A quick look at some of the key technical levels & developments that I'm monitoring on within the U.S. equity markets. Starting with the 60-minute charts of the broad index tracking ETFs: The momentum in SPY is rapidly diminishing on this most recent thrust to a divergent high. A break below the 253.85ish support will [...]
Technical analysis of the stock market, crude oil as well as several swing trading opportunities that stand out at this time. The following securities are covered in this order: /CL (crude futures), XOP, XLE, NVDA, SOXX, SMH, XSD, CRUS, QCOM, XLP, XBI, SPY, QQQ, & IWM. Playback speed can be increased in the video settings [...]
This video highlights some of the potential swing trading opportunities that stand out at this time. Covered in the following order are: Crude oil & the energy sector via /CL (crude futures), XLE & XOP gold & the US dollar via /GC (gold futures) & the EUR/USD forex pair various agricultural commodities via /ZW (wheat [...]
The major stock indices (SPY, QQQ, IWM) experienced stick-saves on the final 60-minute candles yesterday. On SPY, a break & 60-min close below 253.87 should bring the S&P 500 tracking ETF back down to the bottom of the yellow price channel & possibly the 250.26 level. On QQQ, watching for a break & 60-min. close [...]
Just how overbought is the U.S. stock market? For starters, the Russell 2000 Small Cap Index has just hit the most extreme overbought level in over 14 years. On the 20-year daily chart below, I added a line at the 82 level on the RSI 14, which is one of, if not the most commonly [...]
Technical analysis on QQQ & the market leading FAAMG stocks; FB, AAPL, AMZN, MSFT & GOOG. note: This video was recorded before the opening bell today so the charts are reflective as of Friday's close. The playback speed can be increased via the settings icon on the lower right corner of the video to reduce [...]
Member @raider74 asked for my thoughts on SPY within the trading room. As I haven't posted analysis on the broad market in a while, mainly due to the fact that there just haven't been any technically significant developments worth noting, I figured that I'd share my analysis here on the front page. SPY 60-minute [...]