Transports Test 50 day EMA – Watch Current Levels
The Dow Jones Transports Average ($TRAN) is testing its 50 day EMA at the 2,700 level – we need to keep a watch on this level to see if it breaks… or holds.
October 1 Midday Check on Market Internals and Structure
Let’s take a quick mid-day look at the SPY/market internals and current structure as we begin not only October 2009, but the final quarter of 2009.
Interesting Intraday Rounded Reversal in GLD Sept 30
I wanted to do a quick update post to show the “Rounded Reversal” pattern that formed recently on the intraday charts in GLD (Gold Tracking ETF). Let’s see it on the 15-min frame.
Video: Trading Divergences in the SP500
Adam Hewison released an educational video this morning entitled “How to Trade Divergences in the S&P 500“. Like me, Adam is using the MACD (standard settings) to highlight non-confirmations between price and the indicator. Divergences occur when a market makes a new swing high but the MACD indicator (or other oscillator) does not make a…
Apple (AAPL) very close to All Time Highs – Weekly and Daily View
Unless you’re following Apple, or glance at it from time to time, you might not believe me when I say Apple (AAPL) stock is about $15 away from an all-time high just above $200 per share. Yes – it has recovered that much since the bear market lows of $89 per share. Let’s take a quick look at the weekly and daily charts.
Register Now to Attend the November Traders Expo in Las Vegas
It’s that time again! The MoneyShow.com is hosing the popular “Traders Expo” in Las Vegas, NV from November 18-21. This is shaping up to be one of the best Expos I have attended, and I hope you’ll join me and the dozens of other traders and educators this year! Best of all – attending the…
The Three Push Reversal Pattern in GLD Intraday
With Gold (and the Gold ETF of GLD) making a sudden and sharp reversal back to the downside, I thought it would be a good idea to highlight the “Three Push” pattern – one of my favorite patterns – that preceded the reversal and how you might have anticipated and then traded the reversal intraday. Let’s see it.
Copper Hangs Precariously at Edge of Cliff
Copper Prices, which can be early indicators of economic strength or weakness, are hanging as close to the edge of a cliff as possible and we need to watch the outcome of the current structure for clues ahead. Let’s see it.
Daily SP500 Shows Strong Bounce off Rising 20 EMA
Mid-day on Monday, the S&P 500 is up over 1.6% after successfully ‘bouncing’ off the 20 day EMA at 1,045. Let’s take a look at the current daily S&P 500 to see this bounce and what it might mean.
Current Fibonacci Confluence in the Dollar Index
I wanted to show a quick ‘advanced’ chart of the US Dollar Index to note different levels of Fibonacci ‘extension’ confluence at the $77 level which we need to watch. Let’s take a look: