A note from Corey – over the weekend, we will be upgrading to a dedicated server/webhosting and the site may be down sporadically during that period.
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Thank you for your patience and support as we continue to grow and expand!
Corey
With the recent sharp downturn in the stock market, we have a new list of most “over-extended” and “under-extended” stocks from their 200 day Simple Moving Average. Let’s take a look at the current scan results of most extended S&P 500 stocks, starting with most over-extended: To recap briefly, the purpose of this scan is…
What do these three stocks or indexes have in common? Each is showing a strong impulse sell move that is just confirming and is underway. First, let’s look at the Dow Jones Index: Observations: Price is in a confirmed daily downtrend. Price failed to muster enough strength to test the falling 50 period MA Price…
For those of you who closely watch bond and note prices, or perhaps trade them through respective ETFs, you’ve probably noticed that two major bond/note funds are nearing or already have broken out of a clean resistance level. Let’s take a look at the iShares 7-10 Year Note fund and the iShares 20+ Year Treasury…
Today’s action was incredibly bullish from the perspective of short-term sector rotation. How so? Typically, defensive sectors rise when larger traders expect falling market prices as a whole. Such examples would be the Consumer Staples, Health Care, and Utilities sectors. When larger traders show confidence in the market, they will aggressive purchase shares of companies…
Apple (AAPL) has fallen from $200 per share to $115 in two months – a mammoth drop for such a strong, newsworthy stock. Let’s look at the charts to see what might be ahead next. Notice in early November 2007 how the large volatility price move sent shockwaves through the stock, and led to a…
Google shares (GOOG) have fallen to a critical “make or break” price support level as seen both on the weekly and daily chart. Let’s take a look at the two-timeframe action and see what the current chart says about potential opportunities. Google (GOOG) Weekly: Cutting right to the chase, the flat 200 week Simple Moving…