A focus on the near-term outlook for the US equity markets via the major index tracking ETFs; SPY, QQQ, MDY & IWM.
There's an old saying in trading/investing about how most gaps are back-filled at some point in time. The statistics on what percentage of gaps are filled range depending on the source but the author of this article from 2013 claims to have conducted a backtest spanning 24 years showing that [...]
The charts below help to illustrate that, at least as this point, the recent rallies in the major US stock indices have so far been nothing more than typical oversold, counter-trend bounces off support with every major US stock index still well within the typical Fibonacci retracement levels. All major [...]
I spent the bulk of yesterday working on the back-end of the site & as of yesterday, all of the Long Trade ideas have been updated. The charts on all 4 trades currently listed under the Active Long Swing Trade category (ACBFF, WEAT, NIB & CCE) all still look constructive [...]
An overview of the US stock market via technical analysis of the following index tracking ETFs on various time frames: SPY, QQQ, DIA, MDY, IWM & IWC.
As a follow-up to the October 17th US Equity Market "Flashpoint" & Target Levels post, in which the critical support levels on the major US stock indices were highlighted, all of those major diversified stock indices broke down & closed below those key support levels today except the lead sled [...]
In reviewing the charts of the major US stock indices, other than the fact that the markets continue appear to have stalled out in choppy, sideways range over the last 3+ months, one of the most important developments in recent months is the very clear trend of deterioration in market [...]
Here's a quick snapshot of some of the major US stock indices covered in last night's video. The key support levels that were referred to as potential "flashpoints", key support levels which are likely to spark an impulsive wave of selling if taken out, are highlighted in red. The white [...]
The first part of this video reviews the historical performance of one of my favorite intermediate-term trend indicators & how it is best applied when aligned with the primary trend as well as major inflection points in the market. These intermediate-term trend indicators have recently flipped from bullish to bearish [...]
The following video provides an overview of the major US stock indices as well as the semiconductor sector. As this video discusses the Active Trade on SMH & SOXL, it is restricted to members of the site. Please login or sign up for your free 3-week trial to view.