Charts + Technical Analysis

Traders are frustrated A lot of traders starting to lose their minds with this stock market as it runs afoul of everything they’ve been conditioned to expect over the past two years, following the 2022 bear market. At this point, we all know this market is oversold. EVERYONE!

QQQ testing the 200-day moving average today The selling won’t stop today and now you have QQQ testing the 200-day moving average and even breaking below it – something that hasn’t been seen since January of 2023. During that time it was different; major stock market bottom had been formed and we were finally coming

Recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run.

I hate starting the new year on a losing trade. But that's exactly what I got today. Wasn't necessarily a bad trade - I managed the risk like I should, noticed fairly quickly into the trade that the market wasn't going to hold up and got out of the trade with less than half the

The stock market’s Santa Rally has delivered coal (so far) This is one of the problems with buying whole heartedly into seasonal factors, because it only works until it doesn’t and when it doesn’t, like it has done so far since the start of the Santa Rally on Christmas eve, it can wreck havoc on

Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remains somewhat elevated. The Committee seeks to achieve maximum

Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remains somewhat elevated. The Committee seeks to achieve maximum

What’s the bearish argument here? SPY improved 75 cents on a $571 ETF in terms of body on the daily candle – still a very tight trading range. And up until the last seconds of the trading session it looked like it would be another doji candle.

Stock market indecision continues The stock market indecision is real! Can we get a day that doesn’t just involve a gap at the open, and nothing but 6.5 hours of endless sideways trading there after? Last three days have been an absolute snooze fest. 

Where did that rally come from? I woke up this morning, and thought maybe I was looking at the Nasdaq futures and not the S&P 500 futures. I saw a 93 point rally underway and thought “That ain’t right!”. Low and behold it was. Asian and European markets liked what they saw and they took