look at the current chart picture, note key levels to watch, and the dominant larger-scale “IF/THEN” logic to monitor as the weeks go on from…
I’ve had a few requests to keep up with China’s Shanghai Stock Exchange Index, and indeed it’s trapped right now between two key confluence levels which make for an interesting chart picture. Let’s start with the Daily Chart, note the key levels, then move to the pure Fibonacci Confluence Retracement Chart for additional clues, and…