Nasdaq 100 Index
As laid out as a likely scenario in the Jan 6th market analysis video (first chart below is a screenshot from that video), SPY went on to make a marginal new high while putting in confirmed negative divergences, setting the stage for a failed breakout / bull-trap & now appears likely to be headed to [...]
Here's an overview of the major US stock index tracking ETFs as we head into the final half-hour of trading (all shown on the 60-minute time frames). SPY (S&P 500 Tracking ETF) is challenging the previous (early Dec) highs, with most previous reaction highs often acting as resistance. Should SPY take out those highs by [...]
Here's a quick glance at the near-term outlook for the U.S. equity markets on a few of the major index tracking ETFs: Barring this one brief dip below, SPY has traded sideways in a tight range since breaking down below the 60-minute uptrend line with a divergent high in early Dec. While a solid & [...]
This video starts with analysis on gold, silver, platinum & GDX, followed by coverage of the US stock market (via SPY, QQQ & IWM) various sectors & some of the recent trade ideas posted on Right Side Of The Chart.
60-minute charts: IWM has traded in a tight sideways range since breaking down from the 60-minute bearish rising wedge pattern in early December. While an impulsive breakout above the top of the pattern would be bullish, I favor a downside break (below the support zone) with a drop to any & quite likely all of [...]
The near & intermediate-term outlook for the US stock market as well as bonds, agricultural commodities, gold, silver, platinum & the related mining stocks. This video starts with an overview of the US stock market via SPY, QQQ & IWM. At the 15:44 mark, the outlook for gold, silver, platinum & the precious metal mining [...]
The US equity markets were closed today (Monday December 26th) which leaves just four trading days left in 2016. While I'll be away from my desk more often than not over the next few days as I typically refrain from trading during the final weeks of each year due to the decreased trading volumes & [...]