Some of the things that I'm watching for in the stock market today as well as a few trade ideas that stand out right now. This video starts with a quick update on the broad markets via QQQ, SPY & IWM, followed by a look at the volatility indexes ($VXN & $VIX) as well as [...]
I’m noticing quite a bit of bullish price action & technical developments in the apparel stores recently. This video provides technical analysis of the apparel sector as well as numerous apparel stores that appear to be setting up as attractive swing trading opportunities. Playback speed of the video can be increased by up to 2x [...]
The recently highlighted 60-min divergences (first chart below from Aug 18th) have been confirmed with QQQ bouncing today (2nd chart). Hard to say how far they will play out but with the outlook for the more significant daily time frame bearish, my expectation is that this bounce will likely be capped by any of the [...]
This video begins with analysis on the casino & resort sector along with the VanEck Vectors Gaming ETF. This sector, as well as the majority of individual stocks within, appears to be setting up as attractive swing & potential trend trade candidates with above average gain potential. As about two dozen individual stocks that stand [...]
$COPPER (copper continuous futures contract) looks poised for a pullback off this overbought rally into resistance with negative divergences in place on the daily time frame while JJC (copper ETF) appears likely to break down below this 60-minute bearish rising wedge soon with a drop of at least 6% from current levels. I am considering [...]
An update on XHB (homebuilders ETF) and some of my favorite trade ideas in the sector at this time.
The following notes & chart highlight some significant technical developments that could indicate the next near-term direction in gold, GLD (gold ETF) & /GC (gold futures).