The Russell 2000 (Small-Cap) Index is currently trapped beneath is key average, hinting that a potential break may be in store. Also, the index is showing strong relative strength to the Dow, S&P, and NASDAQ, which could be a good sign for the larger cap markets. Let’s look. Russell 2000 Index Daily: The Russell (here-on…
Gold prices have taken a downward move which may have surprised many traders. A ‘make or break’ moment (or zone) is in the works, the resolution of which could give us a significant clue about gold’s next move. Let’s see it. Gold Daily Chart: Price has formed a three-month triangle consolidation pattern, which resolved with…
Adam Hewison released a brief info-movie today showing some of the recent proprietary trading signals in the crude oil market – starting with a sell signal and moving to a recent buy signal. The video asks “Is the Move in Crude Oil Over” and can be viewed from the previous link. What interesting is that…
If you’ve been keeping an eye on the major news or trends in the major markets, you may have noticed a not-so subtle shift that’s clearly taken place. Let’s see what that shift is and what it might mean for the future. First, let’s look at the following markets and their performance since the start…
Martin Pring, one of the most well-known and respected market technicians of our time, recently published a brief quarterly report which outlined his case for renewed, current optimism on the US Equity Market. Entitled “Time to be Bullish” (link opens as a .pdf file), Martin outlines the four major reasons why he believes – from…
Surprisingly (at least to me), the market gave us yet another trend day, though – again – it was not your classic trend day. Let’s continue to study each trend day occurrence for clues about how to trade them for maximum profit. DIA 5-minute chart: Typically, trend days follow range-bound, consolidation days – this was…
Let’s take a quick moment as we begin this Tuesday to view the Daily Structure of the Dow Jones Industrial Average for possible clues of the action ahead. Dow Jones Daily: Looking backwards first, we note the pronounced, multi-swing negative momentum divergence – as well as price testing resistance via the 200 day SMA –…
The market gave us yet another trend-style day down today, washing away most if not all bullish hopes for an extended counter-rally recovery. Let’s view the intraday charts to see what opportunities were in store for nimble and aware traders, who were able to take advantage of the trend structure today. DIA 5-minute chart: Most…
Anheuser Busch (BUD) has been in the news prominently as the takeover candidate of ImBev (buy-out), and the stock has responded positively in a unique ‘stair-step’ pattern which is worth examination. Let’s see what we mean. BUD Daily Chart: After rumors were announced earlier this year, the stock began to respond positively to the potential…
Recently, I posted the Top 10 and Bottom 10 Stocks in the S&P 500 average by daily Average True Range. Now, let’s look at the top and bottom stocks by factor of percentage of the ATR to the recent close – stocks with a higher percentage will be more volatile than those with lower percentages,…