Will the popular bond fund TLT – longer-term Treasury Bond – hold support at the current level… or break down to the next level of expected support? That is the major question. Let’s take a look at the intraday arc pattern formation (one of my favorites) and then see the higher timeframe daily chart support…
This weekend, I showed how the S&P 500 has been riding between the first and second Standard Deviation (also called “Sigma”) Bands. It turns out that Gold prices also have been carefully contained within the boundaries of the same type of Deviation Bands – an extension of Bollinger Bands – as seen in the chart…
During a bit of weekend analysis, I found this particular indicator/chart really interesting, as the S&P 500 has literally been contained within the boundaries of the 1st and 2nd Standard Deviation (‘sigma’) bands for a good portion of the ride up from September. Let’s see what Sigma Bands are – basically a more revealing Bollinger…
How have the leading bond funds been holding up lately? The prior trend had been a strong up one, but is that starting to change right now? Let’s look at the key reference support levels to clue us in to whether to expect further upside potential… or a downside reversal that could start soon. First,…
Did you know that the Dow Jones Industrial Average and the ‘confirming’ Dow Transports Index were mere points away from a fresh new 2010 high – which would make a new recovery high not seen since September 2008? That’s just before the worst of the 2008 Bear Market hit – and we’re close to topping…
Anyone who knows me knows how big a fan I am of “Market Internal” divergences (or momentum divergences as well). They’re one of my favorite methods of market analysis, as they seek to reveal the health – or weakness – of a trend in progress. Divergences often appear ahead of big turns in price, and…
So far, the S&P 500 has gently crept to the two shorter-term upside price targets after the breakout from resistance at 1,130. Now that the index tests the second upside target, what does the daily chart show and what are the odds of breaking through… or falling down from here. Let’s take a quick look:…
I was playing around with a new indicator in TradeStation that shows a similar style of Market Profile (Time, Price, Opportunity) charts and wanted to show the recent progression of the big move up recently in the S&P 500 (SPY). Let’s take a look at the chart and see what the “profile” reveals: (Click for…
I wanted to take a moment and remind you of the importance of analyzing price “Structure” when setting up what type of trades you are wishing to take, or how to be positioned for a swing or longer-term trade in a given market. Price Structure is probably the simplest form of Technical Analysis, but I…
Thursday’s intraday activity in the markets gave us a great example of the not-so-common pattern of an Arc Trendline Reversal Break (I’m sure there could be a better name for that), which is a good opportunity to play a reversal trade off a price climax low. Let’s first see the pattern, learn the concept, and…