We are living in an ever increasing dangerous world,' which threatens to explode in the Middle East at any time. The hundreds of thousands of Iranian mourners and protestors that are in the streets in Iran to bury their fallen hero, after he was targeted and killed by the United States. Iran is promising severe and just retribution. This is a prelude to...
US Defense stocks lead by Northrup Grumman ( Chart Shown Here) rocketed higher on 1/3/20, in reaction to assassination of Iran's Security Chief by the United States. Look at the breakaway upside gap in NOC on Friday. This kind of move is an "initiation move", meaning that it is probably just the beginning of the upside move into defense stocks going...
In this post, I would like to present a 15 minute chart of the S+P 500 from this past week's trading. You can see by my chart notation, that two things become very obvious. 1. The breakout to the historic high price of 3258.14, has become a 'false breakout " on the 15 minute chart. You can clearly see the failure bar, this morning breaking back into...
The overnight killing of a revered Iranian general by the United States, with President Trumps approval. has caused financial markets to suddenly, think of the unthinkable, the possibility of war between the US and Iran. You can tell the market is taking this dire possibility seriously, with the overnight spike in crude oil which had been rising steadily in...
On war mongering news coming out of the Middle East reporting a growing US battle troop present in the area, ES Futures dropped sharply tonight, and in the process have unwound the" blow off " top from today to 3258 The suddenness... of the downside reversal caught market participants by complete surprise, as they were expecting a continuation of the new...
As I expected, and warned about, the S+P 500 sold off in a pattern break on 12/30/19, briefly stopping the momentum of those who wanted to "coast home" easily to end the year. Multi Pattern 60 Minute Box Chart shown here, highlights the distribution box moving price back into the prior pattern, and rendering an initial sell signal here. The pattern setup right...
Mass human psychology is ready to make those New Year's resolutions, with many of those involving investing, taking shape around the nearly 30 % return in the S+P 500 in 2019. Now those who were left out... those who did not receive those outsize gains this year, with one simple decision to invest in an S+P 500 Index Fund or ETF, will no doubt feel the NEED to...
S+P 500, shown here in 60 minute formation, has been on a "melt up" move for the last 4 weeks, after bottoming at important intermediate support at S+P 3070. To realize a technical chart "climax", or exhaustion the price move would need to extend itself up to all time highs, and then fall rapidly away. That "pattern" showed itself ,for the first time...
Since coming public at $12.00, on 10/31/19 Rapt Therapeutics ( RAPT ) has been under accumulation, with the stock has rising to $42,and now after a recent triangle breakout, trading above 30 This company out of San Francisco,Ca is working on genetic cancer cure drugs. The potential for long term stock appreciation is very significant. but with any endeavor of...
The Breakaway " Island Gap on Friday 12/20 above 3210 Resistance suggests the possibility of a melt up, or an " Extreme Bullish Sentiment Unconfirmed Double Top" at 3225 15 Minute RSI, ( Shown Here ) has already turned down, technically confirming the possibility a" False Upside Breakout' on Friday. Sentiment is now SO BULLISH, that the market is refusing to...
S+P 500 30 Min, Continuation Pattern. Look at the way I have annotated this chart. Your recognition of what is going on "inside this pattern" will be your key to completely understanding where we are, as we approach the end of the year.. I had suggested in my previous article that the S+P 500 could "next" be breaking out about 3200 and that is exactly what...
If the S+P 500 falls into the white area on this chart, ( Shown here on the 15 minute Chart) then a potential significant market decline, "could" begin at any time ! Right now, for point of reference, the white area denoted on this chart begins at 3183.63, which coincides with the Weekly "OPEN" on the S+P 500 for 12/16/19 I am also suggesting that a break back...
The incredible rise in the S+P 500 in 2019, has now reached "epic" proportions as the year is drawing to a close. The technical construction of a chart pattern known as a final "blow off top" looks to be well underway The S+P has spent the last 2 trading sessions above the higher Bollinger Band,significant for the strength of this breakout rally, but often a...
S+P 500 latest breakout to new all time highs has certainly done one thing very well today. It has turned the majority into "raging bulls", with only one thing on their mind's now. They're hungry. The trade deal with China. The postponement of new 15 % tariffs, that had been scheduled to go into effect on 12/15/19 has sparked a real rush to the banquet hall. I...
So often, a very good trade is marred by a less than perfect execution . Eager to get into a trade, a trader might throw caution to the wind, and immediately take the price that a savvy market make might want them to have. Once that is done, then the entire trade is "immediately compromised",and you are put on the "defensive" as a trader. If that blunder...
4 Hour S+P 500 Chart "continues" to look,and act bearishly. I have marked the chart shown with a "descending megaphone""pattern so you can better "see" what I am referring to. Should this pattern decide to "open up " to the downside... the immediate thrust out of this pattern could be violently acute. And just because it didn't happen today... doesn't mean it...
Short Term Traders should be aware. 4 Hour S+ P 500 Institutional Chart, Closed Bearishly on 12/9/19. The risk here is for a potential " Rising Wedge" Breakdown. 4 Hour Support is currently just below the market at S+P 3134.62 Short term trend shows that if that key support breaks, then"gap filling" could quickly bring the S+P down to 3120 minimum. Special...
Lipper Analytical released figures this past weekend, that confirm that the "public" is fleeing the stock market in the fastest pace in decades pulling a record 135 Billion Dollars out of US stock mutual funds and ETF's, in calendar 2018-2019. Contrary opinion alone would suggest that the 10 year bull market advance to record highs has created an environment...